Reports

- Global Locations -

Headquarters

Future Market Insights, Inc.

Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States

T: +1-845-579-5705

Americas

Future Market Insights, Inc.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States

T: +1-347-918-3531

MEA

Future Market Insights

1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

Europe

Future Market Insights

3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom

T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268

Asia Pacific

Future Market Insights

IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India

Carbon Steel Market Outlook from 2023 to 2033

The global carbon steel market size reached US$ 1,016.2 billion in 2022. Over the forecast period, global demand for carbon steel is anticipated to rise at 4.0% CAGR. Total market value is predicted to increase from US$ 1,050.8 billion in 2023 to US$ 1,560.4 billion by 2033.

Demand in the market is predicted to remain high for low carbon steel during the forecast period. The latest carbon steel market analysis predicts the target segment to thrive at 2.7% CAGR through 2033.

Attributes Key Insights
Carbon Steel Market Size in 2022 US$ 1,016.2 billion
Estimated Carbon Steel Market Value (2023) US$ 1,050.8 billion
Projected Carbon Steel Market Revenue (2033) US$ 1,560.4 billion
Value-based Carbon Steel Market CAGR (2023 to 2033) 4.0%
Collective Value Share: Top 5 Countries (2023E) 70.1%

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Key Carbon Steel Market Highlights

  • Market to Expand Nearly 1.5X through 2033

The global market for carbon steel is predicted to expand around 1.5X through 2033, amid a 2.7% increase in expected CAGR compared to the historical one. This is due to the growing demand for carbon steel products from building & construction, automotive, aerospace, railways, and shipbuilding industries.

Global sales of carbon steel will also rise due to rapid population growth, growing infrastructure development, and expansion of energy projects and transportation networks. By 2033, the total market revenue is set to reach US$ 1,560.4 billion.

  • East Asia to Remain the Hotbed for Carbon Steel Manufacturers

As per the latest carbon steel industry analysis, East Asia is expected to retain its dominance in the global market during the forecast period. It is set to hold around 57.5% of the global market share in 2033. This is attributed to the following factors

  • Global Manufacturing Hub: East Asia has established itself as a global industry manufacturing hub. The region's prominence in electronics, automotive, shipbuilding, and construction necessitates large quantities of steel for production. Carbon steel, known for its versatility and strength, remains a key material in these manufacturing processes.
  • Supply Chain Integration: East Asia benefits from a well-integrated supply chain network. Proximity to raw material sources, efficient transportation systems, and well-established logistics contribute to the competitiveness of carbon steel manufacturing in the region. This integration allows for streamlined production processes and timely delivery to meet market demands.
  • Government Support and Policies: China, Japan, and South Korea governments have implemented supportive policies to foster the growth of the steel industry (such as the Japan government’s policy of achieving carbon neutrality by 2050). These policies include incentives for steel manufacturers, infrastructure projects that boost carbon steel demand, and regulations ensuring a competitive and sustainable industry.
  • Low Carbon Content Steel Continues to Steal the Show

As per the latest report, the low carbon steel segment is expected to lead the global carbon steel market with a volume share of about 60.3% in 2023. This is attributable to the rising usage of low carbon steel across diverse industries due to its corrosion resistance, low cost, weldability, formability, and versatility.

Low carbon steel is experiencing significant growth due to increasing environmental concerns and the need for sustainable materials. It offers improved strength and durability while reducing carbon emissions. As a result, factors like stringent regulations, growing demand for lightweight and fuel-efficient vehicles, and sustainable construction practices are expected to drive its demand.

High carbon steel, on the other hand, is predicted to witness a higher demand, rising at 3.4% CAGR during the forecast period. This is due to rising adoption of high carbon steel for making ball bearings, automotive components, and surgical instruments.

Rapid growth of high carbon bearing steel market is another key factor expected to drive demand for high carbon steel through 2033. Subsequently, medium carbon steel demand will rise at a significant pace.

Analysis of Carbon Steel Market

The carbon steel market stands as a robust and dynamic sector within the broader steel industry. Carbon steel is becoming an essential material with a wide range of applications in the manufacturing, automotive, infrastructure, and construction sectors.

Sales of carbon steel are expected to rise due to its favorable characteristics, affordability, and adaptability. As an alloy, carbon steel comes in a range of grades, with low, medium, and high carbon variations characterizing their distinct properties. Each grade is suited for different uses in industries.

The strength, durability, and malleability of carbon steel continues to fuel its demand, especially in the construction sector. Thanks to its remarkable strength and resilience, carbon steel is an excellent material for structural elements, including columns, beams, and reinforcing bars.

The malleability of carbon steel makes shaping and welding simple. As a result, it is easier to produce a variety of architectural forms from this material. Also, because of its affordability, it is a material of choice for big construction projects.

The automotive industry relies heavily on carbon steel for its structural components, leveraging its exceptional strength-to-weight ratio. Carbon steel’s high strength-to-weight ratio enhances fuel efficiency and overall vehicle performance. Further, its ability to withstand impact and deformation contributes to the safety features of automobiles & meeting stringent industry standards.

Rise in global infrastructure projects is acting as a catalyst fueling sales of carbon steel products. This is because carbon steel is a key component of several structural components, pipelines, and bridges.

Because of their strength, carbon steel-based infrastructure components are guaranteed to last longer and are more reliable. They are crucial for supporting energy distribution and transportation networks. Thanks to its high resistance to corrosion, carbon steel is highly valued for building pipelines for the transmission of gas, oil, and water.

The global carbon steel market is greatly affected by the oil and gas sector, which is a key consumer of this material. In the petroleum sector, carbon steel is essential as it is used to make drilling equipment, pipelines, and refinery structural elements.

With its remarkable strength, resistance to corrosion, and dependability in harsh working environments, carbon steel is in high demand in the exploration and extraction of oil and gas. Hence, increasing drilling and exploitation operations in the petroleum and natural gas industries will likely fuel demand for carbon steel.

The strength and function of aircraft and aerospace components are made possible by the unique qualities of carbon steel. Due to its excellent strength-to-weight ratio, carbon steel is the material of choice for making a variety of aircraft elements, including structural supports, landing gear, and fuselage components.

The excellent resistance to fatigue and capacity to withstand extreme stress make carbon steel an essential element in aeronautical structural reliability and safety. Growing demand for carbon steel from aviation and aerospace sectors is set to foster market growth.

