and these type of products primarily serves the purpose of corrosion resistance. Cold rolled coils have extensive application in car body parts and in these cases corrosion resistance is not primary objective; rather maintaining certain level of strength to weight ratio is the prerequisite. 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.
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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 key market players are Alstom SA, Babcock Noell GmbH, Babcock & Wilcox Company, China Environment, Burns & McDonnell, FLSmidth & CO, Doosan Power Systems, Haldor Topsøe, Fuel Tech and Mitsubishi Heavy Industries among others. The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about