Middle East & Africa Long Steel Products Market Size & Outlook
Related Markets
MEA long steel products market highlights
- The MEA long steel products market generated a revenue of USD 35,795.7 million in 2023.
- The market is expected to grow at a CAGR of 3.5% from 2024 to 2030.
- In terms of segment, rebars was the largest revenue generating product in 2023.
- Wire Rods is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 35,795.7 million |
| Market revenue in 2030 | USD 45,641.9 million |
| Growth rate | 3.5% (CAGR from 2024 to 2030) |
| Largest segment | Rebars |
| Fastest growing segment | Wire Rods |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rebars, Wire Rods, Sections, Tubes |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Jindal Stainless, Emirates Steel, Arabian Gulf Steel Industries, Hamriyah Steel, Rajhi Steel, Union Iron & Steel, Watania Steel |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.1% of the global long steel products market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 698,480.4 million by 2030.
Key Regions: UAE , U.S. , Japan , Brazil , Saudi Arabia
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
Long Steel Products Market Scope
Long Steel Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Watania Steel | View profile | - | Al Kharj, Ar Riyad, Saudi Arabia, Asia | http://www.wataniasteel.com/ |
| Union Iron & Steel | View profile | 101-250 | Musaffah, Abu Dhabi, United Arab Emirates, Asia | http://www.uis-uae.com |
| Rajhi Steel | View profile | 1001-5000 | Riyadh, Ar Riyad, Saudi Arabia, Asia | https://www.rajhisteel.com |
| Hamriyah Steel | View profile | 101-250 | Hamriyah, Sharjah, United Arab Emirates, Asia | https://www.hamriyahsteel.ae |
| Arabian Gulf Steel Industries | View profile | 1001-5000 | Musaffah, Abu Dhabi, United Arab Emirates, Asia | https://www.agsi.ae/ |
| Emirates Steel | View profile | 1001-5000 | Musaffah, Abu Dhabi, United Arab Emirates, Asia | https://www.emiratessteel.com/ |
| Jindal Stainless | View profile | 10001+ | New Delhi, Delhi, India, Asia | https://www.jindalstainless.com/ |
| ArcelorMittal SA Depository Receipt | View profile | 126756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | http://www.arcelormittal.com |
Middle East & Africa long steel products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to long steel products market will help companies and investors design strategic landscapes.
Rebars was the largest segment with a revenue share of 40.71% in 2023. Horizon Databook has segmented the Middle East & Africa long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle Eastern region has been experiencing strong growth in the global long steel products industry. This is attributed to the ongoing infrastructure development projects that require significant amounts of steel for construction. In addition, the growing population and increasing urbanization in the region have further contributed to the demand for steel in construction projects.
According to a report by the World Steel Association, the UAE has been the largest steel producer in the Middle East since 2018. In 2020, the UAE produced 3.6 million tons of crude steel, which was an increase of 6.9% from the previous year.
Reasons to subscribe to Middle East & Africa long steel products market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa long steel products market databook
-
Our clientele includes a mix of long steel products market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa long steel products market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA long steel products market size, by country, 2018-2030 (US$M)
Middle East & Africa Long Steel Products Market Outlook Share, 2023 & 2030 (US$M)
Related 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