In the shipbuilding & marine industry, carbon steel is a fundamental building block essential for constructing vessels and maritime structures. The demand for strong, durable components is fueled by the need for new ships and marine infrastructure, which explains why the global carbon steel market has a close connection to the shipbuilding industry.

Other trends in the carbon steel market fostering growth include:

  • Innovations in carbon-infused steel products
  • Growing popularity of electric vehicles
  • Rising need for lightweight and cost-effective materials
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Historical Performance vs. Global Carbon Steel Market Forecast

Global sales of carbon steel grew at a CAGR of 1.3% between 2018 and 2022. Total market revenue reached about US$ 1,016.2 billion in 2022. In the forecast period, the worldwide carbon steel industry is set to thrive at a CAGR of 4.0%.

Historical CAGR (2018 to 2022) 1.3%
Forecast CAGR (2023 to 2033) 4.0%

The global carbon steel market witnessed steady growth between 2018 and 2022. This was due to increased demand from building & construction, automotive, oil & gas, and & consumer appliances industries.

The carbon steel market growth was affected by the COVID-19 pandemic crisis and experienced a significant drop in demand in 2020. The production activities for almost all the industries halted, resulting in reduced demand for carbon steel.

Future Scope of the Carbon Steel Market

Over the forecast period, the global carbon steel market is poised to exhibit steady growth, totaling a valuation of US$ 1,560.4 billion by 2033. This is due to a combination of several factors. These include increasing demand for downstream products, technological advancements in production processes, a shift toward sustainability, and the robust expansion of end-use industries.

Key Market Dynamics

  • Growing Infrastructure Development Driving Market Growth

The construction of infrastructure projects, including roads, bridges, railways, and buildings, is a significant driver of the demand for carbon steel. These projects require substantial amounts of carbon steel due to its strength, durability, and versatility.

Carbon steel is used in various applications within the construction industry. These include structural beams, reinforcing bars, and steel plates. Hence, increasing infrastructure projects globally will foster the carbon steel market growth through 2033.

Developing countries are witnessing increasing investments in infrastructure development as they strive to modernize their transportation networks and support economic growth. These investments will likely create a strong demand for carbon steel products.

In developing countries, the need for improved transportation infrastructure is crucial for connecting remote areas, facilitating trade, and enhancing economic development. This requires the construction of new roads, bridges, and railways, all of which heavily rely on carbon steel.

The rapid urbanization in developing and developed countries is leading to the construction of residential and commercial buildings. This will further drive demand for carbon steel and create revenue-generation opportunities for carbon steel manufacturers.

  • Expansion of Energy Projects to Fuel Carbon Steel Sales

The energy sector, encompassing both fossil fuel and renewable energy sources, heavily relies on carbon steel for various applications. This reliance on steel infrastructure drives demand for carbon steel in the sector.

In the fossil fuel industry, carbon steel is used in the construction of pipelines for the transportation of oil, natural gas, and other hydrocarbons. These pipelines require durable and corrosion-resistant materials, making carbon steel an ideal choice.

Carbon steel is used in the construction of storage tanks, drilling equipment, and offshore platforms. This is expected to further drive demand for carbon steel in the sector.

In the renewable energy sector, carbon steel plays a crucial role in the construction of wind turbines. Due to its strength and structural integrity, wind turbine towers, nacelles, and foundations are typically made of carbon steel. As the demand for renewable energy continues to grow, driven by global efforts to reduce carbon emissions, market for carbon steel is projected to grow steadily.

  • Expanding Transportation Networks to Increase Carbon Steel Consumption

Carbon steel plays a vital role in the transportation and logistics sector, supporting the expansion of transportation networks and facilitating global trade. Various applications, including ships, railways, and cargo containers, drive demand for carbon steel in this sector.

In the maritime industry, carbon steel is the primary material used in the construction of ships and vessels. From massive cargo ships to smaller vessels, carbon steel provides the necessary strength, durability, and resistance to harsh marine environments. As global trade continues to grow, the demand for carbon steel in shipbuilding remains strong.

Railways also heavily rely on carbon steel for their infrastructure. Carbon steel is used in the construction of railway tracks, bridges, and rolling stock. Carbon steel's high strength and load-bearing capacity make it an ideal material for supporting heavy trains and ensuring the safety and efficiency of railway systems.

As countries invest in expanding their railway networks to improve transportation and logistics, the demand for steel in this sector will increase. This will foster growth of the global carbon steel market.

Cargo containers, used for transporting goods globally, are predominantly made of carbon steel. These containers provide a secure and efficient means of transporting goods via ships, trains, and trucks. As global trade volumes continue to rise, the demand for carbon steel in the manufacturing of cargo containers remains robust.

  • Consumer Trends and Economic Conditions Influencing Market Demand

Carbon steel is widely used in manufacturing consumer appliances and goods, including refrigerators, washing machines, ovens, and many others. Consumer trends and economic conditions influence the demand for carbon steel in this sector.

Consumer trends play a significant role in shaping the demand for carbon steel in consumer appliances and goods. As consumers seek durable, reliable, and aesthetically pleasing products, manufacturers often choose carbon steel. This is due to its strength, corrosion resistance, and ability to be molded into various shapes.

Carbon steel provides the necessary structural integrity and longevity required for appliances that are used on a daily basis. Growing demand for electric steel and carbon steel in the thriving consumer appliances sector is anticipated to play a key role in boosting sales.

Economic conditions also impact the demand for carbon steel in consumer appliances sector. During periods of economic growth and rising disposable incomes, consumers tend to spend more on durable goods, including appliances. This increasing consumer spending will likely drive demand for carbon steel in manufacturing appliances and goods.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Key Factors Restraining Carbon Steel Market Growth

  • Volatility in Raw Material Prices

The cost and availability of raw materials, specifically iron ore and coal, play a crucial role in the profitability of carbon steel manufacturers. Fluctuations in raw material prices can significantly impact the overall cost structure of global steel production.

Iron ore is the primary source of iron used in steel production, while coal is a key ingredient in the steelmaking process. Any disruptions in the supply of these raw materials, such as mining accidents, transportation issues, or geopolitical tensions, can lead to price volatility and affect the profitability of carbon steel manufacturers.

When raw material prices increase, carbon steel manufacturers face higher production costs, which can be challenging to pass on to customers through higher prices. This can squeeze profit margins and impact the overall financial performance of companies in the carbon steel market.

