As per this study the Global Coated Steel Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Coated steel is an economical and effective way to protect steel from corrosion. Coating steel method includes hot dipped, electro galvanized, aluminized, galvannealed, galvalume, and others. Coating of steel is basically done for increasing strength, thickness, width, surface quality, and surface finish. Steel can be coated with several types of metallic coatings and color coated steel is also known as pre-painted steel. Coated steel has application across various industries including automotive, appliances, building & construction, and others.
The growing urbanization and construction owing to shifting preference of people towards nuclear family is driving the market growth. Also, the rising demand from end-use industries is another factor fuelling the market growth. Along with this, increasing disposable income leads to high potential of people to spend on improvement of roofing, kitchens, and other basic household construction where coated steel is used is again boosting the market growth. On the other hand, high cost associated with color-coated steel composites may hamper the market growth over the forecast period. Whereas, high demand across household applications is further expected to offer the opportunity growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of coated steel.
The broad coated steel market has been sub-grouped into resin type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Resin Type
- Siliconized Polyester
- Building & Construction
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for coated steel in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Coated Steel Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the coated steel market includes Arcelormittal S.A., Essar Steel Ltd., Jindal Steel & Power Ltd., Lysvenskii Metallurgicheskii Zavod ZAO, Nippon Steel & Sumitomo Metal Corporation, OJSC Magnitogorsk Iron and Steel Works, OJSC Novolipetsk Steel, Salzgitter AG, SSAB AB, Tata Steel Limited, Thyssenkrupp AG, United States Steel and Voestalpine AG. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.