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Structural Steel Market Key Business Segments is Expected to Reach USD 187.96 Bn by 2030

12-13-2024 02:13 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

Structural Steel Market

Structural Steel Market

Structural Steel Market was valued at USD 123.36 Bn. in 2023 and it is expected to reach USD 187.96 Bn. by 2030 at a CAGR of 6.2% during the forecast period.

๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The global Structural Steel market is growing as industries seek solutions for energy efficiency, process control, and environmental protection. Structural Steel materials, including fiberglass, polyurethane foam, polystyrene foam, and phenolic foam, act as barriers to heat flow, maintaining low temperatures and preventing condensation in various applications. These materials are increasingly in demand due to their ability to reduce energy consumption, lower operational costs, and minimize environmental impact, especially in sectors like HVAC, oil and gas, refrigeration, and chemicals. As the focus on sustainability and energy conservation intensifies, the market is poised for continued expansion, driven by advancements in insulation technologies and a rising awareness of greenhouse gas emissions.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ :https://www.maximizemarketresearch.com/request-sample/90114/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

Key drivers of the Structural Steel market include the growing emphasis on energy efficiency, rising energy costs, and the increasing demand for cold storage, air conditioning, and refrigeration systems, particularly in emerging economies. Additionally, the oil and gas industry's adoption of cryogenic equipment and the need to maintain low temperatures in various industrial processes contribute significantly to market growth. Government initiatives to enhance the energy efficiency of public infrastructure, alongside technological advancements in sustainable insulation materials, are expected to further fuel the market. However, volatile raw material costs and the shift towards environmentally friendly alternatives may present challenges for market players.

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ

๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

The global Structural Steel market is growing as industries seek solutions for energy efficiency, process control, and environmental protection. Structural Steel materials, including fiberglass, polyurethane foam, polystyrene foam, and phenolic foam, act as barriers to heat flow, maintaining low temperatures and preventing condensation in various applications. These materials are increasingly in demand due to their ability to reduce energy consumption, lower operational costs, and minimize environmental impact, especially in sectors like HVAC, oil and gas, refrigeration, and chemicals. As the focus on sustainability and energy conservation intensifies, the market is poised for continued expansion, driven by advancements in insulation technologies and a rising awareness of greenhouse gas emissions.

๐“๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ ๐œ๐š๐ง ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ :https://www.maximizemarketresearch.com/inquiry-before-buying/90114/

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ

Thailand's market for structural steel is being fueled by booming construction and infrastructure activities, particularly in urban development and transportation. The Thai government's focus on building a high-speed rail network and modernizing its highways is driving the demand for steel structures. Thailand's position as a leading manufacturing hub in Southeast Asia also attracts foreign investment in the structural steel industry.

๐‰๐š๐ฉ๐š๐ง ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Japan's structural steel market is characterized by an emphasis on innovation and sustainability. The country's strong demand for earthquake-resistant infrastructure and advancements in building technologies have increased the use of high-strength steel. Japan's aging population also boosts demand for residential buildings, driving the need fo

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ

South Korea's structural steel market continues to see rapid growth, underpinned by its strong manufacturing and construction sectors. The government's Green New Deal initiative, focusing on sustainable infrastructure development, is driving the demand for structural steel in green buildings and renewable energy projects.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Singapore's structural steel market is driven by its ongoing urbanization and infrastructural modernization. As a global business hub, Singapore's demand for high-performance materials in skyscrapers and commercial buildings remains high. The country is also investing heavily in smart city technologies, creating a demand for advanced steel structures.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ

In the U.S., the structural steel market is experiencing growth due to increased infrastructure spending, particularly under the government's new infrastructure bill. The demand for steel in construction, energy, and transportation is expected to grow as a result of these investments. Additionally, the shift towards green building materials and energy-efficient solutions is encouraging the use of sustainable steel options.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Europe remains one of the most mature markets for structural steel, with key players focusing on innovations in manufacturing and sustainable steel solutions. The region's demand for structural steel is driven by large-scale infrastructural projects, including bridges, railways, and smart buildings. The focus on reducing carbon footprints is also shaping the future of the market in Europe.

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐“๐ก๐ฒ๐ฌ๐ฌ๐ž๐ง๐Š๐ซ๐ฎ๐ฉ๐ฉ ๐’๐ญ๐ž๐ž๐ฅ ๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐€๐† has partnered with various European Union governments to research and implement green steel manufacturing processes, contributing to the continent's goal of carbon neutrality by 2050.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ ๐’๐ญ๐ž๐ž๐ฅ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง has announced plans to expand its operations and invest in next-generation steel production technologies, aimed at supporting the U.S. government's infrastructure revitalization efforts.

๐“๐š๐ญ๐š ๐’๐ญ๐ž๐ž๐ฅ ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž has announced a new production line to cater to the increased demand for steel used in high-rise buildings and infrastructure, positioning the company as a key player in the region.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ฎ๐ฅ๐ฅ ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.maximizemarketresearch.com/request-sample/90114/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/global-structural-steel-market/90114/

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐š๐ฅ ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

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

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก :

โ™ฆ Automotive Smart Tire Market https://www.maximizemarketresearch.com/market-report/global-automotive-smart-tire-market/70519/

โ™ฆ Global Carbon Nanotubes (CNT) Market https://www.maximizemarketresearch.com/market-report/global-carbon-nanotubes-cnt-market/2662/

โ™ฆ Global Technical Textile Market https://www.maximizemarketresearch.com/market-report/global-technical-textile-market/28487/

โ™ฆ Global Waste to Energy Market (WTE) https://www.maximizemarketresearch.com/market-report/waste-to-energy-market-wte/13394/

โ™ฆ Global Solar Control Window Films Market https://www.maximizemarketresearch.com/market-report/global-solar-control-window-films-market/83839/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

๐Œ๐€๐—๐ˆ๐Œ๐ˆ๐™๐„ ๐Œ๐€๐‘๐Š๐„๐“ ๐‘๐„๐’๐„๐€๐‘๐‚๐‡ ๐๐•๐“. ๐‹๐“๐ƒ.
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Market Description - Los Angeles, (United States) - The information made available in the Special Ball Bearing Steel report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,โ€ฆ
10-12-2020 | Industry, Real Estate & Constr โ€ฆ
Is News 24
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionalsโ€ฆ
10-16-2019 | Industry, Real Estate & Constr โ€ฆ
marketstudyreport.com
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni โ€ฆ
A detailed study on โ€˜Structural Steel marketโ€™ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industryโ€™s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors inโ€ฆ
08-13-2019 | Industry, Real Estate & Constr โ€ฆ
marketstudyreport.com
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni โ€ฆ
A detailed study on โ€˜Structural Steel marketโ€™ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industryโ€™s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors inโ€ฆ
08-01-2019 | Industry, Real Estate & Constr โ€ฆ
marketstudyreport.com
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni โ€ฆ
A detailed study on โ€˜Structural Steel marketโ€™ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industryโ€™s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors inโ€ฆ