Asia Pacific Flat Steel Market Size & Outlook, 2022-2030
Asia Pacific flat steel market, 2018-2030 (US$M)
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Asia Pacific flat steel market highlights
- The Asia Pacific flat steel market generated a revenue of USD 494,816.1 million in 2022.
- The market is expected to grow at a CAGR of 3.3% from 2023 to 2030.
- In terms of segment, plates was the largest revenue generating product in 2022.
- Plates is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 494,816.1 million |
| Market revenue in 2030 | USD 639,168.8 million |
| Growth rate | 3.3% (CAGR from 2022 to 2030) |
| Largest segment | Plates |
| Fastest growing segment | Plates |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sheets & Coils, Plates |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, BAOSTEEL, JFE Holdings Inc, Nippon Steel Corp, Nucor Corp, Outokumpu Oyj Class A, POSCO Holdings Inc ADR, Tata Steel Ltd GDR - 144A, Thyssenkrupp AG, United States Steel Corp, Voestalpine AG, Ezz Steel, HBIS |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 60.6% of the global flat steel market in 2022.
- 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 639,168.8 million by 2030.
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Flat Steel Market Scope
Flat Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific flat 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 flat steel market will help companies and investors design strategic landscapes.
Plates was the largest segment with a revenue share of 65.48% in 2022. Horizon Databook has segmented the Asia Pacific flat steel market based on sheets & coils, plates covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the fastest growing market for flat steel. Countries such as China, India and Japan are expected to witness high growth rates owing to rising demands of the giant population. Growing consumer demand owing to changing lifestyle, rising level of disposable income of middle class family and growing population is expected to continue over the forecast period.
Moreover, growing demand for flat steel products from end use industries such including building & construction, automotive, mechanical equipment and domestic appliances due to lower price in this region is expected to drive demand over the forecast period.
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Target buyers of Asia Pacific flat steel market databook
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Our clientele includes a mix of flat 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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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 Asia Pacific flat steel market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific flat steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific flat steel market size, by country, 2018-2030 (US$M)
Asia Pacific Flat Steel Market Outlook Share, 2022 & 2030 (US$M)
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