Europe Carbon Steel Market Size & Outlook, 2023-2030
Europe carbon steel market, 2018-2030 (US$M)
Related Markets
Europe carbon steel market highlights
- The Europe carbon steel market generated a revenue of USD 156,486.1 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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, Russia is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 156,486.1 million |
| Market revenue in 2030 | USD 206,959.3 million |
| Growth rate | 4.1% (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, Europe region accounted for 16.0% 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 |
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Europe 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 88.44% in 2023. Horizon Databook has segmented the Europe 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.
Low carbon steel grades such as AISI 1020 steel find application in various components of automobiles. Applications such as camshafts, axles, light duty gears, shafts, spindles, worm gears, machinery parts, general engineering, and components are manufactured using low carbon steel.
Renovation of dwellings in Europe is anticipated to create numerous opportunities for carbon steel vendors. As per the European Parliament report, over 90% of buildings in Europe were built before 1990 and over 40% before 1960, thus, several buildings require renovation and reconstruction. North & West European regions have more old residential buildings compared to other regions.
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Our clientele includes a mix of carbon steel market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe carbon steel market , including forecasts for subscribers. This continent databook contains high-level insights into Europe carbon steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe carbon steel market size, by country, 2018-2030 (US$M)
Europe Carbon Steel Market Outlook Share, 2023 & 2030 (US$M)
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