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Structural Steel Market Size, Share & Trends Analysis Report By Application (Non-residential (Industrial, Commercial, Institutional), Residential), By Region, And Segment Forecasts, 2020 - 2027

  • ID: 4761205
  • Report
  • March 2020
  • Region: Global
  • Grand View Research

FEATURED COMPANIES

  • Arcelor Mittal S.A.
  • Baogang Group
  • Evraz Group
  • Gerdau S.A.
  • Hebei Steel Group
  • JSW Steel Limited
  • MORE
The global structural steel market size is expected to reach USD 155.1 billion by 2027, registering a CAGR of 5.6% over the forecast period. New residential construction activities are witnessing a moderate growth rate in developed countries such as U.S., Germany, and Canada. This, in turn, drives the demand for various structural steel products including channels, wide-flange shapes, plates, and angles.

In terms of revenue, residential construction in U.S. accounted for structural steel market share of 54.5% in 2019 and is estimated to register a CAGR of 4.4% from 2019 to 2025. Single home construction activities contribute significantly to the overall residential construction and observed a growth rate of 2.0% from September 2019 to October 2019. This was considered as the highest growth of the first nine months of 2019. Moreover, over the past few years, residential construction (including private and public) spending in U.S. witnessed a lucrative growth rate. It increased from USD 374.8 billion in 2014 to USD 546.1 billion in 2018.

Government packages and incentives for the development of the construction sector in developed and developing economies are anticipated to create a favorable environment for the growth of the market for structural steel. For instance, in 2019, the finance minister of Mexico announced a package of USD 42.5 billion to promote infrastructural development and boost private consumption. Under this initiative, development banks are likely to provide new guarantees and loans up to USD 14.0 billion for medium and small-sized enterprises. Another key growth factor is the increase in U.S. foreign direct investments (FDI) in Mexico. The U.S. FDI year-on-year growth was nearly 8.9% from 2016 to 2017 and was valued at USD 109.7 billion in 2017.

Most gulf countries have started reducing their dependence on the oil and gas sector through investments in other sectors. For instance, Saudi Arabia has shifted its focus from oil production and is expected to reduce its reliance on the oil and gas industry. In the 2018 economic budget of the country, the overall spending increased from USD 264.9 billion in 2017 to USD 293.3 billion in 2018. The primary portion of the economic budget was aimed to boost other industries and promote infrastructural development.

The construction sector in the country is likely to be driven by investment programs such as the Saudi Vision 2030 program, under which the government aims to develop the country’s health, education, and infrastructure including housing, rail, airport, and other related infrastructure. This is anticipated to indirectly have a positive influence on the market for structural steel.

Further key findings from the report suggest:
  • In terms of volume, the non-residential application segment is estimated to register a CAGR of 4.9% from 2020 to 2027. The growth of the segment is attributed to rising public and private investments in infrastructure globally
  • The residential segment accounted for a share of 46.3% in 2019 in terms of revenue. Rising housing construction, coupled with increasing population, is the key factor driving the demand for structural steel for residential purposes
  • Industrial construction has emerged as the largest segment in non-residential applications. Increasing industrial output in Asia Pacific is expected to drive the demand for structural steel products in this segment
  • Asia Pacific dominated the global market in 2019 and this trend is expected to continue through the forecast period. Increasing population and growing urbanization is expected to lead to a consistent demand for structural steel over the forecast period
  • Numerous players in the market focus on signing long-term supply contracts to enhance their market position. Key market players include ArcelorMittal, Tata Steel, Baosteel, POSCO, Anshan Iron & Steel Group Corporation, and JSW Steel Limited.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arcelor Mittal S.A.
  • Baogang Group
  • Evraz Group
  • Gerdau S.A.
  • Hebei Steel Group
  • JSW Steel Limited
  • MORE
Chapter 1 Methodology & Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 List of data sources
1.4 Information procurement
1.5 Information analysis
1.6 Market formulation & data visualization
1.7 Data validation & publishing

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Insights

Chapter 3 Structural Steel Market Variables, Trends & Scope
3.1 Market outlook
3.1.1 Global structural steel market outlook
3.2 Penetration & growth prospect mapping
3.3 Industry value chain analysis
3.3.1 Raw material trends
3.3.2 Manufacturing trends & technology overview
3.3.3 Sales channel analysis
3.4 Regulatory Framework
3.4.1 European Union
3.4.2 U.S.
3.4.3 Hong Kong
3.4.4 India
3.4.5 China
3.5 Market Dynamics
3.5.1 Market driver analysis
3.5.1.1 Increasing construction spending in emerging economies
3.5.1.2 Recovery of construction industry in developed markets
3.5.2 Market restraint analysis
3.5.3 Industry challenges
3.6 Structural Steel Market - Business environment analysis
3.6.1 Industry analysis - Porter’s
3.6.2 PESTEL analysis
3.6.3 Major deals & strategic alliances analysis

Chapter 4 Structural Steel Market: Application Estimates & Trend Analysis
4.1 Application movement analysis & market share, 2019 & 2027
4.2 Non-residential
4.2.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
4.2.2 Industrial
4.2.2.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
4.2.3 Commercial
4.2.3.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
4.2.4 Offices
4.2.4.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
4.2.5 Institutional
4.2.5.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
4.3 Residential
4.3.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)

