Asia Pacific Long Steel Products Market Size & Outlook
Asia Pacific long steel products market, 2018-2030 (US$M)
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Asia Pacific long steel products market highlights
- The Asia Pacific long steel products market generated a revenue of USD 495,135.9 million in 2022.
- The market is expected to grow at a CAGR of 4.4% from 2023 to 2030.
- In terms of segment, rebars was the largest revenue generating product in 2022.
- Wire Rods 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 495,135.9 million |
| Market revenue in 2030 | USD 698,480.4 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Rebars |
| Fastest growing segment | Wire Rods |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rebars, Wire Rods, Sections, Tubes |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Jindal Stainless, Emirates Steel, Arabian Gulf Steel Industries, Hamriyah Steel, Rajhi Steel, Union Iron & Steel, Watania Steel |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 65.9% of the global long steel products 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 698,480.4 million by 2030.
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Long Steel Products Market Scope
Long Steel Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific long steel products 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 long steel products market will help companies and investors design strategic landscapes.
Rebars was the largest segment with a revenue share of 33.67% in 2022. Horizon Databook has segmented the Asia Pacific long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
China is the largest producer and consumer of long steel products in the Asia Pacific region, accounting for more than half of the region's production and consumption. Other major markets for long steel products in the region include Japan, South Korea, India, and Southeast Asian countries such as Indonesia, Vietnam, and Thailand.
In recent years, the Asia Pacific long steel products market has faced challenges due to global oversupply of steel, increased competition from other steel-producing countries, and the impact of the COVID-19 pandemic on the region's economies.
However, there are also opportunities for growth and investment, particularly for companies with strong distribution networks and a focus on quality and reliability. Long steel products such as steel tubes or wire rods are typically made using raw materials such as iron ore, coal, and limestone. Iron ore is the main raw material used in the production of steel.
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Target buyers of Asia Pacific long steel products market databook
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Our clientele includes a mix of long steel products 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 long steel products market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific long steel products market outlook size, by country, 2018-2030 (US$M)
Asia Pacific Long Steel Products Market Outlook Share, 2022 & 2030 (US$M)
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