Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Steel Grating Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.90% during the review period (2022 to 2027).
Steel Grating Market Overview
Steel grating is a regular structured multifariousness of analogous, elongated, and resemblant rudiments. It generally comprises one set of extended rudiments. Use of sword grating depends on cargo that it conditions to bear. It's extensively enforced in multitudinous operations, owing to its benefits similar as erosion resistance and low conservation demand. Steel grating is used for stair treads, manhole covers, and banisters in several diligence. Steel grating is substantially driven by demand from end use diligence similar as food processing, medicinals, chemical, sword, oil painting & gas, electric power, wastewater treatment, and civil engineering. Steel grating is considerably used in these diligence to make stair treads, platforms, walkways, drainage covers, and fosse covers. Increase in demand for sword grating in end- use diligence are attributed to physical parcels similar as high bearing capacity, descent- proofing, ease of obsession and dismantling,anti-deformation, ventilation and penetration of light, ease of cleaning, cost effective, and continuity. These features are anticipated to drive the global sword grating request growth during the cast period. Still, factors similar as emigration of carbon during the product of sword grating and growing demand for FRP grating, owing to its featherlight are anticipated to hamper growth of the global sword grating request. In addition, rapid-fire industrialization across developing husbandry similar as China and India along with advanced safety enterprises are anticipated to give economic openings for the worldwide sword grating request to grow in the future.
Industry News and Updates
Feb. 3, 2022 : Nucor has completed its acquisition of California Steel Industries.--
Nucor Corporation (NYSE: NUE) announced the successful completion of its acquisition of a majority ownership stake in California Steel Industries, Inc. (CSI) by purchasing a 50% equity interest from a subsidiary of Vale S.A. (Vale) for $400 million in cash, adjusted for net debt and working capital at closing, as well as a 1% equity ownership stake from JFE Steel Corporation (JFE).
Steel Grating Market Trends
There's presently a considerable rise in the employment of sword gratings in the construction of platforms, drainage and fosse covers. This, along with rapid-fire industrialization across the globe, represents one of the crucial factors driving the request. also, governments of several countries, especially in developing husbandry, are considerably investing in structure development, which is appreciatively impacting the request. In addition, the adding application of sword gratings in wastewater treatment shops to repel sharp and high- humidity surroundings is contributing to the growth of the request. Besides this, they're extensively used in drilling platforms to explore coastal oil painting and natural gas coffers due to their high bearing capacity and explosion- evidence andnon-slip parcels. also, a rising number of walkways for climbers, physically challenged and old age people, and children to walk freely and safely on roads and auditoriums is stimulating the request growth. likewise, crucial request players are offering colorful customizations like accessories and fabrications of grating products to end druggies, which is projected to bolster the growth of the request.
What are the major Applications, Types, and Regions for the Steel Grating Market?
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
- Stainless Steel Grating
- Carbon Steel Grating
By Application, it is segmented into
- Architecture
- Sewage Disposal
- Petrochemical
- Others
Steel Grating Market Regional Analysis
Asia- Pacific reckoned for the major share in 2019. numerous manufacturers are looking to invest in this region to expand their request share due to the region's growing industrialisation and rising demand. As a result, increased investment in the region for the creation of colorful diligence is anticipated to boost demand for sword grating throughout the cast period. Rapid profitable growth in nations like India and China is anticipated to contribute significantly to the sword grating request's favourable outlook over the cast period.
North America
Metal gratings are considerably used in construction conditioning of domestic and marketable structures, which is anticipated to propel the growth of the North American request. Among the top metropolitan metropolises, the growth of the construction assiduity in 2019 increased by 17 in Oklahoma City, 15 in Las Vegas, 15 in Hartford, and by 14 in Houston. In addition, the construction ofnon-residential structures increased by 4 in 2018, while domestic structures increased by 6 owing to the increase in single- family residences by 9 in 2019. These factors is anticipated to produce instigation for the growth of the essence grating request in the region due to its high operation in rail, graduations, and other constructional structures.
Europe
The European region is anticipated to be the fastest request in terms of growth during the cast period. The development of wastewater operation shops and an increase in the development of chemical diligence are the major factors driving the essence grating request growth in the region.
Asia- Pacific
Held the largest request share, over 35, in 2019 and is projected to retain its dominance during the cast period. This is primarily due to the high demand for essence grating in the manufacturing diligence of chemical, oil painting & gas, power shops, and chemical and other processing diligence. The expansive use of ground flooring, fosse covers, walkways, ramps, platforms, catwalks, and mezzanine bottoms among others in the diligence is propelling the growth of essence grates in the region
Latin America
fairly small but fleetly expanding chemical assiduity and other manufacturing diligence similar as food processing, oil painting equipages, and others are anticipated to boost the request growth for the essence grating request in the region.
Middle East & Africa
This region has invested in its oil painting & gas diligence over the times and has a vast growth eventuality, which is anticipated to impact the global essence gratings request size. Saudi Arabia has continued its diversification in the downstream sector, while the UAE, Iraq, and Iran has developed the upstream sector. Some of the systems similar as Zubair Oil Field with over USD 18 billion investment in Iraq, South Pars Phases 13- 14 in Iran, Kish Gas Field in Iran, and development of the Petro Rabigh Integrated Refinery & Petrochemical Complex in Saudi Arabia are a major some of the major constructional developments which is anticipated to boost the essence grating request size in the review
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Steel Grating Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 7.90% over the forecast period (2022-2027)
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By Type
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- Stainless Steel Grating
- Carbon Steel Grating
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By Application
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- Architecture
- Sewage Disposal
- Petrochemical
- Others
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By Companies
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AMICO, Nucor, Webforge, Harsco (IKG), NJMM, Xinxing Ductile Iron Pipes, Yantai Xinke, P&R Metals, Meiser, Ohio Gratings, Interstate Gratings, Grating Pacific, Lionweld Kennedy, Marco Specialty, Ningbo Lihongyuan, Sinosteel, Beijing Dahe, Nepean, Yantai Wa
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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137
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Steel Grating Report
- Evaluate Steel Grating market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.
- Get a quick outlook on the Steel Grating market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Steel Grating Market is studied from 2017 - 2027.
What is the growth rate of the Steel Grating Market?
The Steel Grating Market is growing at a CAGR of 7.90% over the next 5 years.
Who are the key players in Steel Grating Market?
AMICO, Nucor, Webforge, Harsco (IKG), NJMM, Xinxing Ductile Iron Pipes, Yantai Xinke, P&R Metals, Meiser, Ohio Gratings, Interstate Gratings, Grating Pacific, Lionweld Kennedy, Marco Specialty, Ningbo Lihongyuan, Sinosteel, Beijing Dahe, Nepean, Yantai Wa
What regions does this Steel Grating Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Steel Grating Market?
Stainless Steel Grating, Carbon Steel Grating
What are the major end-use applications of Steel Grating Market?
Architecture, Sewage Disposal, Petrochemical, Others
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
