Global Structural Steel Market (2020-2026) | Size, Outlook, Trends, Companies, Revenue, COVID-19 IMPACT, Share, Growth, Forecast, Value, Analysis & Industry

Global structural steel market is forecasted with a healthy growth rate due to growing steel consumption and its application in several industries like construction, transport, mining, shipbuilding, and energy, increasing residential housing units, growing population and urbanization, increase in the number of skyscrapers, and an upsurge in residential and non-residential infrastructure has increased the government spending on infrastructural projects are the key factors which are expected to swell the demand and are also anticipated to propel consumption of structural steel in the commercial sector which in turn drive the growth of global structural steel market.  Corrosion fear, expensive fireproof treatment and fatigue and fracture in steel, and most importantly the trade war between the U.S. and Africa especially on steel and aluminium had resulted in a slowdown of investments, might be some of the restraints that could inhibit the growth of the global market scenario. However, the current COVID 19 pandemic has brought the manufacturing companies to stand still and this sector has been worst hit with the current pandemic situation as manufacturers of non-essential goods had to shut down their manufacturing facilities in compliance with the government norms for lockdown, which had affected the global economy by directly affecting the production and demand, creating supply chain and market disruption, and especially impacting firms and financial markets financially.

According to 6Wresearch, the Global Structural Steel Market size is anticipated to register growth at a noteworthy pace during 2020-26. Geographically, at the present Global, which had registered the highest market share in the structural steel market, is looking in a pretty dominant position particularly in Latin America and Africa, and is also expected to have a lucrative run in the global market in the coming years.  This is mainly because of the several initiatives taken by the government to improve the housing situation in various Regions like Latin America and Africa. This region is majorly driven by rapid industrial growth coupled with technological advancements in the construction industry, increase in construction spending for its rising population, prospering construction industry had resulted in an exponential growth of residential & housing sector in this region, that had propelled the demand for the structural steel market. The steel manufacturers and construction companies who are hit by COVID-19 are involved in product launches, innovations, partnerships, and M&A to expand their product portfolio and increase their regional presence, and getting accustomed to COVID 19 new normal to get into operation.

The global structural steel market is estimated to witness opportunities in construction, infrastructure, shipping, real estate, energy, industrial, and commercial sectors, which are segmented into Heavy structural steel, Light structural steel, Rebar. Heavy structural steel like steel pipe, universal beams, universal columns, parallel flanges, joints, rails, and equal angles is gaining interest in the market with the advancement in technology and innovation towards green construction, growing urbanization, increasing expenditure, and building large construction and infrastructure projects like smart city, skyscrapers, etc, by government and other construction companies in residential and non-residential sector is fuelling the growth of structural steel market. Some of the major players involved in the structural steel industry are ArcelorMittal S.A, SAIL, Baosteel Company, Tata Steel, NoVo Lipetsk Steel, EVRAZ Group, Nippon Steel & Sumitomo Metal Corporation, POSCO, VISA Steel, and Essar Steel.

The Global Structural Steel market report thoroughly covers the market Products, Applications, and regions including North America, Latin America, Europe, Africa, Asia Pacific, and the Middle East, and key emerging economies. The global Structural Steel market outlook report provides an unbiased and detailed analysis of the on-going Global Structural Steel market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to plan and align their market strategies consistent with the present and future market dynamics.

Key Highlights

• Global Structural Steel Market Outlook
• Global Structural Steel Market Overview
• Global Structural Steel Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Global Structural Steel Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Regions
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Latin America Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Africa Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for North America Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Asia Pacific Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Europe Structural Steel Market
• Market Drivers and Restraints
• Global Structural Steel Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Structural Steel Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Type:
• Heavy Sectional Steel
• Light Sectional Steel
• Rebar
• By Application:
• Residential
• Non-residential
• By Regions:
• Latin America
• Middle East
• Africa
• North America
• Asia Pacific
• Europe

Frequently Asked Questions About the Market Study (FAQs):