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    US Structural Steel Market

    ID: MRFR/CnM/11526-CR
    100 Pages
    Garvit Vyas
    December 2023

    US Structural Steel Market Research Report Information By Product (Heavy Sectional Steel, Light Sectional Steel, Rebar), By Application (Residential, Non-Residential, Infrastructure), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

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    US Structural Steel Market Infographic
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    Summary Table of Contents Segmentation Infographic

    US Structural Steel Market Summary

    The US Structural Steel market is projected to experience substantial growth, reaching 541.32 USD Billion by 2035.

    Key Market Trends & Highlights

    US Structural Steel Key Trends and Highlights

    • The market valuation for US Structural Steel is estimated at 235.94 USD Billion in 2024.
    • From 2025 to 2035, the market is expected to grow at a compound annual growth rate (CAGR) of 7.84%.
    • By 2035, the market is anticipated to expand significantly, achieving a total value of 541.32 USD Billion.
    • Growing adoption of advanced construction technologies due to increasing infrastructure investments is a major market driver.

    Market Size & Forecast

    2024 Market Size 235.94 (USD Billion)
    2035 Market Size 541.32 (USD Billion)
    CAGR (2025 - 2035) 7.84%

    Major Players

    Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

    Key Companies in the US Structural Steel Market market include

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 USD 219500.0 million
    Market Size 2023 USD 227841.0 million
    Market Size 2030 USD 318427.5 million
    Compound Annual Growth Rate (CAGR) 4.9% (2023-2030)
    Base Year 2022
    Forecast Period 2023-2030
    Historical Data 2019 & 2021
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, End-Use and Region
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa and Latin America
    Countries Covered US, Canada, Germany, France, UK, Italy, Spain, Russia, Poland, China, Japan, India, Australia and New Zealand, Brazil, Argentina, Mexico, Turkey, Israel, South Africa, GCC.
    Key Companies Profiled ArcelorMittal (Luxembourg), Nucor (US), Nippon Steel Corporation (Japan), NLMK (Russian Federation), Tata Steel (India), JSW (India), Shagang Group Inc (China), Steel Authority of India Limited (SAIL) (India), POSCO (South Korea), HBIS Group (China), Gerdau S/A (Brazil), Commercial Metals Company (CMC) (US), Acerinox S.A (Spain), Daido Steel Co Ltd (Japan), Steel Dynamics, Inc (US)
    Key Market Opportunities ·       Availability of effective alternatives to steel rebars·       Increased governmental initiatives
    Key Market Dynamics ·       High demand for steel rebar in the building & construction industry·       Expanding construction sector in emerging economies

    FAQs

    What is the projected market size of the US Structural Steel Market in 2024?

    The US Structural Steel Market is projected to be valued at 15.5 billion USD in 2024.

    What is the expected market value of the US Structural Steel Market by 2035?

    By 2035, the US Structural Steel Market is anticipated to reach a value of 30.5 billion USD.

    What is the expected CAGR for the US Structural Steel Market from 2025 to 2035?

    The expected compound annual growth rate for the US Structural Steel Market from 2025 to 2035 is 6.347%.

    Which segment is valued highest in the US Structural Steel Market for 2024?

    In 2024, the Light Sectional Steel segment is valued the highest at 6.0 billion USD.

    What will be the market size of Heavy Sectional Steel by 2035?

    The Heavy Sectional Steel segment is projected to be valued at 11.0 billion USD by 2035.

    Which major players dominate the US Structural Steel Market?

    Major players in the US Structural Steel Market include Nucor, CMC Steel, and United States Steel Corporation among others.

    What is the market value of Rebar in 2024?

    The Rebar segment is expected to be valued at 4.0 billion USD in the year 2024.

    What applications primarily drive growth in the US Structural Steel Market?

    The construction and infrastructure sectors are the primary applications driving growth in the US Structural Steel Market.

    What are the growth prospects for the US Structural Steel Market post-2025?

    The US Structural Steel Market is poised for significant growth, driven by a forecasted CAGR of 6.347% from 2025 to 2035.

    How does the US Structural Steel Market compare regionally in terms of growth potential?

    The US Structural Steel Market shows strong growth potential across various regions, particularly in areas with increasing construction activity.

    Report Infographic
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