The report forecasts that the global purlins and side rails market to grow at a CAGR of 5.80% during the period 2017-2021.
Global Purlins and Side Rails Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion operating in this market.
The latest trend gaining momentum in the market is lighter and stronger purlin profile. Cold-formed steel purlins and side rail systems have been used worldwide for several years. Although the technology has improved for the design of these sections, there has been no significant advancement in the actual development of the profile from the traditional Zed or Cee profile.
One of the major drivers for this market is increasing adoption of light gauge steel construction. The growing adoption of PEB buildings using cold-formed steel (CFS) provides a huge opportunity for the purlins and side rail players to capitalize upon. Manufacturing industries, such as power, automobiles, and engineering goods and services, including logistics, warehouses, and infrastructure, are large users of PEBs.
One of the major factors hindering the growth of this market is increasing raw material prices. From 2011 to 2016, the global purlins and side rail industry has been supported by cheap metal input costs. Steel prices had remained low due to the Chinese oversupply, allowing manufacturers to offer competitive prices to buyers while remaining profitable. During the forecast period, the industry is anticipated to continue growing, driven by increasing residential and commercial construction and the growing preference toward PEB buildings. However, the cost of steel is expected to rise slowly, restricting the industry's capacity to compete on the basis of price alone.
- Kingspan Group
Tata BlueScope Steel
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end-user
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/p94mr3/global_purlins