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U.S. Steel Grating Market by Material Type (Stainless Steel Grating, Carbon Steel Grating, and Aluminum Steel Grating), Surface Type (Plain Steel Grating and Serrated Steel Grating), Fabrication (Welded Steel Grating, Swage Locked Grating, Press Locked Grating, Riveted Grating, and Close Mesh Steel Grating), Application (Stair Treads, Walkways, Platforms, Security Fence, Drainage Covers, Trench Covers, and Others), and End-Use Industry (Food Processing, Pharmaceuticals, Cement, Steel, Chemical, Papermaking, Oil & Gas, Electric Power, Mining, Marine, Wastewater Treatment, Civil Engineering, and Others): Country Opportunity Analysis and Industry Forecast, 2020-2027

A07960
Pages: 138
Nov 2020 | 403 Views
 
Author(s) : Anil Chaudhary, Pratik Mandon and , Eswara Prasad
Tables: 44
Charts: 25
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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U.S. Steel Grating Market Outlook - 2027

The U.S. steel grating market was valued at $25.0 billion in 2019, and is projected to reach $33.2 billion by 2027, growing at a CAGR of 3.7% from 2020 to 2027.

Due to the COVID-19 outbreak, industrial manufacturing activities have been hampered across the U.S. Steel grating are widely used in chemical, automotive, and construction industry.

Steel grating is a regular shaped assortment of similar, elongated, and parallel elements. It usually comprises one set of extended elements. The usage of steel grating depends on the load that it needs to bear. It is extensively implemented in numerous applications, owing to its benefits such as corrosion resistance and low maintenance requirement. Steel grating is used for stair treads, manhole covers, and handrails in various industries.

us-Steel-Grating-Market-2020-2027

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The U.S. steel grating market is primarily driven by demand from end-use industries such as food processing, pharmaceuticals, chemical, steel, oil & gas, electric power, wastewater treatment, and civil engineering has been surged significantly. Steel gratings are widely used in these industries for making stair treads, platforms, walkways, drainage covers, and trench covers. The surge in demand for steel grating in end-use industries are due to physical properties such as high bearing capacity, skid-proof, ease of fixation and dismantling, anti-deformation, ventilation and penetration of light, ease of cleaning, cost effective, and durability. These factors are expected to drive the U.S. steel grating market growth during the forecast period.

However, factors such as emission of carbon during the production of steel grating and growing demand for FRP grating due to its lightweight are expected to hinder the growth of the U.S. steel grating market. In addition, installation of new manufacturing facilities by major players of oil & gas, chemical, steel & construction industry, pharmaceutical, and electric power industry across West, Mid-West, and Mid-Atlantic regions across the U.S. This is expected to provide lucrative opportunities for the U.S. steel grating market to grow in the near future.

The U.S. steel grating market size is segmented on the basis of material type, surface type, fabrication, application, and end-use industry. Based on material type, the U.S. steel grating market is segmented into stainless steel grating, carbon steel grating, and aluminum steel grating. Based on surface type, it is divided into plain steel grating and serrated steel grating. Based on fabrication, it is segmented into welded steel grating, swage locked grating, press locked grating, riveted grating, and close mesh steel grating. On the basis of application, the market is segmented into stair treads, walkways, platforms, security fence, drainage covers, trench covers, and others. The end-use industries of steel grating include food processing, pharmaceuticals, cement, steel, chemical, papermaking, oil & gas, electric power, mining, marine, wastewater treatment, civil engineering, and others. Region wise, the U.S. steel grating market is segmented into New England, Mid Atlantic, South, Mid-West, South West, and West. 

The major key players operating in the U.S. steel grating market include Eaton Corporation, Farwest Steel Corporation, Grating Pacific Inc., IKG, Indiana Gratings Inc., Interstate Gratings LLC, Mcnichols Co. Inc., Nucor Corporation, P&R Metals, Lichtgitter GmbH, and Valmont Industries Inc. These major key players adopt strategies, such as acquisition to stay competitive in the U.S. steel grating market.

