TMR_Research_Reports_2017 Steel Flat Rolled Products Market 2017 - 2025 | Page 3

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