Global Carbon Steel Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

Industry : Chemical and Material Date : January 19th, 2018
Tutorials Get 15% Discount on First Report

The global consumption of carbon steel market is expected to grow significantly from 1257.4 million ton in 2016, to 1,569.1 million ton in 2023, at a CAGR of 3.2% from 2017 to 2023. The growth of the Carbon steel across the globe is primarily driven by high demand for the steel alloy in the construction, railway and ship industry. The years used for the assessment are as follows;

  • Historical year   : 2013, 2014, 2015
  • Base year            : 2016
  • Forecast period : 2017 – 2023

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources.
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them.
  • Study of past trends in the market and their year on year Impact on the market size and share.
  • Analyzing the collected data points.
  • Bridging the data points to calculate the total carbon steel market and it various segments.
  • Anticipating potential risks.
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the carbon steel market.
  • Finalizing the overall size and share for the global carbon steel market.

OBJECTIVES:

  • To classify the global carbon steel market into segments by Carbon Content, Application, End-Use, Consumables, Region and analyze their growth prospects individually.
  • To analyze market trends, opportunities, drivers and restraints associated with the carbon steel market.
  • Profiling key companies operating in the global carbon steel market.
  • To study market response with respect to the mergers and acquisitions in the industry.

MARKET SCOPE

The research scope for global carbon steel market is as follows:

By Type

  • Low (0.3%)
  • Medium (0.3-0.6%)
  • High (>0.6%)

By Application

  • Knives and Saw Blades
  • Chains
  • Wear Parts
  • Pneumatic Drill Bits
  • Railway Wheels
  • Shear Blades
  • Others

By End-Use

  • Automotive
  • Ship Building
  • Construction
  • Machinery
  • Rail Transport
  • Oil and Gas
  • Others

By Consumables

  • Electrodes
  • Solid Wires
  • Cored Wires
  • Fluxes
  • Sheets
  • Others 

By Region 

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa (MEA)
  • South America

The global consumption of carbon steel market stood at 1,257.4 million ton in 2016, is expected to reach 1,569.1 million ton by 2023, registering a CAGR of 3.2 % from 2017 to 2023. The key factor driving the growth of the carbon steel markets includes an increasing demand from construction industry, primarily in developing nations and the increase in urbanization coupled with the growing economies primarily in APAC region. Properties of carbon steel makes it preferred material to manufacture wide range of tools including hacksaw blades, knives, shear blades, Wear Parts, pneumatic drill bits brackets, braces, rail parts and chains.

Steel carbon provides high level of hardness and metal wear resistance making it preferred steel across various end-user industries. High carbon steel is also preferred by many manufacturers who create metal cutting tools or press machinery that must bend and form metal. The industry uses advanced technologies and techniques to increase production yield rates and to facilitate the use of by-products. Steel products naturally contribute to resource conservation through their lightweight potential, durability and recyclability.

The low carbon steel is accounted to hold the largest share of carbon steel market in 2016. The high consumption of low carbon steel in construction application such as rolled structural sections; round bars and roof covering drive its demand globally. The construction application is accounted for the highest consumption of carbon steel. The continuously increasing population is accompanied by rapid urbanization. The need for buildings and infrastructure would continue to grow worldwide over the coming years driving the demand for carbon steel.

Geographically, Asia-Pacific is the largest market for carbon steel market in 2016. India’s carbon steel demand witnessed high growth over the past few years. The demand for carbon steel is supported by infrastructure and a series of consumption and investment-boosting reforms, including the “Make in India” initiative leading to increased FDI. Europe carbon steel market is driven by growing usage of carbon steel in mechanical engineering sector. Presence of large automotive OEMs propels the growth of carbon steel market in the region. Key challenges for the European carbon steel industry include inter-material competition and steel product innovation. Demand for carbon steel in North America is primarily owned to growing oil and gas industry and rise in steel-intensive infrastructure investment. Carbon steel demand in Mexico is supported by demand from the flourishing automotive sector. Economic recovery in the South America region has led to moderately demand for carbon steel in 2017.

