Chile Structural Steel Market Size & Outlook, 2022-2030
Chile structural steel market, 2018-2030 (US$M)
Related Markets
Chile structural steel market highlights
- The Chile structural steel market generated a revenue of USD 134.1 million in 2022 and is expected to reach USD 160.1 million by 2030.
- The Chile market is expected to grow at a CAGR of 2.2% from 2023 to 2030.
- In terms of segment, 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.
Structural steel market data book summary
| Market revenue in 2022 | USD 134.1 million |
| Market revenue in 2030 | USD 160.1 million |
| Growth rate | 2.2% (CAGR from 2022 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Non-residential |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-residential |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Gerdau SA ADR, Nippon Steel Corp, Tata Steel Ltd GDR - 144A, Steel Authority Of India Ltd DR |
Other key industry trends
- In terms of revenue, Chile accounted for 0.1% of the global structural steel market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil structural steel market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,143.1 million by 2030.
Residential was the largest segment with a revenue share of 52.72% in 2022. Horizon Databook has segmented the Chile structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
According to the estimates of the World Bank, the GDP of Chile grew by 4.0% in 2018. Construction industry in the country is expected to witness an upward trend owing to the strong investments in the industry.
The implementation of large-scale mining and infrastructure projects is projected to be a key factor boosting the country’s overall construction industry.
The successful enactment of concession programs by the Chilean government to renew infrastructure, including ports, and airports, is a crucial factor supporting the growth of Chile’s construction industry.
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Structural Steel Market Scope
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| Name | Profile | # Employees | HQ | Website |
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Chile structural steel market size, by application, 2018-2030 (US$M)
Chile Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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