Carbon Steel Market Size, Share Analysis, Key Companies, and Forecast To 2030

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Carbon Steel Market Size – USD 934.33 Billion in 2021, Market Growth – at a CAGR of 3.4%, Market Trends – Rising demand for carbon steel and growth of the construction industry in North America

The new report titled ‘Global Carbon Steel Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Carbon Steel market outlook over the forecast duration.

The Global Carbon Steel Market size is expected to reach USD 1,273.26 Billion in 2030 and register a steady revenue CAGR of 3.4% over the forecast period, according to latest analysis by Emergen Research. Steady carbon steel market revenue growth can be attributed to the positive outlook of the construction industry. Different forms of carbon steel have practically endless construction applications and are highly preferred for building frames in commercial, governmental, and residential structures is low-carbon steel. Low-carbon steel is used to make produce automotive components, steel pipes, bridges, nails, wires, and chains among others. Cutting tools, springs, coils, wrenches, hammers, and tools needed in construction and mechanical applications are produced using high-carbon steel due to greater hardness and durability.

The use of High-Strength, Low-Alloy (HSLA) steels contain other elements such as copper, nickel, vanadium, and molybdenum, and are frequently categorized as low-carbon steels. High-strength, low-alloy steels have greater strengths owing to heat treatment. These materials are ductile and are therefore simple to shape and machine. HSLAs are more corrosion-resistant than standard low-carbon steels.

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Top players profiled in the report include are ArcelorMittal, HBIS Group, Nippon Steel Corporation, POSCO, United States Steel Corporation, EVRAZ plc, Baosteel Group, JFE Steel Corporation, NLMK, and AK Steel International B.V.


Emergen Research has segmented the global carbon steel market on the basis of type, application, and region:

  • Type Outlook (Revenue, USD Billion; 2019-2030) (Kilo Tons)
    • Low Carbon Steel
    • Medium Carbon Steel
    • High Carbon Steel
  • Application Outlook (Revenue, USD Billion; 2019-2030) (Kilo Tons)
    • Shipbuilding
    • Construction
    • Automotive
    • Others

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  • Regional Outlook (Revenue, USD Billion; 2019-2030) (Kilo Tons)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. Italy
      5. Spain
      6. Sweden
      7. BENELUX
      8. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Israel
      5. Rest of MEA

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Key Offerings of the Report:

  • Detailed overview of market dynamics including drivers, restraints, opportunities, challenges, and growth prospects
  • Analysis of the key strategic initiatives and competitive landscape including mergers acquisitions, joint ventures, collaborations, product launches, and brand promotions, and partnerships, among others
  • Comprehensive analysis of the industry outlook and analysis of the industrial chain
  • Market forecast based on global, regional, and country-level market analysis
  • Competitive landscape benchmarking
  • In-depth analysis of the key market players with their product portfolios, financial positions, unique selling points, market share and size, and a comprehensive overview of their business

Thank you for reading this report. For further details or inquiries, please connect with us, and our team will ensure the report is tailored to meet your requirements.

About Emergen Research 

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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Corporate Sales Specialist

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Direct Line: +1 (604) 757-9756


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