Data Bridge Market Research analyses that the carbon steel market was valued at USD 1,873.56 nillion in 2021 and would reach an estimated value of USD 2,124.33 billion by the end of the forecast period at a CAGR of 4.0% during the forecast period. Data Bridge Market Research report on market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. The carbon steel market report analyses the growth that is currently rising due to the construction industry's increasing growth worldwide.
Market Definition
Carbon steel is an alloy composed of steel and carbon, with carbon content greater than 2.1 percent. Carbon steel can be heat treated in a variety of ways to improve its basic properties, including spheroidizing, full annealing, isothermal annealing, quenching, martempering, and many others. Carbon steel can be used in a variety of end-use industries by tempering with the inherent properties of a specific type of carbon steel.
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Some of the major players operating in the carbon steel market are:
- NACHI-FUJIKOSHI CORP. (Japan)
- Daido Steel (Japan)
- voestalpine High Performance Metals GmbH (Austria)
- Sandvik AB (Sweden)
- Kennametal Inc. (US)
- Hudson Tool Steel Corporation (US)
- ERASTEEL (France)
- ArcelorMittal (Luxembourg)
- Baosteel Group Corporation (China)
- POSCO (South Korea)
- Nippon Steel & Sumitomo Metal Corporation (Japan)
- JFE Holdings, Inc. (Japan)
- TATA Steel Ltd.(India)
- United States Steel (U.S.)
- Angang Steel Company Limited (China)
- Gerdau SA (Brazil)
- Maanshan Iron and Steel Company Limited (China)
Scope of the Carbon Steel Market Report:
The carbon steel market is segmented on the basis of type, product, shape, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Low carbon steel
- Medium carbon steel
- High carbon steel
- Ultra-high carbon steel
- Others
Product
Shape
- Long steel
- Tabular steel
- Flat steel
Application
- Building and construction
- Automotive
- Shipbuilding
- Others
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Carbon Steel Market Regional Analysis/Insights
The Carbon Steel market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Carbon Steel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Carbon Steel within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Carbon Steel market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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