Global Carbon Steel Market 2024-2028

Description

List of Tables

The carbon steel market is forecasted to grow by USD 187.59 bn during 2023-2028, accelerating at a CAGR of 3.58% during the forecast period. The report on the carbon steel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for construction industry, increasing demand from shipbuilding industry, and increasing demand for oil and gas industry.

Technavio's carbon steel market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	3.21%
CAGR	3.58%
Incremental Value	$187.59bn

By End-user

Construction
Shipbuilding
Automotive
Transportation
Others

By Type

Low carbon steel
Medium carbon steel
High carbon steel

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the increase in adoption of sustainable manufacturing practices as one of the prime reasons driving the carbon steel market growth during the next few years. Also, increasing technological developments in global steel industry and rise in demand for carbon steel with increasing wind power installations will lead to sizable demand in the market.

The report on the carbon steel market covers the following areas:

Carbon steel market sizing
Carbon steel market forecast
Carbon steel market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading carbon steel market vendors that include Ansteel Group Corp. Ltd., ArcelorMittal, Baosteel Group Corp., Cleveland Cliffs Inc., CRH Plc, Daido Steel Co. Ltd., ERASTEEL, EVRAZ Plc, HBIS Group Co. Ltd., Hudson Tool Steel, JFE Holdings Inc., Kennametal Inc., NACHI FUJIKOSHI Corp., Nippon Steel Corp., NLMK Group, Omega Steel Co., POSCO holdings Inc., Shandong Shounuo Metal Material Co. Ltd., Tata Steel Ltd., and zq steel group Co. Ltd.. Also, the carbon steel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR40706

