Hot Rolled Structural Steel Market size is estimated to be USD 150 Billion in 2024 and is expected to reach USD 220 Billion by 2033 at a CAGR of 4.5% from 2026 to 2033.
The global Hot Rolled Structural Steel Market was valued at approximately $215 billion in 2022 and is projected to witness a compound annual growth rate (CAGR) of 5.8% during the forecast period. This growth is primarily driven by the rising demand for infrastructure development, construction, and industrial projects across emerging economies. Asia Pacific holds the largest market share, accounting for over 45% of the global revenue in 2022, attributed to extensive construction activities in countries like China and India. North America follows with significant contributions due to ongoing urbanization projects and increasing investments in green building initiatives.
Europe also plays a crucial role, holding over 20% of the market share in 2022, supported by a focus on sustainable construction practices and infrastructure upgrades. Key opportunities in the market include the adoption of advanced manufacturing technologies to improve product quality and the development of lighter, high strength steel products to meet evolving construction requirements. The Middle East and Africa regions are expected to grow steadily, with increasing investments in large scale projects and oil & gas infrastructure. Latin America, while smaller in size, showcases potential for growth due to expanding industrialization and governmental support for infrastructure projects.
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Gerdau
ArcelorMittal
Tata Steel
Nippon Steel Sumitomo Metal
POSCO
ThyssenKrupp
JSW Steel
Essar Steel
TISCO
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 Hot Rolled Structural Steel Market
Hot Rolled Steel Beams
Hot Rolled Steel Plates
Hot Rolled Steel Channels
Hot Rolled Steel Angles
Hot Rolled Steel Sheets
Construction
Automotive
Aerospace
Shipbuilding
Manufacturing
Energy and Power
Less than 6 mm
6 mm to 12 mm
12 mm to 25 mm
More than 25 mm
Coiled
Flat
Long Steel
Custom Shapes
Structural Steel
High-Strength Steel
Low-Temperature Steel
Corrosion-Resistant 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 Hot Rolled 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 Hot Rolled Structural Steel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hot Rolled Structural Steel Market, By Type
6. Global Hot Rolled Structural Steel Market, By Application
7. Global Hot Rolled Structural Steel Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Hot Rolled Structural Steel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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