Asia Pacific Steel Sections Market Size & Outlook
The steel sections market in Asia Pacific is expected to reach a projected revenue of US$ 125,079.7 million by 2030. A compound annual growth rate of 5% is expected of Asia Pacific steel sections market from 2023 to 2030.
Revenue, 2022 (US$M)
$84,796.2
Forecast, 2030 (US$M)
$125,079.7
CAGR, 2023 - 2030
5%
Report Coverage
Asia Pacific
Asia Pacific steel sections market, 2018-2030 (US$M)
Related Markets
Asia Pacific steel sections market highlights
- The Asia Pacific steel sections market generated a revenue of USD 84,796.2 million in 2022.
- The market is expected to grow at a CAGR of 5% from 2023 to 2030.
- In terms of segment, non-residential was the largest revenue generating application in 2022.
- Non-residential is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 84,796.2 million |
| Market revenue in 2030 | USD 125,079.7 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Non-residential |
| Fastest growing segment | Non-residential |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-residential |
| Key market players worldwide | Emirates Steel, Arabian Gulf Steel Industries, ArcelorMittal SA Depository Receipt, Metalloinvest, Shadeed Iron & Steel, Rajhi Steel, RAK Industrial Services, Star Stainless Steel, Union Iron & Steel, Watania Steel |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 68.9% of the global steel sections market in 2022.
- 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 125,079.7 million by 2030.
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Steel Sections Market Scope
Steel sections market segmentation & scope
Construction
Infrastrcture
Industrial
Automotive
Industrial Manufacturing
Power & Energy
Others
Residential
Non-residential
Oil & gas
Chemicals and petrochemicals
Automotive & transportion
Mechanical engineering
Power plant
Steel Sections Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific steel sections 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 steel sections market will help companies and investors design strategic landscapes.
Non-residential was the largest segment with a revenue share of 52.79% in 2022. Horizon Databook has segmented the Asia Pacific steel sections market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Steel Sections Application Outlook (Revenue, USD Million, 2018-2030)
- Construction
- Infrastrcture
- Industrial
- Automotive
- Industrial Manufacturing
- Power & Energy
- Others
- Residential
- Non-residential
- Oil & gas
- Chemicals and petrochemicals
- Automotive & transportion
- Mechanical engineering
- Power plant
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Our clientele includes a mix of steel sections market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific steel sections market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific steel sections market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific steel sections market size, by country, 2018-2030 (US$M)
Asia Pacific Steel Sections Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
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