Global Structural Steel Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global structural steel market in its upcoming report titled, “Global Structural Steel Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global structural steel market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global structural steel market report has been segmented on the basis of product type, application, and region.
Structural steel is a type of steel used for making construction materials. Structural steels are used in various size and shapes such as I-beam, hollow structural section (HSS) shape, Z-shape, angle (L-shape), and T-shaped. Structural steels are manufactured in section and plate shapes and are generally used in buildings, bridges, ships, and pipelines. Based on chemical composition, structural steel is classified as carbon-manganese steels, high-strength low-alloy steels, and high-strength tempered and quenched alloy steels. Structural steel has various properties such as high strength, toughness, stiffness, and ductile properties.
Increasing infrastructural development activities in developed and developing economies is a major factor driving growth of the global structural steel market. In addition, increasing adoption of structural steel in construction of ships, bridges, and buildings, owing to its advantages such as toughness, high strength, fire resistance, ductility, and stiffness are other factors expected to fuel growth of the global structural steel market over the forecast period.
However, fluctuations in raw material prices is a major factor restraining growth of the global structural steel market. In addition, growing acceptance of prefabricated building which is a substitute for structural steel is another factor expected to hamper growth of the global structural steel market over the forecast period.
The market in Asia Pacific is expected to account for highest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to increasing spending on construction of housing and residential buildings and ongoing public infrastructure developments in emerging economies such as China, Japan, and India. The market in North America is expected to register moderate growth over the forecast period, owing to increasing use of structural steel for construction of residential and non-residential buildings in countries in the region. Also, the markets in Latin America, Europe, and Middle East & Africa are projected to witness moderate growth in the global market over the forecast period.
Global structural steel market segmentation:
By Product type:
- Alloy structural steel
- Carbon structural steel
- Low-alloy structural steel
- Heat-resistant steel
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Nippon Steel & Sumitomo Metal Corporation
- Wuhan Iron & Steel (Group) Corp.
- Bohai Steel Group Co., Ltd.
- Tata Steel Limited
- Anshan Iron and Steel Group Corporation
- Anyang Chemical Industry Group Co., Ltd.
- Hyundai Steel Company
- Gerdau S.A.
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