Steel Flat Rolled Products Market Research Report and Forecast Steel Flat Rolled Products Market - Global Industr | Page 2

Hence, cold-rolled steel have their maximum application in seat belt components
and auto transmission components. Hence, growing market share of automotive
industry in advanced and emerging economies is triggering the growth prospect of
steel flat rolled products market during the forecast period.
Steel flat rolled products market is segmented on the basis of end users industry
and the segments are construction, infrastructure and transport, consumer goods,
packaging, automobile and defense. Construction segment held the largest market
share in recent days. Steel flat rolled products are generally used in residential and
commercial buildings as roofing, walling and ceiling materials. With the rising
manufacturing of residential and non-residential buildings, market for steel flat
rolled products is expected to follow steep growth rate during the forecast period.
On the basis of geographic locations, global steel flat rolled products market is
segmented into five regions such as North America, Europe, Asia Pacific, Middle East
and Africa (MEA) and Latin America. North America and Europe held considerable
market share in steel flat rolled product market as these regions have higher
concentration of industries including real estate sector. Key automobile
manufactures belong to these regions thus increasing the use of steel products as
auto parts. However, Asia Pacific is the fastest growing segment as this region
consists of emerging economies such as China, India which have their increasing
share on construction, renewable energy sources and automotive sectors.
Some of the key market players are POSCO, United States Steel, ArcelorMittal, JFE
Steel, Shanghai Baosteel Group and others.
The report offers a comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a
repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
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