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.
Structural steel has many uses in the modern world, but the application most associated with it is in construction. It is one of the most vital materials used in building, favored for a number of reasons, the main beings it versatility, relatively low production cost, high strength, sustainability and availability. Structural steel is categorized into shapes, each with their own compositional properties that are regulated by standards, which differ between different countries.
Geographically, the production of Asia concentrates in China, Japan, Korea, and India, which totally account for about 81.25% of the Asia production in 2015. China accounted for 64.86% of the production market share during 2015 and is predicted to retain its leadership until the end of 2022. Southeast Asia is the most promising market of structural steel in Asia, among which, Thailand, Philippines, Vietnam, Indonesia takes the leading share.
The market of structural steel is quite concentrated. Tata Steel, Nippon Steel Sumitomo Metal, POSCO, Baosteel, Ansteel, Wuhan Iron and Steel, are the key suppliers in the Asia structural steel market. The five then took up about 30.23% of the Asia production market in 2015.
According to this study, over the next five years the Structural Steel market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 79700 million by 2024, from US$ 59100 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Structural Steel business, shared in Chapter 3.
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.
This study considers the Structural Steel value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
I-Beam
Angle (L-Shape)
Hollow Structural Section (HSS) Shape
Z-Shape
T-Shaped
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Construction Industry
Transportation Industry
Machinery Industry
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Structural Steel consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Structural Steel market by identifying its various subsegments.
Focuses on the key global Structural Steel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Structural Steel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Structural Steel submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Structural Steel . Industry analysis & Market Report on Structural Steel is a syndicated market report, published as Global Structural Steel Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Structural Steel market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.