Malaysia Structural Steel Market Size & Outlook, 2022-2030
Malaysia structural steel market, 2018-2030 (US$M)
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Malaysia structural steel market highlights
- The Malaysia structural steel market generated a revenue of USD 470.8 million in 2022 and is expected to reach USD 640.5 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 3.9% 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 470.8 million |
| Market revenue in 2030 | USD 640.5 million |
| Growth rate | 3.9% (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, Malaysia accounted for 0.4% 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 51% in 2022. Horizon Databook has segmented the Malaysia structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing urbanization coupled with industrial sector growth is anticipated to drive the market over the next seven years. Growing demand for offices owing to high employment rate is projected to fuel structural steel demand in the country.
Rising residential construction along with increasing per capita disposable income is further anticipated to remain a key factor driving the market growth over the forecast period. High levels of state and private investments in infrastructure in Malaysia
Are expected to foster the growth of construction industry and drive the demand for structural steel. In 2015, the Malaysian government issued a five-year blueprint to overhaul construction sector in the country.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Malaysia structural steel market size, by application, 2018-2030 (US$M)
Malaysia Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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