Global Flat Steel Market – Industry Trends and Forecast to 2031

Análisis y tamaño del mercado de acero plano

El crecimiento del mercado de acero plano está impulsado por los avances en las tecnologías de producción, como el acero avanzado de alta resistencia (AHSS) y la automatización de los procesos de fabricación. Las innovaciones incluyen la colada continua y las técnicas avanzadas de recubrimiento. El aumento de la demanda en los sectores de la automoción, la construcción y los electrodomésticos impulsa la expansión del mercado. Estas tecnologías mejoran el rendimiento, reducen los costos y cumplen con los estándares cambiantes de la industria, lo que fomenta un crecimiento significativo.

El tamaño del mercado mundial de acero plano se valoró en USD 572.00 mil millones en 2023 y se proyecta que alcance los USD 904.82 mil millones para 2031, con una CAGR del 5,90% durante el período de pronóstico de 2024 a 2031. Además de los conocimientos sobre escenarios de mercado como el valor de mercado, la tasa de crecimiento, la segmentación, la cobertura geográfica y los principales actores, los informes de mercado seleccionados por Data Bridge Market Research también incluyen un análisis experto en profundidad, producción y capacidad por empresa representada geográficamente, diseños de red de distribuidores y socios, análisis detallado y actualizado de tendencias de precios y análisis deficitario de la cadena de suministro y la demanda.

Alcance del informe y segmentación del mercado

Definición de mercado

El acero plano se refiere a productos de acero con una superficie plana y lisa, generalmente en forma de láminas, placas o bobinas. Se produce mediante procesos como el laminado en caliente o el laminado en frío y se utiliza ampliamente en las industrias de la construcción, la automoción y la fabricación. Las aplicaciones comunes incluyen componentes estructurales, piezas de maquinaria y carcasas de electrodomésticos.

Dinámica del mercado de aceros planos

Conductores

• Crecimiento de la industria de la construcción

La creciente industria de la construcción impulsa significativamente el mercado de acero plano debido al aumento de la urbanización y el desarrollo de infraestructura. Por ejemplo, los proyectos a gran escala, como las ciudades inteligentes y los edificios de gran altura, requieren cantidades sustanciales de acero plano para los marcos de los edificios, los techos y otros elementos estructurales. En países como China e India, el rápido crecimiento urbano y los amplios proyectos de infraestructura, como las autopistas y los puentes, impulsan aún más la demanda de productos de acero plano.

• Mayor atención a la eficiencia energética

El aumento de la atención a la eficiencia energética impulsa el mercado del acero plano, ya que aumenta la demanda de acero plano ligero y de alta resistencia que se utiliza en edificios y vehículos energéticamente eficientes. Por ejemplo, la industria automotriz adopta cada vez más acero avanzado de alta resistencia (AHSS) para fabricar vehículos más livianos, lo que mejora la eficiencia del combustible y reduce las emisiones. De manera similar, el sector de la construcción utiliza acero plano en edificios modernos y energéticamente eficientes para mejorar el rendimiento estructural y la eficiencia térmica, lo que impulsa aún más el crecimiento del mercado.

Oportunidades

• Innovaciones tecnológicas en el procesamiento del acero

Las innovaciones tecnológicas en el procesamiento del acero, como las tecnologías de recubrimiento avanzadas y los aceros de baja aleación y alta resistencia (HSLA), mejoran significativamente el rendimiento y la durabilidad del acero plano. Por ejemplo, los aceros HSLA se utilizan en la industria automotriz para producir vehículos más livianos y resistentes, lo que mejora la eficiencia del combustible y la seguridad. Estos avances amplían las aplicaciones del acero plano y crean nuevas oportunidades de mercado en sectores como la construcción, la fabricación y la industria automotriz.

• Manufactura y expansión industrial

Manufacturing and industrial expansion significantly drive the flat steel market by increasing demand for machinery parts, equipment, and industrial processes. For instance, the rise in the production of heavy machinery for agriculture and construction sectors boosts the need for durable flat steel components. As industries modernize and expand, the requirement for high-quality, reliable steel grows, creating substantial opportunities for market players to supply essential materials for diverse manufacturing applications.

 Restraints/Challenges

• Volatility in Raw Material Prices

Volatility in raw material prices, particularly iron ore and coal, can severely hinder the flat steel market. Geopolitical tensions, trade policies, and natural disasters contribute to these price fluctuations, leading to unpredictable manufacturing costs. This unpredictability can erode profit margins and create financial instability for manufacturers, making it challenging to plan and sustain operations effectively in the long term.

• Competition from Alternative Materials

The flat steel market faces significant challenges from the growing use of alternative materials such as aluminum, composites, and high-strength plastics. These materials are often favored for their lighter weight and unique properties, reducing the demand for flat steel in various applications. This shift poses a substantial threat to the market, as it can lead to decreased sales and profitability for steel manufacturers struggling to compete with these advanced alternatives.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In June 2022, Nippon Steel Corporation introduced a 30-year service life warranty program for ZEXEED, its high corrosion-resistant coated steel. This warranty covers perforation caused by corrosion for products meeting specific criteria, enhancing customer service efficiency
• In April 2021, Nippon Steel Corporation launched ZAM-EX, a highly corrosion-resistant coated flat steel sheet for the global market. This product development aims to bolster the company's market competence
• In March 2021, ArcelorMittal introduced XCarb, an initiative to reduce CO2 emissions in steel manufacturing. The company invested in various initiatives to progress towards carbon-neutral steel
• In October 2020, ArcelorMittal Europe announced a CO2 technology strategy to produce green steel solutions. This initiative aims to achieve a 30% CO2 emissions reduction target by 2030 and net zero by 2050. Projects are being implemented at almost all flat product sites to use gases from different sources for blast furnace injection, reducing CO2 emissions

Flat Steel Market Scope

The market is segmented on the basis of product type, material, process and end use sector. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Slabs
• Hot-Rolled Coil
• Cold-Rolled Coil
• Sheets and Strips
• Tinplate
• Coated Steel
• Others

 Process

• Basic Oxygen Furnace
• Electric Arc Furnace

 Material

• Carbon Steel
• Alloy Steel
• Stainless Steel
• Tool Steel

 End Use Sector

• Building and Infrastructure
• Mechanical Equipment
• Automotive and Other Transport
• Consumer Goods and Appliances
• Oil and Gas
• Energy
• Others

Flat Steel Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by product type, material, process and end use sector as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the flat steel market due to the increasing growth of the construction industry in the region. This surge is driven by significant investments in infrastructure projects, rising urbanization, demand for flat steel plate, and robust demand for residential and commercial buildings, leading to a higher consumption of flat steel products.

Asia-Pacific is expected to hold the largest growth rate in the flat steel market due to its growing industrial sector and substantial infrastructure development. The region's vast population is driving increased demand for flat steel products, essential for construction and manufacturing. Favorable government policies and investments further support this growth.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Flat Steel Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

• ArcelorMittal (Luxembourg)
• NIPPON STEEL CORPORATION (Japan)
• United States Steel Corporation (U.S.)
• Tata Steel (India)
• POSCO (South Korea)
• Jiangsu Shagang Group (China)
•  shougang (China)
• China Ansteel Group Corporation Limited (China)
• SSAB (Sweden)
• JFE Steel Corporation (Japan)
• BlueScope Steel Limited (Australia)
• HBIS GROUP (China)
• thyssenkrupp AG (Germany)
• voestalpine Stahl GmbH (Austria)
• SAIL (India)
• China lucky steel Co.,Ltd. (Taiwan)
• METINVEST (Ukraine)
• JSW (India)

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