Carbon – The Future of Steel Buildings?
According to a recent Newswire press-release, the global consumption of carbon steel is projected to expand at a CAGR of 3.2% from 2017 to 2023 and will reach 1,569.2 million tons by 2023. The article goes on to say that factors pushing the growth on the carbon steel market include an increased demand from the construction industry in primarily developing nations with growing economies in the APAC region.
Industrial sustainability provides growth to carbon steel demand around the world. The report details that Carbon Content (Low (0.3%), Medium (0.3-0.6%), High (>0.6%), by consumables and by region which includes North America, Europe, Asia-Pacific, Middle East and Africa (MEA), South America). The report studies the global carbon steel market over the forecast period (2017-2023).
Browse full research report with TOC on “Global Carbon Steel Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023” at: https://www.energiasmarketresearch.com/global-carbon-steel-market-outlook/
Key findings from global carbon steel market
- Advanced High-Strength Carbon Steel is now used for nearly every new vehicle design. New grades of steel help automotive OEM to reduce vehicle weight by 22-35% compared to conventional steel
- Geographically, Asia-Pacific is the largest market for carbon steel market in 2016. The growth in the region is primarily due to presence of large industrial base and growing urbanization
- Key players in carbon steel Market are Curtis Steel Co Inc., Arcelor Mittal SA, Omega steel Co., Bushwick Metal LLC, Afarak Group, POSCO, Tata Steel, Nippon Steel & Factory Steel Overstock among others.
Carbon steel- providing infrastructural solution to reduce emission
Steelmakers around the world are continuously making efforts to provide construction solutions enabling energy-efficient and low-carbon-neutral buildings. These solutions are playing crucial role in reducing the environmental impact over the structures’ life cycle and further helps to extend their lifespan through design for disassembly and reuse. As the construction industry is growing worldwide, reducing consumption of natural resources and associated emissions is must for sustainable development. Carbon steel offers the solutions to infrastructure and construction industry across various developing nations through enabling protective coastal and wind-resistant designs. While buildings currently account for about 20% of global greenhouse gas emissions, it may also offer opportunities for reducing emissions and addressing climate change issue. Low cost of steel, readily available and safer, better intrinsic properties, recyclable nature allow for improved environmental performance across the entire life cycle of buildings.
“Carbon steel is the product of the future,” commented John Barber, Founder & CEO for Factory Steel Overstock. “We couldn’t be more thrilled for this advancement in steel building technology.”