Global Steel Sections Market 2016-2020
- Published: Jul 2016
- Pages: 74
- SKU: IRTNTR10019
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This market research report identifies players like ArcelorMittal, EVRAZ, Gerdau, NSSMC, and Nucor to be the key vendors in the global steel sections market. This research report also presents a detailed segmentation of the market by end-users (infrastructure and construction, power, railway, industrial machinery, oil and gas, and others) and geography (the Americas, APAC, Europe, and MEA).
Overview of the global steel sections market
Technavio’s market research analyst predicts the global steel sections market to grow at a CAGR of more than 5% by 2020. Steel sections are a kind of steel long products, used across several applications including infrastructure and construction, power, industrial machinery, and railway. Steel sections strengthen the structural integrity of buildings, providing them better ability to absorb energy, adapt to extreme conditions, and change forms. These have extensive usage in bridges and columns and other heavy industrialization activities. The growing improvements in non-residential construction is another growth driver for this market. APAC accounts for more than two-thirds of the steel demand with countries like India and China being the steel-intensive markets. With steel gaining momentum as a sustainable construction material, the market for steel sections will witness a positive growth over the next four years.
One of the latest trends gaining grounds in the market is the shift towards using steel scrap as a raw material. Scrap recycling lowers the environmental impact by eliminating the need for iron ore extraction for steel production. This helps in reducing the carbon dioxide emissions, saves energy and water consumption, and also eliminates air pollution. Owing to the several advantages of using steel scrap such as energy and natural resources conservation, it has gained huge popularity among steel producers as a preferred raw material.
Competitive landscape and key vendors
The market is moderately fragmented with a handful of global players. APAC is the largest steel-consuming region across the globe owing to the presence of steel sections manufacturers that cater to the regional demand. Intense competition prevails in the market where the established players are constantly focusing on increasing their market shares based on different expansion strategies. The strong dominance of the leading players in the market will restrict the entry of new vendors in the coming years.
Leading vendors in the market are -
Other prominent vendors in the steel sections market include Anyang Steel Group, Celsa Steel, Hyundai Steel, Mechel, and Tata Steel.
Segmentation by end-user and analysis of the steel sections market
- Infrastructure and construction
- Industrial machinery
- Oil and gas
The infrastructure and construction sector is the largest end-user in the steel sections market and is anticipated to hold around 46% of the overall market share by 2020. Factors such as an increase in infrastructure investments and upgrading of transmission and distribution lines in the power sector are significantly aiding to the growth of this segment. The ongoing ventures in road, railway, and airport systems, as well as the constant development of the construction industry, will also spur the growth prospects for the market in the coming years.
Geographical segmentation and analysis of the steel sections market
APAC will continue its dominance in the steel sections market during the forecast period and will likely occupy more than 76% of the total market share by 2020. Much of this region’s growth can be attributed to the growing demand for steel from the construction and transmission and distribution sectors. Also, heavy investments in grid improvement and grid expansion programs in several APAC nations will drive the growth of this market during the predicted period. Factors such as an increase in construction spending and restrictions on the export of nickel ore are propelling the use of steel scrap, which will boost the growth prospects of the market in the coming years.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global steel sections market?
- What are the key market trends impacting the growth of the global steel sections market?
- What are the challenges to market growth?
- Who are the key vendors in the global steel sections market?
- What are the market opportunities and threats faced by the vendors in the global steel sections market?
- Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
- What are the key outcomes of the five forces analysis of the global steel sections market?
Technavio also offers customization on reports based on specific client requirement.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- Global steel market outlook
PART 05: Market landscape
- Global steel sections market
- Pricing trends
- Five forces analysis
PART 06: Market segmentation by end-user
- Global steel sections market for infrastructure and construction
- Global steel sections market for power
- Global steel sections market for railway
- Global steel sections market for industrial machinery
- Global steel sections market for oil and gas
PART 07: Geographical segmentation
- Steel sections market in APAC
- Steel sections market in Europe
- Steel sections market in Americas
- Steel sections market in MEA
PART 08: Market drivers
- India and China: Steel intensive markets
- Demand from non-residential construction sector
- Upgrading of existing transmission and distribution networks
PART 09: Impact of drivers
PART 10: Market challenges
- China: Largest consumer to largest threat
- Decline in iron ore prices
- Declining capacity utilization ratio
- Sluggish steel demand
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Steel as sustainable material
- Rationalization of capacity
- Shift toward steel scrap as raw material
PART 13: Vendor landscape
- Global customer base concentration
- Market share analysis
- Other prominent vendors
PART 14: Key vendor analysis
PART 15: Appendix
- List of abbreviations
PART 16: Explore Technavio
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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