The global structural steel market is expected to reach USD 140.4 billion by 2025.
Increasing awareness among end-users owing to advantages such as design flexibility, energy efficiency and faster completion of prefabricated/engineered building (PEBs) projects using channels and beams is expected to drive demand. Upsurge in infrastructure development projects in China and India, improving standards of living, high urbanization rates and requirements for sanitation are the major growth drivers for Asia Pacific region, particularly in commercial and residential sectors.
Companies are investing in R&D for technological advancements, cost minimization, and production maximization. Technologies deployed for the production are thin-slab casting, electric furnace and vacuum degassing. Residential segment is expected to grow at a CAGR of 4.1%, from 2016 to 2025, owing to rapid urbanization and positive outlook on economic development. It minimizes the loads on foundations and also reduces sub-structure costs in residential buildings.
Demand in construction industry is further driven by adoption of advancements in structural design methods, evolving building practices, and strong raw material availability.
Industrial applications are likely to generate high demand as well over the forecast period owing to governments focus towards construction development such as Smart Cities project in India.
India is one of the fastest emerging economies in steel production and is characterized by substantial number of economic reforms and implementation of merger & acquisition deals by companies.
- 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
- Nippon Steel & Sumitomo Metal Corporation (NSSMC)
- Tata Steel Limited
- Hunan Valin Iron & Steel Group Co., Ltd.
- Wuhan Iron & Steel (Group) Corp
Steel Authority of India Limited (SAIL)
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Structural Steel Market Variables, Trends & Scope
4 Structural Steel Market: Application Estimates & Trend Analysis
5 Structural Steel Market: Regional Estimates & Trend Analysis
6 Competitive Landscape
7 Company Profiles
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