Chapter 5 Structural Steel Market: Regional Estimates & Trend Analysis
5.1 Regional market introduction, 2019 & 2027
5.2 North America
5.2.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.2.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.2.3 U.S.
5.2.3.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.2.3.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.2.4 Canada
5.2.4.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.2.4.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.2.5 Mexico
5.2.5.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.2.5.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.3 Europe
5.3.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.3.3 Germany
5.3.3.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.3.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.3.4 U.K.
5.3.4.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.4.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.3.5 France
5.3.5.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.5.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.3.6 Spain
5.3.6.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.6.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.3.7 Russia
5.3.7.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.7.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.3.8 Turkey
5.3.8.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.8.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.3.9 Poland
5.3.9.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.9.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4 Asia Pacific
5.4.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.3 China
5.4.3.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.3.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.4 Taiwan
5.4.4.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.4.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.5 Japan
5.4.5.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.5.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.6 Thailand
5.4.6.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.6.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.7 Malaysia
5.4.7.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.7.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.8 Singapore
5.4.8.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.8.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.9 Hong Kong
5.4.9.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.9.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.10 Vietnam
5.4.10.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.10.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.11 Philippines
5.4.11.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.11.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.12 India
5.4.12.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.12.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.13 Australia
5.4.13.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.13.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.14 New Zealand
5.4.14.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.14.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.4.15 Indonesia
5.4.15.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4.15.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.5 Central & South America (CSA)
5.5.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.5.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.5.3 Brazil
5.5.3.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.5.3.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.5.4 Chile
5.5.4.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.5.4.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.5.5 Colombia
5.5.5.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.5.5.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.6 Middle East & Africa (MEA)
5.6.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.6.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.6.3 UAE
5.6.3.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.6.3.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.6.4 Saudi Arabia
5.6.4.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.6.4.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.6.5 Iran
5.6.5.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.6.5.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
5.6.6 South Africa
5.6.6.1 Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.6.6.2 Market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)

Chapter 6 Structural Steel Market-Competitive Analysis
6.1 Key global players & recent developments & their impact on the industry
6.2 Key company/competition categorization (key innovators, market leaders, emerging players)
6.3 Vendor Landscape
6.3.1 List of key players/suppliers
6.3.2 List of key end users
6.4 Company Market Positioning
6.4.1 SWOT, by top public companies

Chapter 7 Company Profiles
7.1 Anshan Iron & Steel Group Corporation
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Industries and Services Catered
7.1.4 Product Benchmarking
7.1.5 Strategic Initiatives
7.2 Anyang Iron & Steel Group Co. Ltd.
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Industries and Services Catered
7.2.4 Product Benchmarking
7.2.5 Strategic Initiatives
7.3 Arcelor Mittal S.A.
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Industries and Services Catered
7.3.4 Product Benchmarking
7.3.5 Strategic Initiatives
7.4 Baogang Group
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Industries and Services Catered
7.4.4 Product Benchmarking
7.5 Bohai Steel Group Co. Ltd.
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Industries and Services Catered
7.5.4 Product Benchmarking
7.5.5 Strategic Initiatives
7.6 Baosteel Group Corporation
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Industries and Services Catered
7.6.4 Product Benchmarking
7.6.5 Strategic Initiatives
7.7 Benxi Beiying Iron & Steel Group Co. Ltd.
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Industries and Services Catered
7.7.4 Product Benchmarking
7.8 Evraz Group
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Industries and Services Catered
7.8.4 Product Benchmarking
7.8.5 Strategic Initiatives
7.9 Gerdau S.A.
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Industries and Services Catered
7.9.4 Product Benchmarking
7.9.5 Strategic Initiatives
7.10 Hebei Steel Group
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Industries and Services Catered
7.10.4 Product Benchmarking
7.11 Hyundai Steel Co., Ltd. (HSC)
7.11.1 Company Overview
7.11.2 Financial Performance
7.11.3 Industries and Services Catered
7.11.4 Product Benchmarking
7.11.5 Strategic Initiatives
7.12 JSW Steel Limited
7.12.1 Company Overview
7.12.2 Financial Performance
7.12.3 Industries and Services Catered
7.12.4 Product Benchmarking
7.13 POSCO
7.13.1 Company Overview
7.13.2 Financial Performance
7.13.3 Industries and Services Catered
7.13.4 Product Benchmarking
7.13.5 Strategic Initiatives
7.14 Nippon Steel & Sumitomo Metal Corporation (NSSMC)
7.14.1 Company Overview
7.14.2 Financial Performance
7.14.3 Industries and Services Catered
7.14.4 Product Benchmarking
7.14.5 Strategic Initiatives
7.15 Tata Steel Limited
7.15.1 Company Overview
7.15.2 Financial Performance
7.15.3 Industries and Services Catered
7.15.4 Product Benchmarking
7.15.5 Strategic Initiatives
7.16 Hunan Valin Iron & Steel Group Co., Ltd.
7.16.1 Company Overview
7.16.2 Financial Performance
7.16.3 Industries and Services Catered
7.16.4 Product Benchmarking
7.17 Nippon Steel & Sumitomo Metal Corporation (NSSMC)
7.17.1 Company Overview
7.17.2 Financial Performance
7.17.3 Industries and Services Catered
7.17.4 Product Benchmarking
7.18 Wuhan Iron & Steel (Group) Corp
7.18.1 Company Overview
7.18.2 Financial Performance
7.18.3 Industries and Services Catered
7.18.4 Product Benchmarking
7.18.5 Strategic Initiatives
7.19 Steel Authority of India Limited (SAIL)
7.19.1 Company Overview
7.19.2 Financial Performance
7.19.3 Industries and Services Catered
7.19.4 Product Benchmarking
7.19.5 Strategic Initiatives
Note: Product cover images may vary from those shown
  • 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
  • POSCO
  • Nippon Steel & Sumitomo Metal Corporation (NSSMC)
  • Tata Steel Limited
  • Hunan Valin Iron & Steel Group Co., Ltd.
  • Nippon Steel & Sumitomo Metal Corporation (NSSMC)
  • Wuhan Iron & Steel (Group) Corp
  • Steel Authority of India Limited (SAIL)
Note: Product cover images may vary from those shown

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