Panoramica di mercato

The global structural steel market is projected to experience a compound annual growth rate (CAGR) of over 6% da 2022 A 2027, reaching a value of $298.12 miliardi di 2027, compared to $205.36 miliardi di dollari 2021. Structural steel, which contains up to 2.1% carbon by weight, relies on coal as a vital raw material alongside iron ore. Its application in various construction activities is common due to the versatility it offers architects and civil engineers in terms of design. Structural steel is employed in the construction of warehouses, aircraft hangars, stadiums, steel and glass buildings, industrial sheds, bridges, and even residential and commercial structures. As a lightweight but strong construction material, it contributes to manufacturing flexibility and ensures structural integrity across a range of applications, from commercial to residential to road infrastructure.

In addition to construction, structural steel finds use in industries such as power generation, electricity transmission and distribution, and mining. Structural steel beams and columns provide crucial support for substructure components in mines, including workshops, offices, mining screens, fluidized bed boilers, and other structures. Industry or national standards outlined by organizations like the American Society for Testing and Materials (ASTM), British Standards Institution (BSI), and International Standards Organization (ISO) play a significant role in specifying the chemical composition, tensile strength, and load-carrying capacity of structural steels.

Structural steel also finds applications in maritime vehicles, including ships, submarines, supertankers, ladders, steel floors and grating, steps, and manufactured steel pieces. Its ability to withstand external pressures and efficient production make it well-suited for the naval industry. Di conseguenza, steel structures form the backbone of marine-related infrastructure, such as docks and ports.

The structural steel market showcases a new-generation construction technology known as light gauge steel frame (LGSF) structures. This technology utilizes cold-formed steel and is extensively employed in residential and commercial construction, encompassing roof systems, wall systems, roof panels, floor systems, decks, and entire buildings. LGSF structures offer flexibility in design, enabling longer distances to be spanned compared to conventional reinforced concrete and wooden structures. By leveraging the high strength of steel, designers and architects can enjoy greater creative freedom. Compared to reinforced concrete structures (RCC), LGSF structures offer larger floor areas. As a cost-effective solution for residential and commercial buildings, LGSF structures are anticipated to experience increased demand in emerging economies with lower disposable incomes.

The global demand for sustainable construction materials is on the rise, driven by their environmentally friendly nature and support for sustainable development practices in the construction industry. Structural steel is one such material, widely used in the construction of buildings and industrial sheds. While structural steel components within industrial sheds may experience wear and tear due to manufacturing activities, their regular replacement and repair contribute to maintaining structural integrity. Inoltre, steel structures are highly recyclable and tend to outlast conventional brick and concrete structures. Shorter construction times and reduced material wastage are additional advantages attributable to the pre-engineered nature of steel structures.

Tuttavia, it is worth noting that the maintenance costs associated with structural steel buildings are higher compared to conventional buildings. For instance, if a steel column incurs damage, it generally necessitates the replacement of the entire column, whereas conventional columns often have repair procedures available. Inoltre, steel structures require more frequent anti-rust coating and painting to prevent corrosion, adding to the maintenance expenses. Di conseguenza, the higher maintenance costs pose a challenge to the growth of the structural steel market.

Segmentazione del mercato

Il mercato è segmentato in base a vari fattori, compresa l'applicazione, tipo, e geografia.

Segmentazione per tipo
Hot-Rolled Steel
Cold-Rolled Steel

Segmentazione per applicazione
Infrastructure
Industriale
Commerciale
Residenziale

Segmentazione per geografia
Nord America – NOI, Canada
Europa – Germania, Francia, UK, Italia, Spagna, Russia, Rest of Europe
APAC – Cina, Giappone, India, Corea del Sud, Rest of APAC
America Latina – Brasile, Messico, Rest of Latin America
Medio Oriente & Africa – Sud Africa, Arabia Saudita, Emirati Arabi Uniti, Rest of MEA

The structural steel market is categorized into infrastructure, industriale, commerciale, and residential applications. Among these segments, infrastructure is projected to be the largest, with an estimated compound annual growth rate (CAGR) Di 6.65% durante il periodo di previsione. Structural steel finds extensive use in various infrastructure projects like trains, bridges, towers, tunnels, airports, ports, electricity grids, and other constructions. The demand for infrastructure development has been on the rise due to rapid industrialization and population growth, thereby driving the demand for structural steel in this segment. Governments and developers opt for structural steel in infrastructure projects due to its cost-effectiveness, time efficiency, and sustainable properties. Infrastructure development plays a crucial role in a country’s economic success, prompting governments to make substantial investments in projects related to transportation, energia, water supply, and sanitation.

