How fast is the North American structural steel market expected to grow?

The market is projected to expand at a 4.8% CAGR from 2026 to 2035, increasing from approximately $24.91 billion in 2025 to nearly $39.81 billion by 2035. The market is estimated at $26.11 billion in 2026.

What are the major factors driving structural steel demand in North America?

Infrastructure investment, industrial expansion and commercial construction are expected to remain the primary growth drivers. Spending on aging bridges, highways and public transportation, along with rapid development of data centers, warehouses and other large facilities, is creating additional demand for structural steel.

Which structural steel products held the largest market shares in 2025?

High sectional steel and rebar were the leading product categories, with each accounting for 38% of the North American structural steel market. Light sectional steel represented the remaining 24%.

North American Structural Steel Market Set for Robust Growth Through 2035

Steel News | 2026-08-11 12:18:42

According to the findings of the report, the market was valued at about $24.91 billion in 2025 and is projected to reach nearly $39.81 billion by 2035, expanding at a compound annual growth rate (CAGR) of 4.8% between 2026 and 2035.

By Paul Ploumis

Summary

Steady market growth expected: The North American structural steel market is projected to grow from $24.91 billion in 2025 to $39.81 billion by 2035, registering a 4.8% CAGR.
Infrastructure and construction drive demand: Investments in bridges, highways, public transportation, data centers, warehouses and other large facilities are expected to boost structural steel consumption.
Non-residential construction dominates: The non-residential segment accounted for 69% of the market in 2025, while high sectional steel and rebar each held a 38% product share.

North American Structural Steel Market Set for Steady Growth Through 2035

Infrastructure spending and commercial construction are projected to push the market from $24.91 billion in 2025 to nearly $39.81 billion by 2035, according to Precedence Research.

WHAT READERS SHOULD KNOW

The market was valued at about $24.91 billion in 2025 and is estimated to reach $26.11 billion in 2026.
Precedence Research projects the market to reach nearly $39.81 billion by 2035, a 4.8% CAGR from 2026 to 2035.
High sectional steel and rebar each held a 38% product share in 2025; light sectional steel held 24%.
Non-residential construction accounted for 69% of applications, versus 31% for residential.
Growth is tied to infrastructure upgrades, industrial expansion, and demand for large commercial facilities.
Nucor, Steel Dynamics, ArcelorMittal, Gerdau North America, and Reliance Steel & Aluminum lead the sector.

MONTREAL (Scrap Monster): The North American structural steel market is expected to maintain steady growth over the next decade, according to a recent market research report by Precedence Research. Ongoing infrastructure upgrades, industrial expansion, and rising demand for large commercial facilities are likely to support that growth, the report noted.

Market Size and Growth Outlook

The market was valued at about $24.91 billion in 2025 and is projected to reach nearly $39.81 billion by 2035, expanding at a compound annual growth rate (CAGR) of 4.8% between 2026 and 2035. The market is estimated to reach $26.11 billion in 2026.

Why Structural Steel Demand Is Rising

The report identifies public spending on aging infrastructure as a key driver of the projected market growth. Fresh investments in bridges, highways, and public transportation are creating new demand for durable steel structures.

The rapid construction of data centers, warehouses, and other large buildings is also boosting steel consumption.

Product Mix: Sectional Steel and Rebar Lead

By product, high sectional steel and rebar each accounted for 38% of the market in 2025, while light sectional steel held a 24% share.

Non-Residential Construction Drives Demand

The non-residential sector dominated applications with a 69% share, compared with 31% for residential construction.

Leading Producers in the Market

Leading companies in the sector include Nucor, Steel Dynamics, ArcelorMittal, Gerdau North America, and Reliance Steel & Aluminum, the report said.

Frequently Asked Questions

How fast is the North American structural steel market expected to grow?
The market is projected to expand at a 4.8% CAGR from 2026 to 2035, increasing from approximately $24.91 billion in 2025 to nearly $39.81 billion by 2035. The market is estimated at $26.11 billion in 2026.
What are the major factors driving structural steel demand in North America?
Infrastructure investment, industrial expansion and commercial construction are expected to remain the primary growth drivers. Spending on aging bridges, highways and public transportation, along with rapid development of data centers, warehouses and other large facilities, is creating additional demand for structural steel.
Which structural steel products held the largest market shares in 2025?
High sectional steel and rebar were the leading product categories, with each accounting for 38% of the North American structural steel market. Light sectional steel represented the remaining 24%.