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Cold-Rolled Steel Wire Welded Galvanized Mesh Market Size, Share, Growth, and Industry Analysis, By Type (Flared Channel Decking & U-Channel Decking), By Application (Warehouses, Distribution Centers, Manufacturing Plants, & Others) and Regional Forecast to 2031
Region: Global | Format: PDF | Report ID: PMI2303 | SKU ID: 26433824 | Pages: 146 | Published : May, 2024 | Base Year: 2023 | Historical Data: 2019 - 2022
COLD-ROLLED STEEL WIRE WELDED GALVANIZED MESH MARKET REPORT OVERVIEW
The global Cold-Rolled Steel Wire Welded Galvanized Mesh Market Size was USD 383.19 million in 2024 and the market is projected to touch USD 504.76 million by 2031, exhibiting a CAGR 4.70% during the forecast period.
A Cold-rolled steel wire welded galvanized mesh is a welded wire mesh. It is made by cold-rolled steel wire and a coating layer of galvanized zinc. They are used for improving durability and corrosion resistance of mesh. They are extremely used in various application areas such as agriculture, construction, mining, and fencing.
The market is expected to grow notably due to many reasons. The traits are such as its high tensile strength, decay resistance and low cost. The inclination for galvanized mesh and customized products are providing great opportunities for market growth.
COVID-19 Impact: Market Growth Hindered by Pandemic due to Supply Chain Disruption
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
Due to the slowdown of the supply chain, the market growth has affected and impacts on other areas are such as production, manufacturing units and others. The disruptions in the import and export system hampered the production and demand of the products. However, the COVID-19 pandemic had helped in the industry to tackle the situation for the future. However, with the growing technologies and recovery from pandemic, this market has great potential to grow further and faster.
LATEST TRENDS
"Shifting Preference towards Galvanized Mesh to Propel Market Growth"
The major latest trend in this market is the shifting preference towards the galvanized mesh over other types of materials. The increasing demand for galvanized mesh by construction industry propels the market growth. The embracing of automation and advances manufacturing techniques improve the product quality.
COLD-ROLLED STEEL WIRE WELDED GALVANIZED MESH MARKET SEGMENTATION
By Type
Based on type the market can be categorized into Flared Channel Decking & U-Channel Decking.
- Flared Channel Decking: The flared channel decking is a type of mesh which consists of a mesh with flared edges. It provides additional strength and stability in flooring and decking application.
- U-Channel Decking: The U-channel decking is a type of mesh that has a U-shaped design and allows easy installation and secure attachment and offers extra strength and support.
By Application
Based on application the market can be categorized into Warehouses, Distribution Centers, Manufacturing Plants, & Others
- Warehouses: In warehouse application, it is used for storage and organization purposes, providing strength and durability to the structure.
- Distribution Centers: In distribution center application, it is used for sorting and transporting goods and it is utilized for storage racking and security fencing.
- Manufacturing Plants: In manufacturing plants, it is used for safety guarding, equipment protection, and material handling.
- Others: There are many other application areas such as construction, automotives, and others utilized for fencing, reinforcement, and containment purposes.
DRIVING FACTORS
"Rising Demand for Corrosion-Resistance Resources Propel the Market Growth"
The major driving factor for the Cold-Rolled Steel Wire Welded Galvanized Mesh Market Growth is the increasing demand for robust and corrosion resistant materials. The rising construction activities and expansion of infrastructure are increasing the demand for cold-rolled steel wires. This demand rise propels the market growth. Additionally, the advancement in technologies and manufacturing process increases the demand for production of high-quality of this type of galvanized mesh and propel the market growth.
"Increasing Industrial and Agriculture Sectors to Expand the Market"
The galvanized mesh is widely used in industrial and agricultural applications such as fencing, portioning, and reinforcement. The demand for such mesh is high because of some properties such as strength and versatility of the wire. The expansion of industries and agriculture sectors encourages the utilization of the products and hence increases the demand significantly.
RESTRAINING FACTOR
"Unstable Raw Material Prices and Environmental Concerns Hindered the Market Growth"
The limiting factors that are hindering the market growth are mainly because of two major reasons. Firstly, the raw material price fluctuates such as for steel and zinc. This affects the overall production coast and gain of the market players. Secondly, the rising environmental concern globally is related to the galvanizations process. The galvanization practice is used in the construction of cold-rolled steel wires. The release of risky gas affects the environment and hence affects the market growth.
