France Structural Steel Market Size & Outlook, 2022-2030

Residential was the largest segment with a revenue share of 59.76% in 2022. Horizon Databook has segmented the France structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.

In France, construction sector contributes nearly 5% to the country’s GDP and engages a considerable portion of the working population. France’s demographics are a growth factor for housing construction. The expanding demographics of the country contribute to the growth of housing construction sector. This is expected to drive structural steel consumption in several construction applications over the forecast period.

Several building firms in France have also positioned themselves to benefit from the major highway and housing construction program launched by Russia from 2014 to 2020. However, the current coronavirus pandemic has temporarily suspended the construction activities, thus is having a negative impact on the product demand. Residential application segment dominated the structural steel market in France, with over 57% of the revenue share in 2019.

The shift in trend toward sustainable building materials has driven the demand for lightweight products in residential applications, which is expected to reduce the overall construction costs and contribute to energy savings.