Building’s Backbone Is Getting Stronger

The recovery of the construction industry in developed markets of the U.S., Germany, and U.K. is expected to foster growth for the global structural steel market. An increasing awareness among end-users due to advantages such as design flexibility, energy efficiency, and faster completion of prefabricated/engineered building projects using channels and beams is expected to drive demand.

The global structural steel market is expected to reach $140.4 billion by 2025, according to a new report by Grand View Research Inc.

For construction professionals, structural steel continues to evolve, offering new opportunities to leverage advanced materials on construction projects.

Demand in the construction industry is further driven by the adoption of advancements in structural design methods, evolving building practices, and strong raw material availability. Industrial applications are likely to generate high demand as well over the forecast period due to the governments focus on construction development such as the Smart Cities project in India.

Construction materials are becoming more sustainable and reliable. Contractors who know about the latest innovations will have an advantage on jobs.

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