Press release
What's driving the Structural Steel Market growth? Key Players are: ArcelorMittal, NucorCorporation, Erdemir Group and Voestalpine AG, Shagang Group, POSCO, Evraz Group, Severstal, Tata, SSAB AB, JSPL
Regionally, China structural steel market from I shaped heavy sections is projected to surpass USD 16 billion by 2024. I-beams are most widely used sections owing to their high strength and their applicability to create spacious and large rooms with slight support channels. Growing revamp activities in the region is likely to foster product demand as these beams are used to replace old structural channels with new ones. Its increasing usage in construction of frames for elevators, trolley truck beds, and trailer is likely to have a positive outlook on industry size.
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U.S. may witness gains at over 5% by 2024 from energy development application of structural steel. These products are extensively used in numerous energy sector including nuclear, electric & natural gas and wind power plants and rigs with application in construction of transmission towers, oil and gas wells, transformer cores and pipelines. Increasing energy company activities to produce oil & gas, coal and renewable fuels are likely to fuel construction sector, therefore driving structural steel market product demand.
Growing residential & non-residential buildings along with rising number of manufacturing facilities globally is another factor likely to drive structural steel market. Iron and carbon are the main constituents used in manufacturing of structural steels. These products are extensively used for construction of transmission line towers, buildings, and manufacturing sheds. They are manufactured in numerous shapes and sizes including, angle (L-shape), I-beam, hollow structural section (HSS), T-shaped shape and Z-shape.
Industrial applications of structural steel may outdo 1 million tons in Italy during predicted timeframe, owing to upgradation in existing industrial buildings, which is positively affecting the country?s structural steel market growth. Growing support from government to restore economic development through investments in infrastructure and industrial construction projects along with positive expansions in country?s retail, tourism and manufacturing sectors are anticipated to support industrial growth.
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UK structural steel market size from bridges is poised to witness gains at over 4% by 2024, owing to growing bridge construction for road, rail and sewer projects which is likely to support industry growth over the forecast timeframe. Initiations of major tunnel infrastructure projects and advancements in numerous london underground stations are projected to boost the industry.
Global structural steel market share is moderately fragmented among several participants including ArcelorMittal, Shagang Group, POSCO, Evraz Group, NucorCorporation, Erdemir Group and Voestalpine AG, Severstal, Tata, SSAB AB and JSPL. Manufacturers are broadly emphasizing on research and development activities to make cost effective and innovative products with primary importance given to safety and toughness, to fulfill consumer demand for effective construction.
Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Structural Steel industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
Chapter 3 Structural Steel Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.2.1 Collaborations/Partnerships
3.3.2.2 Distributors
3.4 Technology landscape
3.5 Raw material analysis
3.6 Regulatory landscape
3.6.1.1 North America
3.6.1.2 American Institute of Steel Construction
3.6.1.3 Europe
3.6.1.4 India
3.7 Pricing analysis
3.7.1 Heavy sectional steel
3.7.1.1 L shaped
3.7.1.2 H shaped
3.7.1.3 Sheet pile
3.7.1.4 C shaped
3.7.1.5 I shaped
3.7.1.6 T shaped
3.7.1.7 Pipe
3.7.1.8 HSS
3.7.2 Light sectional steel
3.7.2.1 H shaped
3.7.2.2 Sheet pile
3.7.2.3 C shaped
3.7.2.4 I shaped
3.7.2.5 T shaped
3.7.2.6 Pipe
3.7.2.7 HSS
3.7.3 Rebar
3.8 Trade statistics, 2016
3.8.1 Heavy sectional steel (KT)
