Saudi Arabia Carbon Steel Market Overview, 2030

The carbon steel market in Saudi Arabia is expanding rapidly, with significant growth driven by key industries such as construction, oil and gas, and manufacturing. As one of the largest economies in the Middle East, Saudi Arabia is undergoing extensive infrastructure development as part of its Vision 2030 initiative. This national plan focuses on economic diversification and reducing the country's dependency on oil exports, fostering growth in non-oil sectors. Consequently, major construction projects, including large-scale residential, commercial, and industrial developments, are leading to higher demand for low carbon steel, a material widely used in reinforcing bars and structural elements. This type of steel is known for its affordability, ductility, and versatility, making it ideal for building roads, bridges, and other vital infrastructure. In the oil and gas industry, low carbon steel continues to be a crucial material, especially for pipelines, storage tanks, and other equipment essential for the sector’s operation. Saudi Arabia's significant investments in expanding its oil refining and petrochemical industries further contribute to the high demand for low carbon steel. Additionally, Saudi Arabia’s growing population and urbanization contribute to an increase in residential and commercial construction projects, which in turn accelerates the need for low carbon steel in these developments. As the country continues to build on its ambitious infrastructure plans and diversify its economy, the market for low carbon steel is expected to remain strong and essential to the country’s growth trajectory.

According to the research report, ""Saudi Arabia Carbon Steel Market Overview, 2030,"" published by Bonafide Research, the Saudi Arabia Carbon Steel market is projected to have a difference of USD 1.99 Billion between the current and forecasted market size. In parallel, medium carbon steel is seeing rising demand, particularly in industries requiring materials that combine both strength and toughness. Medium carbon steel has a perfect balance of durability and hardness, making it ideal for automotive manufacturing, industrial machinery, and tools used in heavy-duty operations. Saudi Arabia’s growing automotive sector, supported by efforts to localize vehicle production, relies on medium carbon steel for the manufacturing of critical vehicle components such as axles, gears, and engine parts. As the country strengthens its industrial base and automotive manufacturing capabilities, the demand for medium carbon steel is expected to increase. In addition to the automotive industry, medium carbon steel is widely used in construction equipment, agricultural machinery, and other heavy-duty industrial tools. Its strength and resilience under extreme conditions make it an indispensable material in sectors requiring robust machinery. Furthermore, medium carbon steel is vital for construction applications that involve load-bearing structures like high-rise buildings and bridges. These structures need materials capable of withstanding significant weight and stress, and medium carbon steel meets those requirements effectively. As Saudi Arabia continues to pursue industrial growth and expand its infrastructure, the need for medium carbon steel will remain critical. Meanwhile, high carbon steel, known for its exceptional hardness and wear resistance, is increasingly used in specialized applications like cutting tools and mining equipment. As the manufacturing and mining industries in Saudi Arabia expand, high carbon steel will play a more significant role, particularly in precision engineering and tools designed to perform in extreme conditions. With the country’s ongoing efforts to build a diverse and strong industrial base, high carbon steel's role in Saudi Arabia’s future manufacturing landscape is expected to grow significantly.

In Saudi Arabia, the carbon steel market is experiencing robust growth driven by the country’s ongoing infrastructure development, industrialization, and government-led initiatives under Vision 2030. Low carbon steel, due to its excellent weldability, ductility, and cost-effectiveness, is widely used in the construction sector for reinforcing bars, structural frames, and sheet metal applications. The Kingdom’s monumental construction projects, such as the King Abdullah Financial District, the Red Sea Project, and the development of the new city of NEOM, rely heavily on mild steel for foundational structures, skyscrapers, and public works. These projects demand a constant supply of carbon steel to meet the high-strength requirements of large-scale buildings, bridges, and roads. Additionally, Saudi Arabia’s expanding commercial and residential sectors benefit from the versatile application of low carbon steel, particularly in the manufacturing of frames, panels, and roofing materials. Medium carbon steel, with its balanced strength and toughness, is used in the automotive, transportation, and industrial sectors. The automotive industry in Saudi Arabia, though still developing, requires medium carbon steel for vehicle chassis, suspension components, and other structural parts. The increasing demand for road networks and the expansion of railways in the country also necessitate the use of medium carbon steel for the construction of durable rail systems and roadways, ensuring smooth and safe transportation. High carbon and ultra-high carbon steel, known for their exceptional hardness and wear resistance, are utilized in demanding applications such as cutting tools, industrial machinery, and drilling equipment. In Saudi Arabia’s oil and gas industry, which is vital to the country’s economy, high carbon steel plays an indispensable role in manufacturing drilling rigs, offshore platforms, and pipelines, where it is essential for withstanding extreme pressure and environmental stress. The need for high-performance steel in the energy sector continues to drive the demand for high and ultra-high carbon steel, further solidifying its importance in Saudi Arabia’s industrial landscape.

The applications of carbon steel in Saudi Arabia span across various key industries, with the construction sector taking the lead. The country’s massive urbanization and infrastructural development fuel the demand for carbon steel in building high-rise structures, commercial complexes, airports, and transportation networks. In particular, low carbon steel is extensively used in structural reinforcement, beams, and columns due to its ability to withstand tensile stress and provide stability under varying load conditions. As Saudi Arabia seeks to diversify its economy, the government is heavily investing in large-scale infrastructure projects, including the expansion of airports, railways, and public utilities, all of which require substantial quantities of carbon steel. The automotive sector, while smaller in comparison to other regions, is expected to experience a surge in demand for carbon steel as local manufacturers ramp up production to meet growing demand for vehicles and automotive parts. The increasing focus on rail transport, particularly the Saudi Railway Project, is also contributing to the need for carbon steel in the production of tracks, trains, and other related infrastructure. Additionally, Saudi Arabia’s oil and gas industry remains one of the primary consumers of carbon steel, with its vast network of pipelines, drilling rigs, and refineries requiring durable and corrosion-resistant materials to handle the demands of oil extraction and transportation. Industrial equipment applications are also a significant contributor to carbon steel consumption in Saudi Arabia. Carbon steel is used in manufacturing equipment for power plants, desalination facilities, and other critical infrastructure that supports the Kingdom's industrial growth. Additionally, the material is used in producing containers, tanks, and heavy machinery parts, which are essential for the operations of industrial plants and manufacturing units. The versatility of carbon steel allows it to be used across various industries, from construction and transportation to energy and industrial equipment, with each sector relying on the material for its performance and durability in extreme conditions.

In Saudi Arabia, the carbon steel market is supported by a diverse range of product types, each tailored to specific industrial requirements. Flat products, including steel plates, coils, and sheets, are primarily used in the construction, automotive, and industrial sectors for applications requiring high strength and durability. The Kingdom's booming construction industry, particularly in the areas of high-rise buildings and large infrastructure projects, relies on flat carbon steel products for the fabrication of structural components and building facades. Long products, such as bars, rods, and steel beams, are in high demand for use in the construction of roads, bridges, and railways, which form the backbone of Saudi Arabia's expanding transportation network. Long products are also used in manufacturing machinery, tools, and equipment for the industrial sector. Carbon steel pipes and tubes are crucial in Saudi Arabia’s oil and gas industry, where they are used to transport oil and gas through pipelines that span vast distances across the country and into neighboring regions. The Kingdom’s extensive network of pipelines requires the use of durable and corrosion-resistant steel products to withstand the harsh conditions of the desert environment and the high pressure of petroleum transportation. Carbon steel wire products, including reinforcement bars and cables, are extensively used in construction projects and infrastructure development to provide additional strength and stability. These products are essential for the reinforcement of concrete structures, such as roads, bridges, and buildings, where their tensile strength plays a crucial role in ensuring structural integrity. Other specialized carbon steel products, such as those used in the manufacturing of machinery, equipment, and automotive parts, cater to the growing demand for precision and performance across industries.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Carbon Steel Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Low Carbon Steel (Mild Steel)
• Medium Carbon Steel
• High Carbon Steel & Ultra High carbon Steel

By Application
• Building and Construction
• Automotive & Transportation
• Industrial Equipment
• Others

By Product Type
• Flat Products
• Long Products
• Pipe and Tubes
• Wire Products
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.