Structural Steel Market was valued at US$ 116.16 Bn. in 2022 and it is expected to reach US$ 176.99 Bn. by 2029


Posted October 30, 2023 by poojammr

Asia-Pacific: The region dominated the market in 2022, with a 67% market share, and is expected to maintain its leading position with the fastest CAGR over the forecast period.
 
Structural Steel Market Report Scope and Research Methodology :

The report's findings are the result of meticulous research methodology, incorporating historical data analysis from 2018 to 2022. Furthermore, it presents a forward-looking perspective, forecasting market trends until 2029, providing a comprehensive outlook for market participants.

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Structural Steel Market Dynamics:

Structural steel is considered an environmentally friendly building material due to its recyclability, making it an ideal choice for green building projects. The increasing number of green buildings worldwide is driving market growth. Furthermore, government initiatives aimed at improving housing and infrastructure have boosted the demand for structural steel. This trend is reflected in the growing number of steel manufacturers. The use of structural steel extends to large infrastructure projects such as bridges, canals, warehouses, and factories, making it a key driver of market expansion. In the transportation sector, structural steel is indispensable in the construction of vehicles due to its strength and resistance to corrosion. However, the market is not without its challenges, as structural steel can be susceptible to corrosion in outdoor environments and requires flame-retardant treatment.

Structural Steel Market Regional Insights:

Asia-Pacific: The region dominated the market in 2022, with a 67% market share, and is expected to maintain its leading position with the fastest CAGR over the forecast period. The increase in investment in residential and commercial sectors by emerging economies like China and India is a significant growth factor. China, one of the largest steel producers, contributes to the region's growth.
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Structural Steel Market Segmentation:

by Product

Metal Welding
Metal Foaming
Machining
Others


by Application

Residential
Non-Residential

Structural Steel Market Key Players:

1. Arcelor Mittal S.A.
2. Baogang Group
3. Bohai Steel Group Co. Ltd
4. Hebei Steel Group
5. JSW Steel Limited
6. Baosteel Group Corporation
7. Nippon Steel & Sumitomo Metal Corporation
8. Tata Steel Limited
9. JFE Steel Corporation
10. HYUNDAI Steel Company
11. Jiangsu Shagang
12. Pohang Iron and Steel Company

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Table of content for the Structural Steel Market includes:



Global Structural Steel Market : Research Methodology


Global Structural Steel Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Structural Steel Market : Competitive Analysis


MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact


Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments


Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, SizeandForecast by different segment | 20232029
Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation A detailed analysis by growth and trend
Competitive Landscape Profiles of selected key players by region from a strategic perspective
Competitive landscape Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTERs analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Issued By poojammr
Country India
Categories Advertising , Affiliate Program , Automotive
Tags structural steel market , structural steel market size , structural steel market share , structural steel market analysis , structural steel market trends
Last Updated October 30, 2023