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Peru Steel Market Size, Share, Trends, Growth, Forecast: By Product: Long Steel, Flat Steel; By Type: Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel; By Application: Construction, Mechanical Engineering, Automotive, Metalware, Domestic Appliances, Agricultural, Others; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Peru Steel Market Outlook
The Peru steel market size reached around 4.00 MMT in 2023. The market is projected to grow at a CAGR of 3.2% between 2024 and 2032, reaching almost 5.31 MMT by 2032.
Key Takeaways:
- Long steel is expected to constitute a major portion of the Peru steel market share.
- Sustainable manufacturing practices are expected to drive the market growth.
- The demand for carbon steel is expected to dominate the market over the forecast period.
Steel is central to Peru’s economic development since it is an integral raw material for numerous other sectors. Sustainable manufacturing practices make steel produced in Latin America relatively cleaner (30%) than steel produced in other countries such as China. This is one of the key Peru steel market trends.
The performance of the Peruvian economy is closely tied to the steel manufacturing output, and technological advancements in iron ore extraction and processing are expected to propel the steel market growth in Peru over the forecast period.
The application of steel in the construction sector is expected to dominate the Peru steel market growth. The construction of new renewable energy power plants, ports, and highways is expected to generate a huge demand for steel and associated products, such as wire rods and rebars.
The automotive sector is also expected to increase its demand for steel in Peru, as the domestic industry looks towards upscaling its production capacities and meeting foreign demand. Moreover, technological developments in automotive design are influencing the demand for carbon steel as it is used to manufacture bushings and door frames, among other vehicle components. This is expected to drive the Peru steel market expansion over the forecast period.
Market Segmentation
Peru Steel Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Long Steel
- Wire Rod
- Rebars
- Merchant Bars
- Heavy Sections
- Others
- Flat Steel
- Hot Rolled Wide Strip
- Quarto Plate
- Others
Market Breakup by Type
- Carbon Steel
- Alloy Steel
- Stainless Steel
- Tool Steel
Market Breakup by Application
- Construction
- Mechanical Engineering
- Automotive
- Metalware
- Domestic Appliances
- Agricultural
- Others
The key Peru steel market players are Corporacion Aceros Arequipa SA, Gerdau S/A, Century Metals & Supplies INC., ArcelorMittal S.A., SSAB AB, and Acerinox, S.A., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
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| Breakup by Type |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Steel Market Overview
8.1 Key Industry Highlights
8.2 Latin America Steel Historical Market (2018-2023)
8.3 Latin America Steel Market Forecast (2024-2032)
8.4 Latin America Steel Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Peru
8.4.5 Others
9 Peru Steel Market Overview
9.1 Key Industry Highlights
9.2 Peru Steel Historical Market (2018-2023)
9.3 Peru Steel Market Forecast (2024-2032)
10 Peru Steel Market by Product
10.1 Long Steel
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Wire Rod
10.1.3.2 Rebars
10.1.3.3 Merchant Bars
10.1.3.4 Heavy Sections
10.1.3.5 Others
10.2 Flat Steel
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Hot Rolled Wide Strip
10.2.3.2 Quarto Plate
10.2.3.3 Others
11 Peru Steel Market by Type
11.1 Carbon Steel
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Alloy Steel
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Stainless Steel
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Tool Steel
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Peru Steel Market by Application
12.1 Construction
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mechanical Engineering
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Automotive
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Metalware
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Domestic Appliances
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Agricultural
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Corporacion Aceros Arequipa SA
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Gerdau S/A
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Century Metals & Supplies INC.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 ArcelorMittal S.A.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 SSAB AB
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Acerinox, S.A.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Steel Market: Key Industry Highlights, 2018 and 2032
2. Peru Steel Market: Key Industry Highlights, 2018 and 2032
3. Peru Steel Historical Market: Breakup by Product (MMT), 2018-2023
4. Peru Steel Market Forecast: Breakup by Product (MMT), 2024-2032
5. Peru Steel Historical Market: Breakup by Type (MMT), 2018-2023
6. Peru Steel Market Forecast: Breakup by Type (MMT), 2024-2032
7. Peru Steel Historical Market: Breakup by Application (MMT), 2018-2023
8. Peru Steel Market Forecast: Breakup by Application (MMT), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Peru Steel Market Structure
Key Questions Answered in the Report
The market was sized at nearly 4.00 MMT in 2023.
The market is projected to grow at a CAGR of 3.2% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around 5.31 MMT in 2032.
The different types of steel in the market include long steel and flat steel.
The major applications of steel include construction, mechanical engineering, automotive, metalware, domestic appliances, and agricultural, among others.
The key market players are Corporacion Aceros Arequipa SA, Gerdau S/A, Century Metals & Supplies INC., ArcelorMittal S.A., SSAB AB, and Acerinox, S.A., among others.
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