Malaysia Long Steel Products Market Size & Outlook
Malaysia long steel products market, 2018-2030 (US$M)
Related Markets
Malaysia long steel products market highlights
- The Malaysia long steel products market generated a revenue of USD 2,868.2 million in 2022 and is expected to reach USD 3,966.3 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 4.1% 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.
Long steel products market data book summary
| Market revenue in 2022 | USD 2,868.2 million |
| Market revenue in 2030 | USD 3,966.3 million |
| Growth rate | 4.1% (CAGR from 2022 to 2030) |
| Largest segment | Rebars |
| Fastest growing segment | Wire Rods |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Malaysia accounted for 0.4% of the global long steel products market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China long steel products market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 69,674.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Long Steel Products Market Scope
Long Steel Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Malaysia 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 41.05% in 2022. Horizon Databook has segmented the Malaysia long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
According to a report by the Malaysian Iron and Steel Industry Federation (MISIF), the steel consumption in the country increased by 7.5% to reach 12.4 million tons in 2021, following the easing of the COVID-19 restrictions and the increasing number of government initiatives undertaken to boost the growth of the construction industry in Malaysia.
The demand for long steel products such as steel bars and wire rods is expected to surge in the coming years in the country owing to the rise in the number of infrastructure development and construction projects.
The Government of Malaysia has announced several infrastructure development projects, including the Pan Borneo Highway, the East Coast Rail Link (ECRL), and the Kuala Lumpur-Singapore High Speed Rail (HSR) project, which are expected to increase the demand for long steel products in the country in the coming years.
Reasons to subscribe to Malaysia long steel products market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Malaysia long steel products market databook
-
Our clientele includes a mix of long steel products market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Malaysia long steel products market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Malaysia long steel products market outlook size, by product, 2018-2030 (US$M)
Malaysia Long Steel Products Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
