Latin America Long Steel Products Market Size & Outlook
Latin America long steel products market, 2018-2030 (US$M)
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Latin America long steel products market highlights
- The Latin America long steel products market generated a revenue of USD 25,067.6 million in 2022.
- The market is expected to grow at a CAGR of 2.1% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 25,067.6 million |
| Market revenue in 2030 | USD 29,539.3 million |
| Growth rate | 2.1% (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, Latin America region accounted for 3.3% 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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Latin America 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 43.33% in 2022. Horizon Databook has segmented the Latin America long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America are significant consumers of long steel in the world owing to their growing economies and increasing number of infrastructure development projects being carried out in the region. In Central & South America, the demand for long steel products is largely driven by the construction and infrastructure sectors.
The region is experiencing rapid urbanization, which is increasing demand for residential and commercial construction projects. Additionally, investments in infrastructure projects such as roads, bridges, and ports are also driving demand for long steel products.
The market for long steel products in Central & South America is highly competitive, with a large number of domestic and international players operating in the region. Some of the major producers of long steel products in the region include Gerdau, ArcelorMittal, and Ternium, among others. The market is characterized by price competition, with players competing on the basis of price, quality, and service.
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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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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 Latin America long steel products market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America long steel products market outlook size, by country, 2018-2030 (US$M)
Latin America Long Steel Products Market Outlook Share, 2022 & 2030 (US$M)
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