Structural Steel Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2024 January 30
SKU : MM3841
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FAQ’s
What are the major drivers of the structural steel market growth?
The global structural steel market is driven by rising infrastructure development, growing population and increasing demand for green buildings. Government initiatives to improve housing conditions and investments in smart city projects further contribute to market expansion.
How does the type of structural steel impact its application?
Heavy structural steel, with its high strength and durability, is ideal for large-scale projects like bridges, highways, and industrial structures. Hot rolled long products, like I-beams and H-beams, offer versatility for various construction needs.
Which region is expected to lead the structural steel market in the coming years?
Asia-Pacific, with its booming economies like China and India, is projected to dominate the market due to significant investments in residential, commercial, and infrastructure sectors. The rising demand for high-quality construction and skyscrapers further fuels regional growth.
Who are the major players in the global structural steel market?
ArcelorMittal, Baoshan Iron & Steel Group, Nippon Steel, JSW Steel, and POSCO are some of the leading players in the global market. Companies are focusing on acquisitions, capacity expansions, and product innovations to strengthen their presence and cater to the growing demand.
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