Structural Steel Market by Products, Applications & Regional Growth by 2018-2024

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Structural Steel Market Research Analysis and
Trends Report for 2018 - 2024
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Global Market Scenario of Structural Steel
Industry

• Structural Steel Market from light sectional
  segment is anticipated to be over 370 kilo tons
  in the projected timeframe. It has eminent usage
  in residential and small building manufacturing
  owing to its light weight, and quick building
  ability without using heavy tools or equipment.
  Manufacturers are engaged in developing
  cost-efficient equipment with low environmental
  impacts which will foster market growth.
• Structural Steel Market size is set to surpass
  USD 850 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
• Growing awareness among consumers owing to
  benefits including design flexibility, faster
  completion and energy efficiency of prefabricated
  building projects using heavy and light sized
  products is anticipated to drive demand of
  structural steel products. Increase of
  infrastructure development projects in China,
  Japan, South Korea and India with improving
  standards of living and necessities for
  sanitation are likely to stimulate product
  demand.
• Global steelmakers are offering tailored building
  solutions that enable low-carbon-neutral and
  energy-efficient buildings. These solutions
  reduce ecological impact over the structures
  lifespan and help to extend their life expectancy
  through design for reuse and disassembly, thus
  propelling structural steel industry.

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Continue-

• Structural steel industry size from industrial
  application may reach up to 250 million tons by
  2024. Rise in consumer awareness towards green
  construction material by further reducing
  greenhouse gas emissions will favor product
  demand.
• Heavy capital expenses in mining process,
  infrastructure capabilities, expensive fireproof
  treatment and corrosion will restrict industry
  profitability, thus affecting structural steel
  market price trends. Moreover, it being an
  exceptional conductor of heat, damages material
  in contact and causes fires which quickly spreads
  to further segments of building which may bound
  industry growth.
• Structural steel industry size from energy
  development application is anticipated to surpass
  85 kilo tons by 2024. Optimizing costs and risks
  of installing large offshore platforms and
  different construction strategies have been
  developed including the use of the product, thus
  stimulating product demand.

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360 Industry Analysis

• China structural steel industry size is poised to
  surpass USD 270 billion up to 2024. Growing
  preference for high quality structural
  developments along with increasing investment in
  steel industry supported by adoption of
  sustainable mining techniques will have a
  positive impact on product demand. Opportunities
  for companies that can offer technologies to
  support work force productivity, energy saving
  will surge market growth.
• U.S. structural steel market size from commercial
  application will witness significant gains of
  over 5. Growing prefabricated buildings has led
  to increased consumption of product supported by
  regulations to reduce emissions and use of
  recycled material will contribute towards
  regional product demand.
•  

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Industry Background
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• Competitive Analysis
• Global structural steel market share is
  moderately fragmented with major players
  including ArcelorMittal, POSCO, SAIL, Erdemir
  Group, Nucor Corporation, Voestalpine AG, Jindal
  and TATA. Other prominent industry participants
  include Evraz Group, Shaaban Group, BCI Limited,
  and Riva Fire.

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Latest Research Report On Structural Steel
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