Global Sheet Piling Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sheet Piling Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sheet piling is part of a sheet with interlocking edges that are driven into the ground to provide support for earth retaining and excavation. Sheet Piling are usually used for retaining walls, land reclamation, underground structures (such as parking lots and basements), river bank protection in ocean locations, seawalls, cofferdams, etc.

Market Overview:

The latest research study on the global Sheet Piling market finds that the global Sheet Piling market reached a value of USD 4830.2 million in 2022. It’s expected that the market will achieve USD 6683.25 million by 2028, exhibiting a CAGR of 5.56% during the forecast period.

The epidemic has had a major impact on the macro economy and various industries, and the industries in which the company operates have also been affected to a certain extent. The specific manifestations are the weak supply and demand caused by the delayed resumption of work in the upstream and downstream, as well as the poor procurement and sales caused by the obstruction of logistics. First of all, for the Sheet Piling industry, the epidemic has had an impact on the production plans of companies in the Sheet Piling industry. Due to the outbreak of COVID-19, operations of steel, lumber, concrete manufacturing plants have been affected and raw material output has been limited. This could lead to disruptions in the supply of raw materials to the Sheet Piling industry, which could impact the company's production schedule. On the other hand, affected by the new crown pneumonia epidemic, in order to prevent the further spread of the epidemic, the government issued travel restrictions and related isolation policies, which reduced the management efficiency of enterprises in the industry and also affected the company's production plan. From the perspective of downstream demand, as a material for infrastructure construction, the Sheet Piling industry is relatively greatly affected by new construction, municipal engineering and national project engineering. Due to the generally dense population at the construction site, construction activities were suspended to avoid cross-contamination. Therefore, the development of the epidemic has caused a certain blow to bridge construction, highway construction, dock construction and other industries. Therefore, due to the outbreak of the epidemic, the demand for Sheet Piling in the downstream market has decreased, which is not conducive to the development of the industry. However, with the improvement of the epidemic and the resumption of various infrastructure construction activities, the market demand for Sheet Piling has gradually begun to recover.

In addition, judging from the sales of Sheet Piling, affected by the epidemic, many countries have imposed controls on domestic traffic and movement of people, and imposed restrictions on import and export commodities. This caused Sheet Piling to experience varying degrees of logistical disruption, inventory and shipping delays during the sale. At present, the logistics industry in various countries is gradually resuming operations according to different national policies. Overall, the outbreak has had a complex impact on companies in the industry.

Steel sheet piling market continues to expand

Sheet Piling can be divided into sheet piles, wood piles, concrete sheet piles, etc. according to different materials. Steel sheet piling are often used in temporary structures such as soil and sand collapse prevention plates, temporary bank protection, cofferdam works, and temporary center islands. In addition, steel sheet piling is often used in permanent structures such as docks, freight yards, sluices, foundations, seepage walls, and retaining walls. Compared with other types of sheet piles, sheet piles have several advantages. First of all, the bearing capacity of the steel sheet pile is strong and its structure is light. Therefore, the continuous wall composed of steel sheet piling has high strength and rigidity. Second, the construction of steel sheet piling is simple and can be adapted to different geological conditions and soil qualities, which can reduce the amount of earthwork for excavation of foundation pits and occupy less space for operation. Third, the durability of the steel plate is good, and the life span can be as long as 50 years according to the difference of the use environment. Fourth, the operation of steel sheet piling is efficient, and it is very suitable for the rapid implementation of disaster relief and prevention such as flood control, subsidence, quicksand, and earthquakes. In addition, the material of the steel sheet pile can be recycled and reused, and it can be reused 20 to 30 times in temporary construction. With the continuous development of society, function, appearance and practical value are the criteria that people use when choosing building materials today. Steel sheet piling provide a simple and practical structure that meets the requirements of structural safety and environmental protection, so the market demand for steel sheet piling is increasing.

Raw material prices fluctuate

The raw materials required for the production of the Sheet Piling industry mainly include steel, wood, concrete, Vinyl, etc. Among them, steel is one of the most important raw materials for industry companies to produce Sheet Piling. The steel industry is the basic industry of the national economy. Changes in the national macroeconomic policy, national economic growth rate and industrial policy have a greater impact on the steel market, so the price of steel is greatly affected by the policy. For Sheet Piling industry companies, raw materials are the most important cost of the company. The supply of major raw materials and the risk of price fluctuations will have a material adverse impact on the company's continued profitability. The industry characteristics of Sheet Piling manufacturers make them rely on major suppliers for raw material procurement. If there are adverse changes in the company's partnership with these key suppliers, or adverse changes in the operations and financial conditions of key suppliers, the company may not be able to purchase normal quantities in a timely and sufficient manner. At the same time, the fluctuation of raw materials will have an impact on the company's production costs. If the price of raw materials rises, it will cause the production cost of Sheet Piling to rise and reduce the profit margin of the product. The company's production and operation plan will be adjusted. All in all, price volatility of raw materials is one of the risks faced by companies in the industry.

Region Overview:

Geographically, Asia Pacific held the largest market share – 55.81% in 2022.

Company Overview:

Anshan Zizhu is one of the major players operating in the Sheet Piling market, holding a share of 17.73% in 2023.

Anshan Zizhu

The company has domestic advanced universal rolling mill production line, nearly 1,000 sets of auxiliary production equipment such as various professional straighteners, roll lathes, etc., and has established a physics laboratory, chemical analysis laboratory, new product research institute, all production lines adopt automatic control system carry out.

ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in more than 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, they are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.

Segmentation Overview:

By type, Steel segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Marine, with a market share of 54.14% in 2022.

Key Companies in the global Sheet Piling market covered in Chapter 3:

Samuel RFG
Anshan Zizhu
Keller Group
Meever＆Meever
Nanjing Wanhui New Material Technology
Nucor Skyline
VÍTKOVICE STEEL
Trinity Products
Jianhua Construction Materials
Gerdau
ESC Group
JFE
CMI
Nippon Steel
ArcelorMittal

In Chapter 4 and Chapter 14.2, on the basis of types, the Sheet Piling market from 2018 to 2029 is primarily split into:

Steel
Concrete
Wood
Aluminum
Composite
Vinyl

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sheet Piling market from 2018 to 2029 covers:

Marine – sub segment into Ports/Harbors
Construction

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)