According to the research report titled ‘Flat Steel Market Size By Product (Hot Rolled Flat Sheets, Hot Rolled Coils, Electrical Sheet & Strip, Metallic Coated Sheet & Strip, Non-Metallic Coated Sheet & Strip, Tin Plates), By End-Use (Building & Infrastructure {Residential, Commercial, Transport Networks, Utilities}, Automotive & Transportation, Mechanical equipment, Electrical appliances, Agriculture equipment, Gas Containers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report, global flat steel market is likely to register substantial growth during 2019-2026.
 

Widespread product adoption in applications such as automotive, building & infrastructure, and transport network is one of the key factors driving the growth of global flat steel market. For those unaware, flat steel is usually made up of both steel plates and sheets which are rolled from semi-finished steel byproduct called slabs.
 

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Based on product landscape, the report cites that the non-metallic coated sheet & strip segment is likely to generate lucrative revenues for the market majors during the study period. This product is known to provide exceptional adhesion properties as well as high aesthetic quality.
 

On the other hand, global flat steel market share from tin plates segment is predicted to expand with a CAGR of 3% through 2026, owing to its beneficial attributes such as corrosion resistance and weldability. Tin plate is widely used in packaging applications considering it offers a good appearance, low melting point, and has lubricant properties.
 

Citing the end-user landscape, the report claims that the transport networks segment is estimated to capture a sizable market share in the ensuing years, primarily driven by growing demand for lightweight sheets & strips while manufacturing automobiles.
 

The agriculture equipment segment is also likely to expand considerably during the study period, on account of flat steel’s high resistance and easy formability properties.
 

The others segment, which involves domestic and ship building applications, accounts for 3.5% market share. Flat steel is widely adopted in ovens and refrigerators owing to its high versatility and durability.
 

Regionally, flat steel industry size in Middle East & Africa is reckoned to witness a robust CAGR during the study period, primarily driven by rapid technological breakthroughs in automotive manufacturing processes.
 

The prominent companies operating in global flat steel market are Wuhan Iron & Steel Corporation, Allegheny Technologies Inc., Severstal JSC, Nucor Corporation, Gerdau S.A., Voestalpine AG, China Steel Corporation, ThyssenKrupp AG, Essar Group, Hyundai Steel Co. Ltd., Tata Steel Limited, ArcelorMittal S.A., Nippon Steel Corporation, and POSCO among others.