Latin America Carbon Steel Market Size & Outlook
Latin America carbon steel market, 2018-2030 (US$M)
Related Markets
Latin America carbon steel market highlights
- The Latin America carbon steel market generated a revenue of USD 24,145.6 million in 2023.
- The market is expected to grow at a CAGR of 3.4% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 24,145.6 million |
| Market revenue in 2030 | USD 30,561.9 million |
| Growth rate | 3.4% (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, Latin America region accounted for 2.5% 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 |
|---|
Latin America 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 88.66% in 2023. Horizon Databook has segmented the Latin America 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.
Residential construction spending is anticipated to remain high owing to the burgeoning middle-class population, rising consumer disposable income, and growing awareness regarding sustainable construction materials by investing in home ownership.
The governments in South America are also encouraging real estate market by offering cash incentives for councils to approve new housing developments. Carbon steel and other building materials are largely used in residential housing projects to build lasting yet inexpensive buildings. These factors are likely to have a positive impact on carbon steel market in Central & South America.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America carbon steel market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America carbon steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America carbon steel market size, by country, 2018-2030 (US$M)
Latin America Carbon Steel Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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