U.S. Steel Grating Market
By Material Type

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Carbon Steel Grating is projected as the most lucrative segment.

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U.S. Steel Grating Market, By Material Type

The carbon steel grating segment accounted for the major share in 2019. Due to rising population and growing real-estate industry the need for trench and drainage cover to drain water and block wastes in has become an important requirement. This fuels the demand for steel gratings across the U.S. Furthermore, increased U.S. government initiatives to strengthen the civic system drives the growth of the market. In addition, aging civic infrastructure in the country is expected to drive the need for expansion or up-gradation of the existing facilities, which is further expected to boost the market growth over the coming years.

U.S. Steel Grating Market
By Fabrication

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Welded Steel Grating is projected as the most lucrative segment.

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U.S. Steel Grating Market, By Fabrication

The welded steel grating segment accounted for the major share in 2019. Owing to rapid industrialization and urbanization the demand for welded steel grating has been surged significantly across the U.S. The growing food processing, chemical, oil & gas, and steel industries has led to surge in demand for welded steel gratings to be used as walkways. In addition, growing construction industry (residential and non-residential) has increased the demand for welded steel gratings to be used as security fences. Furthermore, government investment in the development of aging civic systems infrastructure has considerably increased the demand for welded steel grating to be used in the manufacturing of drainage cover used for draining. These factors are anticipated to drive the growth of steel grating market in the U.S. during the forecast period.

U.S. Steel Grating Market
By Surface Type

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Serrated Steel Grating is projected as the most lucrative segment.

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U.S. Steel Grating Market, By Surface Type

The serrated steel grating segment accounted for the major share in 2019. Serrated steel grating can be used in the balcony to prevent people from slipping down and can be installed on the stair treads to secure people's safe. It is extensively used in construction activities of residential and commercial buildings, which is expected to propel the growth of the U.S. steel grating market. According to the FMI U.S. and Canada construction outlooks 2019, the growth of the construction industry (residential and non-residential) in 2018 increased by 5.2%. Growth of the construction industry is expected to create momentum for the growth of the steel grating market in the country due to its high usage in constructional structures. 

U.S. Steel Grating Market
By Application

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Walkways is projected as the most lucrative segment.

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U.S. Steel Grating Market, By Application

The walkways segment accounted for the major share in 2019. Due to rapid industrialization across the U.S., the demand for walkways has been surged significantly across various industries such as automotive, cement, chemical, mining, and oil & gas for workers and equipment to move freely without any obstacle. In addition, due to rapid urbanization across the U.S. the demand for walkways has been surged significantly across the country for pedestrian, physically challenged people, old age people, and children to walk freely and safely on roads and gardens overcoming the obstacles. These factors are likely to surge the demand for walkways across the U.S. during the forecast period.

U.S. Steel Grating Market
By End-Use Industry

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Oil & Gas is projected as the most lucrative segment.

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U.S. Steel Grating Market, By End-Use Industry

Based on end-use industry, the oil & gas segment accounted for the major U.S. steel grating market share in 2019. According to the U.S. Energy Information Administration, total number of operating oil refineries in 2020 are 131 as compared to 137 oil refineries in 2015; thereby, registering a decline in oil refining capacity by 4.4%. Due to decline in number of oil refineries across the U.S., the demand for steel grating from oil producing companies is expected to decline. However, surge in offshore oil & gas exploration activities from major oil producing companies of the U.S. has led to set up of new oil rigs in the ocean. Due to this, the demand for steel grating to be used as platforms, stair treads, and walkways is anticipated to surge during the forecast period.

U.S. Steel Grating Market
By Region

2027
Southwest 
New England
Mid-atlantic
South
Mid-west
West

West would exhibit an CAGR of 4.6% during 2020-2027.

