Steel Processing Industry 2022-2030
Market Research Future (MRFR) assessed the global Steel Processing Market 2022 across the evaluation period 2022-2030. The global steel processing market value can touch about USD 578.5 Bn by 2025, states MRFR.
Key Players
ThyssenKrupp AG (Germany), Tata Steel (India), SAIL (India), Severstal PAO (Russia), SHAGANG GROUP Inc. (China), Bridon-Bekaert (UK), HBIS GROUP (China), Maanshan Iron Steel Company Limited (China), United States Steel (US), KOBE STEEL, LTD. (Japan), ArcelorMittal (Luxembourg), Gerdau S/A (Brazil), Baosteel Group (China), JFE Holdings (Japan), Hyundai Steel (South Korea), and NIPPON STEEL CORPORATION (Japan) are some reputed players in the steel processing market that are enlisted by MRFR.
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The increasing demand for high grade steel can favor the expansion of the steel processing market across the analysis period. The availability of machinery to eliminate impurities, such as; nitrogen, carbon, silicon, and phosphorus from the iron ore that is used for steel manufacturing can further favor the market. The easy of procuring and blending iron with alloy metal, such as nickel, manganese, and chromium can cause the steel processing market to surge.
Rapid globalization, increase in steel trading, and urbanization are some other factors that are expected to improve the steel processing market impetus. The rise in consumption of steel across the construction industry due to welding ability, high ductility, anti-corrosive, and high strength of steel can favor the market expansion. In addition, the growing utility of steel across cash-rich industries, such as marine, automotive, and aerospace defense can churn-up high revenue for the steel processing market in the review period.
Market Segmentation
The segment assessment of the global steel processing market is done by product type, material type, end-use industry, and application.
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The process-based segments of the global steel processing market are basic oxygen steelmaking (BOS), Bessemer process, argon oxygen decarburization, and electric arc furnaces (EAF) among others.
The method-based segments of the global steel processing market are secondary steelmaking and primary steelmaking among others.
The application-based segments of the global steel processing market are steel plate, beams, billets, steel strip, and wires among others.
The end-use based segments of the global steel processing market are aerospace defense, building construction, consumer goods, and automotive among others.
Regional Analysis
In Asia Pacific, the Steel Processing Industry is likely to rise at decent pace across the analysis period. The increase in demand for steel processing due to expanding automotive industries and rapid industrialization resulting in the high consumption of steel can favor the expansion of the steel processing market in the region. In addition, rise in investments in steel plants can favor the regional market.
In Europe, the steel processing market can thrive through the review period. The need to comply with strict government regulations by industrial leaders can support the regional market expansion in the analysis period. The rise in need to slash greenhouse gas emission is allowing governments to invest in low carbon steel processing, which, in turn, can promote EU market in the near future.
In MEA, the steel processing market can witness exponential growth, following Latin America through the analysis period.
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TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of The Global Steel Processing Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Process
5 Market Factor Analysis Of The Global Steel Processing Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End Users
5.2 Porter’s Five Forces Analysis
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Buyers
5.2.3 Bargaining Power Of Suppliers
5.2.4 Threat Of Substitutes
5.2.5 Intensity Of Rivalry
