What's driving the Light Gauge Steel Framing Market Growth?

Posted by Mayur Yeole on February 16th, 2021

Light gauge steel framing is the modern technique used in construction as its lightweight and eco-friendly. It is now replacing the traditional techniques as it can be used for making whole structures. It comprises of aluminum and zinc, which makes it corrosion free and has longer life spans. Similarly, it has reduced the time for project completion, making it suitable for contractors and consumers. These systems are developed using a cold-formed method making it lightweight and energy-efficient. Due to its non-corrosive and free from shape deformation, it is not vulnerable to varying conditions making it suitable for the usage in maximum and harsh conditions.

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As the demands and uses expanded, demands for better materials surged for which the manufacturers are working in making these systems stable, reliable, and safe. With the rise in government initiatives in housing, the demands for these systems have seen major growth rates. Apart from the features and uses mentioned above, the global light gauge steel framing market faces challenges against the high costs included for making these frames fire and corrosion-resistant, which is somehow damaging the overall market growth.

This report will provide a complete detail about the market trends, growth factors, drivers & restraints, opportunities, and other primary factors followed by an in-depth analysis of the major markets around the world. The global light gauge steel framing market is anticipated to show around a 04 % annual growth rate during the survey.

Market Breakdown

Based on types, the light gauge steel framing is segmented into wall bearing, skeleton, and long span.

The global light gauge steel framing market is divided among residential, industrial, and commercial construction industries based on end-users.

Regional Classification

Light gauge steel framing is getting a healthy response from around the world because of demands for advanced construction techniques and eco-friendly alternatives, which is getting stronger with time. North America, The Asia Pacific, Europe, and the rest of the world are the major regions observed for the global light gauge steel framing market. In the current era, the Asia Pacific region is leading the market due to the rising construction activities, increasing public housing projects, demands for better alternatives, raising awareness, and other factors. Also, this region will file the fastest growth rates. The rapidly developing regions like India and China are the major contributors in this market and hold the maximum stakes.

Industry News

Rapidly increasing construction activities and demands for advanced techniques have boosted the market and will get stronger in the future. Apart from traditional methods, light gauge steel framing techniques have better features and are less time-consuming. Due to the rise in environmental concerns and demands for eco-friendly alternates, the demands for these systems have increased because it is recyclable and has long lifespans. The rapidly developing regions of Asia Pacific, like India and China, will create maximum demands, attracting the market players from around the world.

Key Players

Metek Plc. (UK), Hadley Industries PLC (UK), Intelligent Steel Solutions Ltd (UK), Scottsdale Construction Systems Ltd (Australia), Steel Construction Systems (US), CRACO Manufacturing Inc. (US), Steel Frame Solutions (Australia), Steel HQ (Hong Kong), HQ Stainless Steel Sdn Bhd. (Malaysia), ARKITECH ADVANCED CONSTRUCTION TECHNOLOGIES (Turkey), Emirates Building System (UAE), Stowell Company Inc. (US), beSteel (Belgium), Genesis Manazil Steel Framing (UAE).

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