Carbon steel which is also known by the name plain carbon steel is an alloy which is manufactured using the combination of iron and carbon. Carbon steel can be heat treated by different processes to enhance their specific properties that include by spheroidizing, full annealing, isothermal annealing, quenching, martempering and many more. Also, carbon steels are mainly classified as low carbon steel, medium carbon steel and high carbon steel depending on the carbon content in the steel alloy. Carbon steel is one of the most widely utilized steel alloys. Additionally, low carbon steel or mild steel is the most common form of carbon steel used owing to its easy availability and cheap price. Furthermore, carbon steel can be used in various end-user industries by tempering with the innate properties of a specific type of carbon steel.
Global Carbon Steel Market: Key Players
The research study includes profiles of leading companies operating in the global carbon steel market. Key players profiled in the report include: Curtis Steel Co., Inc., Omega Steel Company, Afarak Group, ArcelorMittal SA, Bushwick Metals LLC, Nippon Steel & Sumitomo Metal Corporation, Tata Steel Group, BE Group AB, AK Steel Corp. and Celsa Group.
Drivers for the Global Carbon Steel Market:
According to current market condition, rising electrical & electronics sector and development of aerospace sector are expected to drive the growth of carbon steel market over the forecast period. Also, increasing construction solutions provided by steel makers for buildings and infrastructure is expected to drive the market at a significant rate across the forecast period. Apart from this, wide scale application of steel for reinforcing bars & structural sections, roofing & insulating panels in building and infrastructure is anticipated to strengthen and drive the growth of carbon steels in the upcoming years.
Opportunities for the Global Carbon Steel Market:
Increasing adoption of light weight advanced composites for new generation aircrafts and rising environmental concerns provide momentous growth opportunities for carbon steel composites in the aircraft manufacturing industry. Moreover, increasing number of research and development activities to further the applications of carbon steel in developing regions is anticipated to positively impact the growth of the market.
Restrains for the Global Carbon Steel Market:
However, decrease in steel capacity utilization ratio, higher pricing of lightweight materials in automobiles as well as costly MRO services for carbon steel products is envisioned to hinder the growth of carbon steel market. Furthermore, superior alternative like stainless chromium-nickel steels present in the market can lower the growth rate of carbon steels over the forecast period.
Region Wise, Global Carbon Steel Market Analysis:
On the basis of region, global carbon steel market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific held the highest market share and likely to observe a lucrative growth rate during the forecast period. Expansion of shipbuilding in the recent years coupled with high industrial output from construction and automotive sectors are likely to contribute in the rising demand for the product. The shipbuilding industry in Southeast Asia and China has witnessed growing demand in several past years. Asia pacific region is followed by North America and Europe.
Global Carbon Steel Market: Product analysis
- Low carbon steel
- Medium carbon steel
- High carbon steel
Global Carbon Steel Market: Application analysis
- Infrastructure & Transport
Global Carbon Steel Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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