Fluctuations in raw material prices can also make it difficult for manufacturers to maintain stable pricing for their carbon steel products. This can create uncertainty for customers and impact their purchasing decisions, potentially affecting the overall demand for carbon steel.

  • Trade Barriers, Including Tariffs and Import Restrictions

Trade barriers, such as tariffs and import restrictions, can have a significant impact on the global trade of carbon steel products. These barriers can hinder market access, increase costs, and disrupt supply chains, ultimately affecting the growth and profitability of the carbon steel market.

When countries impose tariffs or import restrictions on carbon steel products, it becomes more expensive and challenging for exporters to access foreign markets. This can limit market opportunities and reduce the competitiveness of carbon steel manufacturers.

Trade barriers also increase costs for both exporters and importers. Exporters may face higher tariffs, which can erode their profit margins and make their products less competitive in foreign markets.

Importers, on the other hand, may have to pay higher prices for carbon steel products due to tariffs or import restrictions. This can increase their production costs or make the final products more expensive for consumers.

Trade barriers can disrupt supply chains by creating uncertainties and delays in the movement of goods. Manufacturers relying on imported carbon steel may face challenges in securing a stable supply of raw materials, leading to production disruptions and potential loss of business opportunities.

Comparative View of Adjacent Carbon Steel Markets

The global carbon steel market is likely to be impacted by the peer or tangential markets in the industrial automation division. These include other types of markets, such as the stainless steel welded pipe market and the large diameter steel pipe market. Analysis of these related industries can provide deeper insights that may be helpful for developing unique differentiating strategies to pursue for growth and opportunity in the carbon steel market.

Global Carbon Steel Market:

Attributes Global Carbon Steel Industry
CAGR (2023 to 2033) 4.0%
Market Value (2023) US$ 1,050.8 billion
Growth Factor Growing infrastructure development is expected to drive growth of the carbon steel market.
Key Trend Rising trend of high-strength low-alloy (HSLA) steel, which offers improved strength, toughness, and weldability, will foster growth.

Stainless Steel Welded Pipe Market:

Attributes Stainless Steel Welded Pipe Industry
CAGR (2023 to 2033) 4.7%
Market Value (2023) US$ 2.93 billion
Growth Factor Rising demand for stainless steel pipes from construction, automotive, oil & gas, and other industries is expected to boost the market.
Key Trend Growing awareness about the benefits of stainless steel welded pipes is set to create growth prospects for manufacturers.

Large Diameter Steel Pipe Market:

Attributes Large Diameter Steel Pipe Industry
CAGR (2023 to 2033) 2.9%
Market Value (2023) US$ 12.6 billion
Growth Factor Increasing usage of large diameter steel pipes in chemical and oil & gas industries is expected to fuel sales.
Key Trend Advancements in manufacturing technology will support market expansion.

Country-wise Insights

The table below highlights key countries’ carbon steel market revenues. China, India, and the United States are expected to remain the top three consumers of carbon steel, with expected valuations of US$ 721.8 billion, US$ 86.5 billion, and US$ 91.5 billion, respectively, in 2033.

Countries Carbon Steel Market Revenue (2033)
United States US$ 91.5 billion
Germany US$ 44.9 billion
China US$ 721.8 billion
Japan US$ 80.6 billion
South Korea US$ 77.6 billion
India US$ 86.5 billion

The below table shows the estimated growth rates of the top five countries. Japan the United States, and South Korea are set to record higher CAGRs of 3.9%, 4.4%, and 4.5%, respectively, through 2033.

Countries Projected Carbon Steel Market CAGR (2023 to 2033)
United States 4.4%
Germany 3.6%
China 3.4%
Japan 3.9%
South Korea 4.5%
India 3.8%

Expanding Building & Construction Fueling Demand in the United States

The United States carbon steel market size is projected to reach US$ 91.5 billion by 2033. Over the assessment period, demand for carbon steel in the United States is set to rise at 4.4% CAGR.

Several factors are expected to drive growth of carbon steel market in the United States. These include the robust expansion of oil & gas, energy, and building & construction industries and the growing demand for lightweight and high-strength materials in these sectors.

Carbon steel is extensively used in building & construction and aerospace industries due to its multiple advantages. These industries have stringent quality standards and regulations, necessitating the use of carbon steel to ensure product quality, safety, and compliance.

Leading manufacturers are expected to cater to the needs of these industries by providing high-quality carbon steel that meets the specific purity requirements of each sector. This will help them to boost their revenue and expand their customer base.

The diverse industrial applications of carbon steel in the United States also contribute to the significant growth of the market. It will also improve the United States carbon steel industry share through 2033.

China to Remain at the Epicenter of Market Growth

China is expected to remain at the epicenter of the global carbon steel market growth owing to several factors. The country’s robust economic development and rapid industrialization are fueling an unending demand for carbon steel across various sectors.

Carbon steel is widely used in structural frameworks, roofing, reinforcing bars, bushings, chassis, door panels, vehicle frames, infrastructure, and power plants. As the world's leading producer and consumer of steel, China's sheer scale and capacity significantly influence the global carbon steel market.

China’s growing population and urban development are triggering growth in several sectors, including building & construction and oil & gas. This, in turn, is expected to drive market demand for carbon steel in the country.

Environmental regulations, industrial growth, and increased demand for affordable, lightweight and strong materials make carbon steel a crucial material in China. As a result, the country is expected to dominate the worldwide carbon steel industry.

Sales of carbon steel in China are projected to soar at a CAGR of around 3.4% during the assessment period. By 2033, China steel carbon market value is anticipated to total US$ 721.8 billion by 2033.

India to Create Ample Opportunities for Carbon Steel Manufacturers

India presents a promising new market for the carbon steel industry due to several factors. The country is experiencing substantial industrial growth and urbanization, leading to increased carbon steel requirements.

India is set to become an important global participant in the carbon steel industry, providing manufacturers with lots of opportunities. This positive trajectory can be attributed to several factors.

There is a significant need for carbon steel due to India's strong economic growth, rapidly growing urbanization, and large-scale infrastructure development projects. With continuous projects like "Smart Cities" and investments in roads, bridges, and real estate, the construction industry, in particular, is a significant driver. This is because it requires enormous amounts of carbon steel for structural components.

