Mexico Steel Market Size & Outlook, 2024-2030
The steel market in Mexico is expected to reach a projected revenue of US$ 32,341.2 million by 2030. A compound annual growth rate of 3.6% is expected of Mexico steel market from 2025 to 2030.
Revenue, 2024 (US$M)
$26,087.2
Forecast, 2030 (US$M)
$32,341.2
CAGR, 2025 - 2030
3.6%
Report Coverage
Mexico
Mexico steel market, 2018-2030 (US$M)
Related Markets
Mexico steel market highlights
- The Mexico steel market generated a revenue of USD 25,420.0 million in 2023 and is expected to reach USD 32,341.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.5% from 2024 to 2030.
- In terms of segment, building & construction was the largest revenue generating end use in 2023.
- Heavy Industry 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 25,420.0 million |
| Market revenue in 2030 | USD 32,341.2 million |
| Growth rate | 3.5% (CAGR from 2024 to 2030) |
| Largest segment | Building & construction |
| Fastest growing segment | Heavy Industry |
| 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, Mexico accounted for 1.4% of the global steel market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. steel market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 32,341.2 million by 2030.
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Mexico steel market size, by application, 2018-2030 (US$M)
Mexico Steel Market Outlook Share, 2024 & 2030 (US$M)
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