Published by news degree
Posted on August 3, 2021
12 min readLast updated: January 21, 2026
The global Structural Steel market is forecast to reach USD 152.57 Billion by 2027, according to a new report by Reports and Data. New residential building activities in developing countries such as the U.S., Germany, and Canada are experiencing modest development. This, in effect, fuels demand numerous structural steel products, including channels, wide-flange forms, tubes, and angles. Increasing investments in transportation facilities, long-range platforms, houses, multi-story and high-rise buildings, and bridges are also a leading factor boosting the global steel structure industry. Increased deployment of lightweight urban construction systems with thin sheet-covered surfaces is also the latest advance in this sector, further rising demand for high-strength structural steel.
Single-home construction activities make a significant contribution to the overall residential construction, which experienced the highest growth in 2019. Besides, residential development (including private and public) spending in the U.S. has seen a lucrative rate of growth over the last few years. Government packages and opportunities for construction sector development in developed and emerging economies are projected to create a favorable environment for the growth of the structural steel industry. In 2019, for example, Mexico’s finance minister unveiled a USD 42.50 billion packages to foster infrastructure growth and improve the private consumption. Development banks are likely to offer new guarantees and loans of up to USD 14.00 billion to medium- and small-scale enterprises under this initiative. Increasing U.S. foreign direct investment (FDI) in Mexico is another crucial factor in growth. Growth in the U.S. FDI year-on-year from 2016 to 2017 was approximately 8.9%, which in 2017 was estimated at USD 109.7 billion.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/3248
The COVID-19 impact:
As the COVID-19 crisis is rising, producers are rapidly changing their activities and purchasing strategies to meet the demands of a pandemic that has developed the need for Structural Steel based on the market. A sequence of positive, as well as negative shocks will arise over a few months, as producers and their vendors adapt to changing customer demands. Many regions look vulnerable to export-dependent economies, with an unfortunate global situation. The impact of this pandemic will reshape the global structural steel markets when certain manufacturers either close down or decrease their production due to a lack of downstream demand. While some have their production suspended by their respective governments as a precautionary measure to combat the spread of the virus. In other nations, while looking at the severity of the outbreak and the consequent behavior of the national authorities themselves, customers are centered on becoming more local. Business dynamics in Asia Pacific regions have become very unpredictable in these cases, weakening regularly and finding it impossible to stable themselves.
Key participants include:
Tata Steel Limited, JSW Steel Limited, Arcelor Mittal S.A., Nippon Steel & Sumitomo Metal Corporation (NSSMC), Benxi Beiying Iron & Steel Group Co. Ltd., Baosteel Group Corporation, Hyundai Steel Co. Ltd. (HSC), Anshan Iron & Steel Group Corporation, POSCO, and Hunan Valin Iron & Steel Group Co. Ltd., among others.
Further key findings from the report suggest
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/3248
For the purpose of this report, Reports and Data have segmented into the global Structural Steel market on the basis of Product, Type, application, and region:
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/3248
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-structural-steel-market
The post Structural Steel Market Size To Reach USD 152.57 Billion By 2027 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The global Structural Steel market is forecast to reach USD 152.57 Billion by 2027, according to a new report by Reports and Data. New residential building activities in developing countries such as the U.S., Germany, and Canada are experiencing modest development. This, in effect, fuels demand numerous structural steel products, including channels, wide-flange forms, tubes, and angles. Increasing investments in transportation facilities, long-range platforms, houses, multi-story and high-rise buildings, and bridges are also a leading factor boosting the global steel structure industry. Increased deployment of lightweight urban construction systems with thin sheet-covered surfaces is also the latest advance in this sector, further rising demand for high-strength structural steel.
Single-home construction activities make a significant contribution to the overall residential construction, which experienced the highest growth in 2019. Besides, residential development (including private and public) spending in the U.S. has seen a lucrative rate of growth over the last few years. Government packages and opportunities for construction sector development in developed and emerging economies are projected to create a favorable environment for the growth of the structural steel industry. In 2019, for example, Mexico’s finance minister unveiled a USD 42.50 billion packages to foster infrastructure growth and improve the private consumption. Development banks are likely to offer new guarantees and loans of up to USD 14.00 billion to medium- and small-scale enterprises under this initiative. Increasing U.S. foreign direct investment (FDI) in Mexico is another crucial factor in growth. Growth in the U.S. FDI year-on-year from 2016 to 2017 was approximately 8.9%, which in 2017 was estimated at USD 109.7 billion.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/3248
The COVID-19 impact:
As the COVID-19 crisis is rising, producers are rapidly changing their activities and purchasing strategies to meet the demands of a pandemic that has developed the need for Structural Steel based on the market. A sequence of positive, as well as negative shocks will arise over a few months, as producers and their vendors adapt to changing customer demands. Many regions look vulnerable to export-dependent economies, with an unfortunate global situation. The impact of this pandemic will reshape the global structural steel markets when certain manufacturers either close down or decrease their production due to a lack of downstream demand. While some have their production suspended by their respective governments as a precautionary measure to combat the spread of the virus. In other nations, while looking at the severity of the outbreak and the consequent behavior of the national authorities themselves, customers are centered on becoming more local. Business dynamics in Asia Pacific regions have become very unpredictable in these cases, weakening regularly and finding it impossible to stable themselves.
Key participants include:
Tata Steel Limited, JSW Steel Limited, Arcelor Mittal S.A., Nippon Steel & Sumitomo Metal Corporation (NSSMC), Benxi Beiying Iron & Steel Group Co. Ltd., Baosteel Group Corporation, Hyundai Steel Co. Ltd. (HSC), Anshan Iron & Steel Group Corporation, POSCO, and Hunan Valin Iron & Steel Group Co. Ltd., among others.
Further key findings from the report suggest
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/3248
For the purpose of this report, Reports and Data have segmented into the global Structural Steel market on the basis of Product, Type, application, and region:
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/3248
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
Heat Resistant Alloy Market By Type (TACSR, TACSR/AW, TACSR/TW, STACIR/AW, Others), By Application (Primary And Secondary Distribution Conductors, Messenger Support, Bare overhead Transmission Conductor, Others), Distribution Channel (Offline, Online) And Region- Global Forecast To 2027
Ethyl Levulinate Market Size, Share & Analysis, By Type (Food Grade, Industrial Grade), By Application (Food Additives, Fragrances, Pharmaceutical Intermediates, Diesel & Biodiesel, Others), And By Region Forecast To 2028
DeNOx Catalyst Market Size, Growth & Analysis, By Material (Ceramic, Zeolites, Base Metal, Precious Metal) By Type (Honeycomb Type, Flat Type), By Applications (Power Plant, Cement Plant, Refinery Plant, Steel Plant, Transportation Vehicle, Others), And Regional Forecasts To 2027
Unitary Material Market By Type (Lithium Cobalt Oxides, Lithium Nickelate, Lithium Manganate), By Application Type (Consumer Electronic Battery, Automobile Battery, Others), Region-Global Forecast To 2027
Bio-Aromatic Polyester Polyols Market Size, Share & Trends Analysis Report By Type (Green Polyols, Bio Polyols), By Application (Adhesives, Sealants, Coatings, Polyurethane Foams), By End-User (Packaging, Construction, Transportation, Furniture & Bedding, Others), By Region (North America, Europe, Asia Pacific, Middle East and Africa, Latin America), Competitive Strategies and Segment Forecasts for 2016 – 2026
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-structural-steel-market
The post Structural Steel Market Size To Reach USD 152.57 Billion By 2027 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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