Iran Steel Market Size & Outlook, 2024-2030
The steel market in Iran is expected to reach a projected revenue of US$ 25,187.2 million by 2030. A compound annual growth rate of 3.8% is expected of Iran steel market from 2025 to 2030.
Revenue, 2024 (US$M)
$20,085.7
Forecast, 2030 (US$M)
$25,187.2
CAGR, 2025 - 2030
3.8%
Report Coverage
Iran
Iran steel market, 2018-2030 (US$M)
Related Markets
Iran steel market highlights
- The Iran steel market generated a revenue of USD 19,711.2 million in 2023 and is expected to reach USD 25,187.2 million by 2030.
- The Iran market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
- In terms of segment, building & construction was the largest revenue generating end use in 2023.
- Consumer Goods is the most lucrative end use segment registering the fastest growth during the forecast period.
Steel market data book summary
| Market revenue in 2023 | USD 19,711.2 million |
| Market revenue in 2030 | USD 25,187.2 million |
| Growth rate | 3.6% (CAGR from 2024 to 2030) |
| Largest segment | Building & construction |
| Fastest growing segment | Consumer Goods |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Building & Construction, Automotive & Transportation, Heavy Industry, Consumer Goods |
Other key industry trends
- In terms of revenue, Iran accounted for 1.1% of the global steel market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Iran steel market is projected to lead the regional market in terms of revenue in 2030.
- Iran is the fastest growing regional market in Middle East & Africa and is projected to reach USD 25,187.2 million by 2030.
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Iran steel market size, by application, 2018-2030 (US$M)
Iran Steel Market Outlook Share, 2024 & 2030 (US$M)
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