Metal Grating Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2027
Market
Synopsis
According to the MRFR analysis, Global Metal Grating Market size
was valued at around USD 1,019.9
Million in 2018 and is expected to reach over USD 1,500 Million by the end of
2025 at a CAGR of 5.38%.
The growth of the Metal Grating Market is
attributed to the continuous use of grating platforms in several end-use
industries. According to the report of the United Nations Industrial
Development Organization (UNIDO), in 2018, the five largest emerging economies
Brazil, China, India, Indonesia, and Mexico in total accounted for
three-quarters of the total industrial development with the increase in mass
consumption of manufactured goods. These developments of industries infuse the
application of grating across the industrial structures, with the application
of walkways, ramps, stairways, platforms, safety barriers, and others.
Furthermore, the increase in the application of safety grating for preventing
cross overs or overhead protection within the plants is expected to further
fuel the growth of the metal grating market in the review period. Some of the other
primary factors favoring the market growth are increasing adoption of grating
across the wastewater treatment and water purification plants coupled with the
growing adoption of lightweight and non-corrosive products.
Pricing and Standardization Analysis
In 2018, metal grating globally was priced
from USD 826.3 to
831.4 per ton, which is witnessing an upward trend, while
the price is expected to rise to USD 1,100 per ton by 2025. The trend is
likely to continue during the forecast period owing to fluctuating raw material
prices.
The various standards regarding grating,
design of platforms, stairways, and railings are expected to favor the demand
for metal grating during the review period. Some of the standards are AS 1538, AS 3990(Int) or AS
4100 are design standards for steel, AS 1664 for aluminum
by the Standards Australia. Some of the other institutes that provide standards
include the American Iron and Steel Institute (AISI), American Institute of
Steel Construction (AISC), and American Society for Testing and Materials
(ASTM) International.
SEGMENTATION
By Product Type
- Bar Grating: The
bar grating segment held the largest market share of over 50% in 2018 and
is expected to dominate the market during the forecast period, which is
attributed to the increasing demand for bar grating in various end-use
industries such as wastewater treatment, chemical, food, and other
industries. Bar grating consists of individual parallel metal bars that
are adjoined by perpendicular bars and form a grate. The bars are usually
joined by the welding process depending upon the thickness and material
type of the metal bars required for commercial or industrial purposes.
Some of the frequently used bar grating materials are galvanized steel,
carbon steel, austenitic stainless steel, and aluminum.
- Safety Grating: Safety gratings are used in
overheads and crossovers of manufacturing, treatment, and processing
industries. Safety gratings are used on the walking surface to improve the
traction of the surface and reduce the risk of falls and slips. Safety
grating increases the grip of the surface finish, which typically consists
of small protrusions diamond shapes. Safety grating, similar to bar grating,
have a high percent of open surface allowing better airflow and drainage.
The gaps in the grating help to prevent and reduce the liquids or other
materials from building up, which could cause slipping hazards. Thus, the
application of safety grating is expected to gain major traction for the
market in the coming years with an increase in safety regulation for
industrial purposes.
By Material Type
- Carbon Steel: The
carbon steel segment held the largest market share of over 30% in 2018 and
is expected to dominate the market during the forecast period, which is
attributed to the increasing demand for carbon steel in heavy-duty purpose
and in the heavily trafficked area such as airports terminals, parking
lots, highways terminal, and others industrial zones. They are used where
open flooring is required for the free flow of heat, light, and air.
- Aluminum: It is projected to be one of the
fastest-growing segments in the global market during the review period.
Aluminum is a lightweight and corrosion-resistant material, which makes it
ideal for use in outdoors as well as indoor applications. They are also
cost-effective compared to other materials, which are used across
mezzanine floors, walkways, stage flooring, pedestrian bridge, and others.
- Stainless Steel:
Stainless steel is highly corrosive resistant and extreme temperature
resistant which are widely used across industrial and commercial flooring
such as catwalks, mezzanines, platforms, ramps, sidewalk, subways, and
other gratings.
- Galvanized Steel:
Galvanized steel is produced from carbon steel materials that are coated
with a protective layer of zinc to avert premature corrosion and rusting,
which are prone to inclement moisture, corrosive chemicals, and weather.
They are commonly used to make drainage pit covers, bridge flooring,
platforms, forklift traffic, walkways, trench covers, ramps, and catwalks
among others.
- Others: The other segment consists of mild steel,
perforated steel, and others.
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By End-User
- Water & Wastewater Treatment Industry: This
segment is expected to dominate the market throughout the forecast period.
The application of galvanized steel in hard water with pH 7.0 – 8.0, 10 °F
of calcium, and 10-30 °F TAC, produces a zinc carbonate protective layer.
These protective layers prevent corrosion resistance against aggressive
agents including sulfates (with 1,200 ppm), nitrates, and chlorides (with
450 ppm). Thus, the metal grating system helps to fight the corrosion and
wear of the grating and provides higher durability. Owing to these factors
the market is expected to grow in the forecast period.
- Chemical Industry:
It is the fastest-growing segment owing to the increase in focus on
temperature resistant and corrosion-resistant materials in the sector. The
metal gratings are used in stair tread, high load-bearing floors,
handrail, skid proof and safe grates.
- Oil & Gas: In the oil & gas industry the
grating should be resistant towards exposure to sunlight, corrosive salt
water, jarring movements, and high winds. The most commonly used grating
materials are stainless steel and galvanized steel, while aluminum for a
lighter application.
- Food Industry: Metal grating in the food processing
industry is used for Bridge Flooring, trench covers, ramps, platforms, and
catwalks. Stainless steel grating is one of the commonly used grating
types in the food processing industry.
- Others: The others segment include marine, pulp and
paper processing, aerospace, textile, automotive, small scale
manufacturing plants, and others.
By Region
- North America: Market growth is driven by the
demand from the oil & gas and water & wastewater treatment
industry.
- Europe: A well-established food processing and
chemical market.
- Asia-Pacific: The largest and fastest-growing
regional market.
- Latin America: Rapid construction and automobile
manufacturing plants are fueling the demand metal grating in Latin
America.
- Middle East & Africa: Growing demand from the
oil & gas industries specially oil rigs, and development and
investment in infrastructure development of the region is fueling the
demand of the metal grating in the region.
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