Among the different types of structural steel, hot rolled steel holds the largest market share and is anticipated to reach a value of 235.29 miliardi di 2027. Hot rolled steel is widely used in structural steel construction due to its ease of manufacturing and lower production costs compared to cold-rolled steel. Contractors, architects, and building designers prefer hot rolled steel as it significantly reduces construction expenses. Hot rolled steel is produced through compressive forming processes such as rolling, metal extrusion, and forging. The ability to work with metal at high temperatures without additional delays allows for greater production quantities than cold-rolled steel.

The global structural steel market is populated by numerous established companies operating across major regions of the world. The Asia-Pacific (APAC) region stands as one of the largest markets, experiencing a CAGR of 6.68% in this industry. This growth can be attributed to the rapid development of infrastructure and industries in the region, driven by a large population, abundant availability of raw materials, supportive government policies, increased foreign direct investment (FDI), and access to skilled and unskilled labor. APAC is home to several developing countries such as India, Cina, Corea del Sud, and Indonesia, where governments have implemented monetary and fiscal policies to attract investment in industrial and infrastructure activities, thereby promoting economic development. Inoltre, the commercial and residential sectors are benefiting from the growing population and increasing economic activities in the region.

While APAC currently dominates the global market, other countries with substantial potential for structural steel development are poised to challenge its dominance. Regions like North America and Europe boast highly developed countries with well-established industries that require robust infrastructure to support various sectors’ daily operations. Inoltre, the growing emphasis on sustainable development in these developed countries is anticipated to propel the structural steel market in North America and Europe.

Panorama competitivo

Leading players in the structural steel market have established strategic partnerships with building and industrial shed construction companies, as well as industries that utilize structural steel. This strategic collaboration provides these companies with a competitive advantage, ultimately boosting their market share. Inoltre, these key players have developed aftermarket services that deliver additional value to their customers. Within the structural steel industry, companies engage in strategic competition. The global emphasis on sustainable processes and initiatives poses challenges for all companies operating in this sector. Investments in research and development, technological advancements, and addressing environmental and economic challenges drive the demand for innovative and sustainable structural steel products.

Key players in the global structural steel market include ArcelorMittal from Luxembourg, Tata Steel from India, Nippon from Japan, Hyundai Steel from South Korea, and Shougang from China. These companies have implemented strategies such as expansion, acquisitions, new product development, joint ventures, and others to enhance their revenues in the structural steel market. Inoltre, other notable companies like Anyang Iron & Steel Group from China, British Steel from the UK, Emirates Steel from the UAE, Evraz from the UK, and others have made significant investments in research and development to develop structural steel products that appeal to customers. Di conseguenza, these prominent companies pose strong competition to the major players in the industry.

Key companies profiled in this report include ArcelorMittal, Nippon Steel Corporation, Shougang, TATA Steel, Hyundai Steel, Anyang Iron & Steel Group Co., Ltd., British Steel, China Ansteel Group Corporation Limited, Emirates Steel, Evraz PLC, Gerdau S/A, HBIS Group Co., Ltd, JSW Steel, Nucor, POSCO, SSAB, Steel Authority of India Limited (SAIL), Tangshan Jun Nan Trade Company Limited, Voestalpine AG.

Risposte alle domande chiave

What is the market size of the structural steel market?
The structural steel market was valued at USD 205.36 miliardi di dollari 2021.

What is the projected market size of the global structural steel market by 2027?
The global structural steel market is expected to reach USD 298.12 miliardi di 2027.

What is the growth rate of the global structural steel market?
The global structural steel market is projected to grow at a CAGR of 6.41% da 2022 A 2027.

Which region dominates the global structural steel market?
The Asia-Pacific (APAC) region dominates the structural steel market and is expected to reach USD 181.63 miliardi di 2027. This growth is driven by the significant increase in infrastructure, industriale, commerciale, and residential sectors due to continuous industrialization and infrastructure development, a growing population, and increased disposable income.

What are the primary trends in the structural steel market?
Key trends in the structural steel market include innovation and technological advancements in the steel industry, the growth of residential and infrastructure development projects, and the increasing demand for sustainable construction materials.

Who are the key players in the global structural steel market?
Some key players in the global structural steel market include ArcelorMittal, Nippon Steel Corporation, Shougang, TATA Steel, and Hyundai Steel.