UK Carbon Steel Market Size & Outlook, 2023-2030
UK carbon steel market, 2018-2030 (US$M)
Related Markets
UK carbon steel market highlights
- The UK carbon steel market generated a revenue of USD 6,216.1 million in 2023 and is expected to reach USD 7,428.6 million by 2030.
- The UK market is expected to grow at a CAGR of 2.6% 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 6,216.1 million |
| Market revenue in 2030 | USD 7,428.6 million |
| Growth rate | 2.6% (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, UK accounted for 0.6% 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 Europe, Russia carbon steel market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 31,634.8 million by 2030.
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Carbon Steel Market Scope
Carbon Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 87.38% in 2023. Horizon Databook has segmented the UK 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.
The UK presents a relatively mature and moderately growing construction market. Increasing housing building completions are expected to create a positive impact on the demand for carbon steel. As per the national statistics on house building in the UK, house building completions in Q4 2018 observed growth of 2% compared to Q3 2018 and 1% y-o-y growth in Q4 2017. Low and medium carbon steel is used in various construction applications such as gates, fences, railings, and structural parts of bridges and buildings.
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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 UK carbon steel market , including forecasts for subscribers. This country databook contains high-level insights into UK carbon steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK carbon steel market size, by type, 2018-2030 (US$M)
UK Carbon Steel Market Outlook Share, 2023 & 2030 (US$M)
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