Structural Steel Market Insights: Size, Growth, and Leading Companies
Market Overview
Global Structural Steel Market size and share is currently valued at USD 117.04 Billion in 2024 and is anticipated to generate an estimated revenue of USD 176.51 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032
Structural steel is a category of steel used in the construction of buildings, bridges, and other infrastructures. This steel is fabricated to form specific shapes, including beams, columns, plates, and steel frames that support the overall structure. Its strength, resilience, and ability to withstand high loads make it a popular choice for construction projects.
The market for structural steel is closely tied to the growth of the construction industry, which is one of the largest sectors globally. With the growing need for residential, commercial, and industrial buildings, as well as the increasing demand for robust infrastructure development, structural steel is expected to continue to be in high demand.
Key Market Growth Drivers
Urbanization and Infrastructure Development
Urbanization is one of the most significant drivers of the structural steel market. As more people migrate to urban areas in search of better living conditions, the demand for residential buildings, commercial complexes, and in
Market Overview
Global Structural Steel Market size and share is currently valued at USD 117.04 Billion in 2024 and is anticipated to generate an estimated revenue of USD 176.51 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032
Structural steel is a category of steel used in the construction of buildings, bridges, and other infrastructures. This steel is fabricated to form specific shapes, including beams, columns, plates, and steel frames that support the overall structure. Its strength, resilience, and ability to withstand high loads make it a popular choice for construction projects.
The market for structural steel is closely tied to the growth of the construction industry, which is one of the largest sectors globally. With the growing need for residential, commercial, and industrial buildings, as well as the increasing demand for robust infrastructure development, structural steel is expected to continue to be in high demand.
Key Market Growth Drivers
Urbanization and Infrastructure Development
Urbanization is one of the most significant drivers of the structural steel market. As more people migrate to urban areas in search of better living conditions, the demand for residential buildings, commercial complexes, and in
Structural Steel Market Size, Statistics & Global Report, 2024-2032
The Global Structural Steel Market size is estimated at USD 111.37 Billion in 2023, and is expected to reach USD 176.51 Billion, growing at a CAGR of 5.3% during forecast period.
https://www.polarismarketresearch.com/industry-analysis/structural-steel-market
01:42 PM - Apr 30, 2025 (UTC)