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COVID-19 Analysis:

  • The demand for steel grating is likely to experience a downfall during the COVID-19 pandemic as manufacturing and industrial activities across the U.S. has been halted due to disrupted supply of raw materials amid shutdown declared by the U.S. government to prevent the transmission of corona virus.
  • Steel is the raw material used in the manufacturing of steel grating. According to the world steel association, The U.S. produced 7.2 Mt of crude steel in March 2020, a decrease of 6.0% compared to March 2019. The decline in production of steel is amid shutdown due to outbreak of COVID-19 pandemic across the U.S.
  • Decline in production of steel has resulted in downfall of production of steel grating in the U.S.
  • Steel prices have been declined in the U.S. as demand decreased due to shut down amid COVID-19 pandemic. The decreased price of steel is likely to affect the pricing of steel grating negatively till the government lift up the lockdown and starts the industrial activities.

Key benefits for stakeholders

  • The U.S. steel grating market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides in-depth analysis of the U.S. steel grating market forecast for the period 2020-2027.
  • The report outlines the current U.S. steel grating market trends and future scenario of the global U.S. steel grating market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets. 
  • Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.

Key market segments

By Material Type

  • Stainless Steel Grating
  • Carbon Steel Grating
  • Aluminum Steel Grating

By Fabrication

  • Welded Steel Grating
  • Swage Locked Grating
  • Press Locked Grating
  • Riveted Grating
  • Close Mesh Steel Grating

By Surface Type

  • Plain Steel Grating
  • Serrated Steel Grating

By Application

  • Stair Treads
  • Walkways
  • Platforms
  • Security Fence
  • Drainage Covers
  • Trench Covers
  • Others

By End-Use Industry

  • Food Processing
  • Pharmaceuticals
  • Cement
  • Steel
  • Chemical
  • Papermaking
  • Oil & Gas
  • Electric Power
  • Mining
  • Marine
  • Wastewater Treatment
  • Civil Engineering
  • Others

By Region

  • New England
  • Mid Atlantic
  • South
  • Mid-West
  • South West
  • West
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter’s five forces analysis
3.4.Impact of government regulations on the U.S. steel grating market
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Advancements in technology like high load capacity
3.5.1.2.Increase in demand for steel grating in the end-use industries

3.5.2.Restraint

3.5.2.1.Emission of carbon during the production of steel grating
3.5.2.2.Demand for FRP grating due to its lightweight is expected to hamper the growth during the forecast period

3.5.3.Opportunity

3.5.3.1.Installation of new manufacturing facilities

3.6.Impact of COVID-19 on the U.S. steel grating market
3.7.Pricing Analysis

CHAPTER 4:U.S. STEEL GRATING MARKET, BY MATERIAL TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Stainless steel grating

