According to the report by Expert Market Research (EMR), the global steel grating market is projected to grow at a CAGR of 4.7% between 2024 and 2032. Aided by the increasing demand for robust and durable construction materials, the market is estimated to to reach a value of USD 328.66 billion by 2032.
Steel grating is a commonly used construction material, consisting of a series of parallel, flat bars intersected by perpendicular bars, welded or locked together to form a grid. It is widely used in industrial and architectural applications, including walkways, platforms, drainage covers, and stair treads, due to its strength, durability, and resistance to corrosion.
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Platform steel gratings are an innovative building material commonly used in the construction of boilers, power plants, shipbuilding, chemical, and petrochemical industries. Steel gratings are also popular in manufacturing vehicle parts, stair treads, and handrails across various sectors due to their low maintenance requirements. The increasing adoption of steel gratings in sectors like construction, automotive, and oil and gas is propelling the steel grating market growth.
The steel grating market expansion can be attributed to the expanding construction and infrastructure sectors, particularly in emerging economies. The increasing adoption of steel grating in various applications, such as in power plants, chemical plants, oil and gas facilities, and wastewater treatment plants, is also contributing to the market growth.
Additionally, the rising demand for sustainable and eco-friendly construction materials is fostering the development of innovative steel grating products with enhanced environmental profiles. Manufacturers are focusing on producing steel grating with recycled content and improved energy efficiency in production processes, consequently driving up the steel grating market share.
Furthermore, technological advancements in manufacturing processes, such as the integration of automation and computer-aided design (CAD) systems, are enabling more precise and efficient production of steel grating.
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The competitive landscape of the steel grating market is characterised by the presence of both global and regional players. Key players are focusing on strategic initiatives, such as mergers and acquisitions, partnerships, and expanding their product portfolios, to strengthen their market positions.
Steel Grating Market Segmentation
The market can be divided based on the product type, surface type, fabrication, application, end use, and region.
Market Breakup by Product Type
- Stainless Steel Grating
- Carbon Steel Grating
- Aluminium Steel Grating
Market Breakup by Surface Type
- Plain Steel Grating
- Serrated Steel Grating
Market Breakup by Fabrication
- Welded Steel Grating
- Swage Steel Grating
- Press Locked Grating
- Riveted Grating
- Close Mesh Steel Grating
- Others
Market Breakup by Application
- Stair Tread
- Walkways
- Platforms
- Security Fence
- Drainage Covers
- Trench Covers
- Others
Market Breakup by End Use
- Food Processing
- Pharmaceutical
- Cement
- Steel
- Chemical
- Paper Making
- Oil and Gas
- Electric Power
- Mining
- Marine
- Wastewater Treatment
- Civil Engineering
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global steel grating market. Some of the major players explored in the report by Expert Market Research are as follows:
- Alabama Metal Industries Corporation
- Anping Enzar Metal Products Co., Ltd.
- Interstate Gratings, LLC
- Lionweld Kennedy Flooring Ltd
- Ohio Gratings Inc.
- Lichtgitter GmbH
- Nucor Corporation
- Valmont Industries, Inc.
- Others
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