Structural Metal Products Market Future Prospects
The global structural metal products market size is estimated at USD 510.3 billion in 2024, which is expected to reach USD 764.0 billion by 2030, advancing at a CAGR of 7.0% during 2024–2030.
The major factors driving the industry growth include the growing building and construction industry across the world. Moreover, the demand for these products is increasing because of their physical properties such as sustainability, cost-effectiveness, and resistance to mold and pests.
However, the market expansion may be hampered by fluctuating costs and a demand–supply gap in raw materials. Furthermore, significant investments required to construct structural metal manufacturing plants present a number of obstacles for manufacturing companies. Therefore, increasing investments in regions are expected to drive the market growth over the projection period.