Press Release for Carbon Flat Steel Market

1. Flat Carbon Steel Market Growth to be Propelled by Growing Development in Infrastructure and Construction Industry by CAGR of 15% During 2023 – 2035 Kenneth Research published a report titled “Flat Carbon Steel Market: Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the Flat Carbon Steel Market in terms of market segmentation by product type, end user, and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market. The global flat carbon steel market is estimated to grow at CAGR ~3% over the forecast period, i.e., 2023-2035. By end user, market is segmented into building and infrastructure, automotive, mechanical equipment and others. Among all, the automotive segment is to grow over the forecast period. Increasing demand in electric cars is to drive the market growth.

2. The global flat carbon steel market is to grow on account of increased investments in infrastructure by governments, and growing demand for production of consumer appliances. In November 2021, the Asian Development Bank (ADB) has approved a USD 250-million loan to support development of the National Industrial Corridor Development Program (NICDP). From geographical point of view, market is analyzed into five regions, North America, Europe, Asia Pacific, Latin America and Middle East and Africa region. The Asia Pacific carbon flat steel market is expected to grow over the forecast period. Rapid urbanization and increased demand for passenger cars is to propel the market growth in the region. For more information’s@https://www.kennethresearch.com/report-details/flat- carbon-steel-market/10352503 The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report. Rapid Increase in Urbanization to Drive the Growth of the Market As of 2021, 4.46 billion people live in urban areas, and 3.42 billion live in rural areas globally. The world's urban population has grown rapidly from 751 million in 1950 to 4.46 billion in 2021 and will grow to 6.68 billion by 2050, adding about 2.22 billion people to urban areas. 90% of the projected growth of the world's urban population between 2021 and 2050 will occur in Asia and Africa. The increase in urban population

3. is promoting the urban lifestyle, and increasing demand for sectors such as construction & infrastructure and automotive sectors. Hence, it is anticipated to boost the growth of global flat carbon steel market. However, fluctuating expenses of crude materials and production of highly capital- intensive carbon steel are factors expected to operate as key restraint to the growth of flat carbon steel market over the forecast period. This report also provides the existing competitive scenario of some of the key players of theflat carbon steel market which includes company profiling ofPOSCO Steel, Arcelor Mittal, Tata Steel Limited, JFE Steel Corporation, Dongkuk Steel India, Voestalpine High Performance Metals India Pvt. Ltd., Hyundai Steel, Baosteel Group, Nippon Steel, Hesteel Group, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of theflat carbon steel market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. Request Report Sample@ https://www.kennethresearch.com/sample-request- 10352503 Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel

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