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The carbon steel market size is forecast to increase by USD 187.59 billion at a CAGR of 3.58% between 2023 and 2028. The market is experiencing significant shifts due to various drivers, trends, and challenges. One key trend is the increasing emphasis on greener production methods to reduce the carbon footprint of carbon steel. This is being driven by sustainability regulations and the desire to counterbalance the environmental impact of carbon steel production. Volatile prices of raw materials, such as iron ore and coking coal, are also influencing market dynamics. Competition from alternatives, including aluminum, composites, and stainless steel, is another challenge facing the market. However, infrastructure development plans and government expenditure on infrastructure projects are expected to provide a counterbalance. Greenate certified steel, which is produced using more sustainable methods, is gaining popularity as a green steel alternative. Overall, the market is undergoing transformative changes, requiring companies to adapt to new production methods and market conditions to remain competitive.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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