Hot Rolled Coil Steel Market By Product (Hot Rolled Coils (Thickness below 3mm), and Hot Rolled Coils (Thickness>3mm)), By Application (Automotive, Construction, Home Appliance, Machinery, and Others), By Geographic Scope And Forecast
Report Highlights
Hot Rolled Coil Steel Market Size And Forecast
According to Verified Market Research, the Global Hot Rolled Coil Steel Market was valued at USD 1,72,675.80 Million in 2019 and is projected to reach USD 2,46,078.90 Million by 2027, growing at a CAGR of 4.83% from 2020 to 2027.
Global Hot Rolled Coil Steel Market Overview
Growing industrialization and increase in spending on infrastructure development are the major growth driver for the global hot rolled coil steel market. Furthermore, booming automation industry in developing Asian countries, such as India, China, Japan, and South Korea is another factor that has boosted the market growth. Asian countries, such as Vietnam and the Philippines, are also experiencing considerable growth in auto manufacturing. In addition to the large number of automotive production facilities, low-cost labor and the rising urban population in the area are the other main drivers of market growth.
Global Hot Rolled Coil Steel Market: Segmentation Analysis
The Global Hot Rolled Coil Steel Market is segmented on the basis of Product, Application, and geography.
Global Hot Rolled Coil Steel Market Competitive Landscape
The Global Hot Rolled Coil Steel Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as ArcelorMittal, China Baowu Steel Group Corp., Ltd, Nippon Steel, POSCO, Hesteel Group, JFE Holdings, Inc, Hyundai Steel, Angang Steel Company Limited, Maanshan Iron & Steel Company Limited, and Others.
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