Brazil Carbon Steel Market Size & Outlook, 2023-2030
Brazil carbon steel market, 2018-2030 (US$M)
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Brazil carbon steel market highlights
- The Brazil carbon steel market generated a revenue of USD 12,079.9 million in 2023 and is expected to reach USD 16,286.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.4% 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.
Carbon steel market data book summary
| Market revenue in 2023 | USD 12,079.9 million |
| Market revenue in 2030 | USD 16,286.2 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Low carbon steel |
| Fastest growing segment | Low Carbon Steel |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 1.2% of the global carbon steel market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil carbon steel market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 16,286.2 million by 2030.
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Carbon Steel Market Scope
Carbon Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 88.65% in 2023. Horizon Databook has segmented the Brazil 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.
Growing population coupled with increasing per capita disposable income of the middle-class population is expected to propel construction spending in residential sector. As per the Organization for Economic Co-operation and Development, the GDP of Brazil accounted for USD 15,651 per capita in 2018 and is projected to advance at a rate of 2.4% by 2020. The demand for carbon steel in building & construction application is likely to increase over the forecast period in the country.
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Our clientele includes a mix of carbon steel market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil carbon steel market , including forecasts for subscribers. This country databook contains high-level insights into Brazil carbon steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil carbon steel market size, by type, 2018-2030 (US$M)
Brazil Carbon Steel Market Outlook Share, 2023 & 2030 (US$M)
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