4.2.1.Key market trends, growth factors, and opportunities

4.3.Carbon steel grating

4.3.1.Key market trends, growth factors, and opportunities

4.4.Aluminum steel grating

4.4.1.Key market trends, growth factors, and opportunities

CHAPTER 5:U.S. STEEL GRATING MARKET, BY SURFACE TYPE

5.1.Overview

5.1.1.Market size and forecast

5.2.Plain steel grating

5.2.1.Key market trends, growth factors, and opportunities

5.3.Serrated steel grating

5.3.1.Key market trends, growth factors, and opportunities

CHAPTER 6:U.S. STEEL GRATING MARKET, BY FABRICATION

6.1.Overview

6.1.1.Market size and forecast

6.2.Welded steel grating

6.2.1.Key market trends, growth factors, and opportunities

6.3.Swage locked grating

6.3.1.Key market trends, growth factors, and opportunities

6.4.Press locked grating

6.4.1.Key market trends, growth factors, and opportunities

6.5.Riveted grating

6.5.1.Key market trends, growth factors, and opportunities

6.6.Close mesh steel grating

6.6.1.Key market trends, growth factors, and opportunities

CHAPTER 7:U.S. STEEL GRATING MARKET, BY APPLICATION

7.1.Overview

7.1.1.Market size and forecast

7.2.Stair treads

7.2.1.Key market trends, growth factors, and opportunities

7.3.Walkways

7.3.1.Key market trends, growth factors, and opportunities

7.4.Platforms

7.4.1.Key market trends, growth factors, and opportunities

7.5.Security fence

7.5.1.Key market trends, growth factors, and opportunities

7.6.Drainage covers

7.6.1.Key market trends, growth factors, and opportunities

7.7.Trench covers

7.7.1.Key market trends, growth factors, and opportunities

7.8.Others

7.8.1.Key market trends, growth factors, and opportunities

CHAPTER 8:U.S. STEEL GRATING MARKET, BY END-USE INDUSTRY

8.1.Overview

8.1.1.Market size and forecast

8.2.Food processing

8.2.1.Key market trends, growth factors, and opportunities

8.3.Pharmaceuticals

8.3.1.Key market trends, growth factors, and opportunities

8.4.Cement

8.4.1.Key market trends, growth factors, and opportunities

8.5.Steel

8.5.1.Key market trends, growth factors, and opportunities

8.6.Chemical

8.6.1.Key market trends, growth factors, and opportunities

8.7.Papermaking

8.7.1.Key market trends, growth factors, and opportunities

8.8.Oil & gas

8.8.1.Key market trends, growth factors, and opportunities

8.9.Electric power

8.9.1.Key market trends, growth factors, and opportunities

8.10.Mining

8.10.1.Key market trends, growth factors, and opportunities

8.11.Marine

8.11.1.Key market trends, growth factors, and opportunities

8.12.Wastewater treatment

8.12.1.Key market trends, growth factors, and opportunities

8.13.Civil engineering

8.13.1.Key market trends, growth factors, and opportunities

8.14.Others

8.14.1.Key market trends, growth factors, and opportunities

CHAPTER 9:U.S. STEEL GRATING MARKET, BY REGION

9.1.Overview

9.1.1.Market size and forecast, by region

CHAPTER 10:COMPETITIVE LANDSCAPE

10.1.Introduction
10.2.Top winning strategies
10.3.Product mapping
10.4.Competitive heatmap
10.5.Key developments

10.5.1.Key acquisition and expansion

CHAPTER 11:COMPANY PROFILES

11.1.EATON CORPORATION PLC

11.1.1.Company overview
11.1.2.Company snapshot
11.1.3.Operating business segments
11.1.4.Product portfolio
11.1.5.Business performance

11.2.FARWEST STEEL CORPORATION

11.2.1.Company overview
11.2.2.Company snapshot
11.2.3.Product portfolio
11.2.4.Key strategic moves and developments

11.3.GRATING PACIFIC INC.

11.3.1.Company overview
11.3.2.Company snapshot
11.3.3.Product portfolio

11.4.INDIANA GRATINGS INC.

11.4.1.Company overview
11.4.2.Company snapshot
11.4.3.Product portfolio

11.5.INTERSTATE GRATINGS LLC

11.5.1.Company overview
11.5.2.Company snapshot
11.5.3.Product portfolio

11.6.IKG

11.6.1.Company overview
11.6.2.Company snapshot
11.6.3.Product portfolio

11.7.LICHTGITTER GMBH

11.7.1.Company overview
11.7.2.Company snapshot
11.7.3.Product portfolio
11.7.4.Key strategic moves and developments

11.8.MCNICHOLS CO. INC.

11.8.1.Company overview
11.8.2.Company snapshot
11.8.3.Product portfolio

11.9.NUCOR CORPORATION

11.9.1.Company overview
11.9.2.Company snapshot
11.9.3.Operating business segments
11.9.4.Product portfolio
11.9.5.Business performance

11.10.P&R METALS INC.

11.10.1.Company overview
11.10.2.Company snapshot
11.10.3.Product portfolio

11.11.VALMONT INDUSTRIES INC.

