PUBLISHER: Grand View Research | PRODUCT CODE: 1814191
PUBLISHER: Grand View Research | PRODUCT CODE: 1814191
Middle East Flat Steel Market Size, Share & Trend Analysis Report; By Product (Sheets & Coils, Plates), By End Use (Building & Construction, Automotive & Aerospace), By Region, And Segment Forecasts, 2025 - 2033
Middle East Flat Steel Market Summary
The Middle East flat steel market size was estimate at USD 27.22 billion in 2024 and is expected to reach USD 38.97 billion by 2033, at a CAGR of 4.6% from 2025 to 2033. The rapid expansion of the construction and infrastructure sectors across the region supports the growth of the Middle East flat steel market.
Countries such as Saudi Arabia, the UAE, and Qatar are investing heavily in large-scale projects, including smart cities, industrial zones, and transport networks. Mega initiatives like Saudi Arabia's NEOM city, Dubai's infrastructure upgrades, and Qatar's post-World Cup development plans require substantial flat steel products such as hot-rolled coils, cold-rolled coils, and galvanized sheets. The focus on urban development, modernization of transportation systems, and industrial diversification under government-led programs is creating sustained demand for high-quality flat steel products.
The manufacturing sector in the Middle East is emerging as another key growth driver for flat steel demand. Industries such as automotive, shipbuilding, white goods, and machinery manufacturing rely extensively on flat steel for body panels, structural components, and specialized parts. The UAE and Saudi Arabia position themselves as regional manufacturing hubs, offering incentives to attract domestic and international investments. As manufacturing capacity grows, particularly in value-added industries, the requirement for flat steel with specific mechanical and surface properties is increasing, pushing producers to expand their product offerings and enhance quality standards.
The energy sector plays a significant role in driving flat steel consumption in the Middle East. The region's oil and gas industry and emerging renewable energy projects demand flat steel for pipelines, pressure vessels, storage tanks, and structural frameworks. The growth of downstream petrochemical and refining capacities also contributes to steady steel usage. In addition, renewable energy initiatives such as solar and wind farms require flat steel for turbine structures, solar mounting systems, and ancillary equipment. This diversification of energy infrastructure ensures stable demand from multiple sub-sectors within the energy domain.
Trade and policy dynamics are further boosting the Middle East flat steel market. Several governments are implementing policies encouraging domestic steel production to reduce reliance on imports, improve self-sufficiency, and create employment opportunities. Free trade agreements, regional cooperation under the Gulf Cooperation Council (GCC), and favorable tax regimes attract investments in steel manufacturing facilities. Moreover, the strategic geographic location of Middle Eastern countries allows easy access to European, Asian, and African markets, making the region a potential export hub for flat steel products.
Technological advancements and product innovation are also contributing to market growth. Steel manufacturers in the Middle East are adopting advanced rolling technologies, surface treatment processes, and automation to enhance production efficiency and meet the stringent quality requirements of end users. The shift toward lightweight, corrosion-resistant, high-strength steel grades aligns with global sustainability trends and industry-specific performance needs. Additionally, the push for green steel production, driven by both environmental regulations and customer demand, is prompting investments in cleaner production methods, which are likely to create long-term growth opportunities for the flat steel market in the region.
Middle East Flat Steel Market Report Segmentation
This report forecasts revenue and volume growth at the regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East flat steel market report based on product, end use, and region.
- Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Sheets & Coils
- Plates
- End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Building & Construction
- Automotive & Aerospace
- Railways & Highways
- Others
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Middle East & Africa
- Bahrain
- Kuwait
- Saudi Arabia
- UAE
- Qatar
- Oman
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Middle East Flat Steel Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.6. Industry Trends
- 3.6.1. ESG Trends
- 3.6.2. Economic Trends
- 3.7. Porter's Five Forces Analysis
- 3.7.1. Bargaining Power of Suppliers
- 3.7.2. Bargaining Power of Buyers
- 3.7.3. Threat of Substitution
- 3.7.4. Threat of New Entrants
- 3.7.5. Competitive Rivalry
- 3.8. PESTLE Analysis
- 3.8.1. Political
- 3.8.2. Economic
- 3.8.3. Social Landscape
- 3.8.4. Technology
- 3.8.5. Environmental
- 3.8.6. Legal
Chapter 4. Middle East Flat Steel Market: Product Estimates & Trend Analysis
- 4.1. Middle East Flat Steel Market: Product Movement Analysis, 2024 & 2033
- 4.2. Sheets & Coils
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.3. Plates
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 5. Middle East Flat Steel Market: End Use Estimates & Trend Analysis
- 5.1. Middle East Flat Steel Market: End Use Movement Analysis, 2024 & 2033
- 5.2. Building & Construction
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3. Automotive & Aerospace
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4. Railways & Highways
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.5. Others
- 5.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 6. Flat Steel Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2024 & 2033
- 6.2. Middle East
- 6.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.3. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.4. Bahrain
- 6.2.4.1. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.4.2. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.5. Kuwait
- 6.2.5.1. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.5.2. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.6. Saudi Arabia
- 6.2.6.1. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.6.2. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.7. UAE
- 6.2.7.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.7.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.7.3. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.8. Oman
- 6.2.8.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.8.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.8.3. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.9. Qatar
- 6.2.9.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.9.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.9.3. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of Raw Material Suppliers
- 7.4.2. List of distributors
- 7.5. List of prospective end-users
- 7.6. Strategy Initiatives
- 7.7. Company Profiles/Listing
- 7.7.1. Emirates Steel
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.2. SABIC Hadeed
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.3. ArcelorMittal
- 7.7.3.1. Company Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.4. Tata Steel
- 7.7.4.1. Company Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.5. Ezz Steel
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.6. Qatar Steel
- 7.7.6.1. Company Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.7. Jindal Steel & Power
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.8. Al-Ittefaq Steel
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.1. Emirates Steel
List of Tables
- TABLE 1 Middle East flat steel market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 2 Middle East flat steel market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 3 Middle East flat steel market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 4 Bahrain flat steel market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 5 Bahrain flat steel market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 6 Bahrain flat steel market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 7 Kuwait flat steel market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 8 Kuwait flat steel market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 9 Kuwait flat steel market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 10 Saudi Arabia flat steel market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 11 Saudi Arabia flat steel market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 12 Saudi Arabia flat steel market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 13 UAE flat steel market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 14 UAE flat steel market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 15 UAE flat steel market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 16 Oman flat steel market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 17 Oman flat steel market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 18 Oman flat steel market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 19 Qatar flat steel market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 20 Qatar flat steel market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 21 Qatar flat steel market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
List of Figures
- FIG. 1 Market segmentation
- FIG. 2 Information procurement
- FIG. 3 Data analysis models
- FIG. 4 Market formulation and validation
- FIG. 5 Market snapshot
- FIG. 6 Segmental outlook
- FIG. 7 Competitive outlook
- FIG. 8 Flat steel market outlook, 2021 - 2033 (USD Million) (Kilotons)
- FIG. 9 Value chain analysis
- FIG. 10 Market dynamics
- FIG. 11 Porter's analysis
- FIG. 12 PESTEL analysis
- FIG. 13 Middle East flat steel market, by product: Key takeaways
- FIG. 14 Middle East flat steel market, by product: Market share, 2024 & 2033
- FIG. 15 Middle East flat steel market, by end use: Key takeaways
- FIG. 16 Middle East flat steel market, by end use: Market share, 2024 & 2033