India’s automobile industry is growing steadily, which is raising demand for carbon steel. Carbon steel is preferred because of its strength and formability, which will help the country enhance its manufacturing capabilities and establish itself as a worldwide automotive hub.

India is also actively working on improving its environmental regulations, aligning with global standards. This focus on environmental sustainability is likely to prompt companies to adopt carbon steel to meet compliance requirements and minimize their ecological footprint.

The carbon steel market value in India is anticipated to total US$ 86.5 billion by 2033. Over the forecast period, carbon steel demand in the country is set to increase at a CAGR of 3.8%.

Booming Manufacturing Sector Fueling Demand in Japan

Japan carbon steel market is poised to exhibit a CAGR of 3.9% during the assessment period. It is expected to attain a market valuation of US$ 80.6 billion by 2033. Multiple factors are anticipated to drive growth in Japan. These include robust growth of the manufacturing sector, including automotive and electronic industries.

The demand for carbon steel in Japan will also increase due to expanding energy, disaster resilience, and transportation infrastructure. This is because carbon steel products are widely used for highway guardrails, tunnels and underpasses, pipelines, transmission towers, and earthquake-resistant structures.

Rising Usage in Industrial Processes Bolstering Sales in South Korea

South Korea carbon steel market size is forecast to reach US$ 77.6 billion by 2033. Over the assessment period, sales of carbon steel in Korea are projected to rise at 4.5% CAGR. This is attributable to the rising usage of carbon steel in several industrial processes.

Demand for carbon steel is anticipated to rise sharply as a result of the expansion of industrial operations in Korea. Because of its strength and adaptability, carbon steel is widely used in the manufacture of electronic parts, vehicle components, and ships.

Carbon steel is increasingly utilized in industries like automotive and consumer appliances across South Korea. This is due to its structural integrity, durability, lightweight, machinability, and several other properties.

Category-wise Insights

The below section shows the low carbon content steel segment dominating the global carbon steel market, based on carbon content. It is forecast to thrive at 3.7% CAGR between 2023 and 2033.

Based on end use, building & construction segment is anticipated to hold a dominant share through 2033. It is set to exhibit a CAGR of 3.2% during the forecast period.

Excellent Properties of Low Carbon Steel Driving its Demand

Top Segment (Carbon Content) Predicted CAGR (2023 to 2033)
Low Carbon Steel 3.7%

The worldwide carbon steel market is categorized into low, medium, and high carbon steel. Among these, end customers mostly prefer low carbon steel. This is because of its several advantages including, machinability, weldability, low cost, weldability, and low cost.

Due to its beneficial qualities, low carbon steel is much more in demand than medium and high carbon steel. It is great for applications involving bending, shaping, and welding since it is simple to work with.

Low carbon steel has the advantage of being readily machined, which makes shaping and cutting chores more efficient. Another important quality that makes it vital in industrial processes like cold forming and drawing is its ductility, or capacity to bend without breaking.

Thanks to its versatility, low carbon steel is used in a variety of applications, including general fabrication, appliances, car manufacturing, and construction. It has superior corrosion resistance compared to certain steel with a higher carbon content.

Low carbon steel is also highly sought-after because of its cost, convenience of use, and adaptability in situations where extraordinary strength and hardness are not required. Rising usage of low carbon steel in a variety of applications, including automotive parts, structural frameworks in construction, and aircraft, is set to boost the target segment.

As per the latest carbon steel market analysis, the low carbon steel segment is anticipated to hold a significant volume share of 58.5% in 2023. Over the forecast period, demand for low carbon steel is predicted to rise at a CAGR of 3.7%.

Adoption of Carbon Steel Remains High in Building & Construction

Top Segment (End Use) Building & Construction
Projected CAGR (2023 to 2033) 3.2%

Based on end use, the global carbon steel industry is segmented into building & construction, automotive, railways, shipbuilding & marine, aerospace, and others. Among these, carbon steel demand is expected to remain high in building & construction.

As per the latest carbon steel industry analysis, the building & construction segment is projected to thrive at 3.2% CAGR during the forecast period. It is set to attain a valuation of US$ 274.9 billion by 2033.

Demand for carbon steel in the building and construction sector is rising due to multiple reasons. Carbon steel is chosen for construction because of its high strength and durability, providing the stability needed for different building parts. It's also budget-friendly, which means it helps keep construction costs manageable without sacrificing quality.

Carbon steel is super versatile, allowing it to be used for various construction needs like beams, columns, and roofing materials. It is easy to shape and customize, making construction processes efficient. Further, carbon steel is available globally, ensuring a steady supply for construction projects without delays.

Competitive Landscape

The global carbon steel market is consolidated, with leading players accounting for about 65% to 70% share. ArcelorMittal, Baowu Steel Group Corporation Limited, Nippon Steel Corporation, Thyssenkrupp AG, Nucor Corporation, JFE Steel Corporation, Tata Steel Limited, Posco International, Cleveland-Cliffs Inc, EVRAZ Plc, Gerdau S.A., Hyundai Steel Co, Jiangsu Shagang Group Co., Ltd., United States Steel Corp., Novolipetsk Steel, Severstal, Steel Authority of India Limited, and JSW Steel Ltd. are the leading manufacturers and suppliers of carbon steel listed in the report.

Key carbon steel companies are investing in research to produce improved materials and increase production capacities to meet end-user demand. They are also implementing strategies such as partnerships, acquisitions, facility expansions, and collaborations to strengthen their footprint.

Recent Developments in Carbon Steel Market

  • In December 2022, ArcelorMittal inaugurated its flagship CCU project at its steel plant in Ghent, Belgium.
  • In September 2022, ArcelorMittal and quarried materials group SigmaRoc announced joint venture to create a new business that will manufacture lime, an important purifying additive utilized in steel production and other industrial applications.

Carbon Steel Industry Research Scope

Attribute Details
Estimated Market Size (2023) US$ 1,050.8 billion
Projected Market Size (2033) US$ 1,560.4 billion
Anticipated Growth Rate (2023 to 2033) 4.0%
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Value (US$ Million) and Volume (000’ tons)
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Market Segments Covered
  • Carbon Content
  • Product Type
  • End Use
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and the Pacific
  • East Asia
  • Middle East & Africa
Key Countries Covered
  • United States
  • Canada
  • Mexico
  • Brazil
  • Chile
  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • BENELUX
  • Nordics
  • Russia
  • Poland
  • Hungary
  • Czech Republic
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • ANZ
  • KSA
  • GCC Countries
  • Türkiye
  • South Africa
  • Northern Africa
  • Israel
Key Companies Profiled
  • ArcelorMittal
  • Baowu Steel Group Corporation Limited
  • Nippon Steel Corporation
  • Thyssenkrupp AG
  • Nucor Corporation
  • JFE Steel Corporation
  • Tata Steel Limited
  • Posco International
  • Cleveland-Cliffs Inc
  • EVRAZ Plc
  • Gerdau S.A.
  • Hyundai Steel Co
  • Jiangsu Shagang Group Co., Ltd.
  • United States Steel Corp.
  • Novolipetsk Steel
  • Severstal
  • Steel Authority of India Limited
  • JSW Steel Ltd.

Global Carbon Steel Market Segmentation

By Carbon Content:

  • Low Carbon Steel/Mild Steel (up to 0.3% carbon)
  • Medium Carbon Steel (0.3 to 0.6% carbon)
  • High Carbon Steel (more than 0.6% carbon)

By Product Type:

  • Flat Product Types
    • GP/GC Sheets
    • HR Coils
    • CR Sheets/Coils
    • Pipes
    • Electrical Sheets
    • Tin Plates
    • HR Sheets
    • Plates
  • Long Product Types
    • Bars & Rods
    • Steel Structural
    • Railway Material

By End Use:

  • Building & Construction
  • Automotive
  • Railways
  • Shipbuilding & Marine
  • Aerospace
  • Oil & Gas and Energy
  • Heavy Machinery & Equipment
  • Consumer Appliances
  • Cutting Tools & Agriculture Equipment

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and the Pacific
  • East Asia
  • Middle East & Africa

Frequently Asked Questions

How big is the carbon steel market?

The carbon steel market value is set to reach US$ 1,050.8 billion in 2023.

What is the demand for carbon steel?

Global carbon steel demand is anticipated to rise at 4.0% CAGR.

What is the expected market size in 2033?

The global carbon steel market size is set to reach US$ 1,560.4 billion by 2033.

Which end-use segment is expected to lead the market?

Building & construction is expected to lead the market during the forecast period.

What industries use carbon steel?

Automotive, aerospace, consumer appliances, and building & construction are key end-use industries.

Is carbon steel cheap or expensive?

Carbon steel is generally more expensive than regular steel.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033

    5.1. Historical Market Volume (000’ Tons) Analysis, 2018 to 2022

    5.2. Current and Future Market Volume (000’ Tons) Projections, 2023 to 2033

    5.3. Y-o-Y Growth Trend Analysis

6. Global - Pricing Analysis

    6.1. Regional Pricing Analysis By Carbon Content

    6.2. Global Average Pricing Analysis Benchmark

7. Global Demand (in Value or Size in US$ Billion) Analysis 2018 to 2022 and Forecast, 2023 to 2033

    7.1. Historical Market Value (US$ Billion) Analysis, 2018 to 2022

    7.2. Current and Future Market Value (US$ Billion) Projections, 2023 to 2033

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global GDP Growth Outlook

        8.1.2. Real GDP Growth

        8.1.3. Manufacturing Value-Added

        8.1.4. Global Urbanization Growth Rate (%), 2016 to 2025

        8.1.5. Global Population and Urbanization Overview

        8.1.6. Global Automotive industry Overview

        8.1.7. Global Crude Steel Industry Overview

        8.1.8. Energy Industry

        8.1.9. Construction Spending Overview

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Top Companies Historical Growth

        8.2.2. GDP Growth forecast

        8.2.3. Manufacturing Industry forecast

        8.2.4. Global Urbanization Growth Outlook

        8.2.5. Business Climate

        8.2.6. Covid-19 Impact Assessment

        8.2.7. End Use Industry Growth Outlook

    8.3. Value Chain

        8.3.1. Product Manufacturers

        8.3.2. End Users

        8.3.3. Avg. Profitability Margins

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

    8.6. Patent Analysis

9. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Carbon Content

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Billion) and Volume Analysis By Carbon Content, 2018 to 2022

    9.3. Current and Future Market Size (US$ Billion) and Volume Analysis and Forecast By Carbon Content, 2023 to 2033

        9.3.1. Low /Mild Steel (up to 0.3% carbon)

        9.3.2. Medium (0.3% to 0.6% carbon)

        9.3.3. High (more than 0.6% carbon)

    9.4. Market Attractiveness Analysis By Carbon Content

10. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Billion) and Volume Analysis By Product Type, 2018 to 2022

    10.3. Current and Future Market Size (US$ Billion) and Volume Analysis and Forecast By Product Type, 2023 to 2033

        10.3.1. Flat Product Types

            10.3.1.1. GP/GC Sheets

            10.3.1.2. HR Coils

            10.3.1.3. CR Sheets/Coils

            10.3.1.4. Pipes

            10.3.1.5. Electrical Sheets

            10.3.1.6. Tin Plates

            10.3.1.7. HR Sheets

            10.3.1.8. Plates

        10.3.2. Long Product Types

            10.3.2.1. Bars & Rods

            10.3.2.2. Steel Structural

            10.3.2.3. Railway Material

    10.4. Market Attractiveness Analysis By Product Type

11. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Billion) and Volume Analysis By End Use, 2018 to 2022

    11.3. Current and Future Market Size (US$ Billion) and Volume Analysis and Forecast By End Use, 2023 to 2033

        11.3.1. Building & Construction

        11.3.2. Automotive

        11.3.3. Railways

        11.3.4. Shipbuilding & Marine

        11.3.5. Aerospace

        11.3.6. Oil & Gas and Energy

        11.3.7. Heavy Machinery & Equipment

        11.3.8. Consumer Appliances

        11.3.9. Cutting Tools & Agriculture Equipment

    11.4. Market Attractiveness Analysis By End Use

12. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Billion) and Volume Analysis By Region, 2018 to 2022

    12.3. Current Market Size (US$ Billion) and Volume Analysis and Forecast By Region, 2023 to 2033

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Western Europe

        12.3.4. Eastern Europe

        12.3.5. South Asia and the Pacific

        12.3.6. East Asia

        12.3.7. Middle East & Africa

    12.4. Market Attractiveness Analysis By Region

13. North America Analysis 2018 to 2022 and Forecast 2023 to 2033

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    13.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033