11.11.1.Company overview
11.11.2.Company snapshot
11.11.3.Operating business segments
11.11.4.Product portfolio
11.11.5.Business performance

LIST OF TABLES

TABLE 01.U.S. STEEL GRATING MARKET, AVERAGE PRICING ($/TON)
TABLE 02.U.S. STEEL GRATING MARKET, BY MATERIAL TYPE, 2019-2027 (KILOTONS)
TABLE 03.U.S. STEEL GRATING MARKET, BY MATERIAL TYPE, 2019-2027 ($MILLION)
TABLE 04.U.S. STEEL GRATING MARKET, BY SURFACE TYPE, 2019-2027 (KILOTONS)
TABLE 05.U.S. STEEL GRATING MARKET, BY SURFACE TYPE, 2019-2027 ($MILLION)
TABLE 06.U.S. STEEL GRATING MARKET, BY FABRICATION, 2019-2027 (TONS)
TABLE 07.U.S. STEEL GRATING MARKET, BY FABRICATION, 2019-2027 ($MILLION)
TABLE 08.U.S. STEEL GRATING MARKET, BY APPLICATION, 2019-2027 (KILOTONS)
TABLE 09.U.S. STEEL GRATING MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 10.U.S. STEEL GRATING MARKET, BY END-USE INDUSTRY, 2019-2027 (TONS)
TABLE 11.U.S. STEEL GRATING MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 12.U.S. STEEL GRATING MARKET, BY REGION, 2019-2027 (KILOTONS)
TABLE 13.U.S. STEEL GRATING MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 14.ACQUISTION AND EXPANSION
TABLE 15.EATON: COMPANY SNAPSHOT
TABLE 16.EATON: OPERATING SEGMENTS
TABLE 17.EATON: PRODUCT PORTFOLIO
TABLE 18.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 19.FARWEST: COMPANY SNAPSHOT
TABLE 20.FARWEST: PRODUCT PORTFOLIO
TABLE 21.FARWEST: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 22.GRATING PACIFIC: COMPANY SNAPSHOT
TABLE 23.GRATING PACIFIC: PRODUCT PORTFOLIO
TABLE 24.INDIANA GRATINGS: COMPANY SNAPSHOT
TABLE 25.INDIANA GRATINGS: PRODUCT PORTFOLIO
TABLE 26.INTERSTATE GRATINGS: COMPANY SNAPSHOT
TABLE 27.INTERSTATE GRATINGS: PRODUCT PORTFOLIO
TABLE 28.IKG: COMPANY SNAPSHOT
TABLE 29.IKG: PRODUCT PORTFOLIO
TABLE 30.LICHTGITTER: COMPANY SNAPSHOT
TABLE 31.LICHTGITTER: PRODUCT PORTFOLIO
TABLE 32.LICHTGITTER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 33.MCNICHOLS: COMPANY SNAPSHOT
TABLE 34.MCNICHOLS: PRODUCT PORTFOLIO
TABLE 35.NUCOR: COMPANY SNAPSHOT
TABLE 36.NUCOR: OPERATING SEGMENTS
TABLE 37.NUCOR: PRODUCT PORTFOLIO
TABLE 38.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 39.P&R METALS: COMPANY SNAPSHOT
TABLE 40.P&R METALS: PRODUCT PORTFOLIO
TABLE 41.VALMONT: COMPANY SNAPSHOT
TABLE 42.VALMONT: OPERATING SEGMENTS
TABLE 43.VALMONT: PRODUCT PORTFOLIO
TABLE 44.OVERALL FINANCIAL STATUS ($MILLION)

