Latin America Structural Steel Market Size & Outlook
Latin America structural steel market, 2018-2030 (US$M)
Related Markets
Latin America structural steel market highlights
- The Latin America structural steel market generated a revenue of USD 3,419.9 million in 2022.
- The market is expected to grow at a CAGR of 2.8% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 3,419.9 million |
| Market revenue in 2030 | USD 4,257.0 million |
| Growth rate | 2.8% (CAGR from 2022 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Non-residential |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 2.8% of the global structural steel market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 125,081.8 million by 2030.
Residential was the largest segment with a revenue share of 52.29% in 2022. Horizon Databook has segmented the Latin America structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
According to the IMF, the GDP of South America was valued at over USD 3.60 trillion as of 2019 and is predicted to reach approximately USD 4.39 trillion by 2023.
In terms of revenue, Central & South America accounted for a share of approximately 2% of the global structural steel market in 2019, which is less as compared to the share of other prominent regions.
This is mainly due to the slow economic growth of the region and small manufacturing sector as compared to that of North America, Europe, and Asia Pacific.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America structural steel market size, by country, 2018-2030 (US$M)
Latin America Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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