        13.4.1. By Country

            13.4.1.1. United States

            13.4.1.2. Canada

            13.4.1.3. Mexico

        13.4.2. By Carbon Content

        13.4.3. By Product Type

        13.4.4. By End Use

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Carbon Content

        13.5.3. By Product Type

        13.5.4. By End Use

    13.6. Market Trends

    13.7. Key Market Participants - Intensity Mapping

    13.8. Drivers and Restraints - Impact Analysis

14. Latin America Analysis 2018 to 2022 and Forecast 2023 to 2033

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    14.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033

        14.4.1. By Country

            14.4.1.1. Brazil

            14.4.1.2. Chile

            14.4.1.3. Rest of Latin America

        14.4.2. By Carbon Content

        14.4.3. By Product Type

        14.4.4. By End Use

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Carbon Content

        14.5.3. By Product Type

        14.5.4. By End Use

    14.6. Market Trends

    14.7. Key Market Participants - Intensity Mapping

    14.8. Drivers and Restraints - Impact Analysis

15. Western Europe Analysis 2018 to 2022 and Forecast 2023 to 2033

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    15.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033

        15.4.1. By Country

            15.4.1.1. Germany

            15.4.1.2. Italy

            15.4.1.3. France

            15.4.1.4. United Kingdom

            15.4.1.5. Spain

            15.4.1.6. BENELUX

            15.4.1.7. Nordics

            15.4.1.8. Rest of Western Europe

        15.4.2. By Carbon Content

        15.4.3. By Product Type

        15.4.4. By End Use

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Carbon Content

        15.5.3. By Product Type

        15.5.4. By End Use

    15.6. Market Trends

    15.7. Key Market Participants - Intensity Mapping

    15.8. Drivers and Restraints - Impact Analysis

16. Eastern Europe Analysis 2018 to 2022 and Forecast 2023 to 2033

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    16.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033

        16.4.1. By Country

            16.4.1.1. Russia

            16.4.1.2. Poland

            16.4.1.3. Hungary

            16.4.1.4. Czech Republic

            16.4.1.5. Rest of Eastern Europe

        16.4.2. By Carbon Content

        16.4.3. By Product Type

        16.4.4. By End Use

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Carbon Content

        16.5.3. By Product Type

        16.5.4. By End Use

    16.6. Market Trends

    16.7. Key Market Participants - Intensity Mapping

    16.8. Drivers and Restraints - Impact Analysis

17. South Asia and Pacific Analysis 2018 to 2022 and Forecast 2023 to 2033

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    17.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033

        17.4.1. By Country

            17.4.1.1. India

            17.4.1.2. ASEAN

            17.4.1.3. ANZ

            17.4.1.4. Rest of South Asia & Pacific

        17.4.2. By Carbon Content

        17.4.3. By Product Type

        17.4.4. By End Use

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Carbon Content

        17.5.3. By Product Type

        17.5.4. By End Use

    17.6. Market Trends

    17.7. Key Market Participants - Intensity Mapping

    17.8. Drivers and Restraints - Impact Analysis

18. East Asia Analysis 2018 to 2022 and Forecast 2023 to 2033

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    18.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033

        18.4.1. By Country

            18.4.1.1. China

            18.4.1.2. Japan

            18.4.1.3. South Korea

        18.4.2. By Carbon Content

        18.4.3. By Product Type

        18.4.4. By End Use

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Carbon Content

        18.5.3. By Product Type

        18.5.4. By End Use

    18.6. Market Trends

    18.7. Key Market Participants - Intensity Mapping

    18.8. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Analysis 2018 to 2022 and Forecast 2023 to 2033

    19.1. Introduction

    19.2. Pricing Analysis

    19.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    19.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033

        19.4.1. By Country

            19.4.1.1. Kingdom of Saudi Arabia

            19.4.1.2. GCC Countries

            19.4.1.3. Türkiye

            19.4.1.4. South Africa

            19.4.1.5. Northern Africa

            19.4.1.6. Israel

            19.4.1.7. Rest of Middle East and Africa

        19.4.2. By Carbon Content

        19.4.3. By Product Type

        19.4.4. By End Use

    19.5. Market Attractiveness Analysis

        19.5.1. By Country

        19.5.2. By Carbon Content

        19.5.3. By Product Type

        19.5.4. By End Use

    19.6. Market Trends

    19.7. Key Market Participants - Intensity Mapping

    19.8. Drivers and Restraints - Impact Analysis

20. Country-wise Analysis

    20.1. Introduction

        20.1.1. Market Value Proportion Analysis, By Key Countries

        20.1.2. Global Vs. Country Growth Comparison

    20.2. United States Analysis

        20.2.1. By Carbon Content

        20.2.2. By Product Type

        20.2.3. By End Use

    20.3. Canada Analysis

        20.3.1. By Carbon Content

        20.3.2. By Product Type

        20.3.3. By End Use

    20.4. Mexico Analysis

        20.4.1. By Carbon Content

        20.4.2. By Product Type

        20.4.3. By End Use

    20.5. Brazil Analysis

        20.5.1. By Carbon Content

        20.5.2. By Product Type

        20.5.3. By End Use

    20.6. Chile Analysis

        20.6.1. By Carbon Content

        20.6.2. By Product Type

        20.6.3. By End Use

    20.7. Germany Analysis

        20.7.1. By Carbon Content

        20.7.2. By Product Type

        20.7.3. By End Use

    20.8. Italy Analysis

        20.8.1. By Carbon Content

        20.8.2. By Product Type

        20.8.3. By End Use

    20.9. France Analysis

        20.9.1. By Carbon Content

        20.9.2. By Product Type

        20.9.3. By End Use

    20.10. United Kingdom Analysis

        20.10.1. By Carbon Content

        20.10.2. By Product Type

        20.10.3. By End Use

    20.11. Spain Analysis

        20.11.1. By Carbon Content

        20.11.2. By Product Type

        20.11.3. By End Use

    20.12. NORDICS Analysis

        20.12.1. By Carbon Content

        20.12.2. By Product Type

        20.12.3. By End Use

    20.13. BENELUX Analysis

        20.13.1. By Carbon Content

        20.13.2. By Product Type

        20.13.3. By End Use

    20.14. Hungary Analysis

        20.14.1. By Carbon Content

        20.14.2. By Product Type

        20.14.3. By End Use

    20.15. Poland Analysis

        20.15.1. By Carbon Content

        20.15.2. By Product Type

        20.15.3. By End Use

    20.16. Czech Republic Analysis

        20.16.1. By Carbon Content

        20.16.2. By Product Type

        20.16.3. By End Use

    20.17. Russia Republic Analysis

        20.17.1. By Carbon Content

        20.17.2. By Product Type

        20.17.3. By End Use

        20.17.4.

