Spain Steel Market Size & Outlook, 2024-2030
The steel market in Spain is expected to reach a projected revenue of US$ 14,874.0 million by 2030. A compound annual growth rate of 2.6% is expected of Spain steel market from 2025 to 2030.
Revenue, 2024 (US$M)
$12,728.6
Forecast, 2030 (US$M)
$14,874.0
CAGR, 2025 - 2030
2.6%
Report Coverage
Spain
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Spain steel market highlights
- The Spain steel market generated a revenue of USD 12,548.8 million in 2023 and is expected to reach USD 14,874.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 2.5% from 2024 to 2030.
- In terms of segment, building & construction was the largest revenue generating end use in 2023.
- Building & Construction 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 12,548.8 million |
| Market revenue in 2030 | USD 14,874.0 million |
| Growth rate | 2.5% (CAGR from 2024 to 2030) |
| Largest segment | Building & construction |
| Fastest growing segment | Building & Construction |
| 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, Spain accounted for 0.7% of the global steel market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia steel market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 55,489.0 million by 2030.
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Steel Market Scope
Steel market segmentation & scope
Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Posco | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://posco.com |
| JFE Steel | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | https://www.jfe-steel.co.jp/en |
| Tata Steel | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.tatasteel.com |
| ArcelorMittal | View profile | 10001+ | Luxembourg, Luxembourg, Luxembourg, Europe | https://corporate.arcelormittal.com/ |
| Emirates Steel | View profile | 1001-5000 | Musaffah, Abu Dhabi, United Arab Emirates, Asia | https://www.emiratessteel.com/ |
| BAOSTEEL | View profile | 10001+ | Shanghai, Shanghai, China, Asia | http://www.baosteel.com/group_en/ |
| Outokumpu Oyj Class A | View profile | 8776 | Salmisaarenranta 11, Helsinki, Finland, FI-00180 | https://www.outokumpu.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| Nucor Corp | View profile | 32000 | 1915 Rexford Road, Charlotte, NC, United States, 28211 | https://www.nucor.com |
Spain steel market size, by application, 2018-2030 (US$M)
Spain Steel Market Outlook Share, 2024 & 2030 (US$M)
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