Middle East & Africa Stainless Steel Market Size & Outlook
Middle East & Africa stainless steel market, 2018-2030 (US$M)
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MEA stainless steel market highlights
- The MEA stainless steel market generated a revenue of USD 3,558.5 million in 2021.
- The market is expected to grow at a CAGR of 6.3% from 2022 to 2030.
- In terms of segment, 300 series was the largest revenue generating grade in 2021.
- Duplex series is the most lucrative grade segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2021 | USD 3,558.5 million |
| Market revenue in 2030 | USD 6,181.7 million |
| Growth rate | 6.3% (CAGR from 2021 to 2030) |
| Largest segment | 300 series |
| Fastest growing segment | Duplex series |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 200 series, 300 series, 400 series, Duplex series |
| Key market players worldwide | Acerinox SA, Aperam, ArcelorMittal SA Depository Receipt, BAOSTEEL, Jindal Stainless, Nippon Steel Corp, Outokumpu Oyj Class A, POSCO Holdings Inc ADR, Thyssenkrupp AG, Yieh United Steel |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.4% of the global stainless steel market in 2021.
- 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 165,134.6 million by 2030.
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Stainless Steel Market Scope
Stainless Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa stainless steel 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 stainless steel market will help companies and investors design strategic landscapes.
300 series was the largest segment with a revenue share of 63.98% in 2021. Horizon Databook has segmented the Middle East & Africa stainless steel market based on 200 series, 300 series, 400 series, duplex series covering the revenue growth of each sub-segment from 2018 to 2030.
The construction industry in Middle East is expected to expand over the forecast period, driven by positive developments in regional economic conditions and subsequent improvements in investor confidence.
Moreover, the government's various large-scale investments in transport and commercial infrastructure projects due to the upcoming 'World Expo 2020' is expected to be a major driver for stainless steel over the forecast period.
Major countries in the region are expected to witness high economic growth over the coming years owing to the diversification program for other sectors by most of the governments in MEA countries. Under this program, the government’s support for domestic manufacturing is likely to boost regional production levels and reduce the reliance on imports, which is expected to offer lucrative opportunities for the vendors in the market.
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Our clientele includes a mix of stainless steel 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 Middle East & Africa stainless steel market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa stainless steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Stainless Steel Market Outlook Share, 2021 & 2030 (US$M)
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