United States Mild Steel Sheet Market was valued at USD 15 Billion in 2022 and is projected to reach USD 20 Billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030.
The US Mild Steel Sheet Market has experienced significant growth in recent years, driven by the growing demand across various industries. Mild steel sheets are known for their versatility, affordability, and ease of fabrication, making them a preferred choice for numerous applications. These sheets find extensive use in sectors such as automotive, construction, manufacturing, and appliance production. In fact, the mild steel sheet market plays a crucial role in shaping the US economy by providing materials that are essential for the production of a wide range of goods.
One of the primary factors fueling the demand for mild steel sheets is the construction industry. As urbanization accelerates, the need for infrastructure development has skyrocketed. Steel sheets are used extensively in building frameworks, roofing, and even in the production of essential construction tools. Mild steel is particularly favored for its strength-to-weight ratio and its ability to withstand environmental pressures. In fact, steel structures have become a cornerstone in modern architecture, with mild steel sheets often being the material of choice for structural integrity.
The automotive industry is another major consumer of mild steel sheets in the US. These sheets are used to fabricate body panels, chassis, and other components that require high strength and durability. With a continuous push for cost-effective manufacturing, mild steel provides a cost-efficient alternative to more expensive alloys while still maintaining performance and safety standards. The demand from the automotive sector is expected to remain strong, given the ongoing production of vehicles and the rising trend of electric vehicle manufacturing that also utilizes mild steel sheets.
Additionally, the appliance manufacturing industry heavily relies on mild steel sheets for making everyday household items such as refrigerators, washing machines, and ovens. Mild steel's affordability, flexibility, and resistance to wear and tear make it ideal for such applications. The ease with which it can be molded into different shapes adds to its popularity in producing high-quality appliances that meet consumer demand.
Overall, the US Mild Steel Sheet Market is poised for sustained growth as industries continue to seek reliable, cost-effective materials. The demand from construction, automotive, and appliance manufacturing sectors is expected to drive the market forward, as mild steel remains integral to the production of essential goods and services.
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NSSC
ArcelorMittal
POSCO
Angang Steel
JFE Steel Corporation
Tata Steel Group
Shougang Group
Gerdau
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Mild Steel Sheet Market
Thin Sheets (Up to 2mm)
Medium Sheets (2mm - 6mm)
Thick Sheets (Above 6mm)
Galvanized Coating
Painted Finish
Cold Rolled
Hot Rolled
Construction
Automotive
Shipbuilding
Manufacturing
Home Appliances
Fabrication
Structural Components
Electrical Enclosures
Automotive Parts
Flat Sheets
Coiled Sheets
Plates
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Mild Steel Sheet Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Mild Steel Sheet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Mild Steel Sheet Market, By Type
6. US Mild Steel Sheet Market, By Application
7. US Mild Steel Sheet Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Mild Steel Sheet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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