The global structural steel market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth of the market is attributed to the increasing demand for steel in construction and transportation industries. The construction industry accounted for over 50% of the total demand for structural steel in 2017, and this trend is expected to continue during the forecast period. In addition, there has been an increase in infrastructure development across emerging economies such as India and China which will also drive demand for structural steel during the forecast period.
The global structural steel market by type includes beam, angle (shape), hollow structural section (HSS) shape, and shaped segments. Beam segment accounted for over 50% share of total revenue generated by type segment in 2017 due to its wide application across various industries such as construction industry and machinery industry. Europe accounted for over 40% share of total revenue generated by region segment in 2017 due to its large population base which drives demand from both residential sector as well as industrial sector.
Some Of The Growth Factors Of This Market:
- The global steel industry is experiencing a period of rapid growth, with the demand for steel expected to grow by 2% annually over the next five years.
- The construction sector is one of the largest consumers of steel, accounting for about 40% of total demand in 2015.
- China's construction sector has been growing at an average rate of 10% per year since 2000 and this trend is expected to continue over the next five years, which will lead to increased demand for steel in China and globally as well as higher prices for raw materials such as iron ore and coal that are used in production.
- Steel production capacity has been increasing steadily over the past decade due to rising investment levels from both private companies and governments around the world, which will help meet future demand levels while also keeping prices stable or even decreasing them slightly due to increased competition among producers; however, there are concerns that this trend may not continue if investment levels decrease or if there are any major disruptions in supply chains due to geopolitical events such as trade wars or natural disasters like earthquakes or tsunamis that could lead to shortages in raw materials needed for production (e.g., iron ore).
- Demand from emerging economies such as India and Brazil is also expected to increase significantly over the next five years because these countries have large populations with a high level of economic growth; however, it should be noted that these countries have relatively low per capita income compared with developed economies like Japan and Germany so their consumption rates will be lower than those seen in more developed economies.
Industry Growth Insights published a new data on “Structural Steel Market”. The research report is titled “Structural Steel Market research by Types (I-Beam, Angle (L-Shape), Hollow Structural Section (HSS) Shape, Z-Shape, T-Shaped), By Applications (Construction Industry, Transportation Industry, Machinery Industry, Others), By Players/Companies 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”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Structural Steel Market Research Report
By Type
I-Beam, Angle (L-Shape), Hollow Structural Section (HSS) Shape, Z-Shape, T-Shaped
By Application
Construction Industry, Transportation Industry, Machinery Industry, Others
By Companies
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
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Structural Steel Market Report Segments:
The global Structural Steel market is segmented on the basis of:
Types
I-Beam, Angle (L-Shape), Hollow Structural Section (HSS) Shape, Z-Shape, T-Shaped
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, Others
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 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
Highlights of The 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:
- I-Beam
- Angle (L-Shape)
- Hollow Structural Section (HSS) Shape
- Z-Shape
- T-Shaped
- By Application:
- Construction Industry
- Transportation Industry
- Machinery Industry
- Others
- 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 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.
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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?
Structural steel is a type of metal that is used to build structures. It is made up of small pieces that are welded together to create a strong structure. Structural steel can be used in buildings, bridges, and other large structures.
Some of the major companies in the structural steel market are 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.
The structural 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. Structural 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. Structural Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Structural Steel Market - Supply Chain
4.5. Global Structural Steel Market Forecast
4.5.1. Structural Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Structural Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Structural Steel Market Absolute $ Opportunity
5. Global Structural 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. Structural Steel Market Size and Volume Forecast by Type
5.3.1. I-Beam
5.3.2. Angle (L-Shape)
5.3.3. Hollow Structural Section (HSS) Shape
5.3.4. Z-Shape
5.3.5. T-Shaped
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Structural 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. Structural Steel Market Size and Volume Forecast by Application
6.3.1. Construction Industry
6.3.2. Transportation Industry
6.3.3. Machinery Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Structural 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. Structural 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 Structural 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. Structural 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 Structural Steel Demand Share Forecast, 2019-2026
9. North America Structural 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 Structural 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 Structural Steel Market Size and Volume Forecast by Application
9.4.1. Construction Industry
9.4.2. Transportation Industry
9.4.3. Machinery Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Structural Steel Market Size and Volume Forecast by Type
9.7.1. I-Beam
9.7.2. Angle (L-Shape)
9.7.3. Hollow Structural Section (HSS) Shape
9.7.4. Z-Shape
9.7.5. T-Shaped
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 Structural Steel Demand Share Forecast, 2019-2026
10. Latin America Structural 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 Structural 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 Structural Steel Market Size and Volume Forecast by Application
10.4.1. Construction Industry
10.4.2. Transportation Industry
10.4.3. Machinery Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Structural Steel Market Size and Volume Forecast by Type
10.7.1. I-Beam
10.7.2. Angle (L-Shape)
10.7.3. Hollow Structural Section (HSS) Shape
10.7.4. Z-Shape
10.7.5. T-Shaped
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 Structural Steel Demand Share Forecast, 2019-2026
11. Europe Structural 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 Structural 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 Structural Steel Market Size and Volume Forecast by Application
11.4.1. Construction Industry
11.4.2. Transportation Industry
11.4.3. Machinery Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Structural Steel Market Size and Volume Forecast by Type
11.7.1. I-Beam
11.7.2. Angle (L-Shape)
11.7.3. Hollow Structural Section (HSS) Shape
11.7.4. Z-Shape
11.7.5. T-Shaped
11.8. Basis Point Share (BPS) Analysis 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 Structural Steel Demand Share, 2019-2026
12. Asia Pacific Structural 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 Structural 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 Structural Steel Market Size and Volume Forecast by Application
12.4.1. Construction Industry
12.4.2. Transportation Industry
12.4.3. Machinery Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Structural Steel Market Size and Volume Forecast by Type
12.7.1. I-Beam
12.7.2. Angle (L-Shape)
12.7.3. Hollow Structural Section (HSS) Shape
12.7.4. Z-Shape
12.7.5. T-Shaped
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 Structural Steel Demand Share, 2019-2026
13. Middle East & Africa Structural 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 Structural 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 Structural Steel Market Size and Volume Forecast by Application
13.4.1. Construction Industry
13.4.2. Transportation Industry
13.4.3. Machinery Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Structural Steel Market Size and Volume Forecast by Type
13.7.1. I-Beam
13.7.2. Angle (L-Shape)
13.7.3. Hollow Structural Section (HSS) Shape
13.7.4. Z-Shape
13.7.5. T-Shaped
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 Structural Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Structural Steel Market: Market Share Analysis
14.2. Structural Steel Distributors and Customers
14.3. Structural Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Gerdau S.A
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ArcelorMittal
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tata Steel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nippon Steel Sumitomo Metal
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. POSCO
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ThyssenKrupp
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JSW Steel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Essar Steel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TISCO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Southern Steel Company (SSC)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pomina
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Krakatau Steel
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sahaviriya Steel Industries
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. G Steel PCL
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SAMC
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Capitol Steel
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hyundai Steel
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Nucor Steel
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Baosteel
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Ansteel
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
