The global steel billets market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 5.2 billion by 2030. The growth of the market can be attributed to the increasing demand for steel billets in construction and machinery applications, owing to their high strength and durability properties. The demand for steel billets in automobile applications is also expected to increase due to their low weight and high strength properties, which make them suitable for use in automobiles such as cars, trucks, buses, and trains.
North America accounted for the largest share of the global steel billets market in 2017 with a share of 39%. This can be attributed to its large population base as well as its economic stability which has led it towards being one of the most developed regions globally. Asia Pacific is projected to witness significant growth during the forecast period due to its rapidly developing economies such as China and India that are leading towards an increased demand for steel products across various industries including construction and machinery application segments.
Some Of The Growth Factors Of This Market:
- Increasing demand for steel billet from the construction industry.
- Increasing demand for steel billet from the automotive industry.
- Increasing demand for steel billet from the aerospace industry.
- Rising prices of raw materials used in production of steel billets.
- Rising wages in China.
Industry Growth Insights published a new data on “Steel Billet Market”. The research report is titled “Steel Billet Market research by Types (Slab Billet, Square Billet), By Applications (Construction, Machinery, Automobile, Others), By Players/Companies Baosteel, HBIS Group, Shagang Group, Anshan Steel, Shougang Group, Shandong Iron & Steel Group, Jianlong Group, Valin Group, Masteel, Benxi Iron & Steel (Group), CSC, Rizhao Steel, Qian'an Jiujiang Wire Rod, Rongmao Industrial Group, Hebei Xinda, Rockcheck Group, Huaxi Steel, Tangshan Universal Industrial Development, Hebei Steel, Baosteel, Shagang Group, Shandong Iron & Steel Group, Liuzhou Iron & Steel Group, TISCO, NISCO, Hebei Jinxi Iron and Steel”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Billet Market Research Report
By Type
Slab Billet, Square Billet
By Application
Construction, Machinery, Automobile, Others
By Companies
Baosteel, HBIS Group, Shagang Group, Anshan Steel, Shougang Group, Shandong Iron & Steel Group, Jianlong Group, Valin Group, Masteel, Benxi Iron & Steel (Group), CSC, Rizhao Steel, Qian'an Jiujiang Wire Rod, Rongmao Industrial Group, Hebei Xinda, Rockcheck Group, Huaxi Steel, Tangshan Universal Industrial Development, Hebei Steel, Baosteel, Shagang Group, Shandong Iron & Steel Group, Liuzhou Iron & Steel Group, TISCO, NISCO, Hebei Jinxi Iron and Steel
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Steel Billet Market Report Segments:
The global Steel Billet market is segmented on the basis of:
Types
Slab Billet, Square Billet
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
Construction, Machinery, Automobile, 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:
- Baosteel
- HBIS Group
- Shagang Group
- Anshan Steel
- Shougang Group
- Shandong Iron & Steel Group
- Jianlong Group
- Valin Group
- Masteel
- Benxi Iron & Steel (Group)
- CSC
- Rizhao Steel
- Qian'an Jiujiang Wire Rod
- Rongmao Industrial Group
- Hebei Xinda
- Rockcheck Group
- Huaxi Steel
- Tangshan Universal Industrial Development
- Hebei Steel
- Baosteel
- Shagang Group
- Shandong Iron & Steel Group
- Liuzhou Iron & Steel Group
- TISCO
- NISCO
- Hebei Jinxi Iron and Steel
Highlights of The Steel Billet 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:
- Slab Billet
- Square Billet
- By Application:
- Construction
- Machinery
- Automobile
- 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 Steel Billet 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.
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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?
Steel billets are a type of steel that is shaped into small blocks. These blocks are then heated and pressed together to create a metal sheet.
Some of the major players in the steel billet market are Baosteel, HBIS Group, Shagang Group, Anshan Steel, Shougang Group, Shandong Iron & Steel Group, Jianlong Group, Valin Group, Masteel, Benxi Iron & Steel (Group), CSC, Rizhao Steel, Qian'an Jiujiang Wire Rod, Rongmao Industrial Group, Hebei Xinda, Rockcheck Group, Huaxi Steel, Tangshan Universal Industrial Development, Hebei Steel, Baosteel, Shagang Group, Shandong Iron & Steel Group, Liuzhou Iron & Steel Group, TISCO, NISCO, Hebei Jinxi Iron and Steel.
The steel billet market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steel Billet 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. Steel Billet Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steel Billet Market - Supply Chain
4.5. Global Steel Billet Market Forecast
4.5.1. Steel Billet Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steel Billet Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steel Billet Market Absolute $ Opportunity
5. Global Steel Billet 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. Steel Billet Market Size and Volume Forecast by Type
5.3.1. Slab Billet
5.3.2. Square Billet
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steel Billet 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. Steel Billet Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Machinery
6.3.3. Automobile
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steel Billet 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. Steel Billet 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 Steel Billet 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. Steel Billet 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 Steel Billet Demand Share Forecast, 2019-2026
9. North America Steel Billet 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 Steel Billet 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 Steel Billet Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Machinery
9.4.3. Automobile
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steel Billet Market Size and Volume Forecast by Type
9.7.1. Slab Billet
9.7.2. Square Billet
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 Steel Billet Demand Share Forecast, 2019-2026
10. Latin America Steel Billet 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 Steel Billet 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 Steel Billet Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Machinery
10.4.3. Automobile
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steel Billet Market Size and Volume Forecast by Type
10.7.1. Slab Billet
10.7.2. Square Billet
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 Steel Billet Demand Share Forecast, 2019-2026
11. Europe Steel Billet 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 Steel Billet 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 Steel Billet Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Machinery
11.4.3. Automobile
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steel Billet Market Size and Volume Forecast by Type
11.7.1. Slab Billet
11.7.2. Square Billet
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Prduct Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Steel Billet Demand Share, 2019-2026
12. Asia Pacific Steel Billet 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 Steel Billet 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 Steel Billet Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Machinery
12.4.3. Automobile
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steel Billet Market Size and Volume Forecast by Type
12.7.1. Slab Billet
12.7.2. Square Billet
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 Steel Billet Demand Share, 2019-2026
13. Middle East & Africa Steel Billet 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 Steel Billet 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 Steel Billet Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Machinery
13.4.3. Automobile
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steel Billet Market Size and Volume Forecast by Type
13.7.1. Slab Billet
13.7.2. Square Billet
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 Steel Billet Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steel Billet Market: Market Share Analysis
14.2. Steel Billet Distributors and Customers
14.3. Steel Billet Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baosteel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HBIS Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shagang Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Anshan Steel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shougang Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shandong Iron & Steel Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jianlong Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Valin Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Masteel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Benxi Iron & Steel (Group)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CSC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Rizhao Steel
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Qian'an Jiujiang Wire Rod
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Rongmao Industrial Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hebei Xinda
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Rockcheck Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Huaxi Steel
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Tangshan Universal Industrial Development
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Hebei Steel
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Baosteel
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
