Hi, what are you looking for?
The carbon steel market size in 2022 has reached close to US$ 833 Bn. According to a recent study by Future Market Insights (FMI), the carbon steel market is forecast to rise at a CAGR of 5.1% between 2022 and 2030. The report is intended to offer an executive-level blueprint of the market to its stakeholders. It studies the growth trajectory and gauges investment feasibility across key segments.
According to the report, the carbon steel market is operating in an environment where lot of waste is generated and a huge amount of energy is consumed. The steel industry is efficiently reducing the waste through waste recovery technologies and through recycling, which has been aiding environmental causes.
The industry has adopted efficient fabrication and manufacturing process, which is reducing the energy consumption. Carbon Steel manufacturers are no longer overheating or overcooling the rolling mills allowing them to manufacture products more efficiently by consuming less energy. Steps taken towards cautious manufacturing had bode well for the market.
However, despite their efforts, the ongoing COVID-19 crisis has caused deceleration in the industrial production and disruptions in supply chain for 3 quarters of 2022. Growth recovery in the upcoming years will be backed by the increasing demand from downstream industries such as automotive, construction, and heavy engineering & equipment will drive the carbon steel market.
Request a report sample to gain comprehensive insights [email protected]
https://www.futuremarketinsights.com/reports/sample/rep-gb-307
Key Takeaways of Global Carbon Steel Market Study
“Carbon steel is used by a wide gamut of industries, which has been aiding expansion of the market despite oversupply recorded in the steel industry. Despite nose-dive growth during ongoing pandemic, the market is forecast to recover especially as leading companies move towards consolidation keeping expansion in their mind,” says FMI analyst.
Ask Us Your Questions About This Report:
https://www.futuremarketinsights.com/ask-question/rep-gb-307
Carbon Steel Market By Category
The carbon steel market is fairly consolidated, with manufacturing capacities majorly concentrated among tier-I manufacturers. While local tier-2 and tier-3 manufacturers present a stiff competition, tier-1 players leverage their distribution network and brand image in dominating the market space.
Some of the key players in the market are Nucor Corporation, ArcelorMittal, United States Steel Corporation, Baosteel Group, AK Steel Holding Corporation, EVRAZ, Hesteel Group, POSCO, Thyssenkrupp AG, JFE Holdings Corporation, etc amongst many others amongst many others. Market players have been focusing on strategic expansion and acquisition of manufacturing facilities. This strategy would help companies to expand into new markets to withstand in competitive environment.
We Offer Tailor-made Solutions to fit Your Requirements, Request Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-307
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Unit No: 1602-006 Jumeirah Bay 2 Plot No: JLT-PH2-X2A Jumeirah Lakes Towers Dubai United Arab Emirates LinkedIn| Twitter| Blogs For Sales Enquiries: [email protected] For Media Enquiries: [email protected] Website: https://www.futuremarketinsights.com
The post Carbon Steel Market | Present Scenario and witness a Growth Rate of 5.1% over the Forecast Period of 2022 and 2030 appeared first on Future Market Insights.
US Secretary of Defense Lloyd Austin says he hopes that the war in Ukraine will hobble the Russian military.
Two months into the war in Ukraine, military experts say they have been shocked about how ill-prepared Russia has been in its invasion.
The U.S. diplomats will begin a gradual return to Ukraine this week, as they announced $700 million in military aid during their first to...
Ukraine says Moscow has not agreed to its request for a humanitarian corridor to let wounded soldiers and civilians leave the steel plant.
COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Digital Journal is not responsible for the content of external sites. Read more about our external linking.