DUBLIN, May 29, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the
"Structural Steel Market Analysis By Application (Non Residential
(Industrial, Commercial, Offices, Institutional), Residential), By
Region, Competitive Landscape, And Segment Forecasts, 2014 - 2025"
report to their offering.
The global structural steel market is expected to reach
USD 140.4 billion by 2025
recovery of construction industry in developed markets of the
U.S., Germany and UK is expected
to foster industry growth.
Increasing awareness among end-users owing to advantages such as
design flexibility, energy efficiency and faster completion of
prefabricated/engineered building (PEBs) projects using channels
and beams is expected to drive demand. Upsurge in infrastructure
development projects in China and
India, improving standards of
living, high urbanization rates and requirements for sanitation are
the major growth drivers for Asia
Pacific region, particularly in commercial and residential
sectors.
Companies are investing in R&D for technological
advancements, cost minimization, and production maximization.
Technologies deployed for the production are thin-slab casting,
electric furnace and vacuum degassing. Residential segment is
expected to grow at a CAGR of 4.1%, from 2016 to 2025, owing to
rapid urbanization and positive outlook on economic development. It
minimizes the loads on foundations and also reduces sub-structure
costs in residential buildings.
Further key findings from the report suggest:
- Structural steel market volume was estimated at nearly 125
million tons in 2015, and is projected to grow at a CAGR of over
4.0% from 2016 to 2025
- North Asia emerged as the
leading regional market and accounted for over 60% of the overall
volume in 2015. North Asia is
expected to grow significantly over the forecast period owing to
increasing construction spending in countries such as China, Japan
and Hong Kong
- Demand in construction industry is further driven by adoption
of advancements in structural design methods, evolving building
practices, and strong raw material availability
- Industrial applications are likely to generate high demand as
well over the forecast period owing to governments focus towards
construction development such as Smart Cities project in
India
- India is one of the fastest
emerging economies in steel production and is characterized by
substantial number of economic reforms and implementation of merger
& acquisition deals by companies.
- Major key operating companies include Baogang Group, Bohai
Group Co., Ltd., Anshan Iron & Group Corporation, Anyang Iron & Group Corporation, Arcelor
Mittal S.A., Benxi Beiying Group Co. Ltd., Evraz Group, Hebei
Group, POSCO, Tata Limited, Steel Authority of India Limited,
Gerdau S.A. and Nippon Steel & Sumitomo Metal Corporation
(NSSMC)
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Structural Steel Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Penetration & growth prospect mapping, 2014 - 2025
3.3 Structural steel market - value chain analysis
3.4 Regulatory framework
3.4.1 European Union
3.4.2 U.S.
3.4.3 Hong Kong
3.4.4 India
3.4.5 China
3.5 Structural steel market dynamics
3.5.1 Market driver analysis
3.5.1.1 Increasing construction spending in emerging economies
3.5.1.2 Recovery of construction industry in developed markets
3.5.2 Market restraint analysis
3.5.2.1 Volatile raw material prices
3.6 Key opportunities prioritized
3.7 Industry analysis - Porter's
3.8 Structural Steel Market - PESTEL analysis
4 Structural Steel Market: Application Estimates & Trend
Analysis
4.1 Application market introduction, 2015 & 2025
4.2 Non-residential
4.2.4 Industrial
4.2.5 Commercial
4.2.6 Offices
4.2.7 Institutional
4.3 Residential
5 Structural Steel Market: Regional Estimates & Trend
Analysis
6 Competitive Landscape
6.1 Structural steel company heat map analysis
6.2 Vendor Landscape
6.3 Competitive Environment
6.4 Strategy framework
7 Company Profiles
- Anshan Iron & Steel Group Corporation
- Anyang Iron & Steel Group
Co. Ltd.
- Arcelor Mittal S.A.
- Baogang Group
- Bohai Steel Group Co. Ltd.
- Baosteel Group Corporation
- Benxi Beiying Iron & Steel Group Co. Ltd.
- Evraz Group
- Gerdau S.A.
- Hebei Steel Group
- Hyundai Steel Co., Ltd. (HSC)
- JSW Steel Limited
- POSCO
- Nippon Steel & Sumitomo Metal Corporation (NSSMC)
- Tata Steel Limited
- Hunan Valin Iron & Steel
Group Co., Ltd.
- Wuhan Iron & Steel (Group) Corp
- Steel Authority of India Limited (SAIL)
For more information about this report visit
http://www.researchandmarkets.com/research/g3qfsh/structural_steel
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Laura Wood, Senior Manager
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