Qatar Long Steel Products Market Size & Outlook, 2025-2030
The long steel products market in Qatar is expected to reach a projected revenue of US$ 723.9 million by 2030. A compound annual growth rate of 2.9% is expected of Qatar long steel products market from 2024 to 2030.
The Qatar long steel products market generated a revenue of USD 593.0 million in 2023 and is expected to reach USD 723.9 million by 2030.
The Qatar market is expected to grow at a CAGR of 2.9% 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.
Long steel products market data book summary
Market revenue in 2023
USD 593.0 million
Market revenue in 2030
USD 723.9 million
Growth rate
2.9% (CAGR from 2024 to 2030)
Largest segment
Rebars
Fastest growing segment
Wire Rods
Historical data
2018 - 2022
Base year
2023
Forecast period
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, Qatar accounted for 0.1% of the global long steel products market in 2023.
Country-wise, China is expected to lead the global market in terms of revenue in 2030.
In Middle East & Africa, Saudi Arabia long steel products market is projected to lead the regional market in terms of revenue in 2030.
Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,997.8 million by 2030.
Qatar is a rapidly developing country that has experienced significant growth in infrastructure & construction sector over the past few decades. As a result, the demand for steel in Qatar has been increasing, and the country has become an important market for steel producers.
According to a report by the Qatar Chamber of Commerce and Industry, the demand for steel in Qatar is expected to grow and this growth is driven by the ongoing infrastructure projects including the construction of stadiums, highways, and airports, as well as the development of oil & gas sector.
In terms of raw materials for steel production, Qatar relies mainly on imported iron ore and scrap metal. Qatar Steel, the country's leading steel producer, sources its raw materials from various countries including Brazil, Australia, and the U.S.
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 Outlook will help companies and investors design strategic landscapes.
Rebars was the largest segment with a revenue share of 41.32% in 2023.
Horizon Databook has segmented the Qatar long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Qatar is a rapidly developing country that has experienced significant growth in infrastructure & construction sector over the past few decades. As a result, the demand for steel in Qatar has been increasing, and the country has become an important market for steel producers.
According to a report by the Qatar Chamber of Commerce and Industry, the demand for steel in Qatar is expected to grow and this growth is driven by the ongoing infrastructure projects including the construction of stadiums, highways, and airports, as well as the development of oil & gas sector.
In terms of raw materials for steel production, Qatar relies mainly on imported iron ore and scrap metal. Qatar Steel, the country's leading steel producer, sources its raw materials from various countries including Brazil, Australia, and the U.S.
Qatar Long Steel Products Market Product Outlook (Revenue, USD Million , 2018-2030)
Rebars
Wire Rods
Sections
Tubes
Qatar Long Steel Products Market End-Use Outlook (Revenue, USD Million , 2018-2030)
Building & Construction
Automotive & Aerospace
Railways & Highways
Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Qatar Long Steel Products Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Qatar Long Steel Products Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Qatar Long Steel Products Market, 2018-2030 (US$M)