Some of the leading players in global carbon steel market include Curtis Steel Co Inc., Arcelor Mittal SA, Omega steel Co., Bushwick Metal LLC, Afarak Group, POSCO, Tata Steel, Nippon Steel & Sumitomo Metal, Jiangsu Shagang among others.

Global Carbon Steel Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market breakdown, By Carbon Content

1.2.2. Market breakdown, By Application

1.2.3. Market breakdown, By End-Use

1.2.4. Market breakdown, By Consumables

1.2.5. Market breakdown, By Region

1.3. Research Methodology

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Value Chain Analysis

2.3. Landscape

2.3.1. Market Share

2.3.2. Opportunities

    2.3.2.1. Development of new technologies reducing the cost of manufacturing process

    2.3.2.2. Installation of large scale tidal power plants creating ample of opportunity for carbon steel market

    2.3.2.3. Construction of energy-efficient and low-carbon-neutral building

        2.3.3. Trends

            2.3.3.1. Manufacturers’ and metal producer producing lightweight steel structure

            2.3.3.2. Usage of material with high efficiency and recyclability

        2.3.4. Growth Drivers

    2.3.4.1. The increase in urbanization coupled with the growing economies primarily in APAC region

    2.3.4.2. An increasing demand from construction industry primarily from developing nations

    2.3.4.3. Focus on establishing industrial sustainable development

2.3.5. Impact Analysis of Drivers on Future Forecast of the Market

2.3.6. Restraints of the Market

                   2.3.6.1. Ductile property restraining steel uses in some industry

        2.3.7. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. Regulatory Affairs

3.2. Competitive Analysis

3.3. Investment Analysis

3.4. Recommendations

CHAPTER 4. Global Carbon Steel Market Size and Forecast (2013 – 2023)

