Taiwan Structural Steel Market Size & Outlook, 2022-2030
Taiwan structural steel market, 2018-2030 (US$M)
Related Markets
Taiwan structural steel market highlights
- The Taiwan structural steel market generated a revenue of USD 1,383.4 million in 2022 and is expected to reach USD 2,140.6 million by 2030.
- The Taiwan market is expected to grow at a CAGR of 5.6% 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 1,383.4 million |
| Market revenue in 2030 | USD 2,140.6 million |
| Growth rate | 5.6% (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, Taiwan accounted for 1.1% 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.
Residential was the largest segment with a revenue share of 52.76% in 2022. Horizon Databook has segmented the Taiwan structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Taiwan structural steel industry is expected to grow significantly over the next seven years owing to growing industrial sector and escalated foreign investment. Increasing renewable energy demand is expected to fuel construction spending in the country and compliment structural steel market growth over the forecast period.
Ongoing political conflicts in the country are expected to slow down the construction spending in Taiwan. Moreover, trade relations of the country are expected to pose challenging factors for structural steel products for construction applications.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Taiwan structural steel market size, by application, 2018-2030 (US$M)
Taiwan Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
