MARKET OVERVIEW
The coated steel industry, from the recent research reports, is anticipated to grow from USD 5 billion in 2020 to USD 30 billion by 2027 with a compound annual growth rate (CAGR) of 5%. Coated steel is those products of steel that have a layer of coating that is either colored or metallic. For metallic and colored coating, aluminum-zinc and polyester resin are used respectively. Coated steel has various applications like cladding, light fittings, roofing, sandwiched panels, etc.
MARKET SEGMENTATION
Looking at the latest research analysis, the coated steel industry can be bifurcated based on type, coating type, and end-user. Out of all the segments of this market, the construction and building segment will witness tremendous growth during the forecast period. As with the evolution of urbanization, the demand for residential, commercial, and industrial infrastructure is increasing at a very fast pace. Also, the government policies help the people in getting house loans at very lower interest rates which in turn is increasing the demand for new houses and will be contributing towards the growth of this segment.
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If we look at this industry then based on type, it is categorized into steel coated with metallic coating and steel coated with color coating.
Further based on coating type, it has polyvinylidene fluoride, polyvinyl chloride, pure aluminum, pure zinc, aluminum-zinc, polyurethane, epoxy, polyester, and others.
The polyester segment is further divided into super durable polyester, regularly modified polyester, and silicone modified polyester.
Lastly based on end-user, it has building, automotive, construction, electrical, consumer goods, electronics, industrial machinery, and others
REGIONAL ANALYSIS
If we look at coated steel market share and other details, this industry is remarkably working in five major regions of the world that is Asia Pacific, Europe, North America, Latin America, Middle East, and Africa. During the forecast period, the Asia Pacific region will dominate this market and is anticipated to register the highest compound annual growth rate (CAGR) during the forecast period. Many factors will be responsible for this growth and some of them are the increasing number of infrastructural developments, inflating automotive industry along with the growth of automotive aftermarket, and the rising adoption of coated steel in the electronics and electrical industry. The European and North American region will also experience noteworthy growth during the forecast period due to rising demand and adoption of coated steel in the automotive and construction sector.
Based on the data obtained from coated steel industry analysis, the prominent players of this market are JSW (India), SSAB (Sweden), JFE Steel Corporation (Japan), NIPPON STEEL & SUMITOMO METAL CORPORATION (Japan), Tata Steel (India), Salzgