The Rolled And Drawn Steel Global Market Report 2023, provides comprehensive information on the rolled and drawn steel market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global rolled and drawn steel market size is expected to grow from $238.01 billion in 2022 to $256.52 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global rolled and drawn steel market size is expected to reach $328.54 billion in 2027 at a CAGR of 6.4%.
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Product innovation is the key trend gaining popularity in the rolled and drawn steel market. Major companies operating in the rolled and drawn steel market are focused on developing innovative products to strengthen their position in the market. For instance, in May 2021, ArcelorMittal, a Luxembourg-based multinational steel manufacturing and mining corporation, launched Granite HDXtreme, a pre-painted steel created for usage in harsh environments. Granite HDXtreme is environmentally friendly since it is 100% biodegradable, devoid of chromates and heavy metals, and it has a lower carbon footprint than other materials like aluminum. Its strength originates from its 75-m three-layer coating technique. Each layer serves a distinct yet crucial purpose. The primer layer is crucial for preventing corrosion. A basecoat is applied on top of that to create the final color and assure the steel’s endurance. The coating is completed with a layer of varnish, which gives it texture, boosts its toughness and longevity, and improves its capacity to withstand UV (ultraviolet) rays.
The rolled and drawn steel market is segmented:
1) By Type: Color Coated Coil, Continuous Hot Dip Galvanized Steel Coil, Carbon Structural Steel Cold Rolled Coils, Deep Drawing Cold Rolled Coils
2) By Manufacturing Process: Basic Oxygen Furnace (BOF), Electric Arc Furnace (EAF)
3) By Application: Automotive, Construction, Home Appliance, Machinery, Other Applications
Asia-Pacific was the largest region in the rolled and drawn steel market in 2022.
The table of contents in TBRC’s rolled and drawn steel market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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