5.3 Pricing Analysis
- Global Steel Processing Market, By Process
6.1 Introduction
6.2 Bessemer Process
6.2.1 Market Estimates Forecast, 2020-2027
6.2.2 Market Estimates Forecast, By Region, 2020-2027
6.3 Basic Oxygen Steelmaking (BOS)
6.3.1 Market Estimates Forecast, 2020-2027
6.3.2 Market Estimates Forecast, By Region, 2020-2027
6.4 Electric Arc Furnaces (EAF)
6.4.1 Market Estimates Forecast, 2020-2027
6.4.2 Market Estimates Forecast, By Region, 2020-2027
6.5 Argon Oxygen Decarburization
6.5.1 Market Estimates Forecast, 2020-2027
6.5.2 Market Estimates Forecast, By Region, 2020-2027
6.6 Others
6.6.1 Market Estimates Forecast, 2020-2027
6.6.2 Market Estimates Forecast, By Region, 2020-2027
- Global Steel Processing Market, By Method
7.1 Introduction
7.2 Primary Steelmaking
7.2.1 Market Estimates Forecast, 2020-2027
7.2.2 Market Estimates Forecast, By Region, 2020-2027
7.3 Secondary Steelmaking
7.3.1 Market Estimates Forecast, 2020-2027
7.3.2 Market Estimates Forecast, By Region, 2020-2027
7.4 Others
7.4.1 Market Estimates Forecast, 2020-2027
7.4.2 Market Estimates Forecast, By Region, 2020-2027
- Global Steel Processing Market, By Application
8.1 Introduction
8.2 Beams
8.2.1 Market Estimates Forecast, 2020-2027
8.2.2 Market Estimates Forecast, By Region, 2020-2027
8.3 Steel Plate
8.3.1 Market Estimates Forecast, 2020-2027
8.3.2 Market Estimates Forecast, By Region, 2020-2027
8.4 Steel Strip
8.4.1 Market Estimates Forecast, 2020-2027
8.4.2 Market Estimates Forecast, By Region, 2020-2027
8.5 Billets
8.5.1 Market Estimates Forecast, 2020-2027
8.5.2 Market Estimates Forecast, By Region, 2020-2027
8.6 Wires
8.6.1 Market Estimates Forecast, 2020-2027
8.6.2 Market Estimates Forecast, By Region, 2020-2027
8.7 Others
8.7.1 Market Estimates Forecast, 2020-2027
8.7.2 Market Estimates Forecast, By Region, 2020-2027
- Global Steel Processing Market, By End-Use Industry
9.1 Introduction
9.2 Building Construction
9.2.1 Market Estimates Forecast, 2020-2027
9.2.2 Market Estimates Forecast, By Region, 2020-2027
9.3 Aerospace Defense
9.3.1 Market Estimates Forecast, 2020-2027
9.3.2 Market Estimates Forecast, By Region, 2020-2027
9.4 Marine
9.4.1 Market Estimates Forecast, 2020-2027
9.4.2 Market Estimates Forecast, By Region, 2020-2027
9.5 Automotive
9.5.1 Market Estimates Forecast, 2020-2027
9.5.2 Market Estimates Forecast, By Region, 2020-2027
9.6 Consumer Goods
9.6.1 Market Estimates Forecast, 2020-2027
9.6.2 Market Estimates Forecast, By Region, 2020-2027
9.7 Others
9.7.1 Market Estimates Forecast, 2020-2027
9.7.2 Market Estimates Forecast, By Region, 2020-2027
- Global Steel Processing Market, By Region
10.1 Introduction
10.2 North America
10.2.1 Market Estimates Forecast, 2020-2027
10.2.2 Market Estimates Forecast, By Process, 2020-2027
10.2.3 Market Estimates Forecast, By Method, 2020-2027
10.2.4 Market Estimates Forecast, By Application, 2020-2027
10.2.5 Market Estimates Forecast, By End-Use Industry, 2020-2027
10.2.6 US
10.2.6.1 Market Estimates Forecast, 2020-2027
10.2.6.2 Market Estimates Forecast, By Process, 2020-2027
10.2.6.3 Market Estimates Forecast, By Method, 2020-2027
10.2.6.4 Market Estimates Forecast, By Application, 2020-2027
10.2.6.5 Market Estimates Forecast, By End-Use Industry, 2020-2027
10.2.7 Canada
10.2.7.1 Market Estimates Forecast, 2020-2027
10.2.7.2 Market Estimates Forecast, By Process, 2020-2027
10.2.7.3 Market Estimates Forecast, By Method, 2020-2027
10.2.7.4 Market Estimates Forecast, By Application, 2020-2027
10.2.7.5 Market Estimates Forecast, By End-Use Industry, 2020-2027
10.3 Europe
10.3.1 Market Estimates Forecast, 2020-2027
10.3.2 Market Estimates Forecast, By Process 2020-2027
10.3.3 Market Estimates Forecast, By Method, 2020-2027
10.3.4 Market Estimates Forecast, By Application, 2020-2027
10.3.5 Market Estimates Forecast, By End-Use Industry, 2020-2027
- Company Landscape
11.1 Introduction
11.2 Market Strategies
11.3 Key Development Analysis (Expansions/Mergers Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)
- Company Profiles
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