openPR Logo
Press release

Steel Market Share Worth USD 1718.26 Billion by 2032 With CAGR of 3.47% | Revenue, Growth, Trends, Key Companies

03-09-2024 09:19 AM CET | Chemicals & Materials

Press release from: Market Research Future (MRFR)

Steel Market Share Worth USD 1718.26 Billion by 2032 With CAGR

The MRFR analysis reports state that the global Steel market was worth nearly USD 1307.9 billion in 2022. The reports further project the market worth to attain around USD 1718.26 billion by the end of 2032 while thriving at a substantial growth rate of around 3.47%.

The global Steel market has grown dramatically in the last few years. The main aspects causing a surge in the performance of the market are the increasing infrastructural activities in commercial & residential construction, the domestic availability of raw materials, cost-effective labor, the growing Prevalence of the automotive industry, and several technological developments.

Segment Analysis

The global market for Steel is fragmented into various segments based on Application, Type, Product, and Region.

Based on the type, the global market for Steel has been split into long and flat.

Based on the Application areas, the global market for Steel has been split into electrical appliances, automotive, and building & construction.

Based on the Products, the global market for Steel has been split into prestressing and structural.

Download Report Sample Copy: https://www.marketresearchfuture.com/sample_request/5465

Regional Analysis

The global market for Steel is analyzed across five major geographies: Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The MRFR analysis reports that the Asia-Pacific region secured the leading spot across the global market for Steel in 2022, with the largest contribution of around USD 574.17 billion. The region has China as the largest contributor in terms of revenue share. On the other hand, the Indian market is likely to grow at the highest pace over the coming years. The main parameter enhancing regional market development is the building industry's explosive growth in the region. Furthermore, the increasing infrastructure investment is also considered to be one of the vital parameters enhancing the growth of the regional market. Moreover, factors such as the explosive growth of the electronics appliance sector and the automobile industry's quick expansion are also likely to positively impact the development of the regional market for Steel over the coming years.

Read More about this Report: https://www.marketresearchfuture.com/reports/steel-market-5465

The European regional market for Steel is anticipated to ensure the second position across the global market for Steel over the assessment period. The region has Germany market as the largest contributor in terms of revenue share. On the other hand, the UK market is likely to grow at the highest pace over the coming years. The main parameter enhancing regional market development is that Germany's economy is one of the largest and fastest growing in the European Union. The steel market across Central Europe is also booming. The sudden rise in new infrastructure projects and buildings across the parts of the region is also projected to have a positive influence on the development of the regional market over the coming years.

The North American, Regional Steel market will likely demonstrate maximum growth over the coming years. The region has the US market as the largest contributor in terms of revenue share. On the other hand, the Canadian market is likely to grow at the highest pace over the coming years. The main parameter enhancing the development of the regional market is cost-effectiveness. A duplex series alloy is becoming progressively prevalent in electronic and engineering applications. Furthermore, the growth of industrial facilities is also projected to positively influence the development of the regional market over the coming years. Moreover, the number of businesses increasing their production capacity is also likely to increase the regional market's growth over the review timeframe.

Buy now: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=5465

Competitive Analysis

The global market for Steel is known to have a strong and competitive landscape. The players across the market are focusing on investments in research & development activities to expand their product lines, which will help the Steel market grow even more. They are also considering several strategic activities to expand their footprint, with vital market developments including new product launches, higher investments, mergers & acquisitions, contractual agreements, and collaboration with other organizations. The list of prominent participants across the global market for Steel includes players such as China Steel Company (Taiwan), Nucor Corporation (US), HBIS Group (China), NSSMC Group (Japan), POSCO (South Korea), Hyundai Steel Company (South Korea), Tata Steel Group (India), China Baowu Group (China), Shangang Group (Spain), and ArcelorMittal (Luxembourg) among others.

Read More Related Pages

Steel Market Size: https://www.marketresearchfuture.com/reports/steel-market/market-size

Steel Market Trends: https://www.marketresearchfuture.com/reports/steel-market/market-trends

Steel Market Share: https://www.marketresearchfuture.com/reports/steel-market/market-share

Us Steel Market: https://www.marketresearchfuture.com/reports/us-steel-market-16365

Steel Companies: https://www.marketresearchfuture.com/reports/steel-market/companies

Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Steel Market Share Worth USD 1718.26 Billion by 2032 With CAGR of 3.47% | Revenue, Growth, Trends, Key Companies here

News-ID: 3420588 • Views:

More Releases from Market Research Future (MRFR)

Tofu Market to Reach USD 2.7 Billion by 2032 at 9.01% CAGR Driven by Rising Plant-Based Food Preferences
Tofu Market to Reach USD 2.7 Billion by 2032 at 9.01% CAGR Driven by Rising Plan …
The global tofu market is poised for substantial growth over the next decade, projected to reach an impressive valuation of USD 2.7 billion by 2032. This expansion reflects a compound annual growth rate (CAGR) of 9.01% from 2024 to 2032, fueled by a surge in consumer demand for plant-based foods and an evolving global food culture. As more consumers seek healthier and sustainable alternatives to animal-based protein sources, tofu has
Plant-Based Food Ingredients Market to Hit USD 40.2 Billion by 2035 at 7.96% CAGR Driven by Health & Sustainability
Plant-Based Food Ingredients Market to Hit USD 40.2 Billion by 2035 at 7.96% CAG …
The global plant-based food ingredients market is witnessing remarkable growth, propelled by an increasing shift in consumer preferences toward healthier and more sustainable food options. According to recent market research by Market Research Future, the market was valued at USD 16.03 billion in 2023 and is projected to reach an impressive USD 40.2 billion by 2035. This growth trajectory is expected to continue at a compound annual growth rate (CAGR)
Semolina Market to Reach USD 2.57 Billion by 2032 at 2.31% CAGR, Driven by Health Trends & Flour Mill Growth
Semolina Market to Reach USD 2.57 Billion by 2032 at 2.31% CAGR, Driven by Healt …
The global semolina market is poised for steady growth over the coming decade, with its valuation expected to reach USD 2.57 billion by 2032. According to the latest Market Research Future analysis, the market was valued at USD 2.12 billion in 2023 and is projected to expand from USD 2.14 billion in 2024 to USD 2.57 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.31% during the
Ginger Extract Market to Reach USD 2.18 Billion by 2034 at 5.4% CAGR Driven by Demand for Natural Ingredients
Ginger Extract Market to Reach USD 2.18 Billion by 2034 at 5.4% CAGR Driven by D …
The global ginger extract market is poised for substantial growth in the coming decade, with a projected valuation of USD 2.18 billion by 2034. According to the latest analysis from Market Research Future, the market was valued at USD 1.29 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2034. This robust growth trajectory is largely fueled by increasing

All 5 Releases


More Releases for Steel

Steel Beams Market is Booming Worldwide with Steel Dynamics, JSW Steel, JFE Stee …
HTF MI just released the Global Steel Beams Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major Giants in Steel Beams Market are: ArcelorMittal (Luxembourg), Nippon Steel (Japan),
Special Ball Bearing Steel Market : Eminent Players - Nippon Steel, Suzhou Steel …
Market Description - Los Angeles, (United States) - The information made available in the Special Ball Bearing Steel report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionals
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in