June 09, 2022 07:43 ET | Source: Research and Markets Research and Markets
Dublin, June 09, 2022 (GLOBE NEWSWIRE) -- The "Steel Grating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global steel grating market reached a value of US$ 191.7 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 254.0 Billion by 2027 exhibiting a CAGR of 4.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. Steel gratings, also known as bar gratings, are open grid assemblies of metal bars that hold heavy loads with minimal weight. They offer durability, sustainability, high tensile strength, anti-deformation properties, ventilation and penetration of light, and ease of cleaning, fixation and dismantling.
As a result, they are widely used in floors, mezzanines, stair treads, fencing, and maintenance platforms of factories, workshops, motor rooms, trolley channels, boilers, and heavy equipment areas. Besides this, they find extensive applications in residential and commercial spaces as steel gratings are available in powder-coated carbon, galvanized, and stainless steel around the world. Steel Grating Market Trends:
There is currently a considerable rise in the employment of steel gratings in the construction of platforms, drainage and trench covers. This, along with rapid industrialization across the globe, represents one of the key factors driving the market. Moreover, governments of several countries, especially in developing economies, are extensively investing in infrastructure development, which is positively influencing the market.
In addition, the increasing utilization of steel gratings in wastewater treatment plants to withstand corrosive and high-moisture environments is contributing to the growth of the market. Besides this, they are widely used in drilling platforms to explore offshore oil and natural gas resources due to their high bearing capacity and explosion-proof and non-slip properties.
Additionally, a rising number of walkways for pedestrians, physically challenged and old age people, and children to walk freely and safely on roads and gardens is stimulating the market growth. Furthermore, key market players are offering various customizations like accessories and fabrications of grating products to end users, which is projected to bolster the growth of the market. Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global steel grating market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material type, fabrication, surface type, application and end use industry. Breakup by Material Type:
Breakup by End Use Industry:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alabama Metal Industries Corporation (Gibraltar Industries Inc.), IKG, Interstate Gratings LLC, Lionweld Kennedy Flooring Limited (Hill & Smith Holdings), Lichtgitter GmbH, Marco Specialty Steel Inc., Meiser GmbH, Nucor Corporation, Ohio Gratings Inc., P&R Metals Inc., Sinosteel Corporation and Valmont Industries Inc. Key Questions Answered in This Report:
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Steel Grating Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Material Type 6.1 Carbon Steel Grating 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Stainless Steel Grating 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Mild Steel Grating 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by Fabrication 7.1 Welded Steel Grating 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Swage Locked Grating 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Press Locked Grating 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Riveted Grating 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Close Mesh Steel Grating 7.5.1 Market Trends 7.5.2 Market Forecast 8 Market Breakup by Surface Type 8.1 Serrated Steel Grating 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Plain Steel Grating 8.2.1 Market Trends 8.2.2 Market Forecast 9 Market Breakup by Application 9.1 Walkways 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Stair Treads 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Platforms 9.3.1 Market Trends 9.3.2 Market Forecast 9.4 Security Fence 9.4.1 Market Trends 9.4.2 Market Forecast 9.5 Drainage Covers 9.5.1 Market Trends 9.5.2 Market Forecast 9.6 Trench Covers 9.6.1 Market Trends 9.6.2 Market Forecast 9.7 Others 9.7.1 Market Trends 9.7.2 Market Forecast 10 Market Breakup by End Use Industry 10.1 Oil and Gas 10.1.1 Market Trends 10.1.2 Market Forecast 10.2 Food Processing 10.2.1 Market Trends 10.2.2 Market Forecast 10.3 Pharmaceuticals 10.3.1 Market Trends 10.3.2 Market Forecast 10.4 Cement 10.4.1 Market Trends 10.4.2 Market Forecast 10.5 Chemical 10.5.1 Market Trends 10.5.2 Market Forecast 10.6 Mining 10.6.1 Market Trends 10.6.2 Market Forecast 10.7 Marine 10.7.1 Market Trends 10.7.2 Market Forecast 10.8 Civil Engineering 10.8.1 Market Trends 10.8.2 Market Forecast 10.9 Wastewater Treatment 10.9.1 Market Trends 10.9.2 Market Forecast 10.10 Others 10.10.1 Market Trends 10.10.2 Market Forecast 11 Market Breakup by Region
12 SWOT Analysis 13 Value Chain Analysis 14 Porters Five Forces Analysis 15 Price Analysis 16 Competitive Landscape 16.1 Market Structure 16.2 Key Players 16.3 Profiles of Key Players 16.3.1 Alabama Metal Industries Corporation (Gibraltar Industries Inc.) 16.3.1.1 Company Overview 16.3.1.2 Product Portfolio 16.3.2 IKG 16.3.2.1 Company Overview 16.3.2.2 Product Portfolio 16.3.3 Interstate Gratings LLC 16.3.3.1 Company Overview 16.3.3.2 Product Portfolio 16.3.4 Lionweld Kennedy Flooring Limited (Hill & Smith Holdings) 16.3.4.1 Company Overview 16.3.4.2 Product Portfolio 16.3.5 Lichtgitter GmbH 16.3.5.1 Company Overview 16.3.5.2 Product Portfolio 16.3.6 Marco Specialty Steel Inc. 16.3.6.1 Company Overview 16.3.6.2 Product Portfolio 16.3.7 Meiser GmbH 16.3.7.1 Company Overview 16.3.7.2 Product Portfolio 16.3.8 Nucor Corporation 16.3.8.1 Company Overview 16.3.8.2 Product Portfolio 16.3.8.3 Financials 16.3.8.4 SWOT Analysis 16.3.9 Ohio Gratings Inc. 16.3.9.1 Company Overview 16.3.9.2 Product Portfolio 16.3.10 P&R Metals Inc. 16.3.10.1 Company Overview 16.3.10.2 Product Portfolio 16.3.11 Sinosteel Corporation 16.3.11.1 Company Overview 16.3.11.2 Product Portfolio 16.3.12 Valmont Industries Inc. 16.3.12.1 Company Overview 16.3.12.2 Product Portfolio 16.3.12.3 Financials 16.3.12.4 SWOT Analysis For more information about this report visit https://www.researchandmarkets.com/r/kfb8hh