China Structural Steel Market Size & Outlook, 2022-2030
China structural steel market, 2018-2030 (US$M)
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China structural steel market highlights
- The China structural steel market generated a revenue of USD 63,881.2 million in 2022 and is expected to reach USD 95,719.0 million by 2030.
- The China market is expected to grow at a CAGR of 5.2% 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.
Structural steel market data book summary
| Market revenue in 2022 | USD 63,881.2 million |
| Market revenue in 2030 | USD 95,719.0 million |
| Growth rate | 5.2% (CAGR from 2022 to 2030) |
| Largest segment | Non-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, China accounted for 51.9% 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 Asia Pacific, China structural steel market is projected to lead the regional market in terms of revenue in 2030.
- Taiwan is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,140.6 million by 2030.
Non-residential was the largest segment with a revenue share of 53.09% in 2022. Horizon Databook has segmented the China structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
China accounted for the largest consumer of structural steel globally both the terms of volume and revenue. Factors such as strong economic base, growing manufacturing activities, and favorable economic policies are projected to drive the structural steel market in the country.
China accounted for one-third of the global GDP growth in 2019. According to the World Bank, China’s per capita GDP was USD 8,826.99 and is anticipated to increase over the coming years. After decades of focusing on high-speed growth, the economic policies of China are now shifting toward high-quality growth.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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China structural steel market size, by application, 2018-2030 (US$M)
China Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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