Profiled Steel Sheet Decking Market Share

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 1^st rank in the LEED Green Building list of top 10 countries and regions.

The same source also announces that India captured 3^rd 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 2^nd 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.