Structural Steel Market is expected to reach USD 176.99 Bn. by 2029 at a CAGR of 6.2% during the forecast period

Structural Steel Market Report Scope and Research Methodology :

The Structural Steel Market report provides a comprehensive analysis of the industry, including the impact of COVID-19 lockdowns on market leaders, followers, and disrupters. The report takes into account the varying effects of lockdown measures across regions and segments, offering insights into both short-term and long-term market impacts. Decision-makers can leverage this information to formulate region-specific strategies.

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Structural Steel Market Dynamics:

The market is driven by the sustainability of structural steel as a building material, given its recyclability. The increasing adoption of green building practices and the rise in the number of green buildings worldwide are expected to fuel market growth. Additionally, the surge in residential and commercial construction projects globally, driven by government initiatives and increased consumer spending on housing and infrastructure, is a key growth driver. Structural steel's versatility makes it an ideal choice for large-scale construction projects, including bridges, warehouses, factories, and more.

Drivers: Structural steel serves as a vital building material in the construction industry, available in various shapes and qualities. It is used to construct long beams with different cross-sectional shapes, including hollow structures, I-beams, T-shaped sections, and more. Structural steel exhibits properties such as high tensile strength, strength, ductility, and ease of manufacturing. It plays a crucial role in reinforcing structures to withstand concrete's low tensile strength. Regulatory agencies and organizations establish standards governing the shape, size, chemical composition, and properties of structural steel.

Structural Steel Market Regional Insights:

Asia-Pacific: The region dominated the market in 2022, holding a 67% share, and is expected to continue its dominance with the fastest CAGR during the forecast period. Developing economies like China and India are witnessing increased investments in residential and commercial sectors, benefiting market growth. Southeast Asia is emerging as a prominent region in the global market, with China being one of the largest steel producers.

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Structural Steel Market Segmentation:

by Product

Metal Welding
Metal Foaming
Machining
Others

by Application

Residential
Non-Residential

by Type

Carbon-manganese steel
HSLA (High strength, low alloy steel)
Heat treated carbon steel
Heat treated alloy steel

by End User

Construction
Transport
Ship building
Energy
Transport
Others

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:

1. Global Structural Steel Market: Research Methodology

2. 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

3. Global Structural Steel Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A 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

4. 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, Size and Forecast by different segment | 2023-2029
• 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
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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