LIST OF FIGURES

FIGURE 01.EXECUTIVE SUMMARY
FIGURE 02.U.S. STEEL GRATING MARKET SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKETS, BY REGION
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.HIGH BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.LOW THREAT OF SUBSTITUTES
FIGURE 08.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 09.U.S. STEEL GRATING MARKET DYNAMICS
FIGURE 10.U.S. STEEL GRATING MARKET, BY MATERIAL TYPE, 2019 VS 2027 ($MILLION)
FIGURE 11.U.S. STEEL GRATING MARKET, BY SURFACE TYPE, 2019 VS 2027 ($MILLION)
FIGURE 12.U.S. STEEL GRATING MARKET, BY FABRICATION, 2019 VS 2027 ($MILLION)
FIGURE 13.U.S. STEEL GRATING MARKET, BY APPLICATION, 2019 VS 2027 ($MILLION)
FIGURE 14.U.S. STEEL GRATING MARKET, BY END-USE INDUSTRY, 2019 VS 2027 ($MILLION)
FIGURE 15.U.S. STEEL GRATING MARKET, BY REGION, 2019 VS 2027 ($MILLION)
FIGURE 16.PRODUCT MAPPING OF KEY PLAYERS
FIGURE 17.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 18.EATON: REVENUE, 2017-2019 ($MILLION)
FIGURE 19.EATON: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 20.EATON: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 21.NUCOR: REVENUE, 2017–2019 ($MILLION)
FIGURE 22.NUCOR: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 23.VALMONT: REVENUE, 2017–2019 ($MILLION)
FIGURE 24.VALMONT: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 25.VALMONT: REVENUE SHARE BY REGION, 2019 (%)

 
 

According to the analyst, new industrial establishments in the region will increase the demand for metal grated floorings, walkways, security fences, stair treads, platforms, and drainage covers. New infrastructure projects in the region are set to play a major role in the future demand for steel gratings. The demand for steel gratings will witness significant growth in all the regions, owing to its demand in various industry verticals ranging from food processing to oil & gas. Steel gratings offer anti-corrosion and anti-slip surface as compared to concrete platforms or walkways. They help secure workers safety, ensuring smooth vehicle or machinery movement. 

However, the high cost of steel and its fabrication is expected to hamper the market growth, mainly due to the availability of fiber-reinforced plastic (FRP) gratings. FRPs have long life span, low installation cost, low maintenance, and low raw material prices. This tends to limit the U.S. steel grating market during the forecast period. 

Market players focus on developing new designs and fabrication formats to increase their product differentiation. In addition, computerized production processes help in achieving in faster product output with precision. To increase the slip resistance of the grating surface, players have developed their own coating formulations. Such innovations from the steel grating market players have the potential to offer fresh opportunities for the U.S. steel grating market growth.

 
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FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. Surge in demand for steel gratings from end-use industries such as oil & gas and pharmaceutical industries and installation of new manufacturing facilities across the U.S. are the key factors boosting the U.S. steel gratings market growth.

A. The U.S. steel grating market was valued at $24,984.3 million in 2019, and is projected to reach $33,208.4 million by 2027, growing at a CAGR of 3.7% from 2020 to 2027.

A. Top companies in the U.S. steel grating market are Eaton Corporation, Farwest Steel Corporation, Grating Pacific Inc., IKG, Indiana Gratings Inc., Interstate Gratings LLC, Mcnichols Co. Inc., Nucor Corporation, P&R Metals, Lichtgitter GmbH, and Valmont Industries Inc.

A. Pharmaceutical industry is projected to increase the demand for steel gratings market across the U.S.

A. Oil & Gas end-use industry segment accounted for the largest U.S. steel gratings market share

A. Increase in demand for steel grating in the end-use industries and advancements in technology like high load capacity are the main driver of U.S. steel gratings market

A. U.S. steel grating industry is expected to observe slow growth during the forecast period. It is due to downfall in demand for steel grating owing to halted industrial activities amid shutdown across the U.S. due to outbreak of Covid-19 pandemic.

A. The demand for steel grating across the U.S. is likely to experience a downfall during the COVID-19 pandemic as manufacturing and industrial activities across the U.S. has been halted due to disrupted supply of raw materials amid shutdown declared by the U.S. government to prevent the transmission of corona virus.

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