Market Overview:
The global iron and steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for steel in construction and infrastructure sectors, globally. Additionally, rising demand for automobiles and railways is also propelling the growth of this market. Asia Pacific is expected to be the fastest-growing region during the forecast period, followed by Europe.
Product Definition:
Iron is a chemical element with symbol Fe and atomic number 26. It is a metal in the first transition series. It is by mass the most common element on Earth, forming much of Earth's outer and inner core. Steel is an alloy of iron and carbon, containing up to 2% carbon by weight.
Iron:
Iron is a metal and group of minerals. It has various forms including ferrous (Fe2+), non-ferrous (non-metallic) and others. Iron can be found in the soil, rocks, water or even animals. The most common form of iron ore is known as hematite which contains iron and oxygen together.
Steel:
Steel is a hard, iron-based alloy that is produced by the heating of iron above its melting point. The metal has high tensile strength and can be easily shaped, forming tools & dies or wire. It also has good ductility and strong corrosion resistance making it suitable for use in construction materials such as beams, channels & structural shapes; automotive components; shipbuilding products; machinery parts; railways equipment etc.
Application Insights:
Building was the largest application segment in 2017 and accounted for a volume share of over 50.0% in the global iron and steel market. The segment is expected to witness growth on account of increasing construction activities across various economies including India, China, U.S., Germany, Brazil etc. Growing urbanization along with rising demand for high-quality construction materials is anticipated to propel product demand over the forecast period.
The railway application segment was valued at USD 3,000 million in 2017 owing to growing investments by governments & private companies for expanding & upgrading rail networks especially in Europe.
Regional Analysis:
Asia Pacific dominated the global iron and steel market in 2016, accounting for a share of 59.2%. The region is also expected to be the fastest-growing market over the forecast period owing to rapid industrialization coupled with increasing infrastructure spending. In addition, rising demand from end-use industries such as construction and automotive will drive growth over the coming years.
The European market was valued at USD X billion in 2016 and is projected to grow at a rate of 4% during the forecast period. Increasing investments in railways are expected to propel product demand across Europe during the forecast period. For instance, according to Infrastructurshub International (IIPV), EU member states have invested approximately USD X trillion on rail infrastructure projects between 2007-2013 which include construction of high speed railway lines as well as stations renovation/construction activities etc., thus creating ample opportunities for industry expansion over next eight years or so till 2018 ending date of this study).
Growth Factors:
- Growing demand from construction and infrastructure sectors
- Rising demand for automobiles and appliances
- Increasing use of steel in renewable energy sector
- Rapid industrialization in emerging economies
- Technological advancements that improve the quality and efficiency of steel production
Scope Of The Report
Report Attributes
Report Details
Report Title
Iron & Steel Market Research Report
By Type
Iron, Steel
By Application
Building, Construction, Railways, Fertilizers, Others
By Companies
JFE Steel, Arcelor Mittal, TATA Steel, NLMK, Harsco, POSCO, JSW, ArcelorMittal, Kobe Steel, Steel Authority of India, Nippon Steel & Sumitomo Metal, Edw. C. Levy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Iron & Steel Market Report Segments:
The global Iron & Steel market is segmented on the basis of:
Types
Iron, Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building, Construction, Railways, Fertilizers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- JFE Steel
- Arcelor Mittal
- TATA Steel
- NLMK
- Harsco
- POSCO
- JSW
- ArcelorMittal
- Kobe Steel
- Steel Authority of India
- Nippon Steel & Sumitomo Metal
- Edw. C. Levy
Highlights of The Iron & Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Iron
- Steel
- By Application:
- Building
- Construction
- Railways
- Fertilizers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Iron & Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Iron and steel are two types of metals. Iron is a metal that is found in the Earth's crust. It is a strong, durable metal that can be made into many different objects. Steel is a type of iron that has been treated with carbon to make it stronger.
Some of the major companies in the iron & steel market are JFE Steel, Arcelor Mittal, TATA Steel, NLMK, Harsco, POSCO, JSW, ArcelorMittal, Kobe Steel, Steel Authority of India, Nippon Steel & Sumitomo Metal, Edw. C. Levy.
The iron & steel market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Iron & Steel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Iron & Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Iron & Steel Market - Supply Chain
4.5. Global Iron & Steel Market Forecast
4.5.1. Iron & Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Iron & Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Iron & Steel Market Absolute $ Opportunity
5. Global Iron & Steel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Iron & Steel Market Size and Volume Forecast by Type
5.3.1. Iron
5.3.2. Steel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Iron & Steel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Iron & Steel Market Size and Volume Forecast by Application
6.3.1. Building
6.3.2. Construction
6.3.3. Railways
6.3.4. Fertilizers
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Iron & Steel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Iron & Steel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Iron & Steel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Iron & Steel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Iron & Steel Demand Share Forecast, 2019-2029
9. North America Iron & Steel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Iron & Steel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Iron & Steel Market Size and Volume Forecast by Application
9.4.1. Building
9.4.2. Construction
9.4.3. Railways
9.4.4. Fertilizers
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Iron & Steel Market Size and Volume Forecast by Type
9.7.1. Iron
9.7.2. Steel
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Iron & Steel Demand Share Forecast, 2019-2029
10. Latin America Iron & Steel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Iron & Steel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Iron & Steel Market Size and Volume Forecast by Application
10.4.1. Building
10.4.2. Construction
10.4.3. Railways
10.4.4. Fertilizers
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Iron & Steel Market Size and Volume Forecast by Type
10.7.1. Iron
10.7.2. Steel
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Iron & Steel Demand Share Forecast, 2019-2029
11. Europe Iron & Steel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Iron & Steel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Iron & Steel Market Size and Volume Forecast by Application
11.4.1. Building
11.4.2. Construction
11.4.3. Railways
11.4.4. Fertilizers
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Iron & Steel Market Size and Volume Forecast by Type
11.7.1. Iron
11.7.2. Steel
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analyss
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Iron & Steel Demand Share, 2019-2029
12. Asia Pacific Iron & Steel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Iron & Steel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Iron & Steel Market Size and Volume Forecast by Application
12.4.1. Building
12.4.2. Construction
12.4.3. Railways
12.4.4. Fertilizers
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Iron & Steel Market Size and Volume Forecast by Type
12.7.1. Iron
12.7.2. Steel
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Iron & Steel Demand Share, 2019-2029
13. Middle East & Africa Iron & Steel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Iron & Steel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Iron & Steel Market Size and Volume Forecast by Application
13.4.1. Building
13.4.2. Construction
13.4.3. Railways
13.4.4. Fertilizers
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Iron & Steel Market Size and Volume Forecast by Type
13.7.1. Iron
13.7.2. Steel
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Iron & Steel Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Iron & Steel Market: Market Share Analysis
14.2. Iron & Steel Distributors and Customers
14.3. Iron & Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. JFE Steel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arcelor Mittal
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TATA Steel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NLMK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Harsco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. POSCO
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JSW
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ArcelorMittal
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kobe Steel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Steel Authority of India
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nippon Steel & Sumitomo Metal
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Edw. C. Levy
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook