Structural Steel Market size is estimated to be USD 156.9 Billion in 2024 and is expected to reach USD 276.5 Billion by 2033 at a CAGR of 6.5% from 2026 to 2033.
The global structural steel market was valued at approximately USD 111.7 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. This growth is driven by increased demand in the construction, infrastructure, and transportation sectors, particularly in emerging economies. Asia Pacific dominated the market in 2022, accounting for over 50% of the global revenue share, with China, India, and Southeast Asian countries seeing rapid urbanization and infrastructure investments. North America followed, driven by government backed infrastructure projects and the adoption of energy efficient building solutions. Meanwhile, Europe maintained a strong presence due to ongoing investments in residential and commercial redevelopment. Structural steels high strength to weight ratio, design flexibility, and recyclability continue to make it a preferred material across diverse end use applications including high rise buildings, bridges, and industrial facilities.
Regionally, the Middle East and Africa are experiencing notable growth due to increased infrastructure spending tied to large scale urban development projects, especially in the Gulf Cooperation Council (GCC) countries. Latin America is also emerging as a growth area, fueled by public housing projects and commercial real estate expansions. Additionally, opportunities in the structural steel market are expanding with the rise of modular construction and green building trends, where prefabricated steel components reduce construction time and minimize environmental impact. Technological advancements in structural engineering and the adoption of Building Information Modeling (BIM) further support market expansion. Government policies favoring sustainable development and reconstruction of aging infrastructure in developed regions are expected to create long term demand. As industrial sectors evolve, the structural steel market remains poised for steady growth across both mature and emerging economies.
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Gerdau S.A
ArcelorMittal
Tata Steel
Nippon Steel Sumitomo Metal
POSCO
ThyssenKrupp
JSW Steel
Essar Steel
TISCO
Southern Steel Company (SSC)
Pomina
Krakatau Steel
Sahaviriya Steel Industries
G Steel PCL
SAMC
Capitol Steel
Hyundai Steel
Nucor Steel
Baosteel
Ansteel
Wuhan Iron and Steel
Shagang Group
Shandong Iron & Steel Group
Ma Steel
Bohai Steel
Shougang Group
Valin Steel
Anyang Iron & Steel Group
Baogang Group
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. 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 Global Structural Steel Market
Beams
Columns
Angles
Plates
Channels
Construction
Transportation
Energy
Industrial Equipment
Shipbuilding
Building & Construction
Manufacturing
Automotive
Oil & Gas
Mining
Hot Rolled
Cold Rolled
Forged
Welded
Carbon Steel
Alloy Steel
Stainless Steel
High-Strength Low-Alloy 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 Global Structural 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. Global Structural Steel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Structural Steel Market, By Type
6. Global Structural Steel Market, By Application
7. Global Structural Steel Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Structural Steel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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