Steel Manufacturing Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, India, Japan, Russia - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 177 SKU: IRTNTR75250

The steel manufacturing market size is estimated to grow at a CAGR of 4.02% between 2022 and 2027. The market size is forecast to increase by USD 369.6 billion. The growth of the market depends on several factors, including an upsurge in consumption of high-strength steel, growing demand from the construction industry, and corrosion resistance and excellent mechanical properties.

This steel manufacturing market report extensively covers market segmentation by end-user (construction, machinery, automotive, metal products, and others), type (flat and long), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Steel Manufacturing Market During the Forecast Period?

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Steel Manufacturing Market: Key Drivers, Trends, Challenges, and Customer Landscape

The upsurge in the consumption of high-strength steel is notably driving the market growth, although stringent government regulations may impede the market growth.  Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Steel Manufacturing Market Driver

An upsurge in the consumption of high-strength steel is notably driving the steel manufacturing market growth. The use of high-strength steel is increasing due to its high strength at normal and high temperatures. It also provides high fatigue strength and additional toughness to steel products. The use of high-strength stainless steel is increasing in architectural, industrial, and consumer applications. The increasing use of high-strength stainless steel is due to its superior properties, such as affordable price and high strength-to-weight ratio. Factors such as strategic positioning and product portfolio expansion will increase sales of high-strength stainless steel during the forecast period. 

High-strength steel meets the performance requirements of the construction and automotive industries. The automotive industry uses high-strength steel to manufacture passenger car cells and crumple zones. The growing interest of the steel and automotive industries in developing environmentally friendly vehicles will drive the use of high-strength steels, thereby propelling the growth of the market during the forecast period. 

Significant Steel Manufacturing Market Trends

The expansion of production capacity by vendors is a key trend influencing the steel manufacturing market growth. Steel is one of the most commonly used metals in industrial applications due to its durability, yield strength, and corrosion resistance. It is widely consumed in the mining, quarrying, chemical, petrochemical, electrical engineering, power generation,  food, and beverage industries. Additives such as nickel, chromium, and manganese give stainless steel corrosion resistance and strength. It is also resistant to mechanical damage. Steel is used in many industrial applications for the storage and transportation of liquids, air, and gases. Steel products have high strength, formability, and recyclability. The automotive industry uses stainless steel products to manufacture axle shafts, steering components, chassis components, and seats. Stainless steel maintains and improves the strength of steel. It also improves the surface appearance and prevents corrosion. Therefore, it improves the safety performance of the vehicle. This is a major requirement for modern automobiles. The excellent mechanical properties and corrosion resistance of steel facilitate its use in industrial applications.

Due to the high demand for industrial steel products, the providers operating in the market are expanding their production capacities. For example, Ansteel and Ben Gang Group Corp. merged with Ben Gang Group and became the third-largest steel producer in the world. After the merger, Ansteel will have a crude steel production capacity of 63 million tons per year. The company has also set a goal of producing 70 million tonnes of crude steel annually by 2025.  Therefore, the market is expected to grow during the forecast period, owing to increasing demand for steel from various industries and expanding production capacity of suppliers. 

Major Steel Manufacturing Market Challenge

The stringent government regulations are challenging the steel manufacturing market growth. Steel production releases large amounts of CO2 into the atmosphere due to the energy-intensive production process. For every tonne of steel produced, 1.5-1.9 tonnes of CO2 are produced. Every year, 1.5 to 1.8 billion tonnes of steel are produced, and over 1.5 to 2.5 billion tonnes of CO2 are released into the atmosphere. Greenhouse gas emissions from various industrial sectors are becoming a major cause of many environmental problems. To address this issue, in 2015, 196 governments around the world signed the Paris Agreement established under the United Nations Framework Convention on Climate Change. The agreement aims to limit global warming to 1.5 degrees Celsius. According to this agreement, companies engaged in business related to CO2 emissions must pay a tax (carbon price) on their emissions. Currently, the range of carbon prices is diverse. However, according to the United Nations, the price of CO2 should continue to rise until 2030.

Several steel producers are falling short of the Paris Agreement emissions targets. The World Bank and International Monetary Fund are therefore persuading governments of various countries to raise carbon prices and force companies to pay taxes on their carbon emissions. Companies are looking for alternatives, but the high costs associated with alternative technologies can increase production costs by 15% to 35%. Therefore, increasingly stringent government regulations aimed at reducing carbon emissions are expected to hinder the growth of the market during the forecast period. 

Key Steel Manufacturing Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Steel Manufacturing Market Customer Landscape

Who are the Major Steel Manufacturing Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Ansteel Group Corp. Ltd: The company is involved in the manufacturing, distribution, selling, and export of different types of steel products.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Baosteel Group Corp.
  • Beijing Shougang Co. Ltd.
  • Benxi Steel Group Co. Ltd.
  • China Jianlong Steel Industrial Co. Ltd.
  • Gerdau SA
  • Hebei Jingye Group
  • Hyundai Steel Co.
  • Jiangsu Shagang International Trade Co. Ltd.
  • JSW STEEL Ltd.
  • Nippon Steel Corp.
  • Nucor Corp.
  • POSCO holdings Inc.
  • Steel Authority of India Ltd.
  • Tata Sons Pvt. Ltd.
  • thyssenkrupp AG

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Steel Manufacturing Market?

