The Latin America, Middle East and Africa Steel Grating Market would witness market growth of 5.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Steel Grating Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,776.5 million by 2031. The Argentina market is showcasing a CAGR of 6.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 4.5% during (2024 - 2031).
As cities expand and economies develop, there is a corresponding need for robust infrastructure that can support this growth. According to the United Nations, approximately 2.5 billion people are expected to be added to urban areas by 2050, with nearly 90% of this increase concentrated in Asia and Africa.
Additionally, governments also support the market growth of steel gratings through favorable regulations and standards. For instance, the European Union enforces rigorous regulations concerning the safety and integrity of construction materials.
The LAMEA region is experiencing gradual growth in the steel grating market. The Middle East is witnessing significant investments in infrastructure and industrial projects as part of broader economic diversification strategies. These initiatives are being spearheaded by countries like Saudi Arabia and the United Arab Emirates (UAE), which are concentrating on large-scale developments to diversify their economies and reduce their dependence on hydrocarbon revenues. For instance, Saudi Arabia's Vision 2030 plan aims to transform the country's economy by developing new cities, industrial zones, and tourism infrastructure.
Free Valuable Insights: The Worldwide Steel Grating Market is Projected to reach USD 228.7 Billion by 2031, at a CAGR of 3.2%
Based on Surface Type, the market is segmented into Serrated Steel and Plain Steel. Based on Fabrication, the market is segmented into Welded Steel Grating, Swage Locked Grating, Press Locked Grating, Close Mesh Steel Grating, and Riveted Grating. Based on Material, the market is segmented into Carbon Steel, Aluminum Steel, and Stainless Steel. Based on Application, the market is segmented into Walkways, Platforms, Drainage Covers, Trench Covers, Security Fence, Stair Treads, and Others. Based on End Use Industry, the market is segmented into Oil & Gas, Pharmaceuticals, Civil Engineering, Wastewater Treatment, Electric Power, Steel, Mining, Cement, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Surface Type
By Fabrication
By Material
By Application
By End Use Industry
By Country
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