Drivers: Positive outlook of the construction industry
Carbon steel is one of the key materials used in the construction sector on account of its strength and hardness. It is used in rectangular tubing, highway construction plates, structural framework beams, and bridges. Carbon steel is also popularly used material in the manufacturing of hollow structural sections and rebars. Plain carbon steel, also popularly known as mild steel, exhibits various properties such as plasticity, ductility, flexibility, and bending ability. During natural calamities, such as earthquakes, it is a very useful material owing to its crack resistance. It is used in the manufacturing of steel reinforcing bars (rebar). Steel rebars find wide applications in residential construction, commercial construction, and infrastructure. They can be used in braces, brackets, and ornamental work. In infrastructure, steel is used in various transport networks such as tunnels, rail tracks, and construction projects such as airports, fueling stations, train stations, and ports. These applications use nearly 60% of steel. Rebars are also used in the improvement of strength of structure in highway bridges.
Restraints:Increasing demand for stainless steel products in various industries
Stainless steel offers several advantages compared to carbon steel. The product can be used in applications where corrosion resistance, aesthetic appeal, and low brittleness are the key aspects. Stainless steel contains nearly 10.5% of chromium, therefore, offering it protection from corrosion in wet conditions. The presence of carbon in carbon steel can affect its performance during extreme tensile stress. High carbon steel is more likely to bend in such conditions. Stainless steel products are utilized in applications including construction, automotive, shipbuilding, aviation, mechanical equipment, and household appliances. The growing demand for stainless steel products from end-use industries is expected to drive the market growth. The stainless steel market is anticipated to grow from 41,307 kilotons in 2018 to 57,591.6 kilotons by 2025.
This section will provide insights into the contents included in this carbon steel market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Market drivers and restraints
Key market opportunities prioritized
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance
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