Structural Steel Market expected to grow at a CAGR of 5.3% from 2021 to 2028.
Structural Steel Industry Overview The global structural steel market size is expected to reach USD 146.41 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% over the forecast period. The market growth is attributed to the growth in the construction sector and rising demand for steel as a green and sustainable material. Structural steel is utilized for construction-related applications. Its high carbon content offers high strength and low ductility. It is available in the form of various shapes such as I-beam, Z-shape, angle, tee, bar, and rod, depending upon the applications. It can be customized into a variety of shapes in different thicknesses and sizes owing to its ductility. Based on application, the market is segmented into residential and non-residential, where the latter dominates the market, in terms of revenue share. Structural Steel Market Segmentation Grand View Research has segmented the global...