Profiled Steel Sheet Decking Market size was USD 6.7 billion in 2024 and is estimated to reach USD 24.5 billion by the end of 2037, expanding at a CAGR of 10.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of profiled steel sheet decking is assessed at USD 7.4 billion.
The increasing investments in infrastructure development projects across the world are poised to fuel the use of profiled steel sheet decking solutions in the coming years. The Global Infrastructure Hub report reveals that current investment trends in airport, rail, and road infrastructure development projects are around USD 2.1 trillion, USD 10 trillion, and USD 26 trillion, respectively. Countries in developing regions such as Asia Pacific, Latin America, and Africa are witnessing growth in several infrastructural development projects including roads, bridges, parks, and buildings, which is set to fuel the demand for profiled steel sheet decking products in the coming years. The 2023 annual report by the World Bank on private participation in infrastructure (PPI) reveals that investment commitments of USD 51.4 billion, a 28% rise YoY and a 47% growth from the past 5-year average were observed in East Asia and Pacific.
The growing emphasis on sustainable construction and energy-efficient buildings is anticipated to generate lucrative opportunities for profiled steel sheet decking solution producers. The green building trend is augmenting the use of recyclable materials including steel sheets. The World Economic Forum estimates that by 2030, the green building revolution is set to generate around USD 1.8 trillion in market opportunities, globally.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
10.5% |
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Base Year Market Size (2024) |
USD 6.7 billion |
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Forecast Year Market Size (2037) |
USD 24.5 billion |
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Regional Scope |
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Application (Decking, Flooring)
By 2037, decking segment is expected to capture over 66.9% profiled steel sheet decking market share. The structural benefits of steel such as durability and superior strength are majorly augmenting its use in decking applications. It also offers robust structural support owing to which profiled steel sheets are finding high applications in multi-story buildings. The rising construction of skyscrapers is further augmenting the sales of profiled steel sheets. Waldorf Astoria Hotel and Residences in Miami and 740 8th Avenue in New York City are some of the tallest under-construction buildings in the U.S. According to a report by the Council on Tall Buildings and Urban Habitat, 2023 was a record-breaking year for the completion of tall buildings. Globally, a total of 2,310 tall buildings and 237 supertall building projects were completed in 2023.
Product (Galvanized Steel, Cold Rolled Steel)
The galvanized steel segment is foreseen to account for a dominating share of the profiled steel sheet decking market by 2037. These types of steel are finding high applications in transmission tower lines, power plants, and pipelines. The shift towards renewable energy sources such as solar and wind power is directly augmenting the demand for galvanized steel. For instance, the report published in October 2023 by the National Association of Manufacturers estimates that in the next 17 years, countries across the world need to replace or add around 50 million miles of transmission lines. Thus, the growth in these projects is set to directly influence the demand for galvanized steel sheet solutions.
Our in-depth analysis of the global profiled steel sheet decking market includes the following segments:
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Product |
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Application |
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Grade |
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Asia Pacific Market Forecast
By 2037, Asia Pacific profiled steel sheet decking market is likely to dominate over 46.9% share. The high production of steel, rising infrastructure development projects, and technological innovations in manufacturing are collectively fueling the sales of profiled steel sheet decking solutions in the region. The strong presence of steel producers in Japan is positively influencing the sales of steel sheets. India, China, and South Korea are also the most profitable marketplaces for the profiled steel sheet decking product producers.
In China, the rising green building projects owing to sustainability trends are augmenting the demand for profiled steel sheet decking solutions. The World Economic Forum reveals that China is the largest construction market and majorly influence the sales of building materials. For instance, in February 2023, Green Business Certification, Inc. revealed that China held the 1st rank in the LEED Green Building list of top 10 countries and regions.
The same source also announces that India captured 3rd position with 248 green building projects. Thus, similar to China green building trend is set to propel the sales of profiled steel sheet decking products in the coming years. Furthermore, rapid urban and industrial activities in the country leading to growth in residential, commercial, and industrial infrastructure development are anticipated to propel the demand for profiled steel sheet decking solutions. The India Brand Equity Foundation (IBEF) report reveals that under the National Infrastructure Pipeline (NIP) scheme around USD 1.3 trillion worth of projects are currently at different stages of implementation in the country. Around 36.6 MT of crude steel and 35.8 MT of finished steel were produced in Q2 FY24, respectively. Furthermore, India being the 2nd largest producer of crude steel is set to account for 9-10% of the domestic steel demand in FY25. By 2030-31, the annual production of steel is expected to surpass 300 million tonnes.
North America Market Statistics
The North America profiled steel sheet decking market is projected to expand at the fastest CAGR through 2037. The rising construction activities, the increasing popularity of sustainable building materials, and rising public and private investments in infrastructure developments are fueling the sales of profiled steel sheet decking solutions. Both the U.S. and Canada are win-win pools for profiled steel sheet decking market players.
In the U.S., the growth in residential and commercial structures is directly boosting the ales of profiled steel sheet decking products. The U.S. Census Bureau reveals that around 1,505,000 new residential building permits were allowed in November 2024 and 1,601,000 housing projects were completed by the same period. In December 2024, the American Iron and Steel Institute announced that domestic raw steel production totaled 1,651,000 net tons with a capability utilization rate of 74.3%. Furthermore, the U.S. Geological Survey (USGS) unveiled that iron and steel hold 95% of all tonnage of metals produced in the country.
In Canada, manufacturers are concentrating on advancing steel manufacturing techniques to develop high-strength steel sheets and maximize their revenue shares. The increasing steel production is also driving the sales of profiled steel sheet decking products. Natural Resources Canada reveals that the steel industry generates sales of over USD 7.5 billion annually and USD 2.09 billion in exports.
The global profiled steel sheet decking market is highly competitive owing to the strong presence of industry giants. To stand out of the crowd and earn high profits, the leading companies are continuously focusing on introducing innovative profiled steel sheet designs. They are also implementing advanced manufacturing techniques to develop customized products and boost productivity. Furthermore, key players are forming strategic partnerships with competitors and raw material suppliers to reach a wide customer base. The regional expansion tactics are aiding them to gain untapped opportunities from high-potential regions.
Some of the key players are profiled steel sheet decking market:
Author Credits: Shweta Patidar
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