Structural Steel Market

Structural steel is one of the most popular and efficient materials used in the construction industry. It offers a number of benefits that other materials cannot match, including its high strength-to-weight ratio and flexibility. It also helps to reduce the cost of a building project and is environmentally friendly because it can be recycled without compromising its strength. The main purpose of structural steel is to provide stability for buildings and other structures. It is used in a wide variety of applications, from railways and bridges to factories and warehouses. It is an alloy that is primarily made from iron and carbon. The addition of small amounts of other elements, such as chromium, manganese and aluminum, can improve the properties of the metal. Unlike many other metals, which are used for a wide range of applications, structural steel is specialized. It can be forged into various shapes, and it can be adapted to have different properties to meet specific design requirements.

Market Dynamics:

The increasing demand for structural steel products in the construction industry is projected to drive market growth. Another factor that is driving growth of the market is the growing demand for pre-engineered and prefabricated construction projects. This is largely due to the increasing popularity of this product among construction companies and their customers. The growing need for high-quality and long-lasting infrastructure is also projected to increase the demand for structural steel in the near future. This is attributed to the increasing need for infrastructure in countries with fast-growing economies such as China and India. Besides, rising demand for structural steel from the automotive industry is further projected to boost growth of this market.

On the other hand, fluctuating price of raw materials is expected to restrict the market growth.

Key features of the study:

• This report provides in-depth analysis of the global structural steel market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global structural steel market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Arcelormittal, Nippon Steel Corporation, Shougang, Tata Steel, Hyundai Steel, Anyang Iron & Steel Group Co., Ltd., British Steel, China Ansteel Group Corporation Limited, Emirates Steel, Evraz Plc, and Gerdau S/A
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global structural steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global structural steel market

Detailed Segmentation:

• Global Structural Steel Market , By Application
  • Infrastructure
  • Industrial
  • Commercial
  • Residential
• Global Structural Steel Market , By Type
  • Hot-rolled Steel
  • Cold-rolled Steel
• Global Structural Steel Market , By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Arcelormittal
  • Nippon Steel Corporation
  • Shougang
  • Tata Steel
  • Hyundai Steel
  • Anyang Iron & Steel Group Co., Ltd.
  • British Steel
  • China Ansteel Group Corporation Limited
  • Emirates Steel
  • Evraz Plc
  • Gerdau S/A