U.S. Steel Wire Rods Market Size & Outlook, 2023-2030
U.S. steel wire rods market, 2018-2030 (US$M)
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U.S. steel wire rods market highlights
- The U.S. steel wire rods market generated a revenue of USD 11,059.3 million in 2022 and is expected to reach USD 15,744.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.5% from 2023 to 2030.
- In terms of segment, construction was the largest revenue generating application in 2022.
- Industrial Manufacturing is the most lucrative application segment registering the fastest growth during the forecast period.
Steel wire rods market data book summary
| Market revenue in 2022 | USD 11,059.3 million |
| Market revenue in 2030 | USD 15,744.3 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Construction |
| Fastest growing segment | Industrial Manufacturing |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Construction, Automotive, Industrial Manufacturing, Power & Energy |
| 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, U.S. accounted for 6.8% of the global steel wire rods market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. steel wire rods market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 15,744.3 million by 2030.
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Steel Wire Rods Market Scope
Steel Wire Rods Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. steel wire rods 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 wire rods market will help companies and investors design strategic landscapes.
Construction was the largest segment with a revenue share of 44.27% in 2023. Horizon Databook has segmented the U.S. steel wire rods market based on construction, automotive, industrial manufacturing, power & energy covering the revenue growth of each sub-segment from 2018 to 2030.
- U.S. Steel Wire Rods 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. steel wire rods market , including forecasts for subscribers. This country databook contains high-level insights into U.S. steel wire rods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. steel wire rods market size, by application, 2018-2030 (US$M)
U.S. Steel Wire Rods Market Outlook Share, 2023 & 2030 (US$M)
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