- March 2020 |
- Chemicals And Materials / Chemicals and Materials
Steel Processing Market Size, By Steel Type (Alloy Steel, and Carbon Steel), By Steel Shape (Flat Steel, Long Steel, and Tubular Steel), By End-Users (Construction, Shipping, Energy, Packaging, Consumer appliances industry, Housing, Automotive, and Others)), and By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2016-26
Global Steel Processing Market Forecast and Trends
The global Steel Processing market has reached USD 615.75 Billion in 2019 and estimated to reach USD 721.47 Billion in 2026 and anticipated to grow by CAGR of 2.41% during the forecast period 2020- 2026. The main driving factors for the global steel processing market are the rapid industrialization and urbanization, leading to high steel consumption in the building & construction sector. In addition, steel exhibits properties such as high ductility and welding capacity, high strength, and are anti-corrosive, making them applicable in a wide range of...