Market Overview:
The global hot rolled structural steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hot rolled structural steel from various end-use industries, such as construction, transportation, and machinery. Additionally, the growing infrastructure development in emerging economies is also contributing to the growth of this market. On the basis of type, carbon structure steel held a major share of the global hot rolled structural steel market in 2017 and is projected to grow at a CAGR of 5.4% during 2018-2030 owing to its low cost.
Product Definition:
Hot Rolled Structural Steel is a type of steel that is used in the construction industry. It is a type of metal that has been heated and then rolled into shape. It is usually used in the construction of buildings and bridges.
Carbon Structure Steel:
Carbon structure steel is a type of hot rolled structural steel that contains carbon in the form of CARBONSTOCK. It has high demand in construction industry owing to its properties such as low yield strength, good weldability and forming characteristics. Carbon structure steel is used for constructing buildings, bridges and other structures using various joining techniques.
Alloy Structure Steel:
Alloy structure steel is a combination of iron and carbon with less than 0.25% carbon content by weight. It has the ability to form hot-rolled steel of good quality and uniform thickness, which makes it suitable for structural applications in buildings, ships or bridges.
Application Insights:
The construction industry accounted for the largest volume share of over 50% in 2017. The growth can be attributed to the development of infrastructure and rising demand for high strength steel products in construction activities, such as buildings, bridges and highways. Hot rolled structural steel is used to make components that are required to withstand extreme environmental conditions, including snow load and earthquakes.
The transportation industry accounted for a significant volume share in 2017 owing to increasing automotive production across the globe. Countries such as India and China are producing more vehicles than ever before; this trend is expected to continue over the forecast period thus driving product demand in this application segment. In addition, growing use of heavy machinery & equipment on farms has led farmers worldwide towards purchasing farm equipment with high horsepower requirements which will further propel market growth over the forecast period in terms of revenue%.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, increasing per capita income, changing lifestyle and government policies. China is projected to remain a key player in this industry owing to low labor cost coupled with high demand from various end-use industries such as construction, machinery & equipment manufacturing and transportation sector.
Europe accounted for a significant share of global hot rolled structural steel market due to growing infrastructure activities post BREXIT decision on 23 June 2016 which has boosted the demand for these products across major countries including Germany, France Italy and U.K., among others.
Growth Factors:
- Increasing demand from the construction sector: The global construction industry is expected to grow at a CAGR of 4.5% from 2016 to 2020, driven by increasing urbanization and infrastructure development. This will lead to an increase in demand for hot rolled structural steel products, as they are extensively used in the construction of buildings and other infrastructure projects.
- Growing use of steel in automotive applications: Steel is increasingly being used in automotive applications due to its high strength-to-weight ratio and corrosion resistance properties. This is expected to drive growth for the hot rolled structural steel market over the next few years.
- Rising demand from emerging economies: The Asia Pacific region is currently experiencing high economic growth rates, with countries such as China and India leading the way. This is resulting in increased investment in infrastructure projects, which will lead to an increase in demand for hot rolled structural steel products over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Rolled Structural Steel Market Research Report
By Type
Carbon Structure Steel, Alloy Structure Steel
By Application
Construction Industry, Transportation Industry, Machinery Industry
By Companies
Gerdau, ArcelorMittal, Tata Steel, Nippon Steel Sumitomo Metal, POSCO, ThyssenKrupp, JSW Steel, Essar Steel, TISCO, Gerdau
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Hot Rolled Structural Steel Market Report Segments:
The global Hot Rolled Structural Steel market is segmented on the basis of:
Types
Carbon Structure Steel, Alloy Structure Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction Industry, Transportation Industry, Machinery Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gerdau
- ArcelorMittal
- Tata Steel
- Nippon Steel Sumitomo Metal
- POSCO
- ThyssenKrupp
- JSW Steel
- Essar Steel
- TISCO
- Gerdau
Highlights of The Hot Rolled Structural Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Structure Steel
- Alloy Structure Steel
- By Application:
- Construction Industry
- Transportation Industry
- Machinery Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hot Rolled Structural Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hot rolled structural steel is a type of steel that has been heated to a high temperature and then rolled into thin sheets. This process makes the metal more flexible and less likely to crack or rust.
Some of the major players in the hot rolled structural steel market are Gerdau, ArcelorMittal, Tata Steel, Nippon Steel Sumitomo Metal, POSCO, ThyssenKrupp, JSW Steel, Essar Steel, TISCO, Gerdau.
The hot rolled structural steel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hot Rolled Structural Steel Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Hot Rolled Structural Steel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hot Rolled Structural Steel Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Hot Rolled Structural Steel Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Hot Rolled Structural Steel Market Size & Forecast, 2020-2028 4.5.1 Hot Rolled Structural Steel Market Size and Y-o-Y Growth 4.5.2 Hot Rolled Structural Steel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Carbon Structure Steel
5.2.2 Alloy Structure Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction Industry
6.2.2 Transportation Industry
6.2.3 Machinery Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hot Rolled Structural Steel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hot Rolled Structural Steel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Carbon Structure Steel
9.6.2 Alloy Structure Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction Industry
9.10.2 Transportation Industry
9.10.3 Machinery Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Carbon Structure Steel
10.6.2 Alloy Structure Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction Industry
10.10.2 Transportation Industry
10.10.3 Machinery Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Carbon Structure Steel
11.6.2 Alloy Structure Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction Industry
11.10.2 Transportation Industry
11.10.3 Machinery Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Carbon Structure Steel
12.6.2 Alloy Structure Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction Industry
12.10.2 Transportation Industry
12.10.3 Machinery Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Carbon Structure Steel
13.6.2 Alloy Structure Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction Industry
13.10.2 Transportation Industry
13.10.3 Machinery Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hot Rolled Structural Steel Market: Competitive Dashboard
14.2 Global Hot Rolled Structural Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gerdau
14.3.2 ArcelorMittal
14.3.3 Tata Steel
14.3.4 Nippon Steel Sumitomo Metal
14.3.5 POSCO
14.3.6 ThyssenKrupp
14.3.7 JSW Steel
14.3.8 Essar Steel
14.3.9 TISCO
14.3.10 Gerdau