Spain Structural Steel Market Size & Outlook, 2022-2030
Spain structural steel market, 2018-2030 (US$M)
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Spain structural steel market highlights
- The Spain structural steel market generated a revenue of USD 935.7 million in 2022 and is expected to reach USD 1,173.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 2.9% 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 935.7 million |
| Market revenue in 2030 | USD 1,173.8 million |
| Growth rate | 2.9% (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, Spain accounted for 0.8% 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.
Non-residential was the largest segment with a revenue share of 54.24% in 2022. Horizon Databook has segmented the Spain structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Construction sector in Spain is growing moderately with an increase in foreign investments. As per the international construction market survey, commercial offices witnessed a growth in demand by 30% in 2017, supported by the government’s investment in infrastructure.
Structural steel is used for manufacturing rails, buildings, bridges, warehouses, and factories. Thus, government funding for national infrastructure is likely to boost the demand for structural steel over the coming years.
The upswing in Spain’s economic recovery, increasing foreign investments, and lowering commodity prices have driven non-residential construction spending in the region.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain structural steel market size, by application, 2018-2030 (US$M)
Spain Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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