Corrugated Steel Sheets Market

Corrugated Steel Sheets Market: Introduction

• Corrugated steel sheets are a popular siding and roofing choice for agricultural and commercial buildings, owing to their strength and durability. Corrugated steel sheets are commonly used in the residential sector in large amount in the form of roofing and siding options.
• Corrugated steel sheets have a "wavy" pattern, although several other patterns are available to choose from - including more linear and square-edged shapes
• Corrugated steel sheets are manufactured using a cold-form process, in which sheets of steel are pressed flat and then run through a roll forming process. In the process of roll forming, the sheets are hard-pressed using rolling dies that create the corrugation shapes.

Global Corrugated Steel Sheets Market: Key Drivers

• The global corrugated steel sheets market is fueled by high demand from the commercial and agriculture sectors for use in applications such as warehouses, farm houses, garages, porches, and sheds
• Corrugated steel sheets are majorly used in agricultural buildings, as these sheets feature repetitive folds on their surface. On account of the unique shape, corrugated steel sheets offer enhanced strength and reliable utility for years. The corrugated design with grooves and ridges make them stronger as compared to other roofing types.
• Nonresidential buildings that regularly use steel roofs include factory buildings, retail outlets, and other commercial buildings. Therefore, new commercial construction activities across the globe boost the demand for corrugated steel sheets. The growth in private commercial construction is expected to increase by 2027, presenting an opportunity for the industry.

Sliding Segment Expected to Create Opportunity in Market

• Steel already exhibits greater tensile strength than wood or other plastic materials. However, corrugations increase that tensile strength even further, which enhances its resistance to all kinds of weight loads and impact. The corrugated grooves increase the metal sheets’ water-shedding feature, which makes them suitable for roof and siding applications.
• Corrugated steel sheet siding is considered as one of the most suitable siding options in the market, owing to its durability and easy maintenance requirements, coupled with low cost investment.

Availability of Other Substitutes for Roofing and Sliding to Hamper Market

• Bamboo roofing sheets are a safe and environment friendly alternative to steel sheets. They offer the same standard measurements as corrugated steel roofing sheets. Furthermore, bamboo roofs are quieter in the rain and cooler in the sun than steel sheets. Furthermore, other alternatives such as plastic, zinc, or corrugated aluminum roofing panels are the major substitutes for corrugated steel sheets.
• The hike in the world price of steel in 2018 has hampered the market growth to some extent, as the demand for corrugated steel sheets is replaced by other metal sheets. Steel has historically exhibited volatility in the prices, therefore it still poses a potential threat to the industry.

Asia Pacific Expected to Hold Significant Share of Global Corrugated Steel Sheets Market

• In terms of region, the global corrugated steel sheets market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific is expected to dominate the global corrugated steel sheets market due to increased urbanizations and rapid industrialization in the region. China emerged as major market in Asia Pacific region, followed by India, Japan, Australia, Malaysia, South Korea, and Thailand.
• Latin America is another evolving region growing at a significant rate due to a large number of construction activities and well-growing agriculture sector particularly in Brazil and Argentina
• North America is considered as comparatively a matured market and the demand for corrugated steel sheets is growing at a slower rate, owing to stable construction sector in the region.

Key Players Operating in Global Market

The global corrugated steel sheets market is a fragmented market, due to presence of several small domestic manufacturers. High growth potential of the market is attracting new local as well as international players toward the market. Key players operating in the global corrugated steel sheets market are:

• Tata BlueScope Steel
• HMAL LTD
• JSW Steel
• Bansal Roofing
• Coroplast
• McElroy Metal

Global Corrugated Steel Sheets Market: Research Scope

Global Corrugated Steel Sheets Market, by Application

• Roofing
• Siding

Global Corrugated Steel Sheets Market, by End-use Industry

• Residential
• Commercial
• Agricultural
• Others

Global Corrugated Steel Sheets Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa