Source: MRFR Analysis

Among the different types of steel such as flat & long, flat steel majorly consumed in all the end-use industries. In 2016, flat steel accounted for 85% of the overall steel consumption.
Regional Analysis
Based on geography, the global steel market is classified as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Among the aforementioned regions, Asia Pacific accounted for the largest share of the global steel consumption. The region dominated the global market with 67% share of the overall market in 2016. Factors such as rising passenger car production and increasing construction investment in 2016 are anticipated to contribute to domestic market growth. Country wise, China is the leading producer and consumer of flat steel. Asia Pacific market is followed by Europe in terms of market share. Other emerging regions such as Latin America and the Middle East & Africa are likely to witness a healthy growth.
Segmentation
The steel market is categorized on the basis of type, application, and region. On the basis of the type, the market is bifurcated into long steel and flat steel. Among these, the flat steel accounted for around 85% share of the market in overall steel sales revenue and is expected to retain its dominance due to wide utilization in building & construction sector. On the basis of the application, the market is segmented into building & construction, automotive, mechanical equipment, metal products, other transportation, electrical appliances, and domestic appliances. On the basis of the region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Key Players
Some of the key players operating in the global steel market are ArcelorMittal, POSCO, SHAGANG GROUP Inc, NIPPON STEEL & SUMITOMO METAL CORPORATION, China BaoWu Steel Group Corporation Limited, HBIS GROUP, Tata Steel, Nucor, HYUNDAI STEEL, ChinaSteel, Maanshan Iron & Steel Company Limited, ThyssenKrupp AG, JFE Steel Corporation, JSW, and JIANLONG GROUP among others.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K
o Russia
o France
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America
• Middle East & Africa
o Turkey
o Iran
o Rest of the Middle East & Africa

.
Key Findings
Global steel market consumption was estimated to peg at 1,518.39 million tonnes in 2016. Building & construction sector accounted for the largest application segment, which held 51% share in 2016. The segment is projected to exhibit CAGR of 2.59% over the forecast period. Asia Pacific is the largest and fastest growing market, which accounted for 67.2% in the overall market in 2016. Country wise, China is the largest producer of steel owing to the high concentration of steel producers in the region. Moreover, China is also a leading consumer owing to high demand in the automotive and construction industries. Above 50% of the total production capacity, flat steel product is owned by major twenty players in the market. ArcelorMittal Group is the leading producer with the highest production capacity for flat and long steel products.

Intended Audience
• Steel manufacturers
• Traders and distributors of steel
• Production process industries
• Potential investors
• Raw material suppliers
DC –Description
• Steel rod
• Steel metal
• Steel supply
• Tubular steel
• Steel sections
• Hot rolled steel
• Stainless steel grades
• Cheap steel
• Alloy steel
Steel is a high strength alloy of iron, which is produced by impregnating iron with carbon. It has superior strength bearing and mechanical properties. Such high strength alloys are used in a number of end-use industries such as building & construction, electrical appliances, domestic appliances, oil & gas, and automotive. Among such applications, building & construction and automotive are the leading applications, where steel used prominently. The construction industry accounted for around 50%in the overall steel consumption in 2016.
Some of the prominent factors influencing the global steel demand are increasing automotive production across the globe, growing investment in building & construction sector. Building & construction is the leading end-use industry for steel. Owing to high strength and susceptibility to high mechanical stresses, steel is majorly used in the structural application. Mild steel has high architectural capabilities and has relatively high availability in the market. With the growing population and increasing disposable income, investments in the building & construction sector are on the rise in the emerging regions across the globe. This is anticipated to drive the global steel demand. Moreover, automotive is the second largest consumer after building & construction industry. Steel is consumed in OEM as well as automotive component manufacturing industry. Although steel components are being replaced by plastic component due to lightweight trend, inculcation of high strength steel (HSS) is estimated to fuel the steel demand in the automotive industry.
FIGURE 1 Global Steel Market, by Type, 2016 (%)

