Global Structural Steel Market Growth 2023-2029

Global Structural Steel Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Structural Steel Industry Forecast” looks at past sales and reviews total world Structural Steel sales in 2022, providing a comprehensive analysis by region and market sector of projected Structural Steel sales for 2023 through 2029. With Structural Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Structural Steel industry.

This Insight Report provides a comprehensive analysis of the global Structural Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Structural Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Structural Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Structural Steel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Structural Steel.

The global Structural Steel market size is projected to grow from US$ 72150 million in 2022 to US$ 97920 million in 2029; it is expected to grow at a CAGR of 97920 from 2023 to 2029.

Global Structural Steel key players include Nippon Steel Sumitomo Metal, Baosteel, POSCO, Ansteel, Wuhan Iron and Steel, etc. Global top five manufacturers hold a share over 20%.

China is the largest market, with a share over 45%, followed by Japan & South Korea and Europe, both have a share over 20%.

In terms of product, Angle (L-Shape) is the largest segment, with a share over 30%. And in terms of application, the largest application is Construction, followed by Non-Building, etc.

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.

Market Segmentation:

Segmentation by type

I-Beam

Angle (L-Shape)

Hollow Structural Section (HSS) Shape

Z-Shape

T-Shaped

Segmentation by application

Construction

Transportation

Machinery

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Structural Steel market?

What factors are driving Structural Steel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Structural Steel market opportunities vary by end market size?

How does Structural Steel break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.