    20.18. China Analysis

        20.18.1. By Carbon Content

        20.18.2. By Product Type

        20.18.3. By End Use

    20.19. Japan Analysis

        20.19.1. By Carbon Content

        20.19.2. By Product Type

        20.19.3. By End Use

    20.20. South Korea Analysis

        20.20.1. By Carbon Content

        20.20.2. By Product Type

        20.20.3. By End Use

    20.21. India Analysis

        20.21.1. By Carbon Content

        20.21.2. By Product Type

        20.21.3. By End Use

    20.22. ASEAN Analysis

        20.22.1. By Carbon Content

        20.22.2. By Product Type

        20.22.3. By End Use

    20.23. Australia and New Zealand Analysis

        20.23.1. By Carbon Content

        20.23.2. By Product Type

        20.23.3. By End Use

    20.24. KSA Analysis

        20.24.1. By Carbon Content

        20.24.2. By Product Type

        20.24.3. By End Use

    20.25. GCC Countries Analysis

        20.25.1. By Carbon Content

        20.25.2. By Product Type

        20.25.3. By End Use

    20.26. Northern Africa Analysis

        20.26.1. By Carbon Content

        20.26.2. By Product Type

        20.26.3. By End Use

    20.27. Türkiye Analysis

        20.27.1. By Carbon Content

        20.27.2. By Product Type

        20.27.3. By End Use

    20.28. South Africa Analysis

        20.28.1. By Carbon Content

        20.28.2. By Product Type

        20.28.3. By End Use

    20.29. Israel Analysis

        20.29.1. By Carbon Content

        20.29.2. By Product Type

        20.29.3. By End Use

21. Market Structure Analysis

    21.1. Market Analysis by Tier of Companies ()

    21.2. Market Concentration

    21.3. Market Share Analysis of Top Players

    21.4. Production Capacity Analysis

22. Competition Analysis

    22.1. Competition Dashboard

    22.2. Competition Benchmarking

    22.3. Competition Deep Dive

        22.3.1. ArcelorMittal

            22.3.1.1. Overview

            22.3.1.2. Product Portfolio

            22.3.1.3. Profitability by Market Segments (Product Type/Carbon Content/ End Use/Region)

            22.3.1.4. Sales Footprint

            22.3.1.5. Strategy Overview

        22.3.2. Baowu Steel Group Corporation Limited

        22.3.3. Nippon Steel Corporation

        22.3.4. Thyssenkrupp AG

        22.3.5. Nucor Corporation

        22.3.6. JFE Steel Corporation

        22.3.7. Tata Steel Limited

        22.3.8. Posco International

        22.3.9. Cleveland-Cliffs Inc

        22.3.10. EVRAZ Plc

        22.3.11. Gerdau S.A.

        22.3.12. Hyundai Steel Co

        22.3.13. Jiangsu Shagang Group Co., Ltd.

        22.3.14. United States Steel Corp.

        22.3.15. Novolipetsk Steel

        22.3.16. Severstal

        22.3.17. Steel Authority of India Limited

        22.3.18. JSW Steel Ltd.

23. Assumptions and Acronyms Used

24. Research Methodology

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

List of Tables

Table 02: Global Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 03: Global Market Value (US$ Billion) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 04: Global Market Volume (US$ Th Tonnes)) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 05: Global Market Value (US$ Billion) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 06: Global Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Region

Table 07: Global Market Value (US$ Billion) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Region

Table 08: North America Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Regions

Table 10: North America Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 11: North America Market Value (US$ Billion) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 12: North America Market Volume (US$ Th Tonnes)) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 13: North America Market Value (US$ Billion)) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 14: Latin America Market Value (US$ Billion) and Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Country

Table 16: Latin America Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 17: Latin America Market Value (US$ Billion) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 18: Latin America Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 19: Latin America Market Value (US$ Billion)) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 20: Western Europe Market and Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Country

Table 21: Western Europe Market Value (US$ Billion) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Country

Table 23: Western Europe Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 24: Western Europe Market Value (US$ Billion) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 25: Western Europe Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 26: Western Europe Market Value (US$ Billion)) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 27: Eastern Europe Market Value (US$ Billion) and Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Country

Table 29: Eastern Europe Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 30: Eastern Europe Market Value (US$ Billion) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 31: Eastern Europe Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 32: Eastern Europe Market Value (US$ Billion)) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 33: East Asia Market Value (US$ Billion) and Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Country

Table 35: East Asia Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 36: East Asia Market Value (US$ Billion) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 37: East Asia Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 38: East Asia Market Value (US$ Billion)) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 39: South Asia & Pacific Market Value (US$ Billion) and Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Country

Table 41: South Asia & Pacific Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 42: South Asia & Pacific Market Value (US$ Billion) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 43: South Asia & Pacific Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 44: South Asia & Pacific Market Value (US$ Billion)) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 45: Middle East & Africa Market Value (US$ Billion) and Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Country

Table 47: Middle East & Africa Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 48: Middle East & Africa Market Value (US$ Billion) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Product Type

Table 49: Middle East & Africa Market Volume (Th. Tonnes) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use

Table 50: Middle East & Africa Market Value (US$ Billion)) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By End Use
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

List of Charts

Figure 01: Global Market Historical Demand, 2018 to 2022

Figure 02: Global Market Demand Forecast, 2023 to 2033

Figure 03: Global Market Historical Value (US$ Billion), 2018 to 2022

Figure 04: Global Market Value (US$ Billion) Forecast, 2023 to 2033

Figure 05: Global Market Absolute $ Opportunity, 2023 to 2033

Figure 10: Global Market Share and BPS Analysis By Product Type – 2023 & 2033

Figure 11: Global Market Y-o-Y Growth Projections By Product Type, 2023 to 2033

Figure 12: Global Market Attractiveness By Product Type, 2023 to 2033

Figure 13: Incremental $ Opportunity By Process, 2023 to 2033

Figure 14: Global Market Share and BPS Analysis by End Use – 2023 & 2033

Figure 15: Global Market Y-o-Y Growth Projections by End Use, 2023 to 2033

Figure 16: Global Market Attractiveness by End Use, 2023 to 2033

Figure 18: Global Market Share and BPS Analysis by Region – 2023 & 2033

Figure 19: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033

Figure 20: Global Market Attractiveness by Region, 2023 to 2033

Figure 21: Incremental $ Opportunity By Region, 2023 to 2033

Figure 22: North America Market Share and BPS Analysis by Country – 2023 & 2033

Figure 23: North America Market Y-o-Y Growth Projections by Country, 2023 to 2033

