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Single User License: Iron & Steel Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Iron & Steel Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure. Iron is one of the most abundant elements on the earth and the widely used metal across various applications. It is commonly found in oxide form in its ores. Some of the ores of iron are magnetite, hematite, goethite, limonite and siderite. Hematite and magnetite are the iron rich ores (greater than 60% iron) and are used for extracting iron commercially. Iron can be classified, based on the carbon content, into three types, viz., pig iron, wrought iron and cast iron. Pig iron is the most commonly produced type. It is further converted into other types by further purification though reduction and other processes. Wrought iron is now obsolete and has been substituted by steel. Browse Full Report with TOC: http://www.transparencymarketresearch.com/iron-steel-market.html Globally, majority of the iron produced goes into steel production. Steel is an iron alloy with carbon (2% of the weight) and other hardening elements such as boron, chromium, manganese, molybdenum, nickel, niobium, titanium and vanadium. Steel is harder, less ductile and has more tensile strength than pure iron. These properties have allowed the use of steel for structural purposes and applications where material strength is very important. Steel is a vital product used in almost all sectors in the modern industrial era. The market is driven by increasing demand from the recovering construction activities, particularly in developed regions of North America and Europe. However, depleting iron ore mines and degrading ore quality is expected to hinder the market growth. Iron & steel market can be classified based on its end-user industries into five segments as building & construction, automotive, transportation, machine & equipment and others. Building & construction is estimated to be the largest as well as the fastest growing end-user market for iron & steel industry. Rapid growth in automotive and transport end-user market is expected to further aid the iron & steel market growth over the next six years. Iron is largely obtained from mining of its ores. A significant volume in the market is recovered from scrapping activities. Rising awareness about the harmful effects of excessive mining activities is increasing adoption of iron recovery from scrap. Rising
prices of metal scrap is also helping this channel of iron supply. Major iron producing countries include China, Australia, Brazil, India, Japan, Russia, Ukraine, South Korea and Germany. In terms of geography, Asia Pacific is estimated to be the leading market attributed to the fast growing industrial applications as well as rapidly growing mining activities. The region is witnessing major growth in China, India and other South East Asian countries. China is the largest consumer of steel worldwide and is anticipated to remain so in the near future. Other BRICS countries are also showing significant growth in consumption of iron & steel in various industries riding on the above average GDP growth. Some of the key players in the iron and steel market include ArcelorMittal S.A., Bridon International Ltd., Insteel Industries Inc., Kobe Steel Ltd., Leggett & Platt Incorporated, N.V. Bekaert SA, POSCO, Steel Authority of India Ltd., Tata Steel Ltd., and Tree Island Industries Ltd., among others. Read More Reports on Chemical and Materials Markets: http://www.transparencymarketresearch.com/chemical-marketreports-2.html This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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