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Thursday, February 10, 2022

Global Structural Steel Market To Be Driven By The Rise In Infrastructure Development Activities In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Structural Steel Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global structural steel market, assessing the market based on its segments like application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 5.7%

The world is witnessing a continuous increase in construction activities in both residential and commercial sectors. Big construction projects like bridges and highways are proving a significant revenue generation opportunity to market players in the structural steel market. Furthermore, the several advantageous properties of stainless steel, such as sustainability, safety, lightweight nature, high-quality construction, and its high strength-to-weight ratio, is also taking the structural steel market upwards.

Industry Definition and Major Segments

Structural steel is a carbon steel used in the construction industry. It is an integral part of modern buildings and housing. This steel can be fabricated into a variety of shapes, dimensions, and sizes. The grade of the structural steel plays a significant role in defining its properties, so the right grade needs to be chosen depending on the required application.

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Based on the applications of structural steel, the market has been classified as

• Non-Residential

o Institutional

• Residential

The report also provides a detailed regional analysis for structural steel market by diving the market into regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Trends

The increasing investment by the government of countries across the globe for the development of their infrastructure would contribute towards the structural steel market growth. Structural steel tubes account for around 10% of the total steel consumption, globally. However, in India, it’s around 4-5%, creating a massive space for further growth opportunities in the structural steel tubes market in India.

Key Market Players

The major players in the market are Anshan Iron & Steel Group Corporation, Anyang Iron & Steel Group Co. Ltd., Arcelor Mittal S.A., Tata Steel Limited, and McFarlane Mfg. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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