UAE Long Steel Products Market Size & Outlook, 2022-2030
UAE long steel products market, 2018-2030 (US$M)
Related Markets
UAE long steel products market highlights
- The UAE long steel products market generated a revenue of USD 2,803.3 million in 2022 and is expected to reach USD 3,351.2 million by 2030.
- The UAE market is expected to grow at a CAGR of 2.3% 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 2,803.3 million |
| Market revenue in 2030 | USD 3,351.2 million |
| Growth rate | 2.3% (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, UAE 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 Middle East & Africa, Saudi Arabia long steel products market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3,351.2 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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UAE 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 40.39% in 2022. Horizon Databook has segmented the UAE long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
The United Arab Emirates (UAE) has a significant demand for steel long products driven by ongoing infrastructure projects and the expanding construction industry. The UAE does not have significant reserves of iron ore, the main raw material used in the production of steel, and therefore relies mainly on imports. The country imports iron ore mainly from Brazil, Australia, and South Africa.
However, the UAE has made significant investments in the development of its domestic mining industry to produce raw materials for steel production. For example, Emirates Steel, the largest producer of steel in the UAE, operates a direct-reduced iron (DRI) plant in Abu Dhabi, which produces raw materials for steel production.
The company produces a wide range of steel products including rebar, wire rod, and structural steel. Other companies involved in the production of steel products in the UAE include Union Iron and Steel Company, Conares, and Hamriyah Steel.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the UAE long steel products market , including forecasts for subscribers. This country databook contains high-level insights into UAE long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE long steel products market outlook size, by product, 2018-2030 (US$M)
UAE Long Steel Products Market Outlook Share, 2022 & 2030 (US$M)
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