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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Carbon Steel Plate Market By Grade, By Form By Application and By End Use and Geography
Carbon Steel Plate Market size was valued at US$ 956.45 billion in 2023 and is expected to grow at a CAGR of 3.9% from 2024-2030. A steel alloy with a minimum of 2.1% carbon content is called carbon steel. Carbon steels often have low compressive strength and are soft. However, they do have a high ductility, which makes them perfect for welding and machines. Increased production of automobiles, increased use of carbon steel in the production of pipes and tubes for construction, and increased uses of carbon steel across a variety of end-user sectors are all contributing to the growth of the carbon steel plate market. Based on the form the market is segmented into Hot Rolled and Cold Rolled. The hot-rolled carbon steel plate form is likely to hold the highest market share over the forecast period. Due to their strong and long-lasting, they can be used, in both automobiles and electric appliances. However, some factors such as strict laws, regulations, and initiatives for reducing carbon footprints, and an increase in steel prices from the previous year hampered the market growth.
In Feb 2020, Koppers Carbon Chemical Company Ltd. (KJCC) was acquired by Nippon Steel Corporation.
Study Period
2024-2030Base Year
2023CAGR
3.9%Largest Market
Asia PacificFastest Growing Market
North America
Buildings that are low-carbon and energy-efficient are in greater demand globally. Throughout the entire life cycle of a structure, carbon steel offers high strength, adaptability, durability, and complete recyclability, making it an inexpensive and safer alternative. Several macroeconomic and demographic factors, including the expansion of the infrastructure and construction industries, the manufacture of automobiles, and the rising preference for carbon steel over materials like heavy walled cast iron, alumina, and concrete due to its corrosion resistance, ease of installation, and breaking stress, have a significant impact on the market. The fabrication of pipes and tubes out of carbon steel is being used more frequently, and a variety of end-user industries are using carbon steel more frequently as well. Demand for carbon steel is being driven by the global automotive industry's consistent growth, which is fueling the market's revenue growth.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 956.45 billion |
Market CAGR |
3.9% |
By Grade |
|
By Form |
|
By Application |
|
By End-user |
|
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The carbon steel plate market size was valued at US$ 956.45 billion in 2023
Marubeni Itochu Steel Inc., Baosteel Group, POSCO, SHAGANG GROUP Inc., The Ansteel Group Corporation, WISCO-Wuhan Iron & Steel, JFE Steel Corporation, Taiyuan Iron & Steel (Group) Co., Ltd.
Asia-Pacific is the fastest-growing region for carbon steel plate market
1.Executive Summary |
2.Global Carbon Steel Plate Market Introduction |
2.1.Global Carbon Steel Plate Market - Taxonomy |
2.2.Global Carbon Steel Plate Market - Definitions |
2.2.1.Grade |
2.2.2.Form |
2.2.3.Application |
2.2.4.End User |
2.2.5.Region |
3.Global Carbon Steel Plate Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Carbon Steel Plate Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Carbon Steel Plate Market By Grade, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Low-Carbon steel |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Medium-Carbon Steel |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. High-Carbon Steel |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Ultra High-Carbon Steel |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6.Global Carbon Steel Plate Market By Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Hot Rolled |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Cold Rolled |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7.Global Carbon Steel Plate Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Basic and Perforated Sheets |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Angle |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Channels |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Beams |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Normal Plates and Floor Plate |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Pipes |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
7.7. Tubes |
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.7.3. Market Opportunity Analysis |
7.8. Bars |
7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.8.3. Market Opportunity Analysis |
7.9. Struts |
7.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.9.3. Market Opportunity Analysis |
7.10. Grating |
7.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.10.3. Market Opportunity Analysis |
8.Global Carbon Steel Plate Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Automotive |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Construction |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Railways |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Shipbuilding & Marine |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Aerospace |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Energy |