The market share growth by the construction segment will be significant during the forecast period. The construction sector was the largest contributor to the market in 2022. The growth of the market is driven by the construction of skyscrapers, technology parks, roads, highways, and bridges. Steel is widely used in the construction industry due to its excellent strength and ductility. It is widely used in the production of high-strength plates for roads and bridges, square tubes for welded frames, and structural beams. Rebar and hollow structural parts are also manufactured. Steel is also used for signposts, fences, caissons, pillars, culverts, supports, and handrails. Steel is more in demand in the construction industry due to properties such as durability, strength, affordability, and adaptability to long-term exposure to the elements.

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The construction segment was valued at USD 757.78 billion in 2017 and continued to grow until 2021. Rapid industrialization and increasing housing projects in countries such as the United States, United Kingdom, Germany, China, and India are expected to create new opportunities in the construction sector. Improvements in the global economy have facilitated the construction of several health, education, and social facilities. The rising population, increasing demand for better infrastructure, and improving building practices are expected to boost the global construction industry and propel market growth during the forecast period.

Which are the Key Regions for the Steel Manufacturing Market?

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APAC is estimated to contribute 45% to the growth of the global steel manufacturing market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC is the largest geographic segment of the market and will remain the largest segment throughout the forecast period. Steel demand in the Asia-Pacific region is expected to grow steadily due to the region's rapid industrialization and infrastructure development. Several industrial, commercial, and residential projects are under development in countries such as Indonesia, South Korea, and India. Moreover, increasing initiatives of various countries' governments are expected to boost the steel demand, which will drive the steel demand and spur the growth of the market in this region during the forecast period.

In 2020, the COVID-19 outbreak had a negative impact on the growth of the market as it reduced demand for steel products from end-users, such as the machinery, construction, and automotive industries. Due to the 2020 lockdown measures, various governments from across the world imposed restrictions on the movement of vehicles and people, negatively impacting imports and exports of steel products. Additionally, the COVID-19 outbreak negatively impacted the growth of several vendors globally due to the economic downturn and supply chain disruptions. However, with massive vaccination campaigns and the easing of lockdown measures, the world entered a recovery phase in 2021. Steelmaking activity increased as demand for steel products from key sectors such as construction, infrastructure, and automotive recovered.

Segment Overview

The steel manufacturing market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook (USD Billion, 2017 - 2027)
    • Construction
    • Machinery
    • Automotive
    • Metal products
    • Others
  • Type Outlook (USD Billion, 2017 - 2027)
    • Flat
    • Long
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global steel manufacturing market as a part of the global steel market within the overall metals and mining market. The parent market includes products and companies involved in producing steel for a wide range of industrial applications. Technavio calculates the global steel market size based on the total revenue generated by aluminum producers/suppliers. The global steel market includes producers of steel and related products, including metallurgical (coking) coal mines used for steel production.  

Steel Manufacturing Market Scope

Report Coverage

Details

Page number

177

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.02%

Market growth 2023-2027

USD 369.6 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

3.5

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, China, India, Japan, and Russia

Competitive landscape

 Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Ansteel Group Corp. Ltd., Baosteel Group Corp., Beijing Shougang Co. Ltd., Benxi Steel Group Co. Ltd., China Jianlong Steel Industrial Co. Ltd., Gerdau SA, Hebei Jingye Group, Hyundai Steel Co., Jiangsu Shagang International Trade Co. Ltd., JSW STEEL Ltd., Nippon Steel Corp., Nucor Corp., POSCO holdings Inc., Steel Authority of India Ltd., Tata Sons Pvt. Ltd., thyssenkrupp AG, ArcelorMittal SA, Essar Global Fund Ltd., JFE Holdings Inc., and NLMK Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Steel Manufacturing Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the steel manufacturing market between 2023 and 2027
  • Precise estimation of the size of the steel manufacturing market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of steel manufacturing market vendors

