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Structural Steel Market to Worth USD 298 Billion by 2027, Growing at a CAGR of 6.4% – Arizton – PR Newswire UK

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CHICAGO, Nov. 21, 2022 /PRNewswire/ — According to Arizton’s latest research report, the structural steel market is expected to grow at a CAGR of 6.41% from 2022-2027 and is expected to reach USD 298.12 billion by 2027 from USD 205.36 billion in 2021. There is a huge development in the global structural steel market due to the rise in the demand for infrastructure facilities, industrial sheds, commercial establishments, and residential housing. Structural steel is generally manufactured from coal and iron ore derived from mines. These mines are operated by various mining companies and major steel manufacturers but are controlled by local governments. Steel manufacturers invest large amounts in the R&D of a wide range of steel products.

Various end-users of steel also invest in product development. Therefore, end-users are pushing the demand specifications of steel products in the market. Automotive, aerospace and construction industries change in terms of production processes. However, the automotive industry invests in the development of vehicles with improved fuel economy. Manufacturers use high-strength steel to reduce the weight of vehicles. Similarly, steel structures offer large space compared to RCC construction, and the use of structural steel in high-rise buildings offers better load-carrying capacity. Hence, structural steel manufacturers are associated with various construction projects, such as Emirates Steel. End-users and steel manufacturers form partnerships to satisfy the needs and demands of the end-users.
Structural Steel Market Report Scope 
Report Attributes 
Details  
Market Size (2027) 
USD 298 Billion
Market Size (2021) 
USD 205 Billion 
CAGR (2022-2027) 
6.4 %
Base Year 
2021
Forecast Year 
2022-2027 
Market Segments 
Application, Type, and Geography
Geographic Analysis  
North America, Europe, APAC, Latin America, and Middle East & Africa
Leading Countries 
US, Canada, Russia, Germany, Itay, France, Spain, UK, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, UAE, Saudi Arabia, South Africa, Rest of MEA, Brazil, Mexico, and Rest of Latin America
Largest Market 
APAC
Company Profiles
ArcelorMittal, Nippon Steel Corporation, Shougang, TATA Steel, Hyundai Steel, Anyang Iron & Steel Group Co., Ltd., British Steel, China Ansteel Group Corporation Limited, Emirates Steel, Evraz PLC, Gerdau S/A, HBIS Group Co., Ltd, JSW Steel, Nucor, POSCO, SSAB, Steel Authority of India Limited (SAIL), Tangshan Jun Nan Trade Company Limited, and Voestalpine AG
Page Number 
223
Customization Request 
If our report does not include the information you are searching for, you may contact us to have a report tailored to your specific business needs: https://www.arizton.com/customize-report/3552
Market Dynamics 
Rapid industrialization in emerging economies and growing market of light gauge steel framing
 
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download the Free Sample Report
Key Insights:
Market Segmentation
Type
Application
Geography
The structural steel market is highly fragmented as there are many manufacturers across major markets. Many small companies have a significant share that poses substantial competition to prominent companies in the global structural steel market. There is a growth in the infrastructure and industrial sectors due to increased population FDIs. This is expected to boost investment in R&D across steel industry, which will fuel the competition among players. Also, adoption of digitalization enhancing the production processes and ability to deliver products to fulfill customer demand. Also, manufacturers must introduce new or improved structural steel products from time to time and adapt to constantly changing market trends to survive in the intensely competitive environment.
Company Profiled in the Report
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request for free sample report
Table of Content 
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 PREMIUM INSIGHTS
6.1 INTRODUCTION
6.1 MARKET SYNOPSIS
6.1.1 ENABLERS
6.1.2 OPPORTUNITIES
6.1.3 CHALLENGES
6.2 SEGMENT REVIEW
6.2.1 APPLICATION
6.2.2 TYPE
6.3 GEOGRAPHY
6.4 COMPANIES & STRATEGIES
7 MARKET AT A GLANCE
8 INTRODUCTION
8.1 OVERVIEW
9 MARKET OPPORTUNITIES & TRENDS
9.1 INNOVATION & TECHNOLOGICAL ADVANCES IN STEEL INDUSTRY
9.2 RESIDENTIAL & INFRASTRUCTURE DEVELOPMENT
9.3 DEMAND FOR SUSTAINABLE CONSTRUCTION MATERIALS
10 MARKET GROWTH ENABLERS
10.1 RAPID INDUSTRIALIZATION OF EMERGING ECONOMIES
10.2 GROWTH OF LIGHT GAUGE STEEL FRAMING MARKET
11 MARKET RESTRAINTS
11.1 EXPENSIVE MAINTENANCE
11.2 FLUCTUATIONS IN RAW MATERIAL PRICES
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
12.4 VALUE CHAIN ANALYSIS
12.4.1 RAW MATERIAL SUPPLIERS
12.4.2 MANUFACTURERS
12.4.3 DISTRIBUTORS
12.4.4 END-USERS
12.5 MACRO ECONOMIC FACTORS
13 APPLICATION
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 INFRASTRUCTURE
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY GEOGRAPHY
13.4 INDUSTRIAL
13.5 COMMERCIAL
13.6 RESIDENTIAL
14 TYPE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 HOT-ROLLED STEEL
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4 COLD-ROLLED STEEL
15 GEOGRAPHY
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 GEOGRAPHIC OVERVIEW
16 APAC
16.1 MARKET OVERVIEW
16.2 MARKET SIZE & FORECAST
16.5 KEY COUNTRIES
16.6 CHINA
16.6.1 MARKET SIZE & FORECAST
16.7 INDIA
16.7.1 MARKET SIZE & FORECAST
16.9 JAPAN
16.9.1 MARKET SIZE & FORECAST
16.10 SOUTH KOREA
16.10.1 MARKET SIZE & FORECAST
16.11 REST OF APAC
16.11.1 MARKET SIZE & FORECAST
17 NORTH AMERICA
17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.5 KEY COUNTRIES
17.6 US
17.6.1 MARKET SIZE & FORECAST
17.7 CANADA
17.7.1 MARKET SIZE & FORECAST
18 EUROPE
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.5 KEY COUNTRIES
18.6 RUSSIA
18.6.1 MARKET SIZE & FORECAST
18.7 GERMANY
18.7.1 MARKET SIZE & FORECAST
18.8 ITALY
18.8.1 MARKET SIZE & FORECAST
18.9 FRANCE
18.9.1 MARKET SIZE & FORECAST
18.10 SPAIN
18.10.1 MARKET SIZE & FORECAST
18.12 UK
18.12.1 MARKET SIZE & FORECAST
18.13 REST OF EUROPE
18.13.1 MARKET SIZE & FORECAST
19 LATIN AMERICA
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.5 KEY COUNTRIES
19.6 BRAZIL
19.6.1 MARKET SIZE & FORECAST
19.7 MEXICO
19.7.1 MARKET SIZE & FORECAST
19.8 REST OF LATIN AMERICA
19.8.1 MARKET SIZE & FORECAST
20 MIDDLE EAST & AFRICA
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.5 KEY COUNTRIES
20.6 SAUDI ARABIA
20.6.1 MARKET SIZE & FORECAST
20.7 UAE
20.7.1 MARKET SIZE & FORECAST
20.8 SOUTH AFRICA
20.8.1 MARKET SIZE & FORECAST
20.9 REST OF MEA
20.9.1 MARKET SIZE & FORECAST
21 COMPETITIVE LANDSCAPE
21.1 COMPETITION OVERVIEW
22 KEY COMPANY PROFILES
22.1 ARCELORMITTAL
22.1.1 BUSINESS OVERVIEW
22.1.2 FINANCIAL OVERVIEW
22.1.3 PRODUCT OFFERINGS
22.1.4 KEY STRATEGIES
22.1.5 KEY STRENGTHS
22.1.6 KEY OPPORTUNITIES
22.2 NIPPON STEEL CORPORATION
22.3 SHOUGANG
22.4 TATA STEEL
22.5 HYUNDAI STEEL
23 OTHER PROMINENT VENDORS
23.1 ANYANG IRON & STEEL GROUP CO., LTD.
23.1.1 COMPANY OVERVIEW
23.1.2 PRODUCT OFFERINGS
23.2 BRITISH STEEL
23.3 CHINA ANSTEEL GROUP CORPORATION LIMITED
23.4 EMIRATES STEEL
23.5 EVRAZ PLC
23.6 GERDAU S/A
23.7 HBIS GROUP CO., LTD
23.8 JSW STEEL
23.9 NUCOR
23.10 POSCO
23.11 SSAB AB
23.12 STEEL AUTHORITY OF INDIA LIMITED
23.13 TANGSHAN JUN NAN COMPANY LIMITED
23.14 VOESTALPINE AG
24 REPORT SUMMARY
24.1 KEY TAKEAWAYS
24.2 STRATEGIC RECOMMENDATIONS
25 QUANTITATIVE SUMMARY
