The newly added Steel market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2028. Further, this report also highlights smart strategy adopted by major players and also their market share. Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the steel market include ArcerolMittal (Luxemborg), POSCO (South Korea), Shangang Group (Spain), NSSMC Group (Japan), China Baowu Group (China), HBIS Group (China), Tata Steel Group (India), Nucor Corporation (US), Hyundai Steel Company (South Korea), China Steel Company (Taiwan), and others.. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
With growing construction activities in developing economies and developed, the steel demand is estimated to grow during the forecast period. The construction segment accounts for more than half of the global market in terms of value and volume. More than half of the steel produced globally goes into steel buildings and infrastructure. According to a new United Nations report, the global population is expected to grow by 2 billion persons in the next thirty years, from 7.7 billion to 9.7 billion in 2050, accompanied by rapid urbanization. This will result in the continued growth of construction and hence steel. Steel makers around the world are striving to provide construction solutions that enable energy-efficient and low-carbon-neutral buildings. The rest of the steel is consumed in mechanical equipment, automotive, metal product, domestic appliances, and electrical equipment. Emerging signs of a potential recession in the near future are predicted the hinder the steel demand.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of steel.
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Market Segmentation
The entire Steel market has been sub-categorized into type, product, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
· Flat Steel
· Long Steel
By Product
· Structural Steel
· Prestressing Steel
· Bright Steel
· Welding Wire/Rod
· Iron Steel Wire
· Ropes
· Braids
By Application
· Building & Construction
· Electrical Appliances
· Metal Products
· Welding Wire/Rod
· Metal Products
· Automotive
· Domestic Appliances
· Mechanical Equipment
· Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for steel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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