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Government infrastructure development projects and various government programmes to encourage green buildings have resulted in an increase in commercial and residential property construction throughout the world, consequently aiding the market growth. In sewage treatment facilities, steel grating is commonly utilised as a walkway and platform instead of concrete platforms to overcome barriers and traverse wastewater areas. Steel grating platforms in sewage plants have strong corrosion resistance, and these are simple to instal and remove, are anti-skid, anti-rust, and have a high bearing force. High investments are being made in many nations, such as China and India, for industrial expansion and infrastructural development. This is expected to facilitate the market growth. Furthermore, throughout the forecast period, the steel grating industry is expected to be driven by the growth of the construction industry, particularly in the Asia Pacific region.
Nucor Corporation (NYSE: NUE), one of the top leaders in the steel grating industry, announced on June 7, 2021, that it had signed a formal acquisition agreement to buy Cornerstone Building Brands' insulated metal panels (IMP) business for USD 1 billion in cash, or around ten times pre-pandemic EBITDA, including projected synergies. Nucor's realised effective acquisition price is around $900 million after accounting for the net present value of associated tax advantages. Regulatory clearances are pending; the acquisition is likely to conclude later this year. The growth of the key players is expected to bolster the overall market for steel grating.
Market Analysis by Product Type, Surface Type, Fabrication, Application, End Uses, and Region:
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The major players in the global market for steel grating are Alabama Metal Industries Corporation, Anping Enzar Metal Products Co., Ltd., Interstate Gratings, LLC., Lionweld Kennedy Flooring Ltd., Ohio Gratings Inc., Lichtgitter GmbH, Nucor Corporation, and Valmont Industries, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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