United States Structure Steel Market was valued at USD 29.8 Billion in 2022 and is projected to reach USD 38.0 Billion by 2030, growing at a CAGR of 3.3% from 2024 to 2030.
The U.S. Structural Steel Market is experiencing significant growth as industries across the nation continue to demand high-quality steel for construction, infrastructure, and industrial applications. Structural steel, a critical material used in the construction of buildings, bridges, and industrial structures, is a backbone of the American economy. As industries evolve, so does the demand for this material, driving innovations and competition in the market. The requirements from different industries are diverse, with each sector needing specific qualities such as strength, durability, and flexibility in the steel produced.
The construction industry is one of the largest consumers of structural steel in the U.S. As the demand for new buildings, infrastructure, and skyscrapers increases, so does the need for steel that can withstand extreme conditions and support heavy loads. Steel’s ability to be fabricated into different shapes, along with its cost-effectiveness and versatility, makes it the material of choice for construction projects. For example, structural steel is used extensively in the frame construction of commercial buildings, factories, and residential complexes.
Another industry driving the demand for structural steel is the transportation sector. Bridges, highways, railways, and tunnels all require robust steel structures that can resist environmental stresses and carry heavy loads. Steel offers the strength necessary for these high-performance applications, making it indispensable for these projects.
In addition, the oil and gas industry plays a major role in structural steel consumption. Steel is required for the construction of pipelines, rigs, and processing plants, which are essential for extracting, refining, and transporting energy resources. The steel used in this sector must meet specific standards to withstand harsh environments, such as extreme temperatures, pressure, and exposure to corrosive substances.
Other industries such as energy, manufacturing, and aerospace also rely on structural steel for creating complex machinery, equipment, and infrastructure. Each industry has tailored requirements based on the specific functionality and performance needed from the steel. As a result, the U.S. structural steel market is constantly evolving, with manufacturers working on enhancing steel products to meet the changing demands of industries.
The U.S. Structural Steel Market is not just about demand; it’s also about innovation and adapting to technological advancements. From advanced production techniques to environmentally sustainable practices, the industry continues to evolve to provide better products that can serve a wide range of industries efficiently. As these industries continue to grow, so too will the need for high-quality structural steel, further expanding the market's scope and potential.
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ArcelorMittal
Nippon Steel Sumitomo Metal
POSCO
Nucor
United States Steel (USS)
ThyssenKrupp
Severstal
JSW Steel
Essar Steel
Rautaruukki
Baosteel
Ansteel
Wuhan Iron and Steel
Shagang Group
Shandong Iron & Steel Group
Ma Steel
Bohai Steel
Shougang Group
CSC
Valin Steel
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Structure Steel Market
Wide Flange Beams
I-Beams
Channels
Angle Bars
Flat Bars
Tubular Sections
Building Construction
Infrastructure Projects
Industrial Applications
Transportation
Energy Generation
Marine Applications
Construction
Energy
Automotive
Aerospace
Manufacturing
Mining
Carbon Steel
Alloy Steel
Stainless Steel
High-Strength Low-Alloy Steel (HSLA)
Hot Rolled Sections
Cold Rolled Sections
Pre-fabricated Structures
Custom Fabricated Steel
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Structure Steel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Structure Steel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Structure Steel Market, By Type
6. US Structure Steel Market, By Application
7. US Structure Steel Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Structure Steel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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