Global Steel Products Market Overview And Prospects – Includes Steel Products Market Insights
Learn about the global steel products market through The Business Research Company, which provides information on steel products market size, steel products market drivers and restraints, steel products market players, the COVID-19 impact on the steel products market, and more.
The global steel products market is expected to grow from $401.4 billion in 2021 to $434.27 billion in 2022 at a compound annual growth rate (CAGR) of 8.2%. The steel product market is expected to grow to $580.08 billion in 2026 at a CAGR of 7.5%.
Rapidly growing urban populations are expected to drive the demand for steel products in the forecast period.
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The steel products market consists of sales of steel products by entities (organizations, sole traders and partnerships) that produce steel products iron and steel, shapes are drawn through rolling or drawing of purchased iron or steel and draw steel wire.
Global Steel Products Market Segments Include:
By Type: Rolled and Drawn Steel, Iron and Steel Pipe and Tube
By Product Type: Flat Steel, Long Steel, Tubular Steel, Steel Pipes, Steel Tubes
By Application: Construction, Automotive, Energy, Packaging, Others
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 was the largest region in the steel products market in 2021.
Metal manufacturing companies are increasing R&D expenditure to launch new product lines. They are launching advanced products such as ultra-light alloys as opposed to commodities.
TBRC’s steel products market report covers:
Major Market Players: Angang Steel Company Limited, Steel Authority of India Limited, SSAB AB, Nucor Corp, Compagnie de Saint-Gobain S.A, Nippon Steel & Sumitomo Metal Corporation, Kobe Steel Ltd, Vallourec SA, Voestalpine AG, and Mechel PAO.
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 (2016-21) and ten years forecast (2022-2026-2031)
The Steel Products Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.
TBRC’s steel products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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