Structural Steel Market
Structural Steel Market Analysis by Carbon-manganese Steel, Heat Treated Carbon Steel, and Heat Treated Alloy Steel for Non-Residential and Residential Use from 2023 to 2033
Analysis of Structural Steel Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Structural Steel Market Outlook (2023 to 2033)
The global structural steel market is anticipated to expand at a CAGR of 4.8% from 2023 to 2033, reaching a valuation of US$ 166 billion by the end of 2033. Further, the valuation of the global structural steel market is US$ 103.8 billion in 2023.
Structural steel refers to some specialized category of steel, which is developed especially for applications in the construction industry. In addition, it is also used for the production of highly durable products with high strength. They are produced in specialized shapes and structures for handling high pressure and stress and also provide low ductility.
Some specialized chemical and mechanical properties are used for the production of structural steel. The rising expenditure in the construction industry around the world acts as a noticeable factor to drive market growth.
The increasing adoption of structural steel is due to its numerous advantages. Uniformity, elasticity, lightweight, ductility, ease of fabrication, toughness, recyclability, and high strength are contributing to the rising adoption of structural steel. In addition, surging non-residential and residential construction activities are also accelerating the demand for structural steel.
The high use of structural steel in the construction industry along with the increasing demand for flat products such as cold and hot rolled coil as well as stainless steel in the manufacturing sector can further influence market opportunities. Moreover, the growing consumer awareness, rising construction of high-rise buildings, and rapid urbanization and industrialization are expected to propel the demand for structural steel.
New product launches, technological advancements, and mergers & acquisitions to improve production efficiency are estimated to generate more opportunities for market players.
For instance :
- In December 2019, Nippon Steel and ArcelorMittal jointly acquired Essar Steel India Ltd., to exploit the long-term structural steel market in India. Essar Steel is a producer of different steel products, including line pipes and structural steel plates.
However, a lack of awareness about the advantages of structural steel in the construction industry can obstruct market growth. In addition, the lack of technical expertise is also anticipated to create challenges in the adoption of structural steel.
The recently published research report by Fact.MR, a provider of market research and competitive intelligence, provides a detailed analysis of the target market. Value chain optimization, production analysis, market share, trade regulations, import-export analysis, new developments, and the impact of localized and domestic market players are included in this report.
| Report Attributes | Details |
|---|---|
| Structural Steel Market Size in 2023 | US$ 103.8 Billion |
| Anticipated Market Value (2033) | US$ 166 Billion |
| Forecasted Market Growth Rate (2023 to 2033) | 4.8% CAGR |
| Canada Market Growth Rate (2023 to 2033) | 4% CAGR |
| Germany Market Growth Rate (2023 to 2033) | 3.2% CAGR |
| Key Companies Profiled | Anshan Iron & Steel Group Corporation; JSW Steel Limited; Hyundai Steel Co., Ltd. (HSC); Hebei Steel Group; Gerdau S.A.; Evraz Group; Baosteel Group Corporation; Bohai Steel Group Co. Ltd. |
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Which Factors are Driving Sales of Structural Steel across Geographies?
“Growing Popularity of Structural Steel as Green Construction Material”
Structural steel is becoming popular as a noticeable material for green construction owing to its characteristic of recyclability. Thus, the increasing number of green buildings around the world is estimated to boost the demand for structural steel over the coming years.
- As per data provided by the World Green Building Council, buildings, which are certified by LEED (Leadership in Energy and Environmental Design) use 25% less energy and 11% less water in the United States.
Green buildings help reduce the harmful effects of construction on the environment. As such, construction companies are concentrating on utilizing structural steel to achieve sustainability.
“Increasing Demand for High-Quality Construction Material”
Various non-residential and residential buildings, including institutions, offices, and commercial buildings are pushing the demand for high-quality construction materials upward. This factor further propels sales of structural steel. In the construction industry, for the construction of large structures, including canals, bridges, factories, and warehouses, structural steel is a prominent material used.
