Bio-lubricants Market End-use Industry, By Others
Global Steel market [2016-2023] by Application
By Application, the market is segmented into Building & Construction, Automotive, Mechanical Equipment, Metal Products, Other Transportation, Electrical Appliances, and Domestic Appliances (2016-2023)
| Label | Building & Construction | Automotive | Mechanical Equipment | Metal Products | Other Transportation | Electrical Appliances | Domestic Appliances |
|---|---|---|---|---|---|---|---|
| 2016 | 406.1 USD Bn | 100.3 USD Bn | 113.2 USD Bn | 88.3 USD Bn | 44.1 USD Bn | 28.1 USD Bn | 22.5 USD Bn |
| 2017 | 433.1 USD Bn | 107.4 USD Bn | 120.4 USD Bn | 94.3 USD Bn | 46.7 USD Bn | 30.1 USD Bn | 23.8 USD Bn |
| 2018 | 462.0 USD Bn | 114.9 USD Bn | 128.1 USD Bn | 100.7 USD Bn | 49.5 USD Bn | 32.3 USD Bn | 25.3 USD Bn |
| 2019 | 473.5 USD Bn | 118.2 USD Bn | 131.0 USD Bn | 103.4 USD Bn | 50.4 USD Bn | 33.2 USD Bn | 25.8 USD Bn |
| 2020 | 485.8 USD Bn | 121.6 USD Bn | 134.0 USD Bn | 106.2 USD Bn | 51.3 USD Bn | 34.3 USD Bn | 26.3 USD Bn |
| 2021 | 500.5 USD Bn | 125.7 USD Bn | 137.8 USD Bn | 109.6 USD Bn | 52.4 USD Bn | 35.5 USD Bn | 27.0 USD Bn |
| 2022 | 515.8 USD Bn | 130.0 USD Bn | 141.6 USD Bn | 113.1 USD Bn | 53.7 USD Bn | 36.7 USD Bn | 27.6 USD Bn |
| 2023 | 531.7 USD Bn | 134.5 USD Bn | 145.6 USD Bn | 116.7 USD Bn | 54.9 USD Bn | 38.1 USD Bn | 28.3 USD Bn |
Data Source: Wantstats Repository
Market Dynamics
building and construction segment accounted for the largest market share in the steel market, and is expected to reach USD 531.70 Billion in 2023 from USD 433.10 Billion in 2017. However, electrical appliances segment is the fastest growing market, which is expected to grow at a CAGR of 3.36% during the forecast period 2018 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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