The Latin America, Middle East and Africa Light Gauge Steel Framing Market would witness market growth of 5.3% CAGR during the forecast period (2021-2027).
Steel may be moulded into any shape and used in a wide range of building applications. It is appropriate for all types of buildings due to its endurance and may be used to construct everything from household structures to air hangars. Residential residences, as well as commercial and industrial buildings, can benefit from light steel frame construction, which makes it easier to not only build new structures but also adapt existing ones. Hence, these factors are expected to boost the growth of the regional light gauge steel framing market during the forecasting period.
Some of its advantages, such as increased design flexibility, ease of installation, high recyclable properties, inherent strength, lightweight properties, and shorter construction period than other systems such as timber or concrete, are driving the growth of the light gauge steel framing market. The benefit of utilising light gauge material would be that it shrinks less, does not rot, or decompose. It is simple to install in places that are particularly vulnerable to termite invasions.
Cold formed steel sections are used to build structural frames in light-gauge steel framing systems. These are constructed of a zinc-aluminium alloy or zinc-coated to prevent them from rusting. Light gauge steel frames could be utilised for non-load-bearing interior walls, load-bearing exterior walls, curtain walls, roof trusses and floor joists throughout a structure.
The Brazil market dominated the LAMEA Light Gauge Steel Framing Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,459.3 million by 2027. The Argentina market would experience a CAGR of 5.9% during (2021 - 2027). Additionally, The UAE market is anticipated to grow a CAGR of 5% during (2021 - 2027).
Based on Type, the market is segmented into Wall Bearing, Skeleton, and Long Span. Based on End Use, the market is segmented into Residential, Industrial, and Commercial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Light Gauge Steel Framing Market is Predict to reach $42.8 Billion by 2027, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SCAFCO Steel Stud Company, The Steel Network, Inc., WARE Industries, Inc., Precision, Walls, Inc., Hadley Industries Holdings Ltd., FRAMECAD Limited, CRACO Manufacturing, Inc., and California Expanded Metal Products Co.
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