Global Structural Steel Market Growth 2023-2029

Global Structural Steel Market Growth 2023-2029

Product Code:454432

Published Date: Feb 08,2023

Pages: 120

Region: Global

Category: Chemical & Material

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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?