ID: MRFR/CnM/8055-HCR | January 2023 | Region: Global | 180 Pages
According to MRFR analysis, Metal Grating Market is projected to register a CAGR of 7% to reach USD 1,019.9 Million by the end of 2027.
$1,019.9 Million
7%
North America
2021-2027
According to MRFR analysis, Metal Grating Market is projected to register a CAGR of 7% to reach USD 1,019.9 Million by the end of 2027.
Metal gratings are parallel, elongated, and parallel elements used to cover open spaces in several industries. Metal grating due to its higher stress resistance, durability, and reliability as compared to fiber grating and aluminum is used to make trenches, stair treads, steel flooring, and decks. The grating system depends upon the load is it subjected to and is widely adopted owing to its resistance toward corrosion and the requirement of less maintenance. The product is widely used due to its corrosion resistance and minimal shrinkage properties across various end-use industries. Some of the major application areas of metal gratings are water treatment plants, aircraft and automobile manufacturing facilities, oil rigs, power plants, and chemical industry. In the market, the metal grating is popular by the trade names: JG303/30/100SG, Safegrid, Grip Span, Ladder Rungs, CM-1, and others.
The major factor favoring the growth of the market is surging demand for metal grating across several end-use industries, especially water and wastewater treatment, oil and gas, and processing. The infrastructure development across various regions in the past years has increased its application across walkways, highways, and fencing of bridges. They are also used in the manufacturing of wheelchair ramps, staircases, fence panels, security & ventilation screens, handrail infill panels, metal sunshades, building facades, decorative louvers, architectural accents, fountain floor grate, and tree grates. Thus, owing to its extensive application and the growth of the construction industry across the globe, the global metal grating market is expected to witness significant growth during the forecast period.
However, the development of fiberglass (FRP) grating is expected to pose a major threat to the growth of the metal grating market. FRP grating is a composite material manufactured by combining fiberglass and a matrix of resin. The properties of FRP grating such as high strength-to-weight ratio, UV resistance, corrosion resistance, low electrical & thermal conductivity, minimal thermal expansion, and anti-skid surface, have increased its application in multiple end-use industries such as wastewater treatment, food, building & construction, oil & gas, and chemical processing. FRP grating weighs 30% lighter than the basic density of aluminum grating and 70% than steel grating, thus making it the material of choice for applications in which lightweight gratings are needed such as stair treads, platforms, and walkways.
In 2018, the metal grating was priced around USD 826.3 to 831.4 per ton across the globe. In the same year, the price of bar grating varied from USD 20 to 30 per ton. The metal grating is expected to witness a gradual rise in price with a range from USD 1,012.8 to 1,133.8 per tons by 2027. This change in price is expected to be influenced by the availability and pricing of raw materials, while the demand for metal grating is expected to stream-up during the forecast period.
The stringent safety standards for metal grating on the size, materials used, product life cycle, and cost are controlled by various boards in different regions. For instance, the National Association of Architectural Metal Manufacturers (NAAMM) has the metal bar grating division, which comprises members from various countries such as the US, Canada, Mexico, and South America. The NAAMM sets standards for heavy-duty and general bar grating, which are recognized and approved by the American National Standards Institute (ANSI). Similarly, STANDARDS AUSTRALIA sets requirements for the design, construction, and installation of walkways, fixed platforms, ladders, and stairways which are intended for safety purposes in places that are basically used by operating, maintenance, and inspection personnel. For instance, a steel welded bearing bar should be spaced 1 3/16 in. (30mm) on the center and crossbar spaced 4 in. (102mm) in the center according to the NAAMM. According to the STANDARDS AUSTRALIA, the design of the platform, walkways, stairways, ladders, and guard railings should be according to the standards: AS 1538, AS 3990(Int) or AS 4100 for steel, AS 1664 for aluminum, and AS 3700 for masonry. Similarly, the International Building Code (IBC) governs the standard for walkways and platforms in the US. Some of the other institutes that set standards include the American Iron and Steel Institute (AISI), American Institute of Steel Construction (AISC), and American Society for Testing and Materials (ASTM) International.
Market Drivers
Market Restraints
By Product Type
By Material Type
By End-User
By Region
Report Attribute/Metric | Details |
---|---|
Market Size | 2027: USD 1,019.9 Million |
CAGR | 7% (2021-2027) |
Base Year | 2020 |
Forecast Period | 2021-2027 |
Historical Data | 2019Â &Â 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product Type, Material Type, End-User and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Amico, Harsco Corporation, Saint-Gobain, Interstate Gratings, Lionweld Kennedy Flooring Ltd, Ningbo Jiulong Machinery, Manufacturing Co Ltd, Nucor Corporation, Ohio Gratings Inc, P&R Metals, Inc, Valmont Industries, Inc |
Key Market Opportunities | Widespread use in the walkways, platform, ramps, and stairways for multi-functional |
Key Market Drivers |
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Global metal grating market is estimated to expand at a CAGR of 7% by the end of 2027.
Global metal grating market is estimated to acquire a market value of USD 1,019.9 million by the end of 2027.
The increasing demand for metal grating across various end-user industries, majorly water and wastewater treatment, oil and gas, and processing are projected to increase the global metal grating market.
Europe is projected to be the fastest growing market during the assessment period.
Amico, Ningbo Jiulong Machinery Manufacturing Co Ltd, Ohio Gratings Inc,, and Lionweld Kennedy Flooring Ltd are some of the eminent players of the global metal grating market.