Curved Steel Market Expected to Reach $5.7 Billion by 2032—Allied Market Research

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.

Curved steel beams are an essential component in the construction industry. They have a wide range of uses, including the construction of bridges, building frames, and architectural design. These beams are made by bending structural steel sections or steel plates to the necessary curve. There are many vendors and manufacturers that offer curved steel beams for sale, so choosing the best one can be difficult. Curved steel beams offer several benefits over straight beams in the construction industry. 

Curved steel beams add an aesthetically pleasing look to any construction project. They offer a distinctive architectural style that improves the building's overall appeal. In contrast to straight beams, which lack movement, softness, and grace, curves give these qualities. When used with lighting, the curvature can produce interesting visual effects as well.

Curved steel beams offer high structural strength, making them ideal for use in building frames and bridges. Owing to the beam's curvature, the load is distributed more uniformly, which reduces stress accumulations in vulnerable places. Curved steel beams may withstand greater weight than straight beams due to the enhanced strength. In addition, as curved beams are more resistant to buckling and bending, they are less prone to break under severe loads.

Curved steel beams can be used in a wide range of applications, including curved walls, arches, and domes. They offer design flexibility, enabling customization to satisfy particular project requirements. In addition, more organic and fluid designs that are challenging to accomplish with straight beams can be accomplished using curved steel beams. Steel beams that are curved require fewer welds than straight beams, which lowers the overall welding cost and construction time. A structure is more dependable and safer when there are fewer welds since there are fewer possible sources of failure.

The curved shape of steel beams can help improve acoustics in buildings. The curvature can help to deflect sound waves and reduce echoes, resulting in a more comfortable and quieter environment. Curved steel beams are typically fabricated to the exact dimensions required for the project, resulting in less material waste compared to straight beams. This can be especially important for large projects where waste reduction can result in significant cost savings.

Increased traffic caused by a surge in the number of vehicles on the road fosters the need for bridges. By 2040, the World Economic Forum estimates that there can be 2 billion cars on the road worldwide. Owing to increased government initiatives, investments, and economic growth in both developed and developing economies, it is anticipated that the worldwide bridge construction industry would experience rapid expansion. The G20-initiated worldwide Infrastructure Hub collaborates with both the public and commercial sectors on a worldwide scale to improve the quantity and quality of infrastructure projects.

The surge in bridge construction is anticipated to be fueled by the rise in urbanization and technological advancements such as the Geosynthetic Reinforced Soil-Integrated Bridge System (GRS-IBS). The time and expense associated with building bridges are intended to be decreased by these new technologies. This is projected to increase the demand for curved steel. In addition, the urban population is projected to rise by 2050; thereby, fueling the demand for bridge construction for transport infrastructure in the near future.  Furthermore, increased focus on public-private partnerships for infrastructure development offers lucrative growth opportunities for the market players during the forecast period.

The curved steel market is segmented into method, application, and region. By method, it is classified into induction bending, rotary draw & compression bending, cold bending, point bending & GAG pressing, and others. By application, the market is categorized into bridges & ports, underground construction, stadiums & arenas, commercial building, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA

The major players operating in the global curved steel market include Eskate, Gerdau S/A, Outokumpu, Acerinox, FUSTEEL CO.,LTD., Albina Co., Inc., Union Steel Structure Material Co., Ltd., Chicago metal rolled products, BARNSHAWS, and HUTA POKOJ S.A.

Key Findings Of The Study:

• On the basis of the method, the rotary draw and compression bending segment is expected to grow at a CAGR of 4.4% and has garnered more than two-fifth of the market in terms of revenue, during the forecast period.
• Depending on the application, the stadium and arenas segment is expected to grow at a CAGR of 4.5%, in terms of revenue, during the forecast period.
• Region-wise, Asia-Pacific garnered more than two-fifth of the market share in 2022 in terms of revenue.