The architectural and structural metals market size is expected to see strong growth in the next few years. It will grow to $774.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to sustainable construction practices, renewable energy projects, smart building technologies, global urbanization trends, infrastructure resilience and upgrades.. Major trends in the forecast period include focus on building information modeling (bim), energy-efficient building envelopes, urbanization and infrastructure development, use of recycled and upcycled metals, global architectural trends influence..
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Segmentation & Regional Insights
The architectural and structural metals market covered in this report is segmented –
1) By Type: Plate Work And Fabricated Structural Products, Ornamental And Architectural Metal Products
2) By Application: Construction, Manufacturing, Other Applications
North America was the largest region in the architectural and structural metals market in 2023. The regions covered in the architectural and structural metals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing construction industry is expected to propel the growth of the architectural and structural metals market going forward. Construction is the process of creating, modifying, repairing, remodeling, or destroying an infrastructure facility. It also refers to the act of making or creating something. The construction industry requires architectural and structural metals to create impressive and long-lasting buildings because they are resistant to corrosion, ductile, and lightweight, so a growing construction industry will propel market growth. For instance, in 2021, according to Oxford Economics, a global provider of economic forecasting and analysis, global construction output grew by 6.6%. The world construction output is anticipated to increase by 35% from the current decade to 2030 when it is expected to reach a cumulative amount of $135 trillion. Therefore, this is driving the architectural and structural metals market.
Key Industry Players
Major companies operating in the architectural and structural metals market are developing innovative products such as galvalume material steels to meet larger customer bases, more sales, and increase revenue. Galvalume is a type of steel that is coated with a combination of aluminum and zinc. For instance, in October 2023, United States Steel Corporation, a US-based steel producer, together with DuPont de Nemours Inc., a US-based chemical company, launched COASTALUME, engineered and guaranteed for use in coastal settings. The distinctive feature of the new COASTALUME product lies in its fusion of the robust and self-healing attributes of U. S. Steel’s GALVALUME material with the DuPontTM Tedlar PVF film barrier. This innovative combination withstands saltwater corrosion, UV damage, cracking, impacts, and more. U. S. Steel and DuPont, by introducing this novel pairing, have created a maintenance-free roofing solution that delivers an unparalleled level of durability and reliability crucial for residential and commercial construction in coastal areas. The Tedlar film, applied directly to the steel coil, excels in resisting seawater and salt spray, ensuring color integrity even during extended exposure to the sun.
The architectural and structural metals market report table of contents includes:
1. Executive Summary
2. Architectural And Structural Metals Market Characteristics
3. Architectural And Structural Metals Market Trends And Strategies
4. Architectural And Structural Metals Market – Macro Economic Scenario
5. Global Architectural And Structural Metals Market Size and Growth
…………………….
31. Global Architectural And Structural Metals Market Competitive Benchmarking
32. Global Architectural And Structural Metals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Architectural And Structural Metals Market
34. Architectural And Structural Metals Market Future Outlook and Potential Analysis
35. Appendix
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