Carbon steel is a steel alloyed with iron and carbon. It has a higher carbon content of 0.05% to 3.8% by weight, a lower melting point of 1425 to 1510 degrees Celsius, and is more durable than stainless steel. Carbon steel is the most widely used engineering and construction material in large-scale industrial applications such as marine structures, power plants, transportation, chemical processing, and petroleum extraction and refining. Carbon steel has higher tensile strength and hardness than stainless steel, but it is more prone to corrosion. This Global Carbon Steel Market report examines segments such as type, application, and geography.
Carbon Steel Market Scope:
This market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimisation, market share, the impact of domestic and localised market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. Please contact Stellar Market Research for an Analyst Brief for more information on the Carbon Steel market; our specialists will aid you in making an informed market choice to achieve market growth.
Carbon Steel Market Overview:
The Carbon Steel Market competitive landscape extracts information from a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market initiatives, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are only relevant to the firms' concentrate on the Carbon Steel market.
Carbon Steel Market size was valued at US$ 993.35 Billion in 2022 and the Carbon Steel Market revenue is expected to grow at 3.76% through 2023 to 2029, reaching nearly US$ 1286.22 Billion.
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Carbon Steel Market Segmentation:
of volume. During the forecast period, this segment is expected to increase at a CAGR of xx%. The density of this steel is 7.85 g/cm3 and the Young's modulus is 200 GPa (Grade Point Average).
Mild steel, also known as plain-carbon steel and low-carbon steel, is the most common form of steel due to its inexpensive cost and ability to satisfy the needs of a wide range of applications. It is an iron with a low amount of carbon that is durable but difficult to temper. Because it includes 0.05 - 0.30% carbon, this steel is malleable and ductile. This steel has a low tensile strength, but it is affordable and easy to form, and it can be carburized to improve surface hardness.
Total crude steel production in North America declined 17.6% year on year in the first half of 2020, owing primarily to a drop in steel production in the United States, which fell by 18.3%. Steel production in Mexico and Canada has decreased by 15.8% and 15.5%, respectively.
Steel production in South America fell by 19.9% year on year in the first half of 2020. Argentina's output dropped by 36.6%, Colombia's by 29.4%, and Brazil's by 17.8%, while Chile's output rose by 15.8%.
Key Players:
JFE Steel Corporation
Nippon Steel Corporation
Baosteel Group
Curtis Steel Co., Inc
Bushwick Metals LLC
ArcelorMittal SA,
Omega Steel Company
Afarak Group
HBIS Group
POSCO
AK Steel Corporation
NLMK Evraz plc
United States Steel
Tata Steel Ltd.
JSW Steel Ltd.
Steel Authority of India Ltd.
Essar Steel India Ltd.
Regional Analysis:
Individual market influencing aspects and changes in legislation in the market that effect existing and future market trends are also included in the regional component of the research. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast the market scenario for various countries.
COVID-19 Market Impact Analysis:
The research also addresses the impact of COVID-19 on the Carbon Steel market. The fundamental purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, significant trends, and industry challenges across 10 key regions. The study provides a micro and macroeconomic analysis of the total impact of COVID-19 on the Carbon Steel Market. The detailed report focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Health Insurance Market in the next few years.
Key Questions Answered in the Carbon Steel Market Report are:
- What will be the CAGR of the Carbon Steel market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Carbon Steel market?
- Which are the prominent players in the Carbon Steel market?
- What key trends are likely to emerge in the Carbon Steel market in the forecast period?
- What will be the Carbon Steel market size by 2027?
- Which company held the largest share in the Carbon Steel market in 2020?
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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