Structural Steel - Global Strategic Business Report

The global market for Structural Steel was estimated at US$103.6 Billion in 2023 and is projected to reach US$143.0 Billion by 2030, growing at a CAGR of 4.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Structural Steel Market - Key Trends and Drivers Summarized

How Is Structural Steel Supporting Modern Infrastructure?

Structural steel is a vital material in construction and infrastructure development, known for its strength, versatility, and durability. It is widely used in buildings, bridges, industrial facilities, and infrastructure projects, offering load-bearing capacity, design flexibility, and resistance to environmental factors. Structural steel components, such as beams, columns, trusses, and girders, support a wide range of architectural and engineering designs, enabling efficient construction of high-rise buildings, factories, warehouses, and bridges. As urbanization, industrialization, and infrastructure investments grow worldwide, the demand for structural steel has surged, making it a cornerstone of modern construction.

What Are the Key Segments in the Structural Steel Market?

Key product types include hot-rolled, cold-rolled, and long products, with hot-rolled products holding the largest market share due to their extensive use in beams, columns, and other primary structural components. Applications cover residential buildings, commercial buildings, industrial structures, bridges, and infrastructure projects, with industrial structures representing a significant segment driven by the expansion of factories, warehouses, and energy facilities. End-use industries include construction, manufacturing, oil and gas, and transportation, with construction leading the market as structural steel supports skyscrapers, commercial complexes, and infrastructure projects like bridges and roads.

How Is Structural Steel Integrated Across Construction Projects?

In residential and commercial construction, structural steel is used to create frameworks for buildings, providing strength, stability, and flexibility for architectural designs. In industrial structures, it supports large-scale projects like warehouses, manufacturing plants, and energy facilities, where high load-bearing capacity and resistance to environmental stress are critical. In bridge construction, structural steel girders and trusses offer high tensile strength, enabling longer spans and robust designs that withstand heavy traffic and weather conditions. Additionally, structural steel is used in infrastructure projects such as railways, airports, and stadiums, supporting the growing demands of urbanization and transportation.

What Factors Are Driving the Growth in the Structural Steel Market?

The growth in the Structural Steel market is driven by several factors, including increasing investments in infrastructure, urban development, and industrial expansion across emerging and developed economies. Advancements in steel production, such as high-strength, low-alloy (HSLA) steel and corrosion-resistant coatings, have enhanced the performance and lifespan of structural steel components, supporting broader applications in construction.

The focus on sustainable building practices has further fueled demand, as structural steel offers recyclability, reduced construction time, and lower material waste. Additionally, rising government spending on infrastructure projects, commercial real estate development, and energy facilities has contributed to market growth, encouraging the use of structural steel in diverse construction applications.

Scope of the Study

The report analyzes the Structural Steel market, presented in terms of market value (US$ Million). The analysis covers the key segments and geographic regions outlined below.

Segments

Application (Non-Residential, Residential)

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Non-Residential Application segment, which is expected to reach US$74.9 Billion by 2030 with a CAGR of a 4.5%. The Residential Application segment is also set to grow at 5.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $28.0 Billion in 2023, and China, forecasted to grow at an impressive 7.8% CAGR to reach $30.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Structural Steel Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Structural Steel Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Structural Steel Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players in the Global Structural Steel Market such as Anshan Iron & Steel Group Corporation, Anyang Iron & Steel Group Co. Ltd., Arcelor Mittal S.A., Baogang Group, Bohai Steel Group Co. Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Global Structural Steel Market report include:

• Anshan Iron & Steel Group Corporation
• Anyang Iron & Steel Group Co. Ltd.
• Arcelor Mittal S.A.
• Baogang Group
• Bohai Steel Group Co. Ltd.
• Baosteel Group Corporation
• Benxi Beiying Iron & Steel Group Co. Ltd.
• Evraz Group
• Gerdau S.A.
• Hebei Steel Group
• Hyundai Steel Co., Ltd. (HSC)
• JSW Steel Limited