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2020

U.s. Steel Grating Market

U.S. Steel Grating Market Size, Share, Competitive Landscape and Trend Analysis Report 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

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Author's: Anil Chaudhary| Pratik Mandon and | Eswara Prasad
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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.

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

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.

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.

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.

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.

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.

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.

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.

U.S. Steel Grating Market Report Highlights

Aspects Details
U.S. Steel Grating Market By Material
By Material
  • Stainless Steel Grating
  • Carbon Steel Grating
  • Aluminum Steel Grating
U.S. Steel Grating Market By Surface Type
By Surface Type
  • Plain Steel Grating
  • Serrated Steel Grating
U.S. Steel Grating Market By Fabrication
By Fabrication
  • Welded Steel Grating
  • Swage Locked Grating
  • Press Locked Grating
  • Riveted Grating
  • Close Mesh Steel Grating
U.S. Steel Grating Market By Application
By Application
  • Stair Treads
  • Walkways
  • Platforms
  • Security Fence
  • Drainage Covers
  • Trench Covers
  • Others
U.S. Steel Grating Market By End Use Industry
By End Use Industry
  • Food Processing
  • Pharmaceuticals
  • Cement
  • Steel
  • Chemical
  • Papermaking
  • Oil & Gas
  • Electric Power
  • Mining
  • Marine
  • Wastewater Treatment
  • Civil Engineering
  • Others
Key Market Players
Key Market Players

IKG, LICHTGITTER GMBH, FARWEST STEEL CORPORATION, P&R METALS INC., MCNICHOLS CO. INC., EATON CORPORATION PLC, INDIANA GRATINGS INC., INTERSTATE GRATINGS LLC, GRATING PACIFIC INC., VALMONT INDUSTRIES INC., NUCOR CORPORATION

Analyst Review

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.

Author Name(s) : Anil Chaudhary| Pratik Mandon and | Eswara Prasad
Frequently Asked Questions?

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.

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.

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.

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

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

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

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.

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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U.s. Steel Grating Market