Source: MRFR Analysis

Among the different types of steel such as flat & long, flat steel majorly consumed in all the end-use industries. In 2016, flat steel accounted for 85% of the overall steel consumption.
Regional Analysis
Based on geography, the global steel market is classified as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Among the aforementioned regions, Asia Pacific accounted for the largest share of the global steel consumption. The region dominated the global market with 67% share of the overall market in 2016. Factors such as rising passenger car production and increasing construction investment in 2016 are anticipated to contribute to domestic market growth. Country wise, China is the leading producer and consumer of flat steel. Asia Pacific market is followed by Europe in terms of market share. Other emerging regions such as Latin America and the Middle East & Africa are likely to witness a healthy growth.
Segmentation
The steel market is categorized on the basis of type, application, and region. On the basis of the type, the market is bifurcated into long steel and flat steel. Among these, the flat steel accounted for around 85% share of the market in overall steel sales revenue and is expected to retain its dominance due to wide utilization in building & construction sector. On the basis of the application, the market is segmented into building & construction, automotive, mechanical equipment, metal products, other transportation, electrical appliances, and domestic appliances. On the basis of the region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Key Players
Some of the key players operating in the global steel market are ArcelorMittal, POSCO, SHAGANG GROUP Inc, NIPPON STEEL & SUMITOMO METAL CORPORATION, China BaoWu Steel Group Corporation Limited, HBIS GROUP, Tata Steel, Nucor, HYUNDAI STEEL, ChinaSteel, Maanshan Iron & Steel Company Limited, ThyssenKrupp AG, JFE Steel Corporation, JSW, and JIANLONG GROUP among others.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K
o Russia
o France
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America
• Middle East & Africa
o Turkey
o Iran
o Rest of the Middle East & Africa

.
Key Findings
Global steel market consumption was estimated to peg at 1,518.39 million tonnes in 2016. Building & construction sector accounted for the largest application segment, which held 51% share in 2016. The segment is projected to exhibit CAGR of 2.59% over the forecast period. Asia Pacific is the largest and fastest growing market, which accounted for 67.2% in the overall market in 2016. Country wise, China is the largest producer of steel owing to the high concentration of steel producers in the region. Moreover, China is also a leading consumer owing to high demand in the automotive and construction industries. Above 50% of the total production capacity, flat steel product is owned by major twenty players in the market. ArcelorMittal Group is the leading producer with the highest production capacity for flat and long steel products.

Intended Audience
• Steel manufacturers
• Traders and distributors of steel
• Production process industries
• Potential investors
• Raw material suppliers
DC –Description
• Steel rod
• Steel metal
• Steel supply
• Tubular steel
• Steel sections
• Hot rolled steel
• Stainless steel grades
• Cheap steel
• Alloy steel

Table of Contents:

