The Global Architectural And Structural Metals Manufacturing Market
Posted by praneeth on August 16th, 2018
Architectural and structural metals manufacturing market include establishments engaged in manufacturing metal framed windows and doors, sheet metal work, ornamental or architectural metal products, prefabricated metal buildings, and structural metal and metal plate work products.
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The global architectural and structural metals manufacturing market was valued at USD 104 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region accounting for USD 57 billion worth of the global market. The market saw a growth as urbanization spread rapidly across most parts of the world, which led to a large-scale migration from rural centers to cities. This led to high demand for physical infrastructure, which resulted in the need for wide range of services such as architectural and engineering services in order to develop residential and commercial infrastructure.
The market in the report is segmented into: plate work and fabricated structural products, ornamental and architectural metal products.
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The USA was the largest country in the architectural and structural metals manufacturing market in 2017, accounting for one-fifth of the global market share. The USA was followed by China and the UK as the next largest countries in the market.
The top five competitors in the market are: Nippon Steel & Sumitomo Metal followed by Tata Steel, Nucor, ArcelorMittal and Valmont Industries. Nippon Steel & Sumitomo Metal Corporation was formed in 2012 with the merger of Nippon Steel and Sumitomo Metal. Nippon Steel was formed in 1970 with the merger of Fuji Iron & Steel and Yawata Iron & Steel. Nippon Steel & Sumitomo Metal Corporation is the world's second largest steel producer by volume as of 2017.
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About the Authorpraneeth
Joined: June 6th, 2018
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