Steel Grating Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Steel grating is a regular shaped
assortment of similar, elongated, and parallel elements. It usually comprises
one set of extended elements. However, it can also contain two sets, wherein
the subsequent set is commonly set vertically to the first. Vertical placement
of these two sets is also called grid or a mesh. Steel gratings are primarily
employed in power generation plants, buildings, and factories, as they offer
ease of movement and safety; are robust, strong, reliable, and durable; and
possess high tensile strength when compared to fiber grating and aluminum. The
usage of steel grating depends on the load that it needs to bear. It is
extensively implemented in numerous applications, owing to its many benefits
such as corrosion resistance and low maintenance requirement. Steel grating is
used for stair treads, manhole covers, and handrails in various industries.
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The global
steel grating market is expected to expand at a substantial pace in the
near future primarily due to the technological advancements and increase in
applications in end-use industries. Furthermore, expansion of the construction
sector, especially in Asia Pacific, is anticipated to drive the steel grating
market during the forecast period. High investments are being made in various
countries such as China, India, Brazil, Mexico, and Indonesia for
infrastructure development and industrial growth. This is anticipated to propel
the demand for steel grating in the near future. Emission of carbon during the
production of steel grating is a key factor expected to hamper the steel
grating market. However, this factor is likely to be offset by the increase in
demand for steel grids or mess in industrial and construction sectors.
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The steel grating market can be
segmented based on type, application, and region. In terms of type, the market
can be divided into stainless steel grating, carbon steel grating, and mild
steel grating. Based on application, the market can be classified into
construction, sewage disposal, petrochemical, and others. In terms of region,
the steel grating market can be segregated into North America, Europe, Asia
Pacific, Middle East & Africa, and Latin America. In terms of consumption,
North America dominated the global steel grating market in 2016. It was
followed by Europe. This can be primarily ascribed to the large number of
end-user industries in North America and Europe. However, the market in North
America and Europe is projected to expand at a sluggish pace during the
forecast period, as these regions are relatively mature markets. The market for
steel grating in Asia Pacific is anticipated to expand at a significant pace in
the near future owing to the presence of growing economics such as China and
India, and high demand from key markets such as South Korea and Japan.
Furthermore, technical advancements from OEMs coupled with rise in
industrialization in the region offer lucrative opportunities for the steel
grating market in Asia Pacific. The market in Latin America and Middle East
& Africa is estimated to exhibit strong growth during the forecast period.
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Key players operating in the market
include AMICO Group of Companies, Meiser GmbH, Nucor, P&R Metals Inc.,
Valmont Industries, Inc., Yantai Xinke Steel Structure Co., Ltd., Harsco
Industrial IKG, NJMM Inc., Xinxing Ductile Iron Pipes, Ohio Gratings, Marco
Specialty, and Lionweld Kennedy.
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