Structural Steel Market | Covid-19 Impact Analysis

Structural Steel Market Insights

Structural steel market is likely to witness an impressive CAGR of 7.1% during the forecast period. The prime factor that is contributing to the demand for structural steel is the growing construction industry.

Market Share Analysis

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Structural Steel Market Share: By Product Type

Based on the product type, the market is segmented as heavy structural steel, light structural steel, and rebars. The heavy structural steel segment is expected to maintain its commanding position over the forecast period, driven by the increasing infrastructural spending across the globe.

Structural Steel Market Share: By Application Type

Based on the application type, the market is segmented as residential, non-residential, and industrial. The residential segment is estimated to grow with the highest CAGR over the forecast period owing to rapid urbanization, especially in developing nations.

Structural Steel Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest market for structural steel during the forecast period. The region’s market growth is attributed to the rapid residential, non-residential and infrastructural developments in the emerging economies, such as India and China. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

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Some of the major players in the structural steel market are- 

• ArcelorMittal S.A.
• Shagang Group Company Limited
• Hesteel Group Company Limited
• Nippon Steel & Sumitomo Metal Corporation
• POSCO
• VISA Steel
• Steel Authority of India Limited
• Anyang Iron & Steel Group Co., Ltd.
• China BaoWu Steel Group Corporation Limited.

Market Scope & Segmentation

Structural steel is a category of steel construction material that is produced with a particular shape or cross section, and some specified values of chemical composition and strength. The composition of structural steel, strength, size, shape, and storage are controlled in most advanced countries.

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The structural steel market is segmented into the following categories. 

Structural Steel Market Size, Share, & Forecast, by Product Type:

• Heavy Structural Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Light Structural Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Rebars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Structural Steel Market Size, Share, & Forecast, by Application Type:

• Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Non-Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Structural Steel Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by product type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].