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
8.7. Heavy Engineering and Equipment |
8.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.7.3. Market Opportunity Analysis |
8.8. Consumer Appliances |
8.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.8.3. Market Opportunity Analysis |
8.9. Cutting Tools |
8.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.9.3. Market Opportunity Analysis |
9.Global Carbon Steel Plate Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Carbon Steel Plate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Low-Carbon steel |
10.1.2.Medium-Carbon Steel |
10.1.3.High-Carbon Steel |
10.1.4.Ultra High-Carbon Steel |
10.2. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Hot Rolled |
10.2.2.Cold Rolled |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Basic and Perforated Sheets |
10.3.2.Angle |
10.3.3.Channels |
10.3.4.Beams |
10.3.5.Normal Plates and Floor Plate |
10.3.6.Pipes |
10.3.7.Tubes |
10.3.8.Bars |
10.3.9.Struts |
10.3.10.Grating |
10.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Automotive |
10.4.2.Construction |
10.4.3.Railways |
10.4.4.Shipbuilding & Marine |
10.4.5.Aerospace |
10.4.6.Energy |
10.4.7.Heavy Engineering and Equipment |
10.4.8.Consumer Appliances |
10.4.9.Cutting Tools |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Carbon Steel Plate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Grade Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Low-Carbon steel |
11.1.2.Medium-Carbon Steel |
11.1.3.High-Carbon Steel |
11.1.4.Ultra High-Carbon Steel |
11.2. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Hot Rolled |
11.2.2.Cold Rolled |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Basic and Perforated Sheets |
11.3.2.Angle |
11.3.3.Channels |
11.3.4.Beams |
11.3.5.Normal Plates and Floor Plate |
11.3.6.Pipes |
11.3.7.Tubes |
11.3.8.Bars |
11.3.9.Struts |
11.3.10.Grating |
11.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Automotive |
11.4.2.Construction |
11.4.3.Railways |
11.4.4.Shipbuilding & Marine |
11.4.5.Aerospace |
11.4.6.Energy |
11.4.7.Heavy Engineering and Equipment |
11.4.8.Consumer Appliances |
11.4.9.Cutting Tools |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Carbon Steel Plate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Grade Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Low-Carbon steel |
12.1.2.Medium-Carbon Steel |
12.1.3.High-Carbon Steel |
12.1.4.Ultra High-Carbon Steel |
12.2. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Hot Rolled |
12.2.2.Cold Rolled |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Basic and Perforated Sheets |
12.3.2.Angle |
12.3.3.Channels |
12.3.4.Beams |
12.3.5.Normal Plates and Floor Plate |
12.3.6.Pipes |
12.3.7.Tubes |
12.3.8.Bars |
12.3.9.Struts |
12.3.10.Grating |
12.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Automotive |
12.4.2.Construction |
12.4.3.Railways |
12.4.4.Shipbuilding & Marine |
12.4.5.Aerospace |
12.4.6.Energy |
12.4.7.Heavy Engineering and Equipment |
12.4.8.Consumer Appliances |
12.4.9.Cutting Tools |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Carbon Steel Plate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Grade Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Low-Carbon steel |
13.1.2.Medium-Carbon Steel |
13.1.3.High-Carbon Steel |
13.1.4.Ultra High-Carbon Steel |
13.2. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Hot Rolled |
13.2.2.Cold Rolled |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Basic and Perforated Sheets |
13.3.2.Angle |
13.3.3.Channels |
13.3.4.Beams |
13.3.5.Normal Plates and Floor Plate |
13.3.6.Pipes |
13.3.7.Tubes |
13.3.8.Bars |
13.3.9.Struts |
13.3.10.Grating |
13.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Automotive |
13.4.2.Construction |
13.4.3.Railways |
13.4.4.Shipbuilding & Marine |
13.4.5.Aerospace |
13.4.6.Energy |
13.4.7.Heavy Engineering and Equipment |
13.4.8.Consumer Appliances |
13.4.9.Cutting Tools |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Carbon Steel Plate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Grade Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Low-Carbon steel |
14.1.2.Medium-Carbon Steel |
14.1.3.High-Carbon Steel |
14.1.4.Ultra High-Carbon Steel |
14.2. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Hot Rolled |
14.2.2.Cold Rolled |
14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Basic and Perforated Sheets |
14.3.2.Angle |
14.3.3.Channels |
14.3.4.Beams |
14.3.5.Normal Plates and Floor Plate |
14.3.6.Pipes |
14.3.7.Tubes |
14.3.8.Bars |
14.3.9.Struts |
14.3.10.Grating |
14.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Automotive |
14.4.2.Construction |
14.4.3.Railways |
14.4.4.Shipbuilding & Marine |
14.4.5.Aerospace |
14.4.6.Energy |
14.4.7.Heavy Engineering and Equipment |
14.4.8.Consumer Appliances |
14.4.9.Cutting Tools |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Arcelor Mittal |
15.2.2.NIPPON STEEL & SUMITOMO METAL CORPORATION |
15.2.3.Hitachi, Ltd. |
15.2.4.Kobe Steel, Ltd. |
15.2.5.EVRAZ |
15.2.6.Marubeni Itochu Steel Inc. |
15.2.7.Baosteel Group |
15.2.8.POSCO |
15.2.9.SHAGANG GROUP Inc. |
15.2.10.The Ansteel Group Corporation |
15.2.11.WISCO-Wuhan Iron & Steel |
15.2.12.JFE Steel Corporation |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players