Structural Steel Market to Register 850 USD Billion by 2024

Market Study Report: The Report entitled 2018-2024 Global Structural steel Market Report explores the essential factors of the Structural steel market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario.

Selbyville, Delaware - December 4, 2018 /MarketersMedia/ —

UK structural steel market size from bridges is poised to witness gains at over 4% by 2024, owing to growing bridge construction for road, rail and sewer projects which is likely to support industry growth over the forecast timeframe. Initiations of major tunnel infrastructure projects and advancements in numerous london underground stations are projected to boost the industry.

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Historical data from 2013 is provided for structural steel market along with estimates and forecasts to 2024 based on segmentation of structural steel industry by product, by applications, companies and regions. Previous years’ data offers fact based information on trends and growth graph while the forecasts aim to show an outlook of structural steel market for the next few years keeping in mind the advancements happening in the sector.

U.S. may witness gains at over 5% by 2024 from energy development application of structural steel. These products are extensively used in numerous energy sector including nuclear, electric & natural gas and wind power plants and rigs with application in construction of transmission towers, oil and gas wells, transformer cores and pipelines. Increasing energy company activities to produce oil & gas, coal and renewable fuels are likely to fuel construction sector, therefore driving structural steel market product demand.

China structural steel market from I shaped heavy sections is projected to surpass USD 16 billion by 2024. I-beams are most widely used sections owing to their high strength and their applicability to create spacious and large rooms with slight support channels. Growing revamp activities in the region is likely to foster product demand as these beams are used to replace old structural channels with new ones. Its increasing usage in construction of frames for elevators, trolley truck beds, and trailer is likely to have a positive outlook on industry size.

Again, out of the scope of this structural steel market report, as per estimates, the year 2018 is expected to witness a slew of highly lucrative oil and gas projects, such as the USD 41 billion worth Southern Gas Corridor project, the USD 4.67 billion worth Coral South LNG project, off the Mozambique coast, the Libra Field project worth USD 91 billion, and more. It is rather overt that with the rising number O&G projects across the globe, the demand for offshore and onshore platforms in addition to other products for exploration and production will experience a surge, augmenting the revenue graph of structural steel market size from the oil and gas sector.

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Coming back to the premium report on structural steel market for 2018-2024, companies profiled in this research include Nippon Steel & Sumitomo Metal Corporation, POSCO, VISA Steel, Steel Authority of India Limited, Anyang Iron & Steel Group Co., Ltd., Baosteel Company, Tata Steel, China Steel Corporation, Novolipetsk Steel, ArcelorMittal S.A., Shagang Group Company Limited, Hesteel Group Company Limited, Shaaban Group, Gerdau Steel India Pvt. Ltd., Steel Limited, Maanshan Iron and Steel Company, Nucor Corporation, Nanjing Iron & Steel United Co., Ltd., Erdemir Group, Hunan Valin Iron & Steel Group Co., Ltd., Evraz Group, Hyundai Steel Co., Ltd. (HSC), Wuhan Iron & Steel (Group) Corp., Liberty OneSteel Manufacturing, Gunung Steel Group, Jindal Steel and Power Ltd., Salzgitter AG, Stahlwerk Thuringen GmbH, AFV Acciaierie Beltrame SpA, Duferdofin-Nucor Srl, Riva Fire SpA, Celsa Cia Espanola de Laminacion SL, British Steel, HBIS Group Co. ltd, JFE Steel Corporation, Voestalpine AG, Severstal, SSAB AB, POSCO SS Vina and AK Steel Holding Corporation.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3 Structural Steel Industry Insights
Chapter 4 Structural Steel Market, By Product
Chapter 5 Structural Steel Market, By Application
Chapter 6 Structural Steel Market, By Region
Chapter 7. Company Profiles

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