Middle East & Africa Carbon Steel Market Size & Outlook

The carbon steel market in Middle East & Africa is expected to reach a projected revenue of US$ 55,933.4 million by 2030. A compound annual growth rate of 2.9% is expected of Middle East & Africa carbon steel market from 2024 to 2030.
Revenue, 2023 (US$M)
$45,878.5
Forecast, 2030 (US$M)
$55,933.4
CAGR, 2024 - 2030
2.9%
Report Coverage
Middle East & Africa

MEA carbon steel market highlights

  • The MEA carbon steel market generated a revenue of USD 45,878.5 million in 2023.
  • The market is expected to grow at a CAGR of 2.9% 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.


MEA data book summary

Market revenue in 2023USD 45,878.5 million
Market revenue in 2030USD 55,933.4 million
Growth rate2.9% (CAGR from 2023 to 2030)
Largest segmentLow carbon steel
Fastest growing segmentLow Carbon Steel
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLow Carbon Steel, Medium Carbon Steel, High Carbon Steel
Key market players worldwideCleveland-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, MEA region accounted for 4.7% 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.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Carbon Steel Market Scope

Carbon steel market segmentation & scope
Low Carbon Steel
Medium Carbon Steel
High Carbon Steel
Shipbuilding
Construction
Automotive
Other Applications

Carbon Steel Market Companies

Name Profile # Employees HQ Website

Middle East & Africa 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 87.58% in 2023. Horizon Databook has segmented the Middle East & Africa 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.


Construction industry in the Middle East is expected to expand over the forecast period owing to the positive developments in regional economic conditions and subsequent improvement in investor confidence. Moreover, the government's various large-scale investments in transport and commercial infrastructure projects due to the upcoming 'World Expo 2020' event are expected to boost the demand for carbon steel over the forecast period.


Major countries in the region are expected to witness high economic growth over the coming years owing to the diversification program for other sectors by most of the governments in the MEA countries. Under this program, the government’s support for domestic manufacturing is likely to boost regional production levels and reduce the reliance on imports, which is expected to offer lucrative opportunities for the vendors in the market.

Reasons to subscribe to Middle East & Africa carbon steel market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Middle East & Africa carbon steel market databook

  • Our clientele includes a mix of carbon steel market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 Middle East & Africa carbon steel market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa carbon steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Middle East & Africa carbon steel market

Middle East & Africa Carbon Steel Market Outlook Share, 2023 & 2030 (US$M)

Middle East & Africa carbon steel market

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more