Middle East & Africa Structural Steel Market Size & Outlook
Middle East & Africa structural steel market, 2018-2030 (US$M)
Related Markets
MEA structural steel market highlights
- The MEA structural steel market generated a revenue of USD 5,846.2 million in 2022.
- The market is expected to grow at a CAGR of 2.1% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 5,846.2 million |
| Market revenue in 2030 | USD 6,923.8 million |
| Growth rate | 2.1% (CAGR from 2022 to 2030) |
| Largest segment | Non-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, MEA region accounted for 4.7% 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.
Non-residential was the largest segment with a revenue share of 52.84% in 2022. Horizon Databook has segmented the Middle East & Africa structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
As per the reports of the World Bank, the economy of the Middle East & Africa region grew at a rate of 2.0% in 2018 as compared to 1.4% in 2017.
Stabilization and positive impact of reforms in many countries in the region reflect positive regional growth, thereby benefiting the Middle East & Africa structural steel market.
The rapid growth of sub-Saharan African countries in the region represents an attractive opportunity for structural steel market in the region.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA structural steel market size, by country, 2018-2030 (US$M)
Middle East & Africa Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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