South Korea Steel Framing Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The South Korea steel frames market plays a vital role in the construction, manufacturing, and infrastructure industries. Steel frames, known for their strength, durability, and cost-effectiveness, have become a critical component in various applications. As industries in South Korea continue to grow, the demand for steel frames has risen, driven by the need for robust structures in commercial, residential, and industrial projects.
Steel frames are used extensively across multiple sectors, including architecture, automotive, shipbuilding, and heavy machinery. Their ability to provide structural integrity while minimizing weight has made them a preferred choice for high-rise buildings, bridges, and industrial facilities. In the construction sector, steel frames are often the backbone of buildings, offering resistance to seismic forces and extreme weather conditions, which is particularly important in regions prone to earthquakes like South Korea.
One of the key industries driving the demand for steel frames in South Korea is the construction industry. With the rapid urbanization and continuous growth in infrastructure, there has been a surge in the number of high-rise buildings, commercial complexes, and residential projects. Steel frames provide the essential support for these large-scale structures, making them indispensable in modern construction. Additionally, the automotive industry in South Korea has recognized the importance of steel frames for manufacturing robust vehicle structures, which require high tensile strength to withstand crash tests and enhance passenger safety.
Another critical factor influencing the steel frames market in South Korea is technological advancements. The introduction of new materials and manufacturing processes has significantly improved the strength-to-weight ratio of steel, making it even more appealing for industrial applications. Moreover, the government's initiatives to encourage infrastructure development and energy-efficient building practices have increased the adoption of steel frames in various industries.
As the demand for steel frames continues to rise, industries in South Korea must also address the evolving environmental requirements. With growing awareness of sustainability, there is a push toward eco-friendly materials and processes in steel production, ensuring that the future of the steel frames market aligns with environmental goals.
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Keymark Enterprises
LLC
Aegis Metal Framing
The Steel Framing Company
Voestalpine Metsec Plc
Hadley 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. 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 South Korea Steel Framing Market
Residential Construction
Commercial Construction
Industrial Construction
Infrastructure Projects
Steel
Alloy Steel
Stainless Steel
Floor Systems
Wall Systems
Roof Systems
Ceiling Systems
Residential Buildings
Commercial Buildings
Industrial Buildings
Retail Buildings
Cold-Formed Steel Frames
Hot-Rolled Steel Frames
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Steel Framing 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. South Korea Steel Framing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Steel Framing Market, By Type
6. South Korea Steel Framing Market, By Application
7. South Korea Steel Framing Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Steel Framing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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