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global carbon steel market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global carbon steel market 2018 - 2022 ($ billion)
4.2 End-user Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Construction - Market size and forecast 2023-2028
Exhibit 34: Chart on Construction - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Construction - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Construction - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Construction - Year-over-year growth 2023-2028 (%)
6.4 Shipbuilding - Market size and forecast 2023-2028
Exhibit 38: Chart on Shipbuilding - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Shipbuilding - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Shipbuilding - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Shipbuilding - Year-over-year growth 2023-2028 (%)
6.5 Automotive - Market size and forecast 2023-2028
Exhibit 42: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
6.6 Transportation - Market size and forecast 2023-2028
Exhibit 46: Chart on Transportation - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Transportation - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Transportation - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Transportation - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by End-user
Exhibit 54: Market opportunity by End-user ($ billion)
Exhibit 55: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 56: Chart on Type - Market share 2023-2028 (%)
Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 58: Chart on Comparison by Type
Exhibit 59: Data Table on Comparison by Type
7.3 Low carbon steel - Market size and forecast 2023-2028
Exhibit 60: Chart on Low carbon steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Low carbon steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Low carbon steel - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Low carbon steel - Year-over-year growth 2023-2028 (%)
7.4 Medium carbon steel - Market size and forecast 2023-2028
Exhibit 64: Chart on Medium carbon steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on Medium carbon steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on Medium carbon steel - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Medium carbon steel - Year-over-year growth 2023-2028 (%)
7.5 High carbon steel - Market size and forecast 2023-2028
Exhibit 68: Chart on High carbon steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Data Table on High carbon steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 70: Chart on High carbon steel - Year-over-year growth 2023-2028 (%)
Exhibit 71: Data Table on High carbon steel - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
Exhibit 72: Market opportunity by Type ($ billion)
Exhibit 73: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 75: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 76: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 77: Chart on Geographic comparison
Exhibit 78: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 87: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 India - Market size and forecast 2023-2028
Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
9.10 US - Market size and forecast 2023-2028
Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 South Korea - Market size and forecast 2023-2028
Exhibit 115: Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
Exhibit 116: Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
Exhibit 117: Chart on South Korea - Year-over-year growth 2023-2028 (%)
Exhibit 118: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 119: Market opportunity By Geographical Landscape ($ billion)
Exhibit 120: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 121: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 123: Overview on factors of disruption
11.4 Industry risks
Exhibit 124: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 125: Vendors covered
12.2 Market positioning of vendors
Exhibit 126: Matrix on vendor position and classification
12.3 ArcelorMittal
Exhibit 127: ArcelorMittal - Overview
Exhibit 128: ArcelorMittal - Business segments
Exhibit 129: ArcelorMittal - Key news
Exhibit 130: ArcelorMittal - Key offerings
Exhibit 131: ArcelorMittal - Segment focus
12.4 Baosteel Group Corp.
Exhibit 132: Baosteel Group Corp. - Overview
Exhibit 133: Baosteel Group Corp. - Product / Service
Exhibit 134: Baosteel Group Corp. - Key offerings
12.5 Cleveland Cliffs Inc.
Exhibit 135: Cleveland Cliffs Inc. - Overview
Exhibit 136: Cleveland Cliffs Inc. - Product / Service
Exhibit 137: Cleveland Cliffs Inc. - Key offerings
12.6 Daido Steel Co. Ltd.
Exhibit 138: Daido Steel Co. Ltd. - Overview
Exhibit 139: Daido Steel Co. Ltd. - Business segments
Exhibit 140: Daido Steel Co. Ltd. - Key offerings
Exhibit 141: Daido Steel Co. Ltd. - Segment focus
12.7 EVRAZ Plc
Exhibit 142: EVRAZ Plc - Overview
Exhibit 143: EVRAZ Plc - Business segments
Exhibit 144: EVRAZ Plc - Key offerings
Exhibit 145: EVRAZ Plc - Segment focus
12.8 HBIS Group Co. Ltd.
Exhibit 146: HBIS Group Co. Ltd. - Overview
Exhibit 147: HBIS Group Co. Ltd. - Product / Service
Exhibit 148: HBIS Group Co. Ltd. - Key offerings
12.9 Hudson Tool Steel
Exhibit 149: Hudson Tool Steel - Overview
Exhibit 150: Hudson Tool Steel - Product / Service
Exhibit 151: Hudson Tool Steel - Key offerings
12.10 JFE Holdings Inc.
Exhibit 152: JFE Holdings Inc. - Overview
Exhibit 153: JFE Holdings Inc. - Business segments
Exhibit 154: JFE Holdings Inc. - Key news
Exhibit 155: JFE Holdings Inc. - Key offerings
Exhibit 156: JFE Holdings Inc. - Segment focus
12.11 NACHI FUJIKOSHI Corp.
Exhibit 157: NACHI FUJIKOSHI Corp. - Overview
Exhibit 158: NACHI FUJIKOSHI Corp. - Business segments
Exhibit 159: NACHI FUJIKOSHI Corp. - Key news
Exhibit 160: NACHI FUJIKOSHI Corp. - Key offerings
Exhibit 161: NACHI FUJIKOSHI Corp. - Segment focus
12.12 Nippon Steel Corp.
Exhibit 162: Nippon Steel Corp. - Overview
Exhibit 163: Nippon Steel Corp. - Business segments
Exhibit 164: Nippon Steel Corp. - Key offerings
Exhibit 165: Nippon Steel Corp. - Segment focus
12.13 NLMK Group
Exhibit 166: NLMK Group - Overview
Exhibit 167: NLMK Group - Business segments
Exhibit 168: NLMK Group - Key offerings
Exhibit 169: NLMK Group - Segment focus
12.14 Omega Steel Co.
Exhibit 170: Omega Steel Co. - Overview
Exhibit 171: Omega Steel Co. - Product / Service
Exhibit 172: Omega Steel Co. - Key offerings
12.15 POSCO holdings Inc.
Exhibit 173: POSCO holdings Inc. - Overview
Exhibit 174: POSCO holdings Inc. - Product / Service
Exhibit 175: POSCO holdings Inc. - Key offerings
12.16 Shandong Shounuo Metal Material Co. Ltd.
Exhibit 176: Shandong Shounuo Metal Material Co. Ltd. - Overview
Exhibit 177: Shandong Shounuo Metal Material Co. Ltd. - Product / Service
Exhibit 178: Shandong Shounuo Metal Material Co. Ltd. - Key offerings
12.17 zq steel group Co. Ltd.
Exhibit 179: zq steel group Co. Ltd. - Overview
Exhibit 180: zq steel group Co. Ltd. - Product / Service
Exhibit 181: zq steel group Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 182: Inclusions checklist
Exhibit 183: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 184: Currency conversion rates for US$
13.4 Research methodology
Exhibit 185: Research methodology
Exhibit 186: Validation techniques employed for market sizing
Exhibit 187: Information sources
13.5 List of abbreviations
Exhibit 188: List of abbreviations