Figure 24: North America Market Attractiveness by Country, 2023 to 2033

Figure 28: North America Market Share and BPS Analysis By Product Type – 2023 & 2033

Figure 29: North America Market Y-o-Y Growth Projections By Product Type, 2023 to 2033

Figure 30: North America Market Attractiveness By Product Type, 2023 to 2033

Figure 31: North America Market Share and BPS Analysis by End Use – 2023 & 2033

Figure 32: North America Market Y-o-Y Growth Projections by End Use, 2023 to 2033

Figure 33: North America Market Attractiveness by End Use, 2023 to 2033

Figure 34: Latin America Market Share and BPS Analysis by Country – 2023 & 2033

Figure 35: Latin America Market Y-o-Y Growth Projections by Country , 2023 to 2033

Figure 36: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 40: Latin America Market Share and BPS Analysis By Product Type – 2023 & 2033

Figure 41: Latin America Market Y-o-Y Growth Projections By Product Type, 2023 to 2033

Figure 42: Latin America Market Attractiveness By Product Type, 2023 to 2033

Figure 43: Latin America Market Share and BPS Analysis by End Use – 2023 & 2033

Figure 44: Latin America Market Y-o-Y Growth Projections by End Use, 2023 to 2033

Figure 45: Latin America Market Attractiveness by End Use, 2023 to 2033

Figure 46: Western Europe Market Share and BPS Analysis by Country – 2023 & 2033

Figure 47: Western Europe Market Y-o-Y Growth Projections by Country , 2023 to 2033

Figure 48: Western Europe Market Attractiveness by Country, 2023 to 2033

Figure 52: Western Europe Market Share and BPS Analysis By Product Type – 2023 & 2033

Figure 53: Western Europe Market Y-o-Y Growth Projections By Product Type, 2023 to 2033

Figure 54: Western Europe Market Attractiveness By Product Type, 2023 to 2033

Figure 55: Western Europe Market Share and BPS Analysis by End Use – 2023 & 2033

Figure 56: Western Europe Market Y-o-Y Growth Projections by End Use, 2023 to 2033

Figure 57: Western Europe Market Attractiveness by End Use, 2023 to 2033

Figure 58: Eastern Europe Market Share and BPS Analysis by Country – 2023 & 2033

Figure 59: Eastern Europe Market Y-o-Y Growth Projections by Country , 2023 to 2033

Figure 60: Eastern Europe Market Attractiveness by Country, 2023 to 2033

Figure 64: Eastern Europe Market Share and BPS Analysis By Product Type – 2023 & 2033

Figure 65: Eastern Europe Market Y-o-Y Growth Projections By Product Type, 2023 to 2033

Figure 66: Eastern Europe Market Attractiveness By Product Type, 2023 to 2033

Figure 67: Eastern Europe Market Share and BPS Analysis by End Use – 2023 & 2033

Figure 68: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2023 to 2033

Figure 69: Eastern Europe Market Attractiveness by End Use, 2023 to 2033

Figure 70: East Asia Market Share and BPS Analysis by Country – 2023 & 2033

Figure 71: East Asia Market Y-o-Y Growth Projections by Country , 2023 to 2033

Figure 72: East Asia Market Attractiveness by Country, 2023 to 2033

Figure 76: East Asia Market Share and BPS Analysis By Product Type – 2023 & 2033

Figure 77: East Asia Market Y-o-Y Growth Projections By Product Type, 2023 to 2033

Figure 78: East Asia Market Attractiveness By Product Type, 2023 to 2033

Figure 79: East Asia Market Share and BPS Analysis by End Use – 2023 & 2033

Figure 80: East Asia Market Y-o-Y Growth Projections by End Use, 2023 to 2033

Figure 81: East Asia Market Attractiveness by End Use, 2023 to 2033

Figure 82: South Asia & Pacific Market Share and BPS Analysis by Country – 2023 & 2033

Figure 83: South Asia & Pacific Market Y-o-Y Growth Projections by Country , 2023 to 2033

Figure 84: South Asia & Pacific Market Attractiveness by Country, 2023 to 2033

Figure 88: South Asia & Pacific Market Share and BPS Analysis By Product Type – 2023 & 2033

Figure 89: South Asia & Pacific Market Y-o-Y Growth Projections By Product Type, 2023 to 2033

Figure 90: South Asia & Pacific Market Attractiveness By Product Type, 2023 to 2033

Figure 91: South Asia & Pacific Market Share and BPS Analysis by End Use – 2023 & 2033

Figure 92: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2023 to 2033

Figure 93: South Asia & Pacific Market Attractiveness by End Use, 2023 to 2033

Figure 94: Middle East & Africa Market Share and BPS Analysis by Country – 2023 & 2033

Figure 95: Middle East & Africa Market Y-o-Y Growth Projections by Country , 2023 to 2033

Figure 96: Middle East & Africa Market Attractiveness by Country, 2023 to 2033

Figure 100: Middle East & Africa Market Share and BPS Analysis By Product Type – 2023 & 2033

Figure 101: Middle East & Africa Market Y-o-Y Growth Projections By Product Type, 2023 to 2033

Figure 102: Middle East & Africa Market Attractiveness By Product Type, 2023 to 2033

Figure 103: Middle East & Africa Market Share and BPS Analysis by End Use – 2023 & 2033

Figure 104: Middle East & Africa Market Y-o-Y Growth Projections by End Use, 2023 to 2033

Figure 105: Middle East & Africa Market Attractiveness by End Use, 2023 to 2033

Recommendations

Industrial Automation

Steel Pipe Market

Published : June 2023

Industrial Automation

Stainless Steel Welded Pipe Market

Published : June 2023

Industrial Automation

Large Diameter Steel Pipes Market

Published : May 2023

Industrial Automation

Pipe Inspection Robot Market

Published : January 2023

Explore Chemicals & Materials Insights

View Reports