Structural Steel Market: Global Industry Analysis and Forecast (2021-2027) by Service, Application, and Region.

Structural Steel Market size was valued at US$ 103 Bn. in 2020. Non-Residential, one of the segments reviewed in MMR reports dominated the Global Structural Steel Market.

Structural Steel Market Overview:

Structural steel is used as a building material in the construction industry and is welded in different shapes and qualities. It has the shape and shape of a long beam of different cross-sectional shapes. Structural steel is used in various forms such as hollow structures, I-beams, T-shaped, and others. These steels have properties such as high tensile strength, strength, ductility and can be easily manufactured. Structural steel is mainly used as reinforcement to resist low tensile concrete. Its shape, size, chemical composition, and properties are regulated by a standard established by agencies and organizations for most countries. Structural Steel Market To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand, and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lockdown on the market in 2020 and 2021.

Structural Steel Market Dynamics:

Structural steel is considered a green building material due to its recyclability and hence the increasing number of green buildings in the country is expected to drive market growth. The significant increase in the number of houses and other buildings worldwide and the use of structural steel in the construction of these buildings is the key driver of the structural steel market. Government initiatives to improve the housing situation in various countries have increased the demand for structural steel in the construction industries. This had led to an increase in the number of manufacturers of steel. Structural steel has many applications in construction, it is used in the construction of large structures such as bridges, canals, warehouses, and factories. It is used to create beams, steel frames, columns, and bars used in the construction of large structures. The growing infrastructure and advancement in technologies are driving the market of the structural steel market. In transportation, structural steel is used in the construction of trucks, trains, railways, and ships because of its high tensile strength, corrosion resistance, and ductility. These factors are driving the demand for structural steel in the transportation industry. It is affordable and can be recycled in the future. Structural steel requires expensive flame retardant treatment and is susceptible to corrosion in outdoor environments. This factor is most likely to restrain the market growth. Market trends and challenges are analyzed and compiled in the report. The data of 2020 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2016 to 2019 with market forecast until 2027.

Structural Steel Market Segment Analysis:

By Service, Machining services dominated the market with a 30 % share in 2020. Advancements in science and technology, automated tools, and technologies are rising enormously. This is producing the invention of various machines that are used in automotive, aerospace, construction, etc. which are majorly made up of structural steel. These factors are expected to drive the market growth of the segment. Structural Steel Market by Service By Application, the Non-Residential segment dominated the market with a 54 % share in 2020. Structural steel is mainly used in industrial buildings due to its extreme strength and for subsiding the potential impact of repairs. It is also ideal for building large bridges owing to its high durability & excellent strength-to-weight ratio, which ensures withstanding the weight of cars & pedestrians. Increasing spending on data centers, healthcare facilities, big-box retail stores, stadiums, airports, and manufacturing facilities. These are the factors driving the market growth of this segment. The residential segment is expected to grow at a CAGR of 4 % through the forecast period. It is used from building a single-family house to a big mixed-space building. It also provides environmental benefits as it is 100 percent recyclable with no degradation. Excellent flexibility & adaptability in modular construction, it can be dismantled, moved easily, and maintain the asset value of the building. These are the factors expected to drive the market growth through the forecast period. Structural Steel Market by Application

Structural Steel Market Regional Insights:

Asia-Pacific dominated the market with a 67% share in 2020 and is expected to maintain its position at the fastest CAGR over the forecast period. The increase in investment in the residential and commercial sectors by developing economies, such as China and India, is expected to benefit the growth of the market. Southeast Asia is one of the emerging regions in the world market. China is one of the largest steel producers. These are the factors driving the growth of the region. Structural Steel Market by Regional The objective of the report is to present a comprehensive analysis of the Structural Steel market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Structural Steel market dynamics, structure by analyzing the market segments and projecting the Structural Steel market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Structural Steel market make the report investor’s guide.

Structural Steel Market Scope: Inquire before buying

Structural Steel Market by Scope

Structural Steel Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Structural Steel Market Key Players

• Arcelor Mittal S.A. • Baogang Group • Bohai Steel Group Co. Ltd • Hebei Steel Group • JSW Steel Limited • Baosteel Group Corporation • Nippon Steel & Sumitomo Metal Corporation • Tata Steel Limited • JFE Steel Corporation • HYUNDAI Steel Company • Jiangsu Shagang • Pohang Iron and Steel Company

FAQ:

1] What segments are covered in the Structural Steel Market report? Ans. The segments covered in the Structural Steel Market report are based on Service and Application. 2] Which region is expected to hold the highest share in the Structural Steel Market? Ans. Asia Pacific Region is expected to hold the highest share in the Structural Steel Market. 3] What is the market size of the Structural Steel Market by 2027? Ans. The market size of the Structural Steel Market by 2027 is US $ 156.93 Bn. 4] Who are the top key players in the Structural Steel Market? Ans. Arcelor Mittal S.A., Baogang Group, Bohai Steel Group Co. Ltd, Hebei Steel Group, JSW Steel Limited, Baosteel Group Corporation, Nippon Steel & Sumitomo Metal Corporation, Tata Steel Limited, JFE Steel Corporation, HYUNDAI Steel Company, Jiangsu Shagang, Pohang Iron and Steel Company. 5] What was the market size of the Structural Steel Market in 2020? Ans. The market size of the Structural Steel Market in 2020 was US $ 103 Bn.
1. Global Structural Steel Market: Research Methodology 2. Global Structural Steel Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Structural Steel Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Structural Steel Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Structural Steel Market Segmentation 4.1. Global Structural Steel Market, by Service (2020-2027) • Metal Welding • Metal Foaming • Machining • Others 4.2. Global Structural Steel Market, by Application (2020-2027) • Residential • Non-Residential 5. North America Structural Steel Market(2020-2027) 5.1. Global Structural Steel Market, by Service (2020-2027) • Metal Welding • Metal Foaming • Machining • Others 5.2. Global Structural Steel Market, by Application (2020-2027) • Residential • Non-Residential 5.3. North America Structural Steel Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Structural Steel Market (2020-2027) 6.1. European Structural Steel Market, by Service (2020-2027) 6.2. European Structural Steel Market, by Application (2020-2027) 6.3. European Structural Steel Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Structural Steel Market (2020-2027) 7.1. Asia Pacific Structural Steel Market, by Service (2020-2027) 7.2. Asia Pacific Structural Steel Market, by Application (2020-2027) 7.3. Asia Pacific Structural Steel Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Structural Steel Market (2020-2027) 8.1. Middle East and Africa Structural Steel Market, by Service (2020-2027) 8.2. Middle East and Africa Structural Steel Market, by Application (2020-2027) 8.3. Middle East and Africa Structural Steel Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Structural Steel Market (2020-2027) 9.1. Latin America Structural Steel Market, by Service (2020-2027) 9.2. Latin America Structural Steel Market, by Application (2020-2027) 9.3. Latin America Structural Steel Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Tata Steel 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Arcelor Mittal S.A. 10.3. Baogang Group 10.4. Bohai Steel Group Co. Ltd 10.5. Hebei Steel Group 10.6. JSW Steel Limited 10.7. Baosteel Group Corporation 10.8. Nippon Steel & Sumitomo Metal Corporation 10.9. JFE Steel Corporation 10.10. HYUNDAI Steel Company 10.11. Jiangsu Shagang 10.12. Pohang Iron and Steel Company

About This Report

Report ID90114
Category Material & Chemical
Published DateMarch 2021
Updated DateNov 2021
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