Selbyville, Delaware,, March 28, 2023 (GLOBE NEWSWIRE) -- The profiled steel sheet decking market valuation is estimated to cross USD 17 billion by 2032, as reported in a research study by Global Market Insights Inc.
Optimal resource use, minimal cost, and well-organized structural systems are considered crucial components of a building. There is a growing interest in developing strategies to better understand and address the effects of building materials, as a result of which steel structures are becoming more common in the construction and residential buildings sector due to their recyclable and reusable features, as technology and economies progress towards sustainability. The demand for profiled steel sheet decking is forecast to rise owing to the emergence of steel as a primary material in civil engineering constructions through 2032.
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Based on product, the cold rolled steel segment of profiled steel sheet decking market is slated to observe nearly 10% CAGR between 2023 and 2032. Cold rolled steel has a high strength-to-cost ratio, which makes it ideal for high-stress use in high-rise buildings. Cold rolled deck steel sheet is also a steel profile with ribs and embossments that aid in the bonding with the concrete slab and together constitute a part of the floor structure. Components manufactured with cold rolled steel have a clean and bright surface that is free of corrosion and scale, which is increasing product preference.
In terms of application, the profiled steel sheet decking market from the flooring segment is projected to surpass USD 7 billion by 2032. Steel sheet decking has emerged as a versatile and sustainable flooring solution that is widely recognized for reducing onsite construction time. The growing use of steel decking solutions for the flooring system of medium- to high-rise buildings, as well as the provision of an elegant structure that provides acoustic performance, fire protection, and greater thermal mass, is predicted to contribute significantly to segment growth.
Based on end-use, the profiled steel sheet decking market from the residential segment is poised to depict more than 8.5% growth rate through 2032 impelled by the rapid shift towards green construction led by the rising necessity to conserve energy and resources while also preserving a sustainable environment. Moreover, favorable government initiatives to promote sustainable and green construction methods are expected to propel segment development.
North America profiled steel sheet decking market is set to exceed USD 3.5 billion by 2032 due to the rising demand for more housing and infrastructure. Engineering and construction firms in North America are driving the reinvention of the building ecosystem by the increasing use of sustainable construction materials to significantly reduce carbon emissions, which is anticipated to promote regional market. Additionally, businesses are taking efforts to break into untapped markets in order to fulfil expanding product demand.
D-MAC Industries, Inc., Nippon Steel Corporation, ASC Steel Deck, Vulcraft Group, Kingspan Group, TATA Steel, Marlyn Steel Decks, Verco Decking, Inc., and Emirates Building System are among the major enterprises operating in the global profiled steel sheet decking market, which are concentrating on strategic initiatives including product portfolio expansion, collaborations, acquisitions, and capacity expansion.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Steel sheet decking industry 3600 synopsis, 2018 - 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trend
2.1.4 End-Use trends
2.1.5 Regional trends
Chapter 3 Steel Sheet Decking Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Raw material
3.1.2 Profit margin analysis
3.1.3 Distribution analysis
3.1.4 Value chain analysis
3.1.4.1 COVID-19 impact on value chain
3.1.5 Vendor Matrix
3.2 Raw material analysis
3.3 Market substitution trends and insights
3.4 Regulatory landscape
3.5 Industry impact forces
3.5.1 Growth drivers
3.5.2 Industry pitfalls & challenges
3.6 Growth potential analysis
3.7 Pricing analysis, by region
3.8 Innovation & sustainability
3.9 Porter’s analysis
3.10 PESTEL analysis
3.11 Covid-19 impact on the industry
3.12 Impact of the Russia-Ukraine war on the industry
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
