Steel Industry Data Book | Forecast 2030
Steel Industry Data Book - Stainless Steel, Carbon Steel, Electrical Steel, Weathering Steel, Sintered Steel Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030
Grand View Research’s steel industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.
Access the Global Steel Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies.
Carbon Steel Market Report Highlights
The global carbon steel market size is expected to reach USD 1,301.53 billion by 2030, expanding at a CAGR of 4.0%, according to a new report by Grand View Research, Inc.
- Based on type, the low carbon steel segment accounted for the highest revenue share of nearly 90.0% in 2022. Availability of the product at an economical cost is likely to remain a key factor driving the segment growth.
- Based on application, shipbuilding accounted for a revenue share of nearly 12.0% in 2022. The spike in shipping transportation in 2021 after the pandemic, aided market growth.
- The construction segment is projected to witness a CAGR of 4.4%, in terms of revenue, over the forecast period. A positive outlook for the construction sector especially in emerging economies is projected to drive the segment growth.
- Based on region, Asia Pacific dominated the global market with a revenue share of over 66.0% in 2022. This trend is anticipated to continue over the forecast period. Availability of labor at an economical cost and increasing industrial outputs are the primary driving factors for the product demand to propel in the region.
Stainless Steel Market Report Highlights
The global stainless steel market size is expected to reach USD 197.29 billion by 2030, registering a CAGR of 7.4% during the forecast period, according to a new report by Grand View Research, Inc.
- n terms of revenue, the Asia Pacific was the largest region in 2022 and is projected to remain the fastest-growing market during the forecast period. The region accounted for more than 68.0% of the total revenue in 2022 on account of industrial production for automotive, marine, construction, and consumer goods in the countries such as China, India, and Japan
- 300 series segment is projected to exhibit a CAGR of 7.7%, in terms of revenue, during the forecast period. The market is likely to be driven by the aerospace and marine industries on account of its properties such as thermal resistance and corrosion resistance
- Flat products segment accounted for a volume share of nearly 74.0% in 2022. The segment is projected to grow on account of the demand in consumer goods along with machinery & equipment industries, which is supported by the properties of stainless steel such as concentricity, straightness, and tolerance
Structural Steel Market Report Highlights
The global structural steel market size is expected to reach USD 162.46 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% over the forecast period.
- Based on region, Asia Pacific dominated the global market in 2022 on account of the growing infrastructural developments in the region
- The non-residential application segment is anticipated to register the fastest CAGR, in terms of revenue, over the forecast period due to the rising renovation activities and spending on infrastructure development
- The industrial sub-segment led the non-residential application in 2022. Increasing construction of lightweight industrial building systems that make use of thin sheet-covered surfaces is the recent technological development, which is driving the demand for high-strength structural steel
Electrical Steel Market Report Highlights
The global electrical steel market size is expected to reach USD 34.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.9% from 2021 to 2028.
- The grain-oriented electrical steel segment is anticipated to register a CAGR of 5.5%, in terms of revenue, over the forecast period. The growth can be attributed to the increasing production of transformers
- The motor segment is anticipated to register a CAGR of 5.2%, in terms of revenue, over the forecast period. The increasing production of electric vehicles has accelerated the manufacturing of electric motors, which in turn is expected to augment the demand for electrical steel over the coming years
- Europe is anticipated to register a CAGR of 5.5%, in terms of revenue, over the forecast period. Increasing sales of electric vehicles in the region has attracted foreign companies to set up factories in Europe, which, in turn, is expected to boost the consumption of electrical steel in the region
Order your copy of the Free Sample of “Steel Industry Data Book - Stainless Steel, Carbon Steel, Electrical Steel, Weathering Steel, Sintered Steel Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research
Weathering Steel Market Report Highlights
The global weathering steel market size is expected to reach USD 1.45 billion by 2025, exhibiting a CAGR of 5.6% during the forecast period, according to a new report published by Grand View Research, Inc.
- Building and construction segment is anticipated to progress at a CAGR of 6.2% over the forecast period, in terms of revenue on account of the rapid urbanization and rising population
- Art and architecture is the second fastest-growing segment with a CAGR of over 4.8% in terms of volume owing to the rising prominence of arts, such as sculptures and statues among others
- Europe emerged as the leading regional segment with a market share of 54.3% in terms of volume in 2018, attributed to the ideal atmospheric conditions of the region which enables easy adoption of weathering steel
- Asia Pacific was the second-largest regional market and held a revenue share of 18.9% in 2018, attributed to the need for expanding road connectivity and infrastructure
Sintered Steel Market Report Highlights
The global sintered steel market size is anticipated to reach USD 177.9 million by 2027, according to a new report by Grand View Research, Inc. It is anticipated to expand at a compound annual growth rate (CAGR) of 5% from 2020 to 2027.
- Asia Pacific is expected to register a CAGR of 3.8% in terms of volume over the forecast period. The demand is expected to remain low for 2020-2021 due to the Coronavirus (COVID-19) outbreak
- North America is expected to be the fastest growing regional segment in terms of volume, considering the establishment of automotive plants and factories in the region, with regard to the tariff concerns by the U.S. government
- Machinery and tools is anticipated to accelerate at a CAGR of 5.2%, in terms of revenue, over the forecast period, on account of increasing production of electrical appliances and cutting tools across the globe
- S. is among the key markets for sintered steel considering the tariff policies, which are propelling manufacturers to set up their components plants in the country in close proximity of the automotive manufacturers. The country accounts for a volume share of 51% of North America in 2019
Go through the table of content of Steel Industry Data Book to get a better understanding of the Coverage & Scope of the study
Competitive Landscape
Key players operating in the Steel industry are –
- Ansteel Group
- ArcelorMittal
- Baotou Steel
- China Baowu Group
- China Steel Corporation
- Cleveland-Cliffs
- Delong Steel Group
- Fangda Steel
- Gerdau S.A.
- HBIS Group
- Hyunda Liuzhou Steeli Steel
- IMIDRO
- JFE Steel Corporation
Grand View Research’s Steel Industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
