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

Questions Answered:

• 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?

Companies Mentioned:

• Essar Steel
• JSW Steel
• RINL
• SAIL
• Tata Steel
• Bhushan Steel
• Facor Steels
• Gerdau Steel India
• Jindal Steel & Power
• Mahamaya Steels Industries
• MESCO Steel
• VISA Steel

Report Structure:

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

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SOURCE Research and Markets