Asia Pacific Steel Market Size & Outlook, 2023-2030
The steel market in Asia Pacific is expected to reach a projected revenue of US$ 1,337,649.2 million by 2030. A compound annual growth rate of 5.2% is expected of Asia Pacific steel market from 2024 to 2030.
Revenue, 2023 (US$M)
$940,951.5
Forecast, 2030 (US$M)
$1,337,649.2
CAGR, 2024 - 2030
5.2%
Report Coverage
Asia Pacific
Asia Pacific steel market, 2018-2030 (US$M)
Asia Pacific steel market highlights
- The Asia Pacific steel market generated a revenue of USD 940,951.5 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, flat was the largest revenue generating product type in 2023.
- Flat is the most lucrative product type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 940,951.5 million |
| Market revenue in 2030 | USD 1,337,649.2 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Flat |
| Fastest growing segment | Flat |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Flat |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 64.1% of the global steel market in 2023.
- 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 1,337,649.2 million by 2030.
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Steel Market Scope
Steel market segmentation & scope
End Use
Building & Construction
Automotive & Aerospace
Railways & Highways
Others
Countries
U.S.
Canada
Mexico
Denmark
France
Germany
Italy
UK
Spain
Sweden
Norway
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait
Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific steel market
Related regional statistics
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