Asia Pacific Carbon Steel Market Size & Outlook, 2023-2030
Asia Pacific carbon steel market, 2018-2030 (US$M)
Related Markets
Asia Pacific carbon steel market highlights
- The Asia Pacific carbon steel market generated a revenue of USD 653,713.4 million in 2023.
- The market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, low carbon steel was the largest revenue generating type in 2023.
- Low Carbon Steel is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 653,713.4 million |
| Market revenue in 2030 | USD 948,204.4 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Low carbon steel |
| Fastest growing segment | Low Carbon Steel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Carbon Steel, Medium Carbon Steel, High Carbon Steel |
| Key market players worldwide | Cleveland-Cliffs Inc, ArcelorMittal SA Depository Receipt, BAOSTEEL, HBIS, JFE Holdings Inc, Nippon Steel Corp, POSCO Holdings Inc ADR, United States Steel Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 66.7% of the global carbon steel market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 948,204.4 million by 2030.
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Carbon Steel Market Scope
Carbon Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific carbon steel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon steel market will help companies and investors design strategic landscapes.
Low carbon steel was the largest segment with a revenue share of 91.21% in 2023. Horizon Databook has segmented the Asia Pacific carbon steel market based on low carbon steel, medium carbon steel, high carbon steel covering the revenue growth of each sub-segment from 2018 to 2030.
Shipbuilding industry in Southeast Asia and China has witnessed growing demand in several past years. The industry has performed well after economic crisis in 2008. For instance, the Philippines has been gradually growing as one of the leading shipbuilding centers since 2010 and has become the industry’s fourth largest shipbuilding hub in the world.
increasing foreign investments are some of the major factors driving the carbon steel market in the region. Some of the end-use industries include automotive, shipbuilding, oil & gas, and construction. The growth of these industries is anticipated to drive the carbon steel market over the forecast period.
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Target buyers of Asia Pacific carbon steel market databook
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Our clientele includes a mix of carbon steel market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific carbon steel market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific carbon steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific carbon steel market size, by country, 2018-2030 (US$M)
Asia Pacific Carbon Steel Market Outlook Share, 2023 & 2030 (US$M)
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