The global rectangular hollow section steel market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The growth of this market is driven by the increasing demand for construction and engineering applications in developing economies such as India and China, which are witnessing rapid urbanization and industrialization.
The global rectangular hollow section steel market has been segmented on the basis of type, application, and region. On the basis of type, it has been classified into welded RHS and seamless RHS; on the basis of application it has been classified into construction and engineering; on the basis of region it has been classified into North America, Latin America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA).
Some Of The Growth Factors Of This Market:
- The demand for steel is expected to grow at a rate of 2.5% per year, which will lead to an increase in the demand for rectangular hollow section steel.
- The increasing population and urbanization rates are leading to increased construction activity, which will also lead to an increase in the demand for rectangular hollow section steel.
- The need for more durable buildings due to natural disasters such as earthquakes and hurricanes is also leading to increased construction activity, which will lead to an increase in the demand for rectangular hollow section steel.
- Increasing industrialization rates are leading companies from developing countries such as China and India, who have been traditionally importing their needs of raw materials from other countries, into becoming more self-sufficient by producing their own raw materials domestically through mining activities.
- Increasing environmental awareness has led many governments around the world into imposing stricter regulations on emissions that have led many industries into switching over from coal power plants towards cleaner sources of energy such as solar power.
Industry Growth Insights published a new data on “Rectangular Hollow Section Steel Market”. The research report is titled “Rectangular Hollow Section Steel Market research by Types (Welded RHS, Seamless RHS), By Applications (Construction, Engineering, Other), By Players/Companies Yuantai Derun Group, Youfa Steel Pipe Group, Zhengda Steel Pipe, Zekelman Industries, Nippon Steel, APL Apollo, Nucor Corporation, Arcelormittal, JFE Steel Corporation, Vallourec, Severstal, SSAB, Tata Steel”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rectangular Hollow Section Steel Market Research Report
By Type
Welded RHS, Seamless RHS
By Application
Construction, Engineering, Other
By Companies
Yuantai Derun Group, Youfa Steel Pipe Group, Zhengda Steel Pipe, Zekelman Industries, Nippon Steel, APL Apollo, Nucor Corporation, Arcelormittal, JFE Steel Corporation, Vallourec, Severstal, SSAB, Tata Steel
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Rectangular Hollow Section Steel Market Report Segments:
The global Rectangular Hollow Section Steel market is segmented on the basis of:
Types
Welded RHS, Seamless RHS
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, Engineering, Other
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:
- Yuantai Derun Group
- Youfa Steel Pipe Group
- Zhengda Steel Pipe
- Zekelman Industries
- Nippon Steel
- APL Apollo
- Nucor Corporation
- Arcelormittal
- JFE Steel Corporation
- Vallourec
- Severstal
- SSAB
- Tata Steel
Highlights of The Rectangular Hollow Section 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:
- Welded RHS
- Seamless RHS
- By Application:
- Construction
- Engineering
- Other
- 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 Rectangular Hollow Section 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.
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- Correctly Positioning New Products
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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?
Rectangular hollow section steel is a type of steel that has been specifically designed to be used in the construction of walls and other structural members. This type of steel is characterized by its ability to resist corrosion and wear, making it a popular choice for use in areas where exposure to moisture or other environmental factors is likely.
Some of the major companies in the rectangular hollow section steel market are Yuantai Derun Group, Youfa Steel Pipe Group, Zhengda Steel Pipe, Zekelman Industries, Nippon Steel, APL Apollo, Nucor Corporation, Arcelormittal, JFE Steel Corporation, Vallourec, Severstal, SSAB, Tata Steel.
The rectangular hollow section steel market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rectangular Hollow Section Steel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rectangular Hollow Section Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rectangular Hollow Section Steel Market - Supply Chain
4.5. Global Rectangular Hollow Section Steel Market Forecast
4.5.1. Rectangular Hollow Section Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rectangular Hollow Section Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rectangular Hollow Section Steel Market Absolute $ Opportunity
5. Global Rectangular Hollow Section Steel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rectangular Hollow Section Steel Market Size and Volume Forecast by Type
5.3.1. Welded RHS
5.3.2. Seamless RHS
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rectangular Hollow Section Steel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rectangular Hollow Section Steel Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Engineering
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rectangular Hollow Section Steel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rectangular Hollow Section Steel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rectangular Hollow Section Steel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rectangular Hollow Section Steel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rectangular Hollow Section Steel Demand Share Forecast, 2019-2026
9. North America Rectangular Hollow Section Steel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rectangular Hollow Section Steel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rectangular Hollow Section Steel Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Engineering
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rectangular Hollow Section Steel Market Size and Volume Forecast by Type
9.7.1. Welded RHS
9.7.2. Seamless RHS
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rectangular Hollow Section Steel Demand Share Forecast, 2019-2026
10. Latin America Rectangular Hollow Section Steel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rectangular Hollow Section Steel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rectangular Hollow Section Steel Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Engineering
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rectangular Hollow Section Steel Market Size and Volume Forecast by Type
10.7.1. Welded RHS
10.7.2. Seamless RHS
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rectangular Hollow Section Steel Demand Share Forecast, 2019-2026
11. Europe Rectangular Hollow Section Steel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rectangular Hollow Section Steel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rectangular Hollow Section Steel Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Engineering
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rectangular Hollow Section Steel Market Size and Volume Forecast by Type
11.7.1. Welded RHS
11.7.2. Seamless RHS
11.8. Basis Point Share (BPS) Anaysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rectangular Hollow Section Steel Demand Share, 2019-2026
12. Asia Pacific Rectangular Hollow Section Steel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rectangular Hollow Section Steel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rectangular Hollow Section Steel Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Engineering
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rectangular Hollow Section Steel Market Size and Volume Forecast by Type
12.7.1. Welded RHS
12.7.2. Seamless RHS
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rectangular Hollow Section Steel Demand Share, 2019-2026
13. Middle East & Africa Rectangular Hollow Section Steel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rectangular Hollow Section Steel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rectangular Hollow Section Steel Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Engineering
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rectangular Hollow Section Steel Market Size and Volume Forecast by Type
13.7.1. Welded RHS
13.7.2. Seamless RHS
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rectangular Hollow Section Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rectangular Hollow Section Steel Market: Market Share Analysis
14.2. Rectangular Hollow Section Steel Distributors and Customers
14.3. Rectangular Hollow Section Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Yuantai Derun Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Youfa Steel Pipe Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zhengda Steel Pipe
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zekelman Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nippon Steel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. APL Apollo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nucor Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Arcelormittal
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. JFE Steel Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vallourec
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Severstal
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SSAB
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tata Steel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
