Indonesia Structural Steel Market Size & Outlook
Indonesia structural steel market, 2018-2030 (US$M)
Related Markets
Indonesia structural steel market highlights
- The Indonesia structural steel market generated a revenue of USD 660.3 million in 2022 and is expected to reach USD 945.1 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 4.6% 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 660.3 million |
| Market revenue in 2030 | USD 945.1 million |
| Growth rate | 4.6% (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, Indonesia accounted for 0.5% 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 50.99% in 2022. Horizon Databook has segmented the Indonesia structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Building & construction industry in Indonesia is expected to be driven by factors such as growing population, substantial infrastructural investments, and rapid urbanization, resulting in an unprecedented growth of the market.
A deficit of 20 million homes in Indonesia is expected to offer a lucrative opportunity for the growth of residential construction sector in the country, thereby leading to a robust increase in the product demand over the forecast period.
Moreover, the launch of the One Million Houses Program is projected to boost residential construction sector over the forecast period, consequently propelling the product demand. The highest ratio of investments in construction sector.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Indonesia structural steel market size, by application, 2018-2030 (US$M)
Indonesia Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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