By Cameron Chai
Research and Markets has included a new report titled ‘Sheet Metal Industry in the US’ to its catalogue.
Recovery in the general economy and housing market spurs sheet metal demand in the United States. According to the report demand for sheet metals in the United States is expected to surpass $20 billion in 2016. The improvement in construction expenses, especially in the residential building sector, will drive this market growth.
Although rising prices of essential materials like steel and aluminum may affect profits of companies, their overall revenues will witness a growth. However, increasing imports will continue to pose a challenge to the growth of the industry during the next five years. China and Canada represent a major share of domestic consumption.
Companies operating in this market fabricate metal-framed windows, sheet metal work, architectural and ornamental metal products, and metal doors. These products are mainly utilized in building construction, repair and maintenance. Aluminum recyclinghas also become common and numerous aluminum siding products comprise significant amount of recycled content, thus increasing their ‘green’ value under LEED specifications.
Several variables influence the demand for metal sheet products. However, most variables are not under the control of sheet metal producers. Construction applications account for the largest share in the sheet metal product market. Hence building activity trends are important indicators of the sheet metal industry.
Key topics covered in the report Executive Summary; Introduction to Sheet Metal; US Market for Sheet Metal; Industry Trends & Structure; Major Industry Players; Industry Forecast; and Glossary. Companies mentioned in the report include Nucor, General Sheet Metal Works, Bud Industries, ATAS International, Associated Materials, United States Steel, NCI Building Systems, and BlueScope Steel.