Structural steel is utilized for the creation of steel frames, bars, columns, and beams, which are used for the construction of large structures. Thus, the rising use of structural steel in the construction industry is expected to contribute to industry trends.
“Government Initiatives Improving Housing Situation”
Governments of various countries are taking initiatives to improve housing situations, which is expected to create opportunities for manufacturers operating in the target industry. Structural steel has various applications in the construction industry. Moreover, advancements in technologies and growing infrastructure are predicted to boost sales of structural steel.
“Rising Use of Structural Steel in Transportation Sector”
Structural steel is used significantly in the transportation industry to construct trains, trucks, ships, and railways due to its ductility, tensile strength, and corrosion resistance. It can be recycled in the near future and is affordable. Thus, based on these features, demand for structural steel is expected to increase in the transportation industry.
Which Factor is Largely Restraining the Sales of Structural Steel?
“Lack of Awareness and Technical Expertise in Structural Steel”
There is limited or no awareness of the advantages of structural steel around the world. This limited knowledge can result in a lack of expertise in the target industry thus limiting the adoption of structural steel.
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Which Region Should Structural Steel Manufacturers Target?
“Technological Advancements in Construction Industry in Asia Pacific”
Asia Pacific is projected to hold the largest share of global revenue throughout the forecast period. The market is driven primarily due to rapid industrial growth along with technological advancements in the construction industry. In addition, increased spending on construction activities can also fuel the demand for structural steel in Asia Pacific.
China is emerging as the most profitable market in the region owing to rapid GDP (gross domestic product) growth, which can stimulate the demand for various construction activities. Further, the exponential growth of the housing and residential sector in Asia Pacific is also generating higher demand for structural steel.
Country-wise Insights
Why is Demand for Structural Steel Increasing in Japan?
“Rising Housing Construction Activities”
Sales of structural steel in Japan are projected to advance at a CAGR of 2.5% from 2023 to 2033. The increasing housing construction activities in Japan are projected to stimulate the demand for structural steel, and thus generate lucrative opportunities for market players.
Which Factor is Boosting the Sales of Structural Steel in the United States?
“Increasing Number of Residential Housing Units in the Country”
The United States market had been valued at US$ 27.1 billion in 2022. Growing utilization of structural steel in different industries, including construction, oil & gas, shipbuilding, energy, etc. can stimulate its sales in the United States market. Further, increasing number of residential housing units is also predicted to stimulate the demand for structural steel in the construction industry.
Sales of structural steel in Canada are anticipated to progress at a steady CAGR of 4% through 2033.
What’s Generating Higher Demand for Structural Steel in Germany?
“Growing Activities of Reconstruction and Renovations Fueling Demand for Structural Steel”
Demand for structural steel in Germany is forecasted to expand at a CAGR of 3.2% from 2023 to 2033. The rising reconstruction and renovation activities in Germany are estimated to stimulate the demand for structural steel in the construction industry over the forecast period.
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Category-wise Insights
Which Type of Structural Steel is Gaining Traction Globally?
“High Strength, Low Alloy Steel Becoming Popular around the World”
Based on type, the market is divided into carbon-manganese steel, heat-treated carbon steel, HSLA (high strength, low alloy steel), and heat-treated alloy steel. Among these, the HSLA segment is predicted to grow at a substantial rate over the forecast period.
Which End Use of Structural Steel is Most Rewarding for Industry Players?
“Increasing Demand for Structural Steel in Non-residential Sector”
Non-residential and residential are the two prominent end-use segments of structural steel around the world. The non-residential segment held more than 52% of the total revenue share in 2022. This segment is further divided into offices, industrial, institutional, and commercial sub-categories.
Increasing investments in healthcare facilities, data centers, big-box retail stores, airports, manufacturing facilities, and stadiums are expected to generate demand for structural steel. Structural steel is significantly used in industrial buildings owing to its extreme strength, which is beneficial for structural integrity as well as subsiding the potential impact of repairs.
