Carbon Steel Rods Market Revenue was valued at USD 18.5 Billion in 2024 and is estimated to reach USD 25.2 Billion by 2033, growing at a CAGR of 4.1% from 2026 to 2033.
In 2022, the global carbon steel rods market was valued at USD 15.2 billion and is projected to reach USD 22.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030. The Asia Pacific region dominated the market, accounting for approximately 58.89% of the global revenue. This substantial share is largely due to rapid urbanization and industrialization in countries like China and India, where government initiatives focus on developing infrastructure such as buildings, bridges, and transportation systems. North America held the second largest market share, contributing over 20% in 2022, driven by growth in the automotive, construction, and manufacturing industries. The United States led this region, followed by Canada and Mexico. Europe represented over 15% of the global market in 2022, with Germany, Italy, and France being the primary contributors. The market in this region is expected to grow at a CAGR of 3.5% during the forecast period, fueled by advancements in the automotive, construction, and machinery sectors. Latin America and the Middle East & Africa regions each accounted for approximately 5% of the global market share in 2023. The Asia Pacific region is anticipated to remain the fastest growing market, driven by increasing industrialization and demand in the automotive and electronics sectors.
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O'Neal Steel
Ganpat Industrial Corporation
Aashish Steel
Celsa Group
voestalpine AG
KOBE STEEL
Yieh Corp
United Bright Bar Ltd
Sliver Dragon
Feng Yi Steel
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Carbon Steel Rods Market
Hot Rolled
Cold Drawn
Forged
Machined
Up to 12 mm
12 mm - 30 mm
30 mm - 50 mm
Above 50 mm
Low Carbon Steel (Up to 0.25% Carbon)
Medium Carbon Steel (0.26% - 0.60% Carbon)
High Carbon Steel (0.61% - 00% Carbon)
Ultra High Carbon Steel (Above 00% Carbon)
Construction
Automotive
Aerospace
Manufacturing
Oil and Gas
Electronics
Round Bars
Square Bars
Flat Bars
Hexagonal Bars
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Carbon Steel Rods Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Carbon Steel Rods Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Carbon Steel Rods Market, By Type
6. Global Carbon Steel Rods Market, By Application
7. Global Carbon Steel Rods Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Carbon Steel Rods Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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