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 Re

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

Global Profiled Steel Sheet Decking Market is expected to expand positively through 2032 owing to the growing measures undertaken by various central governments as well as infrastructural developments in the Middle East & Africa region.

The growing consumption of profile steel sheet in the construction industry has also helped bolster market growth. Moreover, leading companies in the market are vying for partnerships and acquisition opportunities for penetrating into more lucrative regions.

For instance, the leading steel manufacturer TATA Steel Limited announced that its subsidiary Tata Steel Long Products Limited completed the takeover of 93.71% of the 1 million tons annually of Neelachal Ispat Nigam Limited (NINL) via MMTC Ltd., MECON Ltd., NMDC Ltd., Industrial Development and Investment Corporation of Odisha Ltd., Bharat Heavy Electricals Ltd., Odisha Mining Corporation Ltd. With the acquisition, the capacity will be increased by 4.5 million tons annually over the coming years and 10 million tons per year by 2030, starting with a state-of-the-art long products dynamic.

The profiled steel sheet decking market has been divided in terms of product, application, end-use, and region.

Based on product, the cold-rolled steel segment is slated to grow considerably through 2032. Since cold-rolled steel is inexpensive, it is widely used in high-rise buildings to save money, which will help foster segmental growth. An additional aspect of cold-rolled decking steel plate is a steel profile with embossments and ribs that aid in bonding with concrete slabs and together constitute a part of the concrete floor.

With respect to end-use, the commercial segment is speculated to depict more than 10.5% CAGR from 2023 to 2032. The commercial construction sector is expanding as a result of investments in the development of bridges and road infrastructure, bridge replacements and repairs, public transportation systems, and the reconstruction of the power grid, in addition to investments in the improvement of water infrastructure.

From the regional perspective, the Europe profiled steel sheet decking market is slated to hold USD 4 billion market share by 2032. Substantial growth in the Brazilian construction sector, as well as an investment surge for the modernization and development of the nation's roads, trains, airports, as well as ports, are expected to generate opportunities for the expansion of the profiled steel sheet decking market.