Carbon Steel Market Size, Share & Trends Analysis Report, By Type (Low Carbon Steel, Medium Carbon Steel, High Carbon Steel), By Application (Shipbuilding, Automotive, Construction), By Region, And Segment Forecasts, 2023 - 2030

Market Segmentation

• Carbon Steel Type Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)
  • Low Carbon Steel
  • Medium Carbon Steel
  • High Carbon Steel
• Carbon Steel Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)
  • Shipbuilding
  • Construction
  • Automotive
  • Others
• Carbon Steel Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
  • North America
    • North America carbon steel market, by type
      • Low carbon steel
      • Medium carbon steel
      • High carbon steel
    • North America carbon steel market, by application
      • Shipbuilding
      • Construction
      • Automotive
      • Others
    • U.S.
      • U.S. carbon steel market, by type
        • Low carbon steel
        • Medium carbon steel
        • High carbon steel
      • U.S. carbon steel market, by application
        • Shipbuilding
        • Construction
        • Automotive
        • Others
    • Canada
      • Canada carbon steel market, by type
        • Low carbon steel
        • Medium carbon steel
        • High carbon steel
      • Canada carbon steel market, by application
        • Shipbuilding
        • Construction
        • Automotive
        • Others
    • Mexico
      • Mexico carbon steel market, by type
        • Low carbon steel
        • Medium carbon steel
        • High carbon steel
      • Mexico carbon steel market, by application
        • Shipbuilding
        • Construction
        • Automotive
        • Others
  • Europe
    • Europe carbon steel market, by type
      • Low carbon steel
      • Medium carbon steel
      • High carbon steel
    • Europe carbon steel market, by application
      • Shipbuilding
      • Construction
      • Automotive
      • Others
    • Germany
      • Germany carbon steel market, by type
        • Low carbon steel
        • Medium carbon steel
        • High carbon steel
      • Germany carbon steel market, by application
        • Shipbuilding
        • Construction
        • Automotive
        • Others
    • U.K.
      • U.K. carbon steel market, by type
        • Low carbon steel
        • Medium carbon steel
        • High carbon steel
      • U.K. carbon steel market, by application
        • Shipbuilding
        • Construction
        • Automotive
        • Others
    • Russia
      • Russia carbon steel market, by type
        • Low carbon steel
        • Medium carbon steel
        • High carbon steel
      • Russia carbon steel market, by application
        • Shipbuilding
        • Construction
        • Automotive
        • Others
  • Asia Pacific
    • Asia Pacific carbon steel market, by type
      • Low carbon steel
      • Medium carbon steel
      • High carbon steel
    • Asia Pacific carbon steel market, by application
      • Shipbuilding
      • Construction
      • Automotive
      • Others
    • China
      • China carbon steel market, by type
        • Low carbon steel
        • Medium carbon steel
        • High carbon steel
      • China carbon steel market, by application
        • Shipbuilding
        • Construction
        • Automotive
        • Others
    • Japan
      • Japan carbon steel market, by type
        • Low carbon steel
        • Medium carbon steel
        • High carbon steel
      • Japan carbon steel market, by application
        • Shipbuilding
        • Construction
        • Automotive
        • Others
    • India
      • India carbon steel market, by type
        • Low carbon steel
        • Medium carbon steel
        • High carbon steel
      • India carbon steel market, by application
        • Shipbuilding
        • Construction
        • Automotive
        • Others
  • Central & South America
    • Central & South America carbon steel market, by type
      • Low carbon steel
      • Medium carbon steel
      • High carbon steel
    • Central & South America carbon steel market, by application
      • Shipbuilding
      • Construction
      • Automotive
      • Others
    • Brazil
      • Brazil carbon steel market, by type
        • Low carbon steel
        • Medium carbon steel
        • High carbon steel
      • Brazil carbon steel market, by application
        • Shipbuilding
        • Construction
        • Automotive
        • Others
  • Middle East & Africa
    • Middle East & Africa carbon steel market, by type
      • Low carbon steel
      • Medium carbon steel
      • High carbon steel
    • Middle East & Africa carbon steel market, by application
      • Shipbuilding
      • Construction
      • Automotive
      • Others

Carbon Steel Market Dynamics

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.

What Does This Report Include?

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.

Carbon steel market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

Carbon steel market quantitative analysis

• 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