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What's driving the Structural Steel Market Size? ArcelorMittal, Essar Steel, TISCO, Southern Steel Company (SSC), Pomina, Krakatau Steel, Sahaviriya Steel Industries, G Steel PCL, SAMC, Capitol Steel, Hyundai Steel, Nucor Steel, Baosteel, Ansteel, Wuhan I

06-06-2019 06:42 AM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport

/ PR Agency: Structural Steel Market
What's driving the Structural Steel Market Size?

According to this study, over the next five years the Structural Steel market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 79700 million by 2024, from US$ 59100 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Structural Steel business,

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The key manufacturers covered in this report:

• Gerdau S.A
• ArcelorMittal
• Tata Steel
• Nippon Steel Sumitomo Metal
• POSCO
• ThyssenKrupp
• JSW Steel
• Essar Steel
• TISCO
• Southern Steel Company (SSC)
• Pomina
• Krakatau Steel
• Sahaviriya Steel Industries
• G Steel PCL
• SAMC
• Capitol Steel
• Hyundai Steel
• Nucor Steel
• Baosteel
• Ansteel
• Wuhan Iron and Steel
• Shagang Group
• Shandong Iron & Steel Group
• Ma Steel
• Bohai Steel
• Shougang Group
• Valin Steel
• Anyang Iron & Steel Group
• Baogang Group

Structural steel is a category of steel used as a construction material for making structural steel shapes. A structural steel shape is a profile, formed with a specific cross section and following certain standards for chemical composition and mechanical properties. Structural steel shapes, sizes, composition, strengths, storage practices, etc., are regulated by standards in most industrialized countries.

Structural steel has many uses in the modern world, but the application most associated with it is in construction. It is one of the most vital materials used in building, favored for a number of reasons, the main beings it versatility, relatively low production cost, high strength, sustainability and availability. Structural steel is categorized into shapes, each with their own compositional properties that are regulated by standards, which differ between different countries.

Geographically, the production of Asia concentrates in China, Japan, Korea, and India, which totally account for about 81.25% of the Asia production in 2015. China accounted for 64.86% of the production market share during 2015 and is predicted to retain its leadership until the end of 2022. Southeast Asia is the most promising market of structural steel in Asia, among which, Thailand, Philippines, Vietnam, Indonesia takes the leading share.

The market of structural steel is quite concentrated. Tata Steel, Nippon Steel Sumitomo Metal, POSCO, Baosteel, Ansteel, Wuhan Iron and Steel, are the key suppliers in the Asia structural steel market. The five then took up about 30.23% of the Asia production market in 2015.

This report presents a comprehensive overview, market shares, and growth opportunities of Structural Steel market by product type, application, key manufacturers and key regions and countries.

This study considers the Structural Steel value and volume generated from the sales of the following segments:

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Segmentation by product type:

I-Beam
Angle (L-Shape)

Hollow Structural Section (HSS) Shape

Z-Shape
T-Shaped
Segmentation by application:

Construction Industry
Transportation Industry
Machinery Industry
Others

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Structural Steel consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

To understand the structure of Structural Steel market by identifying its various subsegments.

Focuses on the key global Structural Steel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Structural Steel with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Structural Steel submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents
2019-2024 Global Structural Steel Consumption Market Report
1 Scope of the Report
2 Executive Summary
3 Global Structural Steel by Players
4 Structural Steel by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Structural Steel Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion

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