Product Code: ETC033421 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Qatar Cold Formed Steel market is estimated to reach US$ 9.5 Bn in 2031, registering a moderate CAGR of 6.3% over the forecast period from 2025-2031. The country has seen an increase in demand for steel due to its rapid urbanization and industrial growth over the past few years, with increasing investments from regional and international players in infrastructure development projects across Qatar. This increased demand has resulted in construction companies increasingly using cold formed steel (CFS) as a cost-effective structural material choice for their building projects due to its greater strength-to-weight ratio than that of hot rolled steel sections or beams, among other features such as excellent corrosion resistance & thermal insulation properties, light weight nature, ease of fabrication and accurate size control during manufacture. These factors are expected to drive the market throughout the forecast period.
With increasing investments from regional and international sources towards infrastructure development projects across Qatar led by government initiatives have been driving up demand for cold formed steel products within the country over recent years which is expected to continue throughout the forecast period with various developments under way including roads & highways renovation/widening work; new hotel facilities; residential complexes & industrial buildings etc., all contributing significantly towards anticipated growth of this particular segment within Qatar construction sector through 2031 and beyond.
The major challenge faced by Qatar cold formed steel market is limited availability of raw materials. Despite the government making efforts to promote the use of local materials, the lack of infrastructure for production and storage has hindered growth in this sector. Furthermore, high import costs due to taxes and other charges have made it difficult for companies operating in this space to remain competitive.
The outbreak of Covid-19 pandemic has had a severe impact on Qatar economy with a significant decline in oil prices leading to cutbacks in infrastructure projects. This has affected the growth of various industries, including that of Cold Formed Steel (CFS). The need for social distancing measures and reduced manpower have resulted into operational delays as well as labour shortages causing cost overruns and affecting progress of ongoing projects which otherwise would be key drivers for CFS industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Qatar Cold Formed Steel Market Overview |
3.1 Qatar Country Macro Economic Indicators |
3.2 Qatar Cold Formed Steel Market Revenues & Volume, 2021 & 2031F |
3.3 Qatar Cold Formed Steel Market - Industry Life Cycle |
3.4 Qatar Cold Formed Steel Market - Porter's Five Forces |
3.5 Qatar Cold Formed Steel Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Qatar Cold Formed Steel Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Qatar Cold Formed Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Qatar Cold Formed Steel Market Trends |
6 Qatar Cold Formed Steel Market, By Types |
6.1 Qatar Cold Formed Steel Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Qatar Cold Formed Steel Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Qatar Cold Formed Steel Market Revenues & Volume, By Steel Sheet, 2021-2031F |
6.1.4 Qatar Cold Formed Steel Market Revenues & Volume, By Strip, 2021-2031F |
6.1.5 Qatar Cold Formed Steel Market Revenues & Volume, By Plate, 2021-2031F |
6.1.6 Qatar Cold Formed Steel Market Revenues & Volume, By Flat Bar, 2021-2031F |
6.2 Qatar Cold Formed Steel Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Qatar Cold Formed Steel Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Qatar Cold Formed Steel Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Qatar Cold Formed Steel Market Revenues & Volume, By Appliances, 2021-2031F |
6.2.5 Qatar Cold Formed Steel Market Revenues & Volume, By Machinery Parts, 2021-2031F |
6.2.6 Qatar Cold Formed Steel Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.7 Qatar Cold Formed Steel Market Revenues & Volume, By Others, 2021-2031F |
7 Qatar Cold Formed Steel Market Import-Export Trade Statistics |
7.1 Qatar Cold Formed Steel Market Export to Major Countries |
7.2 Qatar Cold Formed Steel Market Imports from Major Countries |
8 Qatar Cold Formed Steel Market Key Performance Indicators |
9 Qatar Cold Formed Steel Market - Opportunity Assessment |
9.1 Qatar Cold Formed Steel Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Qatar Cold Formed Steel Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Qatar Cold Formed Steel Market - Competitive Landscape |
10.1 Qatar Cold Formed Steel Market Revenue Share, By Companies, 2024 |
10.2 Qatar Cold Formed Steel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |