Russia Structural Steel Market Size & Outlook, 2022-2030
Russia structural steel market, 2018-2030 (US$M)
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Russia structural steel market highlights
- The Russia structural steel market generated a revenue of USD 2,958.0 million in 2022 and is expected to reach USD 3,680.0 million by 2030.
- The Russia 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.
Structural steel market data book summary
| Market revenue in 2022 | USD 2,958.0 million |
| Market revenue in 2030 | USD 3,680.0 million |
| Growth rate | 2.8% (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, Russia accounted for 2.4% 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 Europe, Russia structural steel market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,605.0 million by 2030.
Residential was the largest segment with a revenue share of 59.76% in 2022. Horizon Databook has segmented the Russia structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Construction sector in Russia is projected to grow moderately over the forecast period. In the recent past, it has benefited from construction activities related to the football world cup and several housing projects.
The government of Russia is also working on urban development projects including parks, squares, renovation of streets, and other public spaces.
It has allocated around USD 96 billion to develop existing ports, railways, airports, highways, and other transport infrastructure by 2024.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia structural steel market size, by application, 2018-2030 (US$M)
Russia Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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