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Pune, India, October 25, 2021/PRNewswire/--According to our report on "The Steel Grating Market by 2027-Global Analysis and Forecast-By Material Type, Surface Type, Application and Geographical Location" According to the new research, the market is expected to grow from USD 77.49 billion in 2019 to USD 138.7 billion in 2027; the compound annual growth rate from 2020 to 2027 is expected to be 7.6%.

Number of charts

Material type, surface type and application

North America; Europe; Asia Pacific; Latin America; Multilateral Environmental Agreements

United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Revenue forecasts, company rankings, competitive landscape, growth factors and trends

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In 2019, Europe has an important share in the global steel grating market. Europe includes developing economies such as Germany, France, the United Kingdom, Russia and Italy. Promising growth in the aerospace, automotive and medical industries has supported the growth of the steel grating market in the region. These gratings are mainly used in industrial, residential and non-residential construction and civil engineering applications.

Increased demand in the oil and gas industry

Steel grating is a lightweight platform with anti-corrosion properties and excellent load-bearing capacity. They have non-slip and explosion-proof properties, so they are very suitable for the oil and gas industry. Therefore, steel grating platforms are widely used in drilling operations for offshore oil and natural gas resource exploration. In addition, they are also used in docks, ramps, platforms, cross platforms, trench covers, safety fences, catwalks, floors and machine guards in the oil and gas industry. Security is a key factor in this field. In addition to the oil and gas industry, steel gratings are also used as platforms, floors, and walkways in the mining industry, power plants, commercial buildings, roads and railways.

The impact of COVID-19 on the steel grating market

Due to lockdowns, travel bans and business closures, the COVID-19 pandemic has been affecting the economies and industries of various countries. The shutdown of many factories in North America, Europe, Asia Pacific, South America, the Middle East, and Africa affected the global supply chain and disrupted manufacturing processes, delivery schedules, chemicals and materials. Sales volume. As a result of this outbreak, the manufacturing industry is suffering severe disruptions such as supply chain disruptions, cancellation of technical activities and office closures. Due to strict lockdown measures, declining demand and prices for raw materials, and declining incomes in various industries, emerging economies have experienced the significant impact of the COVID-19 pandemic. Nevertheless, steel demand in these economies is expected to rebound in early 2021.

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Steel grating market: overview of market segments

According to the type of material, the steel grating market is subdivided into stainless steel grating, carbon steel grating and aluminum steel grating. The carbon steel grille market is expected to grow at the highest compound annual growth rate of 8.3% during 2020-2027. Carbon steel grille is the most widely used construction and flooring material in many industries. Lightweight carbon steel grilles are used in applications such as sidewalks, trolleys, trolleys and trolleys. According to the surface type, the steel grating market is divided into ordinary steel grating and sawtooth steel grating. The ordinary steel grating market segment dominates the market in 2019, accounting for about two-thirds of the market share. According to the application, the steel grating market is segmented into stair treads, walkways, platforms, safety fences, drainage covers, ditch covers, etc. The platform sector occupies a large share of the market. Platform steel grating is suitable for parking lots, power plants, factories, garbage treatment plants, which are used for construction and operation or parking places. Durability, low maintenance costs, corrosion resistance, rust resistance and other characteristics have promoted the demand for steel grating platforms.

Steel grating market: competitive landscape and key developments

Alabama Metal Industries Company; Grating Pacific; Interstate Grating; Kraty Mostostal Kraków SP. Zoo; Lichtgitter Co., Ltd.; Lionweld Kennedy Flooring Co., Ltd.; Polimex-Mostostal SA; Gebrüder MEISER Co., Ltd.; Nucor Corporation; Ohio Grating Company; P&R Metals, Inc.; Roto BV; Falmont Industries; Indiana Grating Company; and Marco Specialty Steel, Inc. is a major player in the global steel grating market. Major market players focus on strategies such as mergers and acquisitions and R&D to expand their geographic coverage and consumer base. For example, in February 2021, Roto BV's Staco brand SP grate type R13 obtained IFA's anti-slip grade 13 certification.

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