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Profiled Steel Sheet Decking Market Size, By Product (Galvanized Steel [Double Side Primer Coated, Pre-Coated Underside], Cold Rolled Steel), By Application (Decking, Flooring), By End-use (Residential, Commercial, Industrial), COVID-19 Impact Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032

  • Report ID: GMI5443
  • Published Date: Feb 2023
  • Report Format: PDF

Industry Statistics

Profiled Steel Sheet Decking Market size crossed USD 5.5 Billion in 2022 and is expected to register over 10 % CAGR from 2023 to 2032 owing to the surging product use in the expanding construction industry.

Profiled Steel Sheet Decking Market

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The global construction sector is proliferating, particularly in the Asian region, which is the primary driver for the growing product demand. Recent tech innovations and the development of new design methodologies have prompted the modification of traditional building processes to reduce construction project duration and lower construction costs in addition to competition from several manufacturers. The construction industry has witnessed an upsurge in the use of composite slabs with profiled steel decking due to their simpler, faster, lighter, and more cost-effective features in steel-framed building systems.

Fluctuating raw material prices may hinder the profiled steel sheet decking market revenue share

Instability in steel prices brought on by major geopolitical events affects raw material pricing, subsequently impacting product consumption. Similarly, the COVID-19 pandemic, the conflict in Ukraine, and possible recessions that many nations are presently experiencing are all contributing to the volatility of prices in the steel industry, which is likely to restrain the business expansion. To address this constraint, manufacturers are trying to develop innovative manufacturing techniques that can reduce production costs and lower the end product price.

Widespread use in roofing and flooring to foster galvanized steel segment development

The galvanized steel segment of the profiled steel sheet decking market is projected to record 10% growth rate during 2023 to 2032 owing to product benefits, including lighter weight, durability, and easy installation. Moreover, the widespread use of galvanized steel sheets for roofing and flooring in agricultural, industrial, commercial, and residential structures, such as warehouses, barns, and garages, is primed to support segment value.

Advantage of affordable construction in steel frames for building systems to favor the decking segment expansion

Profiled Steel Sheet Decking Market Size, By Application

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With regard to application, the decking segment is anticipated to exceed USD 10 billion by 2032. Profiled steel sheet decking offers advantages such as simple and more affordable construction in steel frames in building systems, which is forecast to accelerate product demand. Additionally, the use of a steel deck also reduces concrete thickness and reinforcing expenses. As opposed to traditional shuttering, its quick installation offers an obstruction-free construction site and enables the simultaneous conduct of other tasks, and aids in project time management, thereby propelling product uptake.

Growing inclination towards sustainable construction to fuel industrial segment growth

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of profiled steel sheet decking exceeded USD 5.5 Billion in 2022 and is estimated to grow at over 10% CAGR through 2032 driven by the increasing product use in the construction industry.

The industrial segment is likely to witness growth rate of around 10.5% from 2023 to 2032 propelled by the rising preference for sustainable construction materials to build industrial facilities.

Asia Pacific market is projected to surpass USD 7 billion by 2032 owing to the robust expansion of the Indian construction sector.

Vulcraft Group, Kingspan Group, TATA Steel, Canam Group Inc., D-MAC Industries, Inc., Marlyn Steel Decks, Inc., Nippon Steel Corporation and Emirates Building System are some of the leading enterprises operating in the global market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 354
  • Countries covered: 21
  • Pages: 228
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