4.1. Global Carbon Steel Market, By Carbon Content

4.1.1. Low (0.3%)

4.1.2. Medium (0.3-0.6%)

4.1.3. High (>0.6%)

4.2. Global Carbon Steel Market, By Application

4.2.1. Knives and Saw Blades

4.2.2. Chains

4.2.3. Wear Parts

4.2.4. Pneumatic Drill Bits

4.2.5. Railway Wheels

4.2.6. Shear Blades

4.2.7. Others

4.3. Global Carbon Steel Market, By End-Use

4.3.1. Automotive

4.3.2. Ship Building

4.3.3. Construction

4.3.4. Machinery

4.3.5. Rail Transport

4.3.6. Oil and Gas

4.3.7. Others

4.4. Global Carbon Steel Market, By Consumables

4.4.1. Electrodes

4.4.2. Solid Wires

4.4.3. Cored Wires

4.4.4. Fluxes

4.4.5. Sheets

4.4.6. Others

4.5. Global Carbon Steel Market, By Region

4.5.1. North America

4.5.2. Europe

4.5.3. Asia-Pacific

4.5.4. Middle East and Africa (MEA)

4.5.5. South America

CHAPTER 5. Global Carbon Steel Market, By Geography

5.1. North America Carbon Steel Market

5.1.1. North America Carbon Steel Market, By carbon content (Million Ton)

5.1.2. North America Carbon Steel Market, By Carbon content (USD Million)

5.1.3. North America Carbon Steel Market, By Application (Million Ton)

5.1.4. North America Carbon Steel Market, By Application (USD Million)

5.1.5. North America Carbon Steel Market, By End-Use (Million Ton)

5.1.6. North America Carbon Steel Market, By End-Use (USD Million)

5.1.7. North America Carbon Steel Market, By Consumables (Million Ton)

5.1.8. North America Carbon Steel Market, By Consumables (USD Million)

5.1.9. North America Carbon Steel Market, By Country

                  5.1.9.1. The U.S.

5.1.9.1.1. U.S. Carbon Steel Market Size (Million Ton)

5.1.9.1.2. U.S. Carbon Steel Market Size (USD Million)

                 5.1.9.2. Canada

5.1.9.2.1. Canada Carbon Steel Market Size (Million Ton)

5.1.9.2.2. Canada Carbon Steel Market Size (USD Million)

                 5.1.9.3. Mexico

5.1.9.3.1. Mexico Carbon Steel Market Size (Million Ton)

5.1.9.3.2. Mexico Carbon Steel Market Size (USD Million)

5.2. Europe Carbon Steel Market

5.2.1. Europe Carbon Steel Market, By Carbon Content(Million Ton)

5.2.2. Europe Carbon Steel Market, By Carbon Content (USD Million)

5.2.3. Europe Carbon Steel Market, By Application (Million Ton)

5.2.4. Europe Carbon Steel Market, By Application (USD Million)

5.2.5. Europe Carbon Steel Market, By End-Use (Million Ton )

5.2.6. Europe Carbon Steel Market, By End-Use (USD Million)

5.2.7. Europe Carbon Steel Market, By Consumables (Million Ton )

5.2.8. Europe Carbon Steel Market, By Consumables (USD Million)

5.2.9. Europe Carbon Steel Market, By Country

                  5.2.9.1. Germany

5.2.9.1.1. Germany Carbon Steel Market Size (Million Ton)

5.2.9.1.2. Germany Carbon Steel Market Size (USD Million)

                5.2.9.2. France

5.2.9.2.1. Germany Carbon Steel Market Size (Million Ton)

5.2.9.2.2. Germany Carbon Steel Market Size (USD Million)

                5.2.9.3. Spain

                               5.2.9.3.1. Spain Carbon Steel Market Size (Million Ton)

                               5.2.9.3.2. Spain Carbon Steel Market Size (USD Million)

                5.2.9.4. Italy

5.2.9.4.1. Italy Carbon Steel Market Size (Million Ton)

5.2.9.4.2. Italy Carbon Steel Market Size (USD Million)

                5.2.9.5. Poland

5.2.9.5.1. Poland Carbon Steel Market Size (Million Ton)

5.2.9.5.2. Poland Carbon Steel Market Size (USD Million)

                5.2.9.6. Turkey

5.2.9.6.1. Turkey Carbon Steel Market Size (Million Ton)

5.2.9.6.2. Turkey Carbon Steel Market Size (USD Million)

                5.2.9.7. Rest of Europe

5.2.9.7.1. Rest of The Europe Carbon Steel Market Size (Million Ton)

5.2.9.7.2. Rest of The Europe Carbon Steel Market Size (USD Million)

5.3. Asia-Pacific Carbon Steel Market

5.3.1. Asia-Pacific Carbon Steel Market, By Carbon Content (Million Ton)

5.3.2. Asia-Pacific Carbon Steel Market, By Carbon Content (USD Million)

5.3.3. Asia-Pacific Carbon Steel Market, By Application (Million Ton)

5.3.4. Asia-Pacific Carbon Steel Market, By Application (USD Million)

5.3.5. Asia-Pacific Carbon Steel Market, By End-Use (Million Ton)

5.3.6. Asia-Pacific Carbon Steel Market, By End-Use (USD Million)

5.3.7. Asia-Pacific Carbon Steel Market, By Consumables (Million Ton)

5.3.8. Asia-Pacific Carbon Steel Market, By Consumables (USD Million)

5.3.9. Asia-Pacific Carbon Steel Market, By Country

