North America Carbon Steel Market Size & Outlook
North America carbon steel market, 2018-2030 (US$M)
Related Markets
North America carbon steel market highlights
- The North America carbon steel market generated a revenue of USD 100,095.7 million in 2023.
- The market is expected to grow at a CAGR of 3.7% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 100,095.7 million |
| Market revenue in 2030 | USD 128,772.6 million |
| Growth rate | 3.7% (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, North America region accounted for 10.2% 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 |
|---|
North 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 86.4% in 2023. Horizon Databook has segmented the North 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.
Construction sector of North America is one of the leading sectors globally and contributes significantly to the global GDP. Construction sector in North America has witnessed recovery from the economic recession of 2009 and 2010, leading to an uptick in housing starts and boosting residential & non-residential construction spending.
North America construction sector saw positive growth in 2018 mainly due to wage growth and low borrowing costs for additional housing. This was supported by the flow of investment in major cities. However, construction sector in the U.S. witnessed a slowdown in 2019 and is poised to witness moderate growth in 2020.
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Target buyers of North 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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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 North America carbon steel market , including forecasts for subscribers. This continent databook contains high-level insights into North America carbon steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America carbon steel market size, by country, 2018-2030 (US$M)
North America Carbon Steel Market Outlook Share, 2023 & 2030 (US$M)
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