07-05-2018 08:25 AM CET - Industry, Real Estate & Construction

Structural Steel Market 2018 | Worldwide Leading Players - Nippon Steel & Sumitomo Metal Corporation, Arcelor Mittal S.A., Hebei Group, POSCO Wuhan Group, Hyundai Steel Co. Ltd, Bohai Group | Industry Growth 2023

Press release from: Crystal Market Research
Structural Steel Market
Structural Steel Market
A Research Study Titled, “Structural Steel Market By Application - Global Industry Analysis And Forecast To 2023”, Published By Crystal Market Research

Market Highlights

In 2014, The Global Structural Steel Market was evaluated around USD 79.87 billion and is expected to reach approximately USD 128.75 billion by 2023 while registering itself at a compound annual growth rate (CAGR) of 5.45% over the forecast period. Robust recovery of construction market in emerged markets of the UK, U.S., and Germany is a major factor fueling the growth of the market. Steel segments like wide flanges, angles, I-beams, and channels are extensively utilized in construction market due to their brilliant energy efficiency and design flexibility. Exponential technological developments in market for production maximization and cost reduction have boosted the high performance structural steel demand. The product demonstrates advanced properties like excellent ductility and seismic resistance, high strength, speed of erection and ease of fabrication.

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Key Growth Factors of Structural Steel Market

Rising application scope in an extensive non-residential applications range involving data centers, manufacturing facilities, healthcare facilities, big box retail stores, and airports is anticipated to strengthen the demand.

Elevated economic growth rate in developing regions has render governments’ considerable capital to fund the public infrastructure like hospitals, bridges, housing societies, and offices.

Appearance of private sector construction firms in UAE, Mexico and India is projected to further bestow in construction expenditure, influencing the global market growth positively.

Structural Steel Market: Competitive Insights

Nippon Steel & Sumitomo Metal Corporation
Arcelor Mittal S.A.
Hebei Group
Baosteel Group Co.
Wuhan Group
Hyundai Steel Co. Ltd. (HSC Ltd.)
Bohai Group
Anshan Iron & Steel Group Corporation
Baogang Group
Anyang Group Co. Ltd.
Tata Limited among others.

Regional Outlook and Trend Analysis

Northern Asia rules the global market due to rapid industrial development, technological advancements, increasing construction expenditure, and high GDP growth rates. China is anticipated to appear as the leading country in this region owing to population expansion combined with elevated GDP expansion. Rising number of public-private partnership (PPP) projects are expected to compliment the market demand further. Favorable government regulations involving Make-in-India combined with major augment in foreign direct investments are expected to remain the major market growth driving factor for the South Asian countries. The optimistic developments in the financial conditions of region are expected to promote developments in the housing & residential segment during the forecast years. North American market is anticipated to grow at a compound annual growth rate of 3.4% during the forecast years.

Competitive Outlook and Trend Analysis

Major industry participants are Nippon Steel & Sumitomo Metal Corporation, Arcelor Mittal S.A., Hebei Group, POSCO, Baosteel Group Co., Wuhan Group, Hyundai Steel Co. Ltd. (HSC Ltd.), Bohai Group, Anshan Iron & Steel Group Corporation, Baogang Group, Anyang Group Co. Ltd., and Tata Limited among others. Other major companies in the global market are also implementing several strategic initiatives involving mergers & acquisition to achieve a superior competitive edge and intensify their geographic range.

Structural Steel Market - By Region:

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)

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Table of Contents
1. Introduction
2.1. Key Highlights
3. Market Overview
4. Structural Steel Market, By Application
4.1. Introduction
4.2. Global Structural Steel Sales, Revenue and Market Share by Application (2014-2017)
4.2.1. Global Structural Steel Sales and Sales Share by Application (2014-2017)
4.2.2. Global Structural Steel Revenue and Revenue Share by Application (2014-2017)
4.3. Structural Steel Market Assessment and Forecast, By Application, 2014-2023
4.4. Non-residential
4.4.1. Market Assessment and Forecast, By Type, 2014-2023 ($Million)
4.4.2. Market Assessment and Forecast, By Region, 2014-2023 ($Million)
4.4.3. Industrial Market Assessment and Forecast, By Region, 2014-2023 ($Million)
4.4.4. Commercial Market Assessment and Forecast, By Region, 2014-2023 ($Million)
4.4.5. Offices Market Assessment and Forecast, By Region, 2014-2023 ($Million)
4.4.6. Institutional Market Assessment and Forecast, By Region, 2014-2023 ($Million)
4.5. Residential
4.5.1. Market Assessment and Forecast, By Region, 2014-2023 ($Million)
5. Structural Steel Market, By Region
6. Company Profiles
7. Global Structural Steel Market Competition, by Manufacturer
7.1. Global Structural Steel Sales and Market Share by Manufacturer (2016-2017)
7.2. Global Structural Steel Revenue and Market Share by Manufacturer (2016-2017)
7.3. Top 5 Structural Steel Manufacturer Market Share
7.4. Market Competition Trend

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What Our Report Offer:

1) An extensive research study on the Global Structural Steel Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Structural Steel Market.

2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.

3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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