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Global carbon steel market poised for significant growth by 2032.
Demand driven by automotive, construction, and infrastructure sectors.
Focus on eco-friendly, high-strength variants to shape market trends.
According to a recent report by Coherent Market Insights (CMI), the global carbon steel market is projected to experience robust growth between 2025 and 2032. Driven by increasing demand from the automotive, construction, infrastructure, and energy sectors, carbon steel continues to hold a significant share in the global steel industry.
The report highlights that rising urbanization, infrastructure development, and automotive production are key factors propelling market growth. Additionally, advancements in carbon steel grades and production technologies are offering industries cost-effective and durable solutions, further boosting demand.
Asia-Pacific remains the largest market, with China and India being the top consumers, while North America and Europe are anticipated to register steady growth due to ongoing industrial expansion and replacement demand in infrastructure projects.
CMI’s insights also point toward an increased focus on eco-friendly steelmaking practices and the development of high-strength, lightweight variants, which are expected to create lucrative opportunities for market players in the coming years.
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