Structural steel is ideal for the construction of large bridges. This is because of its excellent strength-to-weight ratio and high durability, which can withstand the weight of pedestrians and cars.
The residential application segment is estimated to advance at a CAGR of 5.1% through 2033. Structural steel is used widely in residential and housing buildings due to its high strength and lightweight characteristics, which can reduce sub-structure costs and minimize the load on the foundation.
Owing to excellent adaptability and flexibility in modular construction, structural steel can be easily moved and dismantled, thus helping in maintaining the asset value of the buildings. Moreover, it also ensures environmental benefits as it can be recycled with no degradation.
Competitive Landscape
Leading companies supplying structural steel are spending on strengthening their supply chain management systems to expand their footprints across the globe. Further, they are involved in technological advancements to produce more effective and quality products. Minimal environmental impact during the manufacturing of structural steel is also ensured by them.
Key manufacturers of structural steel are investing in new developments and upgrading their existing production systems.
For instance :
- In July 2021, ArcelorMittal announced an upgrade to its existing plant in Spain with a zero-carbon emission facility. This facility is predicted to manufacture around 1.5 tons of zero-carbon-emission steel on an annual basis by the end of 2025.
- On November 12, 2019, POSCO launched its premium brand INNOVILT. It aims to produce steel products for different construction industries. INNOVILT focuses on various architectural services, including houses, commercial buildings, and infrastructure like bridges and roads.
Key manufacturers of structural steel are Anshan Iron & Steel Group Corporation, JSW Steel Limited, Hyundai Steel Co., Ltd. (HSC), Hebei Steel Group, Gerdau S.A., Evraz Group, Baosteel Group Corporation, and Bohai Steel Group Co. Ltd.
Segmentation of Structural Steel Industry Research
-
By Type :
- Carbon-manganese Steel
- HSLA (High Strength, Low Alloy Steel)
- Heat Treated Carbon Steel
- Heat Treated Alloy Steel
-
By Application :
- Non-residential
- Residential
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Type
- 9.1 Carbon-manganese Steel
- 9.2 HSLA (High Strength, Low Alloy Steel)
- 9.3 Heat Treated Carbon Steel
- 9.4 Heat Treated Alloy Steel
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 10.1 Non-residential
- 10.2 Residential
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1 North America
- 11.2 Latin America
- 11.3 Europe
- 11.4 East Asia
- 11.5 South Asia
- 11.6 Oceania
- 11.7 Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1 Anshan Iron & Steel Group Corporation
- 21.2 JSW Steel Limited
- 21.3 Hyundai Steel Co., Ltd. (HSC)
- 21.4 Hebei Steel Group
- 21.5 Gerdau S.A.
- 21.6 Evraz Group
- 21.7 Baosteel Group Corporation
- 21.8 Bohai Steel Group Co. Ltd.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Type, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Type, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Type, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Type, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Type, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Type, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Type, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Type, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Type, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Type, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Type, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Type, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Type, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Type, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Type, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Type, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Type, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Type, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Type, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Type, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Type, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Type, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Type, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Type, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Type, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Type, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Type, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
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- FAQs -
What is the current value of the structural steel market?
The valuation of the structural steel market stands at 103.8 billion in 2023.
At what rate is the structural steel market predicted to expand?
The global structural steel market is forecasted to expand at a CAGR of 4.8% through 2033.
What is the estimated market value for structural steel by 2033?
The market for structural steel is projected to reach US$ 166 billion by the end of 2033.
What is the outlook for the Canadian market over the forecast period?
The structural steel market in Canada is set to advance at a CAGR of 4% through 2033.
Which application of structural steel accounted for a substantial revenue share in 2022?
Use of structural steel in the non-residential sector held more than 52% market share in 2022.
Structural Steel Market