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

Middle East & Africa structural steel market has seen and is estimated to register a decent growth in the coming years due to its rapid industrial growth and manufacturing, competitive landscape, growing urbanization, the rapid rise in investment in the tourism and service sector, industrial builders coming up with steel buildings instead of concrete, and an upsurge in residential and non-residential infrastructure, increase in the government and construction companies spending on construction and infrastructural projects are the key factors expected to swell the demand and anticipated to propel consumption of structural steel in the commercial sector which in turn drive the growth of MEA structural steel market. Corrosion fear, expensive fireproof treatment and fatigue and fracture in steel and low awareness and limited design flexibility in the residential sector because of high importance to aesthetics during construction, are 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 a standstill 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 by directly affecting the production and demand, creating supply chain and market disruption, and especially impacting firms and financial markets financially and even some construction companies are facing problems bringing their workers and their operations back to normal due to lockdown.

According to 6Wresearch, Middle East & Africa (MEA) Structural Steel Market size is anticipated to register growth during 2020-26. The MEA market is trailing behind Europe but there are major infrastructural development happening for sports events such as FIFA World Cup 2022, which is likely to drive the demand for steel over the approaching years within the Middle Eastern region. In this region, the steel demand is ascribed toward the growing construction industry in the Middle East coupled with rapid urbanization and industrialization in the North African countries. Likewise, steel columns are required to build the stadium infrastructure to organize sports events, thereby creating a significant demand for structural steel components. There has been a growth in the manufacturing industry in Saudi Arabia and UAE and good to see it increasing, which is to be expected to increase the demand for structural steel in industrial and commercial sectors in this region. The construction of steel buildings than the construction of concrete buildings is expected to fuel the growth of the industrial sector and will drive the steel building market growth in the Middle East and Africa.

The Middle East & Africa structural steel market is estimated to witness opportunities in construction, infrastructure, shipping, real estate, energy, industrial, and commercial sectors, that are segmented into Heavy structural steel, Light structural steel, Rebar. This MEA structural steel market appears to be moderately fragmented with the presence of several vendors and is expected to attract new vendors due to the policies introduced by various governments. If we see Saudi Arabia, its revenue is increasing due to the introduction of value-added taxes and levying direct taxes and fees on incomes for its large immigrant population which would attract new vendors toward this market. The Major players involved within the steel industry include Al Shahin Metal Industries, Astra Industries, Saudi Arabia, Kirby Building Systems, Mabani Steel, Salam International Investment Ltd., Zamil Industrial.

The Middle East & Africa Structural Steel market report thoroughly covers the market by Products, by Applications, and countries such as UAE, Saudi Arabia, Qatar, Bahrain, South Africa, Kenya, Nigeria and the rest of the Middle East & Africa. The Structural Steel market outlook report provides an unbiased and detailed analysis of the on-going Middle East & Africa 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

• Middle East & Africa Structural Steel Market Outlook
• Middle East & Africa Structural Steel Market Overview
• Middle East & Africa Structural Steel Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Middle East & Africa 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 Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Qatar Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Saudi Arabia Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Bahrain Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for UAE Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Africa Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Kenya Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Nigeria Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Middle East & Africa Structural Steel Market
• Market Drivers and Restraints
• Middle East & Africa Structural Steel Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East & Africa Structural Steel Market Share, By Players
• Competitive Benchmarking

Markets Covered

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

• By Product Type:
• Heavy Sectional Steel
• Light Sectional Steel
• Rebar
• By Application:
• Residential
• Non-residential
• By Countries:
• Qatar
• Saudi Arabia
• Bahrain
• UAE
• Rest of Middle East

Frequently Asked Questions About the Market Study (FAQs):