Philippines Long Steel Products Market Size & Outlook
Philippines long steel products market, 2018-2030 (US$M)
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Philippines long steel products market highlights
- The Philippines long steel products market generated a revenue of USD 4,004.1 million in 2022 and is expected to reach USD 6,058.5 million by 2030.
- The Philippines market is expected to grow at a CAGR of 5.3% 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 4,004.1 million |
| Market revenue in 2030 | USD 6,058.5 million |
| Growth rate | 5.3% (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, Philippines accounted for 0.5% 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.
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Long Steel Products Market Scope
Long Steel Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Philippines 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 47.79% in 2022. Horizon Databook has segmented the Philippines long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for long steel products, such as bars, and wire rods, in the Philippines is primarily driven by its flourishing construction industry, which accounts for a share of over 78% of the total long steel products market in the country.
The Government of the Philippines has been investing in various infrastructure development projects, such as the Build, Build, Build program for the construction of airports, seaports, highways, bridges, and railways. These projects are driving the demand for long steel products in the country.
Moreover, the growth of the real estate sector, particularly in the residential and commercial segments, in the Philippines has also contributed to the surged demand for long steel products in the country. Additionally, the growing population and the ongoing urbanization in the Philippines have led to high demand for construction materials, including long steel products, thereby driving the growth of the market.
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Target buyers of Philippines 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 country-level data and insights on the Philippines long steel products market , including forecasts for subscribers. This country databook contains high-level insights into Philippines long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Philippines long steel products market outlook size, by product, 2018-2030 (US$M)
Philippines Long Steel Products Market Outlook Share, 2022 & 2030 (US$M)
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