Dublin, Oct. 07, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Structural Steel Market Growth Analysis - Forecast Trends and Outlook (2025-2034)" report has been added to ResearchAndMarkets.com's offering.
The Saudi Arabia structural steel market is anticipated to expand at a CAGR of 4.90% between 2025 and 2034. Known for its strength and adaptability, structural steel is a cornerstone in construction. Its durability and versatility make it ideal for buildings, bridges, and industrial facilities.
Market Trends and Developments
The market is thriving due to the dynamic growth of the industrial sector, sustainable construction practices, cost efficiency, and significant investments. In October 2023, Eversendai and Algihaz Holdings launched Eversendai Algihaz Structures to tackle key structural steel ventures in Saudi Arabia. The same year, Essar introduced a $4 billion low-carbon steel plant in Ras Al-Khair.
Further governmental support is evident as the Minister of Industry and Mineral Resources emphasized revitalizing the iron and steel sector in September 2022. Other players like Trimble are modernizing steel fabrication through partnerships with Zamil Steel, showcasing continued evolution within the industry.
Industrial Sector Growth and Sustainability
Under initiatives led by the Ministry of Industry, clean and advanced manufacturing standards are being fostered. These efforts are supported by a 53.2% GDP investment, underscoring Saudi Arabia's commitment to enhancing its structural steel market through major construction projects aligned with Vision 2030.
Sustainability remains a core focus, with the market benefiting from structural steel's 93% recycled content, guaranteeing an ongoing cycle of recycling materials. This approach bolsters its environmental credentials.
Cost and Investment Benefits
Structural steel, engineered for precision, minimizes waste and labor costs, making it a cost-efficient option. Regulatory improvements have triggered a 95% surge in new investments and a 267% rise in licenses, fostering diversified growth and entrepreneurship.
Leading Market Segments
The structural steel market is segmented by product type, end-use, usage, and region. H-type beams dominate due to their load-bearing capacity, meeting large construction demands, while I-type beams are favored for their cost-effectiveness and precision.
The residential sector enjoys a significant share driven by new projects and investments, while the commercial construction industry sees rising demand for structural steel, furthering market expansion.
Competitive Landscape
The market features key players like Saudi Iron and Steel Company (HADEED), Al Ittefaq Steel Products Co, and Zamil Structural Steel Company, each contributing through diverse steel products for commercial and residential applications.
Saudi Iron and Steel Company (HADEED)
- Saudi Iron and Steel Company (HADEED), a prominent integrated steel facility situated in Al Jubail, Saudi Arabia, was established in 1979 and commenced operations in 1983. Its steel products find application in diverse commercial and residential projects nationwide.
Al Ittefaq Steel Products Co (ISPC)
- Al Ittefaq Steel Products Co (ISPC) is a significant steel manufacturer located in Saudi Arabia, specialising in a range of products such as welding electrodes, steel mesh, bolts, springs, and wires. The company, headquartered in Dammam, Saudi Arabia, also manufactures rebar coils, including standardized deformed rebar coils, serving diverse end-use sectors.
Alfanar Group
- Alfanar Group, a well-known Saudi construction firm headquartered in Riyadh, specializes in producing electrical construction components, EPC solutions, and a variety of engineered products. Operating in the Middle East, Asia, Africa, and Europe, the company serves the needs of various end-use sectors.
Zamil Structural Steel Company Limited
- Zamil Structural Steel Company Limited established in 1983, specializes in fabricating and installing structural steel and plate works for diverse industrial and commercial needs. They cater to power and desalination plants, petrochemical facilities, the oil and gas sector, cement plants, steel mills, high-rise buildings, and various industrial and commercial complexes.
Other key players in the Saudi Arabia structural steel market include Arabian Metal Product Organization, and Isam Khairi Kabbani Group among others.
Saudi Arabia Structural Steel Market by Region
Saudi Arabia structural steel market growth is predominantly led by the Northern and Capital regions. These regions have seen a surge in corporate investments for business establishment, spurred by the presence of a strategic regional development office.
The market demand in the Eastern and Western regions of Saudi Arabia is on the rise due to the expanding construction sector, infrastructure development, and business activities. Additionally, investments are increasing due to Vision 2030 initiatives.
Key Topics Covered:
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Saudi Arabia Structural Steel Market Overview
5.1 Key Industry Highlights
5.2 Saudi Arabia Structural Steel Historical Market (2018-2024)
5.3 Saudi Arabia Structural Steel Market Forecast (2025-2034)
6 Saudi Arabia Structural Steel Market by Product Type
6.1 H-Type Beam
6.2 I-Type Beam
6.3 Columns
6.4 Angles
6.5 Others
7 Saudi Arabia Structural Steel Market by End-Use
7.1 Residential
7.2 Institutional
7.3 Commercial
7.4 Manufacturing
8 Saudi Arabia Structural Steel Market by Usage
8.1 Direct End-User
8.2 EPC-Contractor
8.3 Others
9 Saudi Arabia Structural Steel Market by Region
9.1 Northern and Capital Region
9.2 Western Region
9.3 Eastern Region
9.4 Others
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter's Five Forces Analysis
11 Pricing Analysis
12 Competitive Landscape
12.1 Supplier Selection
12.2 Key Global Players
12.3 Key Regional Players
12.4 Key Player Strategies
12.5 Company Profiles
- Saudi Iron and Steel Company (HADEED)
- Al Ittefaq Steel Products Co's (ISPC)
- Alfanar Group
- Zamil Structural Steel Company Limited
- Arabian Metal Product Organization
- Isam Khairi Kabbani Group
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