                  5.3.9.1. China

5.3.9.1.1. China Carbon Steel Market Size (Million Ton)

5.3.9.1.2. China Carbon Steel Market Size (USD Million)

                5.3.9.2. Japan

5.3.9.2.1. Japan Carbon Steel Market Size (Million Ton)

5.3.9.2.2. Japan Carbon Steel Market Size (USD Million)

                5.3.9.3. India

5.3.9.3.1. India Carbon Steel Market Size (Million Ton)

5.3.9.3.2. India Carbon Steel Market Size (USD Million)

                5.3.9.4. South Korea

5.3.9.4.1. South Korea Carbon Steel Market Size (Million Ton)

5.3.9.4.2. South Korea Carbon Steel Market Size (USD Million)

                5.3.9.5. Taiwan

5.3.9.5.1. Taiwan Carbon Steel Market Size (Million Ton)

5.3.9.5.2. Taiwan Carbon Steel Market Size (USD Million)

                5.3.9.6. Rest of Asia-Pacific

       5.3.9.6.1. Rest of Asia-Pacific Carbon Steel Market Size (Million Ton)

       5.3.9.6.2. Rest of Asia-Pacific Carbon Steel Market Size (USD Million)

5.4. MEA Carbon Steel Market

5.4.1. MEA Carbon Steel Market, By Carbon Content (Million Ton)

5.4.2. MEA Carbon Steel Market, By Carbon Content (USD Million)

5.4.3. MEA Carbon Steel Market, By Application (Million Ton)

5.4.4. MEA Carbon Steel Market, By Application (USD Million)

5.4.5. MEA Carbon Steel Market, By End-Use (Million Ton)

5.4.6. MEA Carbon Steel Market, By End-use (USD Million)

5.4.7. MEA Carbon Steel Market, By Consumables (Million Ton)

5.4.8. MEA Carbon Steel Market, By Consumables (USD Million)

5.4.9. MEA Carbon Steel Market, By Region

                   5.4.9.1. Iran

 5.4.9.1.1. Iran Carbon Steel Market Size (Million Ton)

 5.4.9.1.2. Iran Carbon Steel Market Size (USD Million)

                 5.4.9.2. UAE

5.4.9.2.1. UAE Carbon Steel Market Size (Million Ton)

5.4.9.2.2. UAE Carbon Steel Market Size (USD Million)

                5.4.9.3. South Africa

5.4.9.3.1. South Africa Carbon Steel Market Size (Million Ton)

5.4.9.3.2. South Africa Carbon Steel Market Size (USD Million)

                5.4.9.4. Rest of MEA

5.4.9.4.1. Rest of MEA Carbon Steel Market Size (Million Ton)

5.4.9.4.2. Rest of MEA Carbon Steel Market Size (USD Million)

5.5. South America Carbon Steel Market

5.5.1. South America Carbon Steel Market, By Carbon Content (Million Ton)

5.5.2. South America Adhesive And Sealants Market, By Carbon Content (USD Million)

5.5.3. South America Carbon Steel Market, By Application (Million Ton)

5.5.4. South America Carbon Steel Market, By Application (USD Million)

5.5.5. South America Carbon Steel Market, By End-Use (Million Ton)

5.5.6. South America Carbon Steel Market, By End-Use (USD Million)

5.5.7. South America Carbon Steel Market, By Consumables (Million Ton)

5.5.8. South America Carbon Steel Market, By Consumables (USD Million)

5.5.9. South America Carbon Steel Market, By Region

   5.5.9.1. Brazil

 5.5.9.1.1. Brazil Carbon Steel Market Size (Million Ton)

 5.5.9.1.2. Brazil Carbon Steel Market Size (USD Million)

 5.5.9.2. Argentina

5.5.9.2.1. Argentina Carbon Steel Market Size (Million Ton)

5.5.9.2.2. Argentina Carbon Steel Market Size (USD Million)

5.5.9.3. Rest of South America

5.5.9.3.1. Rest of South America Carbon Steel Market Size (Million Ton)

5.5.9.3.2. Rest of South America Carbon Steel Market Size (USD Million)

CHAPTER 6. Competitive Analysis

6.1. Company Market Share Analysis (2016)

6.2. Porters Five Forces Analysis

6.2.1. Bargaining Power of Buyers

6.2.2. Bargaining Power of Suppliers

6.2.3. Threat of New Entrants

6.2.4. Intensity of Rivalry

6.2.5. Threat of Substitutes

CHAPTER 7. Key Players and Strategic Developments

7.1. Curtis Steel Co Inc.

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Arcelor Mittal SA

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Omega steel Co.

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Bushwick Metal LLC

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Afarak Group

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Development

7.6. POSCO

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Tata Steel

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Nippon Steel & Sumitomo Metal

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Jiangsu Shagang

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

Global Carbon Steel Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023