Hong Kong Structural Steel Market Size & Outlook
The structural steel market in Hong Kong is expected to reach a projected revenue of US$ 272.5 million by 2030. A compound annual growth rate of 5.5% is expected of Hong Kong structural steel market from 2023 to 2030.
Revenue, 2022 (US$M)
$177.9
Forecast, 2030 (US$M)
$272.5
CAGR, 2023 - 2030
5.5%
Report Coverage
Hong Kong
Hong Kong structural steel market, 2018-2030 (US$M)
Related Markets
Hong Kong structural steel market highlights
- The Hong Kong structural steel market generated a revenue of USD 177.9 million in 2022 and is expected to reach USD 272.5 million by 2030.
- The Hong Kong market is expected to grow at a CAGR of 5.5% 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 177.9 million |
| Market revenue in 2030 | USD 272.5 million |
| Growth rate | 5.5% (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, Hong Kong 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 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.
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Structural Steel Market Scope
Structural steel market segmentation & scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Hong Kong structural steel market size, by application, 2018-2030 (US$M)
Hong Kong Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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