Structural Steel Market 2020-2025 Size, Current Trends, Health Benefits, Key Players, Regional Overview and Business Growth Opportunity

Posted July 8, 2020 by Thomashinds

The global structural steel market was valued at USD 142.9 billion in 2018 and is expected to grow with a CAGR of 3.5% from 2019 to 2025.

The global structural steel market was valued at USD 142.9 billion in 2018 and is expected to grow with a CAGR of 3.5% from 2019 to 2025. The report covers a detailed analysis and study of the global Structural Steel market for the estimated forecast period. It covers the details of the segments which are being used for the growth of the market. Moreover, increasing focus on analysis has led the users to have an insight on the growth of market. The report covers and focuses on a systematic approach which covers the different strategies which are being covered in the overall market.

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In addition, it also covers the strategies along the major shareholders and stakeholders which is likely to have an impact on the overall market for the estimated forecast period. The report covers detailed analysis of the market for the estimated forecast period. Several strategies are being analyzed for the estimation for the growth of the market. Moreover, increased need for the determination of the strategies of the competitors is covered in the report for the global Structural Steel market. The report analyses and estimates the factors such as the organic and inorganic strategies which are being adopted by the companies to lead to have an impact on the market. Several views of manufacturers, end users and industry experts are being used for the collating the market for the estimated forecast period.
Key market players include Arcelor Mittal S.A., Baosteel Group Corporation, Anshan Iron & Steel Group Corporation, Benxi Beiying Iron & Steel Group Co. Ltd., Baogang Group, Bohai Steel Group Co. Ltd, Gerdau S.A, Hebei Steel Group, Nippon Steel & Sumitomo Metal Corporation (NSSMC), JSW Steel Limited, Tata Steel Limited, Anyang Iron & Steel Group Co. Ltd, Hunan Valin Iron & Steel Group Co., Ltd, Hyundai Steel Co., Ltd. (HSC), and POSCO.
Despite the continuing global economic recession of 2019-20, the U.S. accounted as a strong regional market for structural steel goods. The U.S. building industry is the second-largest in the world after China and is expected to have seen a favorable growth rate over the projected period.
Rapid urbanization, combined with significant infrastructure projects for sporting activities such as the FIFA World Cup 2022, is expected to fuel demand for structural steel in the Middle East region in the coming years. According to the official FIFA website, the roof of the Al Rayyan Stadium is backed by 48 steel columns. Each column has a weight of almost 140 metric tons, creating a significant demand for structural steel components.

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The report also throws light on various aspects of the global Structural Steel industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the Structural Steel industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The Asia-Pacific region is projected to experience the highest growth throughout the forecast period. On the contrary, the North American region dominated the overall market in 2019 and it is expected to maintain its position throughout the forecast period 2018-2025. The dominance of this region is mainly attributed to the stringent regulations and increasing government initiatives to counter cyber-attacks.

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Segment Overview of Global Structural Steel market
Application Overview, 2015-2025 (USD Million)
Regional Overview, 2015-2025 (USD Million)
North America
United Kingdom
Rest of Europe
Asia Pacific
Rest of Asia Pacific
Latin America
Rest of Latin America
Middle East & Africa

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About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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Issued By Ryan Johnson
Phone +91 9665341414
Business Address 3131 McKinney Ave Ste 600, Dallas, TX75204, U.S.A.
Country United States
Categories Advertising , Business
Tags Structural Steel Market 2025 , Structural Steel Market Demand , Structural Steel Market 2020
Last Updated July 8, 2020