3.8.2 Light sectional steel (KT)
3.8.3 Rebar (KT)
3.9 Cost Structure Analysis
3.10 Industry impact forces
3.10.1 Growth drivers
3.10.1.1 North America: Growing Steel consumption and increasing residential housing units
3.10.1.2 Asia Pacific: Growing infrastructure and increasing number of skyscrapers
3.10.1.3 Europe: Growth in Residential and Non-Residential infrastructure
3.10.2 Industry pitfalls & challenges
3.10.2.1 Corrosion
3.10.2.2 Expensive fireproof treatment
3.10.2.3 Fatigue and Fracture in steel
3.11 Innovation & sustainability
3.12 Growth potential analysis, 2017
3.12.1 Emerging business model
3.12.1.1 Collaboration/Joint ventures
3.12.1.2 Acquisitions
3.12.1.3 New product launch
3.13 Porter’s analysis
3.14 Top 20 company overall steel production, 2016
3.15 Company market share analysis, 2017
3.15.1 Strategy dashboard
3.16 PESTEL analysis
Chapter 4 Structural Steel Market, By Product
4.1 Key product trends
4.2 Heavy Sectional Steel
4.2.1 Market estimates & forecasts from heavy sectional steel,2013–2024,(KT) (USD Million)
4.2.2 Market estimates & forecasts from heavy sectional steel, by region, 2013-2024, (KT) (USD Million)
4.2.3 L Shape Heavy Sectional Steel
4.2.4 H Shape Heavy Sectional Steel
4.2.5 Sheet Pile Heavy Sectional Steel
4.2.6 C Shape Heavy Sectional Steel
4.2.7 I Shape Heavy Sectional Steel
4.2.8 T Shape Heavy Sectional Steel
4.2.9 Pipe Heavy Sectional Steel
4.2.10 HSS Heavy Sectional Steel
4.3 Light Sectional Steel
4.3.1 Market estimates & forecasts from light sectional steel,2013–2024,(KT) (USD Million)
4.3.2 Market estimates & forecasts from light sectional steel, by region, 2013-2024, (KT) (USD Million)
4.3.3 L Shape Light Sectional Steel
4.3.4 H Shape Light Sectional Steel
4.3.5 Sheet Pile Light Sectional Steel
4.3.6 C Shape Light Sectional Steel
4.3.7 I Shape Light Sectional Steel
4.3.8 T Shape Light Sectional Steel
4.3.9 Pipe Light Sectional Steel
4.3.10 HSS Light Sectional Steel
4.4 Rebar
4.4.1 Market estimates & forecasts from rebar,2013–2024,(KT) (USD Million)
4.4.2 Market estimates & forecasts from rebar, by region, 2013-2024, (KT) (USD Million)
Chapter 5 Structural Steel Market, By Application
5.1 Key application trends
5.2 Residential
5.2.1 Market estimates & forecasts from residential, 2013-2024, (KT) (USD Million)
5.2.2 Market estimates & forecasts from residential, by region, 2013-2024, (KT) (USD Million)
5.3 Non-Residential
5.3.1 Market estimates & forecasts from non-residential, 2013-2024, (KT) (USD Million)
5.3.2 Market estimates & forecasts from non-residential, by region, 2013-2024, (KT) (USD Million)
5.3.3 Commercial
5.3.3.1 Market estimates & forecasts from commercial, by region, 2013-2024, (KT) (USD Million)
5.3.4 Institutional
5.3.4.1 Market estimates & forecasts from institutional, by region, 2013-2024, (KT) (USD Million)
5.3.5 Offices
5.3.5.1 Market estimates & forecasts from offices, by region, 2013-2024, (KT) (USD Million)
5.3.6 Health buildings
5.3.6.1 Market estimates & forecasts from health buildings, by region, 2013-2024, (KT) (USD Million)
5.4 Industrial
5.4.1 Market estimates & forecasts from industrial, 2013-2024, (KT) (USD Million)
5.4.2 Market estimates & forecasts from industrial, by region, 2013-2024, (KT) (USD Million)
5.4.3 Energy development
5.4.4 Market estimates & forecasts from energy development, by region, 2013-2024, (KT) (USD Million)
5.4.4.1 Onshore structure
5.4.4.1.1 Market estimates & forecasts from onshore structure, by region, 2013-2024, (KT) (USD Million)
5.4.4.2 Offshore
5.4.4.2.1 Market estimates & forecasts from offshore structure, by region, 2013-2024, (KT) (USD Million)
5.4.5 Station and Hangers (Airports & Railways)
5.4.6 Market estimates & forecasts from station and hangers, by region, 2013-2024, (KT) (USD Million)
5.4.7 Bridges
5.4.7.1 Market estimates & forecasts from bridges, by region, 2013-2024, (KT) (USD Million)
5.4.8 Others
5.4.8.1 Market estimates & forecasts from other application, by region, 2013-2024, (KT) (USD Million)
Complete report titled at https://www.marketstudyreport.com/reports/structural-steel-market
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