Global Steel Products Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Steel Products Market Report by The Business Research Company covers steel products market drivers and restraints, steel products market size, major players, and the impact of COVID-19 on the steel products market.
The steel products market consists of sales of steel products by entities (organizations, sole traders and partnerships) that produce steel products such as tubes and pipes from iron and steel, shapes drawn through rolling or drawing of purchased iron or steel, and draw steel wire. The steel products market is segmented into iron and steel pipe and tube, and rolled and drawn steel.
Rapidly growing urban populations are expected to drive the demand for steel products in the forecast period. A large number of people living in rural areas are migrating to urban areas in search of a better life.
The global steel products market is expected to grow from $356.69 billion in 2020 to $406.4 billion in 2021 at a compound annual growth rate (CAGR) of 13.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $528.35 billion in 2025 at a CAGR of 7%.
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Some steel products market trends include metal manufacturing companies increasing R&D expenditure to launch new product lines. They are launching advanced products such as ultra-light alloys as opposed to commodities.
Global steel products market segments include:
1) By Type: Rolled And Drawn Steel, Iron And Steel Pipe And Tube.
2) By Application: Construction, Automotive, Energy, Packaging, Others.
3) By Product Type: Flat Steel, Long Steel, Tubular Steel, Steel Pipes, Steel Tubes.
Subsegments Covered: Rolled Steel, Drawn Steel.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global steel products market share.
Read More On The Steel Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
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The Steel Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides steel products market overviews, analyzes and forecasts market size, share, steel products market players, steel products market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The steel products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Steel Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: ArcelorMittal SA, Nippon Steel & Sumitomo Metal Corporation (NSSMC), POSCO, Baosteel, JFE Steel Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Steel Products Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Steel Products Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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