EINPresswire/ -- Allied Market Research published a report, titled, "Curved steel Market By method (Induction bending, Rotary draw & compression bending, Cold Bending, point bending & GAG pressing and Others), by Application (Bridges & ports, Underground construction, Stadium and arenas, Commercial buildings, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the curved steel market valued for $3.8 billion in 2022 and is estimated to reach $5.7 billion by 2032, exhibiting a CAGR of 4.2% from 2023 to 2032.

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Prime determinants of growth

The global curved steel market is driven by factors such as an increasing demand from the construction industry, as more architects are designing structures that incorporate curved steel sections whether they be angles, bars, beams, channels, tees, pipe, or tube. In addition, increased construction on bridges and ports will further boost the demand for curved steel. However, fluctuating prices of raw material will hinder the market growth.

According to a new report published by Allied Market Research, titled, “Curved Steel Market," The curved steel market was valued at $3.8 billion in 2022, and is estimated to reach $5.7 billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032.

The global curved steel market is driven by factors such as an increasing demand from the construction industry, as more architects are designing structures that incorporate curved steel sections whether they be angles, bars, beams, channels, tees, pipe, or tube. In addition, increased construction on bridges and ports will further boost the demand for curved steel. However, fluctuating prices of raw material will hinder the market growth.

Curved steel is a remarkable architectural and engineering innovation that has transformed the world of construction. Its ability to seamlessly blend form and function has opened up a realm of design possibilities previously unattainable. Whether used in the sweeping curves of modern bridges or the elegant arcs of futuristic skyscrapers, curved steel adds a dynamic and visually captivating dimension to structures. Its strength and malleability allow architects to envision buildings that defy conventional geometry, creating iconic landmarks that captivate the imagination. As curved steel continues to evolve, it not only pushes the boundaries of design but also contributes to the sustainability of construction through its efficiency in material usage, making it an essential element in the future of architectural excellence.

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Beyond its architectural prowess, curved steel also finds itself at the heart of the industrial world, playing a pivotal role in manufacturing and production processes. Curved steel pipes and tubes are crucial components in the oil and gas industry, where they navigate the subterranean depths, deftly following the contours of the earth to transport vital resources. These curved steel elements are also integral to the automotive sector, where they shape the chassis of high-performance vehicles, enhancing both safety and aesthetics.

Key Benefits for Stakeholders:

►This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the curved steel market analysis from 2022 to 2032 to identify the prevailing curved steel market opportunities.

►The market research is offered along with information related to key drivers, restraints, and opportunities.

►Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

►In-depth analysis of the curved steel market segmentation assists to determine the prevailing market opportunities.

►Major countries in each region are mapped according to their revenue contribution to the global market.

► Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

► The report includes the analysis of the regional as well as global curved steel market trends, key players, market segments, application areas, and market growth strategies.

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Key Market Players:

► ESKATE
► GERDAU S/A
► OUTOKUMPU
► ACERINOX
► FUSTEEL CO., LTD.
► ALBINA CO., INC.
► UNION STEEL STRUCTURE MATERIAL CO., LTD.
► CHICAGO METAL ROLLED PRODUCTS
► BARNSHAWS
► HUTA POKÓJ S.A

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