Carbon Steel Market Overviews
Carbon steel is a type of steel made up of iron and carbon alloy. In comparison to stainless steel, it has a higher carbon content of 0.05% to 3.8% by weight, a lower melting point of 1425 to 1510-degree Celsius, and is durable. Carbon steel is the most common engineering and construction material for large-scale industrial uses, like marine structures, power plants, transportation, chemical processing, and petroleum extraction and refining. Carbon steel has high tensile strength and hardness, but it is more prone to corrosion than stainless steel. This Global Carbon Steel Market report is analysed on the basis of segments such as type, application and region.
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Carbon Steel Market Scope and Methodology:
The Carbon Steel Market is expected to be driven by rising demand from downstream industries like construction and building, engineering, and manufacturing. For example, Mitsubishi Materials in Japan used tamahagane steel, high carbon steel, to make swords with engineering expertise. High carbon steel has recently been used to forge cutting tools with sharp edges thanks to its excellent hardness and better resilience to wear and tear.
Carbon Steel Market Regional Insights
Asia Pacific region dominated the Carbon Steel market with 37.8 % through the forecast period. Because of its enormous population and households and rising infrastructure demand in this region will lead to increased use of home appliance items. Other major drivers driving market expansion in Asia-Pacific are strong demand for smart appliances to replace traditional appliances, rising disposable income, expanding urbanization, and the number of homes. In the Asia Pacific, the major markets for refrigeration products are China and India.
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Carbon Steel Market Segmentation
In 2020, the Low-carbon steel segment was dominant and held approximately 91% of the overall Carbon Steel Market share in terms of volume. This segment is anticipated to grow at a CAGR of xx% during the forecast period. This steel has a density of 7.85 g/cm3 and Young's modulus of 200 GPa (Grade Point Average).
Mild steel, which is an iron with a little proportion of carbon, robust but difficult to temper, also known as plain-carbon steel and low-carbon steel, is the most prevalent type of steel because of its low cost and ability to meet the needs of a wide range of applications. This steel is malleable and ductile because it contains about 0.05 - 0.30% carbon. This steel has a low tensile strength, but it is inexpensive and simple to shape and carburizing that can improve surface hardness. Low carbon steel is commonly used in vehicle parts, pipes, construction, and food cans.
Carbon Steel Market Key Players
JFE Steel Corporation
Nippon Steel Corporation
Baosteel Group
Curtis Steel Co., Inc
Bushwick Metals LLC
ArcelorMittal SA,
Omega Steel Company
Afarak Group
HBIS Group
POSCO
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Key questions answered in the Carbon Steel Market are:
- What is Carbon Steel ?
- What was the Carbon Steel market size in 2023?
- What is the growth rate of the Carbon Steel Market?
- Which are the factors expected to drive the Carbon Steel market growth?
- What are the different segments of the Carbon Steel Market?
- What growth strategies are the players considering to increase their presence in Carbon Steel ?
- What are the upcoming industry applications and trends for the Carbon Steel Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Carbon Steel Market?
- Who are the leading companies and what are their portfolios in Carbon Steel Market?
- What segments are covered in the Carbon Steel Market?
- Who are the key players in the Carbon Steel market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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