25.1 MARKET BY APPLICATION
25.1.1 INFRASTRUCTURE
25.1.2 INDUSTRIAL
25.1.3 COMMERCIAL
25.1.4 RESIDENTIAL
25.2 MARKET BY TYPE
25.2.1 HOT-ROLLED STEEL
25.2.2 COLD-ROLLED STEEL
26 APPENDIX
26.1 ABBREVIATIONS
Click Here to Download the Free Sample Report
Check out more related studies published by Arizton: 
Raised Access Flooring Market – Global Outlook and Forecast 2020-2025: The global raised access flooring market size to cross USD 900 million by 2025, growing at a CAGR of over 2% during the forecast period. The raised access floor technology is finding increasing application in data centers across the world. The increasing internet penetration in countries such as the US and Canada is growing. This rate is likely to increase further as the adoption of smartphones and handheld connected devices is increasing, thereby increasing data consumption. The data growth is also attributed to technological advancements in the past decade, such as cloud computing, big data, and the internet of things (IoT). Hence, the increased data consumption is leading to development data centers, which, in turn, increase the demand for raised access floors.
U.S. Wall Repair Products Market – Industry Outlook & Forecast 2022-2027: The U.S. wall repair products market is expected to reach USD 12 billion by 2027 from USD 9.3 billion in 2022, growing at a CAGR of 4.7% during the forecast period. The demand for DIY wall repair for home modifications projects is growing, such as patching big or small wall holes, repairing damp walls, and many more in the U.S. due to better living standards of the middle-class population seeking improved home spaces boosting the wall repair products in the U.S.
Touchless Door Activation Market – Global Outlook & Forecast 2022-2027: The global touchless door activation market was valued at USD 3.5 billion in 2021 and is expected to reach USD 5.3 billion by 2027. The demand for touchless activation doors in the commercial and industrial segment is currently being driven by prospects of new installations in the healthcare industry, hospitality industry, and corporate offices. The hospitality industry is poised to witness several new hotel constructions in the coming years. The commercial segment mainly includes shopping malls, retail stores, hospitals, corporate offices, hotels, restaurants, and public and industrial buildings.
Prefabricated Building Market in Europe – Industry Outlook and Forecast 2021-2026: The Europe prefabricated building market size was valued at USD 24 billion in 2020 and is likely to reach USD 32 billion in 2026. The prefabricated building market in Europe by cellular systems accounted for over 24% share in 2020. The increasing demand for complete and finished turnkey solutions in Europe is the primary factor responsible for cellular systems’ growth. The growing number of prefabricated constructions expects to boost the demand during the forecast period. Cellular systems play a vital role in the development of multidimensional structures. In addition, they are also regularly used for building cells, which provide isolation.
Browse for More AriztonConsumer Goods Retail Tech” Research Reports 
About Us:    
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.   
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.   
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.     
Click Here to Contact Us    
Call: +1-312-235-2040   
          +1 302 469 0707   
Mail: enquiry@arizton.com 
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SOURCE Arizton Advisory & Intelligence
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