COLD-ROLLED STEEL WIRE WELDED GALVANIZED MESH MARKET REGIONAL INSIGHTS
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
"Asia Pacific Dominates the Market due to Adoption of Modernization"
The Asia Pacific region is dominating the Cold-Rolled Steel Wire Welded Galvanized Mesh Market Share due to fast modernization such as industrialization and urbanization in this region. The increasing infrastructure in the developing countries is increasing demand for these mesh products. China is the main contributor to make this region dominant. North America and Europe are also witnessing significant growth due to adoption of advanced technologies making innovative solutions.
KEY INDUSTRY PLAYERS
"Key Players Transforming the Cold-Rolled Steel Wire Welded Galvanized Mesh Landscape through Advanced Technology and Strategy Partnership"
Many prominent industry players are operating in this market focused on providing high quality storage material and innovative material handling solutions. However, there are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.
List of Market Players Profiled
- Nashville Wire Products (U.S.)
- Aceally (Xiamen) Technology Co., Ltd. (China)
- ITC Manufacturing, Inc. (U.S.)
- J&L Wire Cloth LLC (U.S.)
- Etalex (Canada)
- Nanjing Zhongzhi Metal Silk Screen Manufacturing Co., Ltd. (China)
- Hebei Minmetals Co., Ltd. (China)
- Worldwide Material Handling (U.S.)
- Dalian Huameilong Metal Products Co., Ltd. (China)
- Nene Warehouse Solutions Ltd. (U.K.)
- Kingmore Storage Equipment Manufacturing Co., Ltd. (China)
- GLOBAL Storage Equipment Manufacturer Limited. (China)
- Nanjing A-Plus Metal Products Co., Ltd. (China)
- QTS Ltd. (U.S.)
- Nanjing Di Ao Storage Equipment Manufacturing Co., Ltd. (China)
INDUSTRIAL DEVELOPMENT
May 2022: Troax Group AB, based in Sweden, acquired in Claitec Solution SL, aimed to diminish the occupational hazards in industrial environments and ensure safety of workers.
REPORT COVERAGE
This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global cold-rolled steel wire welded galvanized mesh market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.
This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.
Attributes | Details |
---|---|
Historical Year |
2020 - 2023 |
Base Year |
2024 |
Forecast Period |
2025 - 2033 |
Forecast Units |
Revenue in USD Million/Billion |
Report Coverage |
Reports Overview, Covid-19 Impact, Key Findings, Trend, Drivers, Challenges, Competitive Landscape, Industry Developments |
Segments Covered |
Types, Applications, Geographical Regions |
Top Companies |
QTS Ltd., Etalex, J&L Wire Cloth LLC |
Top Performing Region |
Asia Pacific |
Regional Scope |
|
Frequently Asked Questions
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What value is the Cold-Rolled Steel Wire Welded Galvanized Mesh Market expected to touch by 2031?
The cold-rolled steel wire welded galvanized mesh market is expected to reach USD 504.76 million by 2031.
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What CAGR is the Cold-Rolled Steel Wire Welded Galvanized Mesh Market expected to exhibit by 2031?
The cold-rolled steel wire welded galvanized mesh market is expected to exhibit a CAGR of 4.70% by 2031.
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Which are the driving factors of the Cold-Rolled Steel Wire Welded Galvanized Mesh Market?
Rising Demand for Corrosion-Resistant Resources Propel the Market Growth and Increasing Industrial and Agriculture Sectors to Expand the Market are some of the driving factors of the market.
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What are the key Cold-Rolled Steel Wire Welded Galvanized Mesh Market segments?
The key market segmentation that you should be aware of, which include, based on type, the cold-rolled steel wire welded galvanized mesh market is classified as Flared Channel Decking & U-Channel Decking. Based on application, the cold-rolled steel wire welded galvanized mesh market is classified as Warehouses, Distribution Centers, Manufacturing Plants, & Others.
Cold-Rolled Steel Wire Welded Galvanized Mesh Market
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