Steel Strapping Market Analysis

Tensile Strength (Regular Duty, High Tensile)

The high tensile segment in the steel strapping market is estimated to gain a revenue share of about 57% by the year 2037. The segment growth can be propelled by the rising usage of heavy-duty applications. High tensile steel strapping offers superior strength and durability compared to other materials and lower grades of steel. This makes it particularly suitable for heavy-duty applications where maximum load stability and security are required, such as in the construction, metalworking, and shipping industries.

Besides this, to comply with safety and security requirements for transport and storage, regulations and standards require the use of high-tensile steel strapping in certain industries.

Coating (Painted & Waxed Strapping, Uncoated Strapping)

The painted & waxed strapping segment in the steel strapping market is set to garner a notable share in the coming years. To guarantee the safe transport of goods, there is a higher demand for strong and durable packaging materials such as paint and wax strapping. In the market, painted & waxed strapping is preferred because of its added protection characteristics.

The coating, whether it is paint or wax, serves as a barrier against environmental factors, reducing the impact of corrosion and rust on the strapping material.

In industries where steel strapping is subjected to different weather conditions during storage and transport, this increased resistance to corrosion is of particular importance. The protective coating not only prolongs the life of the strapping but also ensures that it maintains its integrity and strength over time.

Our in-depth analysis of the global steel strapping market includes the following segments: