Structural Steel Market Research Report 2019 published By Market Research Future, provides information on Global Structural Steel Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Product (Heavy Sectional Steel, Light Sectional Steel, and Rebar), Application (Residential, Non-Residential (Commercial, Institutional, Offices) and Infrastructure) and Region — Global Forecast till 2023
Market Synopsis: Global Structural Steel Market
The global structural steel market is anticipated to witness sustainable growth in the upcoming years which is attributed to the rise in disposable income coupled with technological advancements in the prefabricated and pre-engineered building projects in the overall construction industry. High demand for infrastructure in emerging economies such as China and India have further expected to generate impressive growth of the structural steel market in the next few years. Increase in focus on innovation in green construction materials is one of the trends in the construction industry, which is expected to fuel the demand for structural steel building designs over the forecast period. These materials are recyclable, environmentally friendly, and also reduces the greenhouse gas emissions.
The demand for structural steel is also gaining traction due to the impressive growth in the real sector especially in the emerging economies such as Asia-Pacific and Latin America.
Hence, the global structural steel market is expected to witness a CAGR of around 5.3% over the forecast period 2018-2023.
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Key Players –
Key players operating in the global structural steel market includes
- ArcelorMittal S.A.
- Hebei Group
- Baosteel Group Co.
- Nippon Steel & Sumitomo Metal Corporation
- POSCO
- Wuhan Group
- Tata Limited
- Anshan Iron & Steel Group Corporation
- Anyang Group Co. Ltd.
- Baogang Group
- Hyundai Steel Co. Ltd.
- Bohai Group
- others
The global structural steel market is highly competitive with many companies, across the globe. The companies adopted various strategies to expand their global presence and increase their foothold in the overal market. Some of the key strategies adopted by the companies include expansions & investments, acquisitions, and securing contracts.
Global Structural Steel Market Segmentation and Regional Analysis
The global structural steel market has been segmented on the basis of product, application, and region. The product segment is classified into heavy sectional steel, light sectional steel, and rebar. On the basis of product, heavy sectional steel accounted the largest share in 2017 and is expected to retain this position till 2023, which is attributed to increase in industrial and infrastructural construction projects coupled with technological advancements in construction industry, which further enhanced the demand for overall structural steel market.
On the basis of application, the market is divided into residential and non-residential segments. The non-residential segment accounted for the largest market share in 2017 which is expected to retain this position till 2023, which is attributed to the expansion of construction activities of commercial, offices, and institutional buildings for which the demand for high-quality construction matetial is also gaining demand in the emerging economies such as China and India.
Geographically, the global structural steel market is segmented on the basis of region into North America, Europe, Asia-Pacific, and Rest of the world (RoW). Asia-Pacific held the largest share in the structural steel market, in 2017, which will retain its position by the end of 2023. The market in this region is majorly driven by rapid industrial growth coupled with technological advancements in construction industry in the region. Increase in construction spending is also fueling up the demand for structural steel market in the region. China emerged as the lucrative country in this region due to the high growth of GDP, which in turn fuel up the demand for construction activities. Exponential growth of residential & housing sector in this region is also propelling the demand for structural steel market.
Intended Audience:
- Raw Material Suppliers
- End Users
- Contractors
- Traders & Distributors
- Regulatory Bodies
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
Continued……….
List of Tables
Table 1 Global Structural Steel Market, by Region, 2018–2023
Table 2 North America: Structural Steel Market, by Country, 2018–2023
Table 3 Europe: Structural Steel Market, by Country, 2018–2023
Table 4 Asia-pacific: Structural Steel Market, by Country, 2018–2023
Table 5 Row: Structural Steel Market, by Country, 2018–2023
Table 6 Global Structural Steel Market, by Product, by Region, 2018–2023
Table 7 North America: Structural Steel Market, by Product, by Country, 2018–2023
Table 8 Europe: Structural Steel Market, by Product, by Country, 2018–2023
Continued…….
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continued……
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