Global Structural Steel Market Expected to Grow with a healthy CAGR at 5.3% | Forecast 2020-2027

The global structural steel market is anticipated to witness sustainable growth during the forecast period. The rising demand for eco-friendly & sustainable construction and government support and increase in focus on green buildings fuel the demand of structural steel market across the globe. However, high cost of the raw materials coupled with lack of skilled labor, hinders the growth of the structural steel market.

Key Players

The prominent players in the structural steel market are 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, and many others.

Asia-Pacific region, to see a gradual increase in the structural steel market over the forecast period

Based on region, the global structural steel markethas been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific region dominated the global structural steel market, followed by North America and Europe, primarily due to the high demand for infrastructure projects, which in the process creates demand for green construction materials and services, which in turn fuels up the demand for structural steel market. Asia-Pacific is projected to be the most lucrative region with construction industry investing in prefabricated and pre-engineered building projects. Furthermore, various global manufacturers are investing in the manufacturing sector, which is further expected to boost the demand for structural steel market. China is one of the leading markets in this region. Growing industrialization and increased population, fuel the demand of residential houses.  Hence, the structural steel marketis expected witness a CAGR of 5.3% over the forecast period.

Get Free Sample @

Non-residential segment, to witness maximum growth rate in the overall structural steel market

In terms of application, the infrastructure segment, accounted for the highest contributor to the global structural steel marketin terms of value and volume both in 2017, which is expected to contnue its dominance between 2018 and 2023, which is attributable to the rapid urbanization and increase in construction activities in the industrial and residential projects across the emerging economies such as Asia-Pacific and Middle East & Africa. Counties such as India, China, UAE, and Saudi Arabia are projeted to winess tremendous growth in infrastructural development over the forecast period. The segment is also anticipated to exhibit maximum growth for the next future.

Global Structural Steel Market, 2016-2023 (USD Million)

Structural Steel Market Size To Expand at a Notable CAGR Of 5.3% During 2020 - 2027-Press release image-00

Source: MRFR Analysis

Scope of the Report

This study provides an overview of the global structural steel market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global structural steel market by product, application, and region.
By Product

  • Heavy Sectional Steel
  • Light Sectional Steel
  • Rebar

By Application

  • Residential
  • Non-residential
    • Commercial
    • Institutional
    • Offices
    • Others
  • Infrastructure

By Region

  • North America 
  • Asia-Pacific 
  • Europe
  • Rest of the World  

Browse Complete Report @

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

5 Global Structural Steel Market, By Product

5.1 Introduction

5.2 Heavy Sectional Steel

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast By Region, 2020-2027

5.3 Light Sectional Steel

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast By Region, 2020-2027

5.4 Rebar

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast By Region, 2020-2027

6 Global Structural Steel Market, By Application

6.1 Introduction

6.2 Residential

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast By Region, 2020-2027

6.3 Non-Residential

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast By Region, 2020-2027

6.3.3 Commercial Market Estimates & Forecast, 2020-2027 Market Estimates & Forecast By Region, 2020-2027

6.3.4 Institutional Market Estimates & Forecast, 2020-2027 Market Estimates & Forecast By Region, 2020-2027

6.3.5 Offices Market Estimates & Forecast, 2020-2027 Market Estimates & Forecast By Region, 2020-2027

6.3.6 Others Market Estimates & Forecast, 2020-2027 Market Estimates & Forecast By Region, 2020-2027

6.4 Infrastructure

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast By Region, 2020-2027


About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Related reports:

Facades Market Revenue, Opportunity, Forecast 2020 – 2027

Global Underwater Concrete Market Research Report 2020-2027 By Players, Regions, Types & Applications

Global Terrazzo Flooring Market Forecast to 2027 with Competitive Landscape Analysis and Key Companies Profile

Plasterboard Market 2020 Global Analysis, Research, Review, Applications and Forecast to 2027

New Tools and Technology Development will drive Crane Market in coming years

Bifold Doors 2020 Global Market – Technologies, Applications, Verticals, Strategies & Forecast 2027

Interior Doors Global Market Size, Share, Segments, Technologies, Applications, Verticals, Strategies and Regional Forecast to 2027

Civil Engineering Market Segmentation, Parameters and Prospects 2020 to 2027 Industry Research Report

Leave a Comment

Your email address will not be published. Required fields are marked *