Steel Structure Market to Reach $169.7 Billion, Globally, by 2032 at 4.1% CAGR: Allied Market Research [Yahoo! Finance]
Gerdau S.A. (GGB)
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Source: Yahoo! Finance
This further results in consolidation of the steel structure market. PORTLAND, Ore. July 30, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Steel Structure Market by Product (Angles, Channels and Rounds), and Application (Industrial, Commercial, Institutional and Residential): Global Opportunity Analysis and Industry Forecast, 2024-2032" . According to the report, the steel structure market was valued at $118.9 billion in 2023, and is estimated to reach $169.7 billion by 2032, growing at a CAGR of 4.1% from 2024 to 2032. Prime Determinants of Growth Rapid urbanization in emerging economies is leading to an increase in demand for residential, commercial, and industrial buildings, which utilize steel structures due to their strength, durability, and flexibility in design. Moreover, major infrastructure projects, including bridges, airports, and highways, rely heavily on steel structures, thereby driving the of the market growth. Request PDF Sample Copy
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