Steel Market Growth, Trends, Size and Share Forecast to 2025

The global steel market is expected to reach USD 1.01 trillion by 2025, according to a new report by Hexa Reports. Growing inclination of contractors towards sustainable, low cost and durable building materials is driving steel demand in upcoming residential projects & industrial infrastructure.

Technological advancements have made pre-engineered metal buildings with high structural integrity a reality, where steel plays an essential function in lending stability, aesthetic appeal and design flexibility. Stringent regulations promoting green & energy-efficient buildings is also contributing to steel demand, especially in industrial structures.

The Asia Pacific market is relatively subdued, but displays high growth owing to exponential growth in the Indian market as of 2017 on account of protectionist measures & rising demand. About 1/3rd of Chinese exports are shipped to countries in Southeast Asia owing to anti-dumping policies by western countries, which has contributed to economic growth and infrastructure development in these countries.

Browse Detail Report With TOC @ http://www.hexareports.com/report/steel-market

Hot rolled products dominated the steel industry with over 75% of the volume share in 2016. These products are widely utilized in automobile structures such as frames, wheel and other parts as well as welding and construction trades among others.

Further key findings from the report suggest:

  • The global steel demand exceeded 1.71 million tons in 2016 and is expected to grow at a CAGR of 2.1% from 2017 to 2025
  • Steel tubes are anticipated to grow at above 3% CAGR in terms of volume, owing to high demand for underground pipelines in fuel & water transportation
  • Cold rolled products are expected to grow at 3.1% CAGR in terms of revenue, owing to their excellent inherent as well as physical properties including high concentricity and tensile strength, straightness and better aesthetic appeal
  • Pre-engineered metal building (PMB) structures are increasingly replacing other conventional structures since they are over 30% lighter, providing simpler and lightweight designs
  • Steel roofs & walls are expected to grow at a CAGR of 2.7% in terms of revenue; they generally aid in minimizing energy loss, heat gain whilst maximizing thermal comfort and fire safety properties in PMBs
  • North America & Europe are expected to remain dominant yet mature steel-consuming regions, owing to market saturation and low construction spending as compared to emerging economies; however, rising housing starts in the U.S. may offer lucrative opportunities for innovative producers & distributors
  • Major industry participants include Emirates Steel, Hamriyah Steel FZC, Al Nasser Industrial Enterprises LLC, United Iron & Steel Co., Al Ghurair Iron & Steel Co., Al Rajhi Steel, Absal Steel, ArcelorMittal, Hadeed (SABIC), and Solb Steel Company among others

Request A Sample copy of This Report @
http://www.hexareports.com/report/steel-market/request-sample

Table Of Content
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources

Chapter 2 Executive Summary
2.1 Market Snapshot

Chapter 3 Steel Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Penetration & growth prospect mapping, 2014 – 2025
3.3 Regulatory framework
3.4 Technological Overview
3.5 Steel market dynamics
3.6 Key opportunities prioritized
3.7 Industry analysis – Porter’s
3.8 Steel market – PESTEL analysis

Chapter 4 Steel Market: Product Estimates & Trend Analysis
4.1 Product Market Introduction, 2015 & 2025
4.2 Hot rolled steel
4.3 Cold rolled steel
4.4 Direct rolled steel
4.5 Steel tubes
4.6 Others

Chapter 5 Steel Market: Application Estimates & Trend Analysis
5.1 Application Market Introduction, 2015 & 2025
5.2 Pre-engineered metal buildings
5.3 Bridges
5.4 Industrial structures

Chapter 6 Steel Market: Regional Estimates & Trend Analysis
6.1 Regional Market Introduction, 2015 & 2025
6.2 North America
6.3 Europe
6.4 Asia Pacific
6.5 Latin America
6.6 Middle East & Africa (MEA)

Chapter 7 Competitive Landscape
7.1 Steel company heat map analysis
7.2 Competitive environment
7.3 Marketing channel analysis
7.4 Distribution channel Analysis

Chapter 8 Company Profiles
8.1 Emirates Steel
8.2 Hamriyah Steel FZC
8.3 Al Nasser Industrial Enterprises LLC
8.4 United Iron & Steel Co. LLC
8.5 Al Ghurair Iron & Steel LLC
8.6 Al Rajhi Steel
8.7 Absal Steel
8.8 ArcelorMittal
8.9 Hadeed (SABIC)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s