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global steel manufacturing market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global steel manufacturing market 2017 - 2021 ($ billion)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Construction - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Construction - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Construction - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Construction - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Construction - Year-over-year growth 2022-2027 (%)
    • 6.4 Machinery - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Machinery - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Machinery - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Machinery - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Machinery - Year-over-year growth 2022-2027 (%)
    • 6.5 Automotive - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 6.6 Metal products - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Metal products - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Metal products - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Metal products - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Metal products - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ billion)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Flat - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Flat - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Flat - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Flat - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Flat - Year-over-year growth 2022-2027 (%)
    • 7.4 Long - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Long - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on Long - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on Long - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Long - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 68: Market opportunity by Type ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 India - Market size and forecast 2022-2027
      • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 US - Market size and forecast 2022-2027
      • Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.12 Russia - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Ansteel Group Corp. Ltd.
              • Exhibit 123: Ansteel Group Corp. Ltd. - Overview
              • Exhibit 124: Ansteel Group Corp. Ltd. - Product / Service
              • Exhibit 125: Ansteel Group Corp. Ltd. - Key offerings
            • 12.4 ArcelorMittal SA
              • Exhibit 126: ArcelorMittal SA - Overview
              • Exhibit 127: ArcelorMittal SA - Business segments
              • Exhibit 128: ArcelorMittal SA - Key offerings
              • Exhibit 129: ArcelorMittal SA - Segment focus
            • 12.5 Baosteel Group Corp.
              • Exhibit 130: Baosteel Group Corp. - Overview
              • Exhibit 131: Baosteel Group Corp. - Product / Service
              • Exhibit 132: Baosteel Group Corp. - Key offerings
            • 12.6 Essar Global Fund Ltd.
              • Exhibit 133: Essar Global Fund Ltd. - Overview
              • Exhibit 134: Essar Global Fund Ltd. - Product / Service
              • Exhibit 135: Essar Global Fund Ltd. - Key news
              • Exhibit 136: Essar Global Fund Ltd. - Key offerings
            • 12.7 Gerdau SA
              • Exhibit 137: Gerdau SA - Overview
              • Exhibit 138: Gerdau SA - Business segments
              • Exhibit 139: Gerdau SA - Key offerings
              • Exhibit 140: Gerdau SA - Segment focus
            • 12.8 Hyundai Steel Co.
              • Exhibit 141: Hyundai Steel Co. - Overview
              • Exhibit 142: Hyundai Steel Co. - Product / Service
              • Exhibit 143: Hyundai Steel Co. - Key offerings
            • 12.9 JFE Holdings Inc.
              • Exhibit 144: JFE Holdings Inc. - Overview
              • Exhibit 145: JFE Holdings Inc. - Business segments
              • Exhibit 146: JFE Holdings Inc. - Key offerings
              • Exhibit 147: JFE Holdings Inc. - Segment focus
            • 12.10 Jiangsu Shagang International Trade Co. Ltd.
              • Exhibit 148: Jiangsu Shagang International Trade Co. Ltd. - Overview
              • Exhibit 149: Jiangsu Shagang International Trade Co. Ltd. - Product / Service
              • Exhibit 150: Jiangsu Shagang International Trade Co. Ltd. - Key offerings
            • 12.11 JSW STEEL Ltd.
              • Exhibit 151: JSW STEEL Ltd. - Overview
              • Exhibit 152: JSW STEEL Ltd. - Product / Service
              • Exhibit 153: JSW STEEL Ltd. - Key offerings
            • 12.12 Nippon Steel Corp.
              • Exhibit 154: Nippon Steel Corp. - Overview
              • Exhibit 155: Nippon Steel Corp. - Business segments
              • Exhibit 156: Nippon Steel Corp. - Key offerings
              • Exhibit 157: Nippon Steel Corp. - Segment focus
            • 12.13 Nucor Corp.
              • Exhibit 158: Nucor Corp. - Overview
              • Exhibit 159: Nucor Corp. - Business segments
              • Exhibit 160: Nucor Corp. - Key news
              • Exhibit 161: Nucor Corp. - Key offerings
              • Exhibit 162: Nucor Corp. - Segment focus
            • 12.14 POSCO holdings Inc.
              • Exhibit 163: POSCO holdings Inc. - Overview
              • Exhibit 164: POSCO holdings Inc. - Business segments
              • Exhibit 165: POSCO holdings Inc. - Key offerings
              • Exhibit 166: POSCO holdings Inc. - Segment focus
            • 12.15 Steel Authority of India Ltd.
              • Exhibit 167: Steel Authority of India Ltd. - Overview
              • Exhibit 168: Steel Authority of India Ltd. - Product / Service
              • Exhibit 169: Steel Authority of India Ltd. - Key offerings
            • 12.16 Tata Sons Pvt. Ltd.
              • Exhibit 170: Tata Sons Pvt. Ltd. - Overview
              • Exhibit 171: Tata Sons Pvt. Ltd. - Business segments
              • Exhibit 172: Tata Sons Pvt. Ltd. - Key offerings
              • Exhibit 173: Tata Sons Pvt. Ltd. - Segment focus
            • 12.17 thyssenkrupp AG
              • Exhibit 174: thyssenkrupp AG - Overview
              • Exhibit 175: thyssenkrupp AG - Business segments
              • Exhibit 176: thyssenkrupp AG - Key offerings
              • Exhibit 177: thyssenkrupp AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 178: Inclusions checklist
                • Exhibit 179: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 180: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 181: Research methodology
                • Exhibit 182: Validation techniques employed for market sizing
                • Exhibit 183: Information sources
              • 13.5 List of abbreviations
                • Exhibit 184: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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