1 Report Prologue
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.3 Research Objectives
2.3.1 Assumptions
2.3.2 Limitations
2.4 Markets Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing Automotive Production
4.2.2 Growing investments in construction industry
4.3 Restraints
4.3.1 Growing Usage Of Alternative Automotive Lightweighting Materials, Owing To Increasing Fuel Efficiency Standards
4.4 Mega Trends
4.4.1 Increasing demand of high quality long products, and high strength lightweight steel
4.5 Opportunity
4.5.1 Growing steel demand in India construction industry
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Steel Miners
5.1.2 Steel Producers/Steel Processors
5.1.3 End-Users
5.2 Porter’s Five Forces Analysis
5.2.1 Threat from New Entrants (Moderate)
5.2.2 Bargaining Power of Buyers (Moderate)
5.2.3 Bargaining Power of Supplier (Low)
5.2.4 Threat from Substitutes (High)
5.2.5 Threat of rivalry (High)
5.3 Pricing Analysis
6 Competitive Landscape
6.1 Introduction
6.2 Market Strategy Analysis
6.3 Key Developments of Market Players
6.3.1 Installed Plants, by Company
6.3.1.1 World’s largest Flat Product Producer, by Capacity
6.3.1.2 World’s largest Steel Long Product Producer, by Capacity
6.4 Key Developments & Strategies
6.5 Investment Outlook
6.5.1 Construction Spending
7 Company Profiles
7.1 ArcelorMittal
7.1.1 Company Overview
7.1.2 Financials
7.1.3 Products
7.1.4 Strategy
7.1.5 Key Developments
7.2 POSCO
7.2.1 Company Overview
7.2.2 Financials
7.2.3 Products
7.2.4 Strategy
7.2.5 Key Developments
7.3 Shangang Group
7.3.1 Company Overview
7.3.2 Financials
7.3.3 Products
7.3.4 Strategy
7.3.5 Key Developments
7.4 NSSMC Group
7.4.1 Company Overview
7.4.2 Financials
7.4.3 Products
7.4.4 Strategy
7.4.5 Key Developments
7.5 China Baowu Group
7.5.1 Company Overview
7.5.2 Financials
7.5.3 Products
7.5.4 Strategy
7.5.5 Key Developments
7.6 HBIS Group
7.6.1 Company Overview
7.6.2 Financials
7.6.3 Products
7.6.4 Strategy
7.6.5 Key Developments
7.7 Tata Steel Group
7.7.1 Company Overview
7.7.2 Financials
7.7.3 Products
7.7.4 Strategy
7.7.5 Key Developments
7.8 Nucor Corporation
7.8.1 Company Overview
7.8.2 Financials
7.8.3 Products
7.8.4 Strategy
7.8.5 Key Developments
7.9 Hyundai Steel Company
7.9.1 Company Overview
7.9.2 Financials
7.9.3 Products
7.9.4 Strategy
7.9.5 Key Developments
7.1 China Steel Corporation
7.10.1 Company Overview
7.10.2 Financials
7.10.3 Products
7.10.4 Strategy
7.10.5 Key Developments
7.11 JIANLONG GROUP
7.11.1 Company Overview
7.11.2 Financials
7.11.3 Products
7.11.4 Strategy
7.11.5 Key Developments
7.12 Maanshan Steel
7.12.1 Company Overview
7.12.2 Financials
7.12.3 Products
7.12.4 Strategy
7.12.5 Key Developments
7.13 Thyssenkrup
7.13.1 Company Overview
7.13.2 Financials
7.13.3 Products
7.13.4 Strategy
7.13.5 Key Developments
7.14 JFE Steel Corporation
7.14.1 Company Overview
7.14.2 Financials
7.14.3 Products
7.14.4 Strategy
7.14.5 Key Developments
7.15 JSW Steel Limited
7.15.1 Company Overview
7.15.2 Financials
7.15.3 Products
7.15.4 Strategy
7.15.5 Key Developments
8 Conclusion

The post Global Steel Market Research Report – Forecast to 2023 first appeared on CRI Report.

Regional Analysis
Regionally, the global aluminum market is broadly spanned across five major regions: North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among these regions, Asia Pacific accounted for the largest share of the market as of 2016. During the years to follow this region is estimated to expand at the highest CAGR of 6.69%, among other regions. This is projected to help this region mark USD 141.95 billion by the end of the forecast period. The primary factors favoring the dominance of Asia Pacific are the swift industrialization, which is steadily heading north along with the increasing demand for aluminum and its alloys from China, India, South Korea, and other emerging economies in this region. Following Asia Pacific, Europe holds the second largest share of the market on account of growing renovation and repair work in the building and construction industry. In 2016, Germany accounted for the major share of 31.84% in this regional market and is likely to retain its dominance over the review period due to greater penetration of lading end-user industries such as construction and automotive.
Lastly, the Middle East & Africa and Latin America are another substantial regions in the global aluminum market. As per our analysis, the U.A.E is registering significant growth in this market in terms of both value and volume.
Segmentation
The global aluminum market is broadly segmented on the basis of application and region.
On the basis of the application, the market is categorized into building & construction, transportation, electrical, machinery & equipment, consumer goods, foils, and packaging.
Based on the region, the global aluminum market is divided into five key regions: Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Key Players
The prominent players in the global aluminum market are Rio Tinto Alcan Inc. (Canada), Rino Tinto Australia (Australia), RUSAL (Cyprus), Norsk Hydro ASA (Norway), China Aluminum Corporation (China), DUBAL (U.A.E), Alcoa Corporation (U.S.), Century Aluminum Company (U.S.), Vedanta Ltd. (India), Aluminum Bahrain (Alba) (Bahrain), China Hongqiao (China), and BHP Billiton Aluminum Australia Pty Ltd. (Australia), and others.
Key Findings
The global aluminum market is estimated to reach at USD 221.14 billion by the end of 2023, by growing at a robust CAGR of 6.48% during the forecast period of 2017-2023. Among five major regions, Asia Pacific is accounted for the major share and is also estimated to register a healthy CAGR of 6.69% to attain a mark of USD 141.95 billion by the end of forecast period. This is due to the growing end-user industries in this region. Country-wise, China is the largest producer as well as consumer of aluminum and its alloys, which accounts for 57.02% of the global aluminum production. This market is a greatly fragmented market into significant numbers of tier 1 manufacturers, which are dominating the market.
Geographic Analysis
The global aluminum market is expected to grow at a CAGR of 6.48% during the estimation period 2017-2023. The Asia Pacific estimated to hold the largest share due to the growth of the major end-use industries in the region. Among other applications of the product, the building & construction industry is likely to dominate the global aluminum market during the forecast period 2017-2023.
The report covers brief analysis of geographical region includes
World
• Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• North America
o US
o Canada
• Middle East & Africa
o U.A.E
o Saudi Arabia
• Latin America
o Brazil
o Mexico
Intended Audience
• Manufacturers and distributors of Aluminum
• Manufacturers and distributors of Aluminum
• Suppliers and traders
• Government, associations and industrial bodies
• Investors and Trade experts
• Consulting with chemical experts
DC description
• aluminum foil
• industrial use for aluminum
• aluminum alloy
• aluminum mineral
• bauxite
• ore of aluminum

Table of Contents:

1 Report Prologue
2 Scope of the Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions
2.2.3 Limitations
2.3 Markets Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing aluminum consumption in China
4.2.2 Increasing demand from Middle East
4.3 Restraints
4.3.1 Issues related to bauxite availability
4.4 Opportunity
4.4.1 Growth of automotive industry provide lucrative opportunity for aluminum producers
4.5 Macroeconomic Indicators
4.6 Mega Trends
4.6.1 Key Megatrends of development of global aluminum industry
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Producers
5.1.2 Aluminum Manufacturers
5.1.3 Distributors
5.1.4 End Use Industries
5.2 Porter’s 5 Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Rivalry
5.2.3 Threat of Substitute
5.2.4 Bargaining Power of Supplier
5.2.5 Bargaining Power of Buyer
6 Competitive Landscape
6.1 Introduction
6.2 Key Developments of Major Market Players
6.3 Installed Plants, By Company
6.4 Price Analysis
6.5 Key Development & Strategies
6.5.1 Ongoing/Upcoming Projects and Major investments
6.6 Investment Outlook
7 Company Profiles
7.1 Alcoa Corporation
7.1.1 Company Overview
7.1.2 Financials
7.1.3 Products
7.1.4 Strategy
7.1.5 Key Developments
7.2 Rio Tinto Alcan Inc.
7.2.1 Company Overview
7.2.2 Financials
7.2.3 Products
7.2.4 Strategy
7.2.5 Key Developments
7.3 RUSAL
7.3.1 Company Overview
7.3.2 Financials
7.3.3 Products
7.3.4 Strategy
7.3.5 Key Developments
7.4 Norsk Hydro ASA
7.4.1 Company Overview
7.4.2 Financials
7.4.3 Products
7.4.4 Strategy
7.4.5 Key Developments
7.5 DUBAL
7.5.1 Company Overview
7.5.2 Financials
7.5.3 Products
7.5.4 Strategy
7.5.5 Key Developments
7.6 Aluminium Bahrain (Alba)
7.6.1 Company Overview
7.6.2 Financials
7.6.3 Products
7.6.4 Strategy
7.6.5 Key Developments
7.7 Century Aluminum Company
7.7.1 Company Overview
7.7.2 Financials
7.7.3 Products
7.7.4 Strategy
7.7.5 Key Developments
7.8 Vedanta Ltd.
7.8.1 Company Overview
7.8.2 Financials
7.8.3 Products
7.8.4 Strategy
7.8.5 Key Developments
7.9 China Aluminum Corporation
7.9.1 Company Overview
7.9.2 Financials
7.9.3 Products
7.9.4 Strategy
7.9.5 Key Developments
7.1 Rino Tinto Australia
7.10.1 Company Overview
7.10.2 Financials
7.10.3 Products
7.10.4 Strategy
7.10.5 Key Developments
7.11 China Hongqiao
7.11.1 Company Overview
7.11.2 Financials
7.11.3 Products
7.11.4 Strategy
7.11.5 Key Developments
7.12 BHP Billiton Aluminium Australia Pty Ltd.
7.12.1 Company Overview
7.12.2 Financials
7.12.3 Products
7.12.4 Strategy
7.12.5 Key Developments
8 Conclusion

The post Global Aluminum Market Research Report – Forecast to 2023 first appeared on CRI Report.