Profiled Steel Sheet Decking Market Analysis

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: