Europe Steel Grating Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Material Type ; Surface Type ; Application The Europe steel grating market is expected to grow from US$ 16,498. 26 million in 2019 to US$ 31,207. 47 million by 2027; it is estimated to grow at a CAGR of 8. 4% from 2020 to 2027. Major players in the steel grating market are focusing on innovations.
April 27, 2021 05:25 ET | Source: ReportLinker ReportLinker Lyon, FRANCE
New York, April 27, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Europe Steel Grating Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Material Type ; Surface Type ; Application - https://www.reportlinker.com/p06064962/?utm source=GNW
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The steel grating market was valued at US$ 77,486.52 million in 2019 and is projected to reach US$ 138,699.88 million by 2027; it is expected to grow at a CAGR of 7.6% from 2020to 2027.
Steel grating drilling platforms are lightweight and explosion-proof, and feature anti-rust, huge bearing capacity, and non-slip properties. They are highly suitable for ocean as they lessen the chance of accidents. Thus, to explore and exploit offshore oil and natural gas resources, the steel gratings are extensively used in drilling platform. Besides, in the oil & gas sector, steel grating are used in a wide range of applications, including docks, ramps, platforms, crossover platforms, trench covers, security fences, catwalks, flooring, and machine guards. These gratings are also extensively used as platforms, floors, and walkways in the mining sites, power plants, and commercial buildings, as well as on roads and railway tracks.