Smart Security Systems Is Fastest Growing Segment Fueling The Growth Of Structural Steel Market
Structural Steel Market The Global Structural Steel Market is estimated to be valued at US$ 82.4 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Structural steel is used in the construction of bridges, buildings, houses and other structures to carry and transfer loads of weight to load bearing foundations. It offers advantages like high strength, corrosion resistance, formability and recyclability. Growing demand for safe and secure infrastructure is driving the need for structural steel in construction. Market key trends: One of the key trends in the structural steel market is the use of advanced analytical tools to optimize structural design and minimize material requirements. Software tools implementing finite element analysis (FEA), computational fluid dynamics (CFD) and real-time simulations are being used at the design stage to visualize load tr...