Steel Framing Market - Forecast(2021 - 2026)
Steel framing market has been majorly driven by lower construction costs as compared to concrete structures factors. Steel framing’s strength to-weight ratio significantly exceeds that of wood or concrete. Being strong and relatively lightweight, Cold-Formed Steel (CFS) systems reduce a building’s total load which, in turn, allows the owner to save costs beginning at the foundation. Various reasons are responsible for steel framing going to the front line as one of the most possible option and truly outstanding building materials for residential and commercial construction. Steel is a predominant construction material with many advantages.
What is Steel Framing?
What are the major applications for Steel Framing?
Market Research and Market Trends of Steel Framing Ecosystem
- The versatile demand from customers has forced the manufacturers to concentrate on designs by incorporating BIM.BIM technology has assisted in incorporation of precise information on wall elements and design properties, such as UL assemblies based on fire-rating requirements, STC sound ratings and limiting height design in an intelligent way. Manufacturing advancements coupled with redesigns of the basic stud profile have resulted in products that have attained the same or greater limiting heights as standard thickness members. Steel studs are now available for complex structures such as curved walls also.
- EQ Coatings that are specialized, high-performance coatings are among the biggest advancements to cold-formed steel members in recent years. They are added to the corrosion resistance of the existing base coating of steel framing members; in many cases exceeding the performance of traditional G40 steel. In support of the mission of sustainable construction EQ studs studs can now be produced using less steel with improved yield strength than that of traditional steel. Even, the industry’s currently most recognized name in steel framing, the ProSTUD® Drywall Framing System is an EQ stud.
- Pre-engineered systems such as RedHeader PRO reduce the number of components needed to frame rough openings. Such innovations have significantly leaded to reduction of the on-site labor for assembling multiple window or door structures. Integrated steel framing systems, such as those developed with passive fire-stop technology are also being incorporated into the steel framing members. They save time and help ensure enhanced safety to inhabitants’.
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- There are now mobile apps also available due to intervention of IT sector which help architects and contractors in evaluating decisions for sale and purchase. They assist in product selection for steel framing projects, including access to cost-saving calculators and submittal forms. Steel joists offer consistent quality, predictable performance and high strength-to-weight ratio, and they are dimensionally stable. They resist contraction, warp, crack or twist which makes them perfect for use in both residential and commercial projects.
- The construction industry has recovered from the recession, and total construction employment has rebounded. The evolution in design and construction functions has taken place simultaneously during the past few years. There has been a transition from electronic drafting towards high-resolution digital modeling. Ubiquitous digital connectivity, cloud computing, 3-D printing and big data have been the drivers responsible for the current engineering, architecture, fabrication, construction and other related disciplines. These technologies are further expected to aid growth of steel framing market.
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