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Sheet Piling Market to boast by 2028| Increasing Applications in the Construction Industry to Drive Growth states Fortune Business Insights™

The global sheet piling market size is anticipated to grow at a significant rate owing to the increasing applications of sheet piles in the construction industry, observes Fortune Business Insights™ in its report, titled “Sheet Piling Market Size, Share & Industry Analysis, By Type (Timber sheet piles, Reinforced concrete sheet piles, Steel sheet piles), By Application (Construction, Ports/Harbors, Urban Civil Engineering, Bridges, Other)and Regional Forecast, 2020-2027”. The interlocking design of sheet piles prevents backfill from reentering the excavated area, which makes them highly instrumental in construction. Sheet piles are recycled and reused and come in a wide variety of length and size options, which further increases their demand in the construction industry. In addition, they can be used for both, temporary as well as permanent structures, making them a more cost-efficient alternative compared to other options.

The COVID-19 contagion is turning out to be the biggest health emergency of all time. As a result, the world is witnessing a massive economic slowdown, breaking economies across the globe. Major players of their respective markets, along with the governments, are investing all their resources to overcome the current crises.

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Highlights of the report:

  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value data for each segment and sub-segment
  • Indicating the regions and segments that are expected to witness the fastest growth and are dominating the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Driving Factor

Increasing Applications in the Construction Industry to Drive Growth

The growing construction industry in terms of residential & commercial construction and infrastructure is expected to drive the global sheet piling market. Shifting population toward urban areas is one of the major factors enhancing the construction sector. Vast applications of sheet piling in the construction space is increasing the demand for sheet piles. This, in turn, is expected to drive the market for sheet piling. In addition, adoption of latest technologies is enabling new applications of piling, which is expected to further drive the growth.

Regional Insights

Rapid Industrialization and Urbanization in Asia Pacific to Augment Growth

Asia Pacific is expected to dominate the global sheet piling market owing to the rapid industrialization and urbanization in the developing countries of the region. In addition, presence of major sheet piling manufacturers will further propel growth in the sheet piling market. North America holds a significant share in the market owing to the heavy traffic in its ports, which has resulted in improved infrastructure of the ports.

Europe is witnessing a considerable increase in the market owing to the high production and sales of sheet piles in countries including the UK, Germany, France, and Italy, due to the presence of harbors and ports. These are expected to fuel the growth of the market in the region. The Middle East and Africa is expected to experience a significant growth over the forecast period due to growing disposable incomes and increasing urbanization.

Competitive Landscape

Strategic Investments to Find New Applications in the Construction Industry will Help the Market Grow

Major players in the market are making strategic investments in research and development activities to develop new applications of the sheet pilings in the construction industry. Latest technological progress is enabling key players to attain cost efficiency.

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Industry Development:

  • In December 2017, Nippon Steel & Sumitomo Metal Corporation(NSSMC) and Nippon Steel &SumikinKoutetsu Wakayama Company, its own affiliate, joined forces. This integration helped NSSMC improve its manufacturing operations.

List of Key Players Covered in the Sheet Piling Market Report:

  • Meever
  • JFE Holdings
  • ESC Group
  • TMK IPSCO
  • Northwest Pipe Company
  • Nippon Steel & Sumitomo Metal
  • Valiant Steel
  • EVRAZ North America
  • Zekelman Industries
  • S. Steel
  • American Steel Pipe
  • Others

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