Press Releases

Structural Steel Market : Global Opportunities & Industry Analysis 2022 to 2030

Share This Article

The global Structural Steel market size is expected to be worth around US$ 150.41 billion by 2030, according to a new report by Vision Research Reports.

The global Structural Steel market size was valued at US$ 97.94 billion in 2020 and is anticipated to grow at a CAGR of 6.3% during forecast period 2021 to 2030.

Download Exclusive Sample of Report@ https://www.visionresearchreports.com/report/sample/38896

Report Coverage

Report Scope Details
Market Size US$ 150.41 Billion by 2030
Growth Rate CAGR of 6.3% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned ArcelorMittal; Baogang Group; Evraz plc; Gerdau S.A.; JSW Steel; POSCO; Nippon Steel Corp.; Tata Steel; SAIL

Growth Factors

 The market growth is attributed to the growth in the construction sector and rising demand for steel as a green and sustainable material. Structural steel is utilized for construction-related applications. Its high carbon content offers high strength and low ductility. It is available in the form of various shapes such as I-beam, Z-shape, angle, tee, bar, and rod, depending upon the applications. It can be customized into a variety of shapes in different thicknesses and sizes owing to its ductility. Based on application, the market is segmented into residential and non-residential, where the latter dominates the market, in terms of revenue share.

By Application Analysis

The non-residential emerged as the dominant application segment in 2020 with a revenue share of more than 53%. It is estimated to expand further at the fastest CAGR over the forecast period owing to the increasing spending on healthcare facilities, data centers, big-box retail stores, stadiums, airports, and manufacturing facilities.

The industrial sub-segment accounts for the maximum share in the non-residential segment. Structural steel is majorly used in industrial buildings due to its extreme strength, which is beneficial not only for structural integrity but also for subsiding the potential impact of repairs.

The residential application segment accounted for the second-highest revenue share in 2020. The product is widely utilized in housing and residential buildings owing to its lightweight and high-strength characteristics, which minimizes the load on the foundation and reduces sub-structure costs.

By Regional Analysis

Asia Pacific held the largest revenue share of more than 69% of the global market in 2020 and is anticipated to maintain its dominance growing at the fastest CAGR over the forecast period. Increased investments in the housing and commercial sectors of the developing economies, such as China and India, are anticipated to prove fruitful for market growth.

North America is anticipated to register a CAGR of 4.4%, in terms of revenue, over the forecast period. The region suffered a heavy economic loss, especially in the U.S. and Mexico, due to the COVID-19 pandemic.

Southeast Asia is one of the emerging regions in the global market. There is a need for huge investments to reduce the infrastructure gap in this region. From 2000, Japan has financed projects worth USD 230 billion, while China invested around USD 155 billion for the improvement of infrastructure in the Southeast Asian region.

Middle East & Africa is expected to grow at a considerable CAGR over the forecast period. The region is anticipated to witness a plethora of projects in the coming years, which is expected to propel market growth.

Key Players

  • ArcelorMittal
  • Baogang Group
  • Evraz plc
  • Gerdau S.A.
  • JSW Steel
  • POSCO
  • Nippon Steel Corp.
  • Tata Steel
  • SAIL

Market Segmentation

  • By Application
    • Residential
    • Non-Residential
      • Industrial
      • Commercial
      • Offices
      • Institutional
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Spain
      • Russia
      • Turkey
      • Poland
    • Asia Pacific
      • China
      • Taiwan
      • Japan
      • Hong Kong
      • Thailand
      • Malaysia
      • Singapore
      • Vietnam
      • Philippines
      • India
      • Australia
      • New Zealand
      • Indonesia
    • Central & South America
      • Brazil
      • Chile
      • Colombia
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Iran
      • South Africa

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38896

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Structural Steel Market, By Application

7.1.  Structural Steel Market, by Application, 2021-2030

7.1.1.    Residential

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Non-Residential

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Structural Steel Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Application (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Application (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Application (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Application (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Application (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 9.    Company Profiles

9.1.  ArcelorMittal

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Baogang Group

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Evraz plc

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Gerdau S.A.

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  JSW Steel

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  POSCO

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  Nippon Steel Corp.

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  Tata Steel

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

9.9.  SAIL

9.9.1.    Company Overview

9.9.2.    Product Offerings

9.9.3.    Financial Performance

9.9.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38896

Contact Us:

Vision Research Reports

Call: +1 9197 992 333

Email: sales@visionresearchreports.com

Show More

Related Articles

Back to top button