UAE Structural Steel Market Size & Outlook, 2022-2030
UAE structural steel market, 2018-2030 (US$M)
Related Markets
UAE structural steel market highlights
- The UAE structural steel market generated a revenue of USD 493.8 million in 2022 and is expected to reach USD 569.5 million by 2030.
- The UAE market is expected to grow at a CAGR of 1.8% 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 493.8 million |
| Market revenue in 2030 | USD 569.5 million |
| Growth rate | 1.8% (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, UAE 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 Middle East & Africa, Iran structural steel market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 430.3 million by 2030.
Non-residential was the largest segment with a revenue share of 54.74% in 2022. Horizon Databook has segmented the UAE structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE is a lucrative construction market with the development of non-oil activities and easing credit conditions that have supported growth in residential and nonresidential structures.
Also, the government has maintained support for infrastructure and development projects despite flattening growth in oil income. Structural steel market in the country is dominated by two major cities: Dubai and Abu Dhabi.
Events such as Dubai Expo 2020 are likely to boost investments in various projects associated with these events, specifically in infrastructure and hospitality sectors.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE structural steel market size, by application, 2018-2030 (US$M)
UAE Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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