Hollow Structural Sections characterize as high-strength welded steel tubing are used as structural elements in buildings & other structures and various manufactured products. It is produced in square, round, and rectangular shapes and a wide range of sizes to the A1085, ASTM A500, and A1065 specifications. Key benefits of hollow structural sections are high strength-to-weight ratio, closed section and aesthetic appeal etc.
According to study, “Global Hollow Structural Sections Market By Type
(Rectangular Hollow Section, Square Hollow Section, Circular Hollow Section and
Others); By Application (Agricultural, Construction, General Engineering,
Mechanical Application and Others) and Region –Analysis of Market Size, Share
and Trends for 2014 – 2019 and Forecasts to 2030” the key
companies operating in the global hollow structural sections market are Arcelor
Mittal, Nippon Steel and Sumitomo Metal Corporation, Ansteel Group, JFE Steel
Corporation, Hebei Steel Group, Shougang Group, Baosteel Group and Tata Steel
Group.
Based on type, hollow structural sections market is segmented as
square hollow section, rectangular hollow section, circular hollow section and
others. In the rectangular hollow section, zinc-coatings cover the entire
surface. It comes in various wall heights and thicknesses and is extensively
used in the frame manufacturing, in commercial & domestic construction, in
handyman gate & posting projects where rust resistance is essential and
thus is projected to dominate the segment. Based on application, market is
segmented as grates & protection panels, storage systems, lofts for shops
& warehouses, construction of sheds & shelters, agricultural
applications and frames for the coating of building facades, roof purlins, roof
casing frames and frames for tile roofs. In addition, based on end-use
industries, market is segmented as urbanization & construction, agricultural,
mechanical application, general engineering and others. Urbanization &
construction sectors provide strong demand for long steel products such as bars
and parts, while manufacturing industry developments provide demand for flat
products like hot & cold rolled coils, which is estimated to have the
positive impact on the market share of structural steel. Thus, the construction
segment is anticipated to dominate the application segments.
Based on geography, the hollow structural sections market is
segmented as North America, Latin America, Europe, APAC, and MENA. The
Asian-Pacific region holds leading share in global market owing to growth in residential
construction worldwide due to increase in income levels and growth in
urbanization in the region. The North-American and European regions are
predicted to witness higher growth rate due to high quality of the construction
materials to create a solid building foundation during the forecast period.
For More Information, refer to below link:-
Global
Hollow Structural Sections Market
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