DUBLIN, October 3, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Indian Steel Industry 2016-2020" report to their offering.
The Indian steel industry is forecast to grow at a CAGR of 6.99% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One of latest trends in the market is rise of renewable energy industry. The rise of the renewable energy industry will require steel in order to develop infrastructure. The demand for energy by every industry has been on the rise in recent years. However, the natural resources consumed to produce this energy are fast depleting, driving manufacturers to tap energy through renewable resources.
Therefore, steel plays an important role in developing infrastructure for the generation of electricity from renewable energy such as solar, tidal, and wind energy. The use of steel in developing the infrastructure will enable stronger, taller, and lighter-weight tower for wind turbines increasing their productivity as well as reducing carbon emissions associated with their construction. The global wind energy industry is anticipated to grow at a CAGR of 15%-17%. The global solar energy market is anticipated to grow at a CAGR of 13%-15%. All the above applications will lead to higher demand for steel in the near future.
According to the report, one of the primary drivers in the market is growth in automotive industry. The automotive industry has been the primary end-user of steel and is driving steel demand for many years. The automotive industry accounted for 16% share of the Indian steel industry in 2015 is poised to increase at a high rate during the forecast period. This will lead to a constant increase in the demand for steel over the next few years, thereby fueling the market growth
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Essar Steel
- JSW Steel
- Tata Steel
- Bhushan Steel
- Facor Steels
- Gerdau Steel India
- Jindal Steel & Power
- Mahamaya Steels Industries
- MESCO Steel
- VISA Steel
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global iron ore market
PART 06: Global steel scrap market
PART 07: Global steel industry
PART 08: Market landscape
PART 09: Market segmentation by product forms
PART 10: Market segmentation by end-user
PART 11: Market segmentation by steel type
PART 12: Market drivers
PART 13: Impact of drivers
PART 14: Market challenges
PART 15: Impact of drivers and challenges
PART 16: Market trends
PART 17: Vendor landscape
PART 18: Appendix
PART 19: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/c7hpf5/indian_steel
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets