Global Steel for Shipbuilding Market to Reach USD 24.3 Billion by 2030: A Rising Demand for Advanced Shipbuilding Materials https://dataintelo.com/report/global-steel-for-shipbuilding-market The Steel for Shipbuilding Market is poised for substantial growth, fueled by increasing demand for technologically advanced ships and the expansion of the global shipping industry. As of 2024, the market is valued at approximately USD 15.8 billion and is projected to grow at a compound annual growth rate (CAGR) of 5.1% to reach USD 24.3 billion by 2030. The need for high-quality, durable steel used in shipbuilding is expanding due to innovations in ship design, safety regulations, and demand for environmentally sustainable shipping methods. Steel remains the primary material for constructing large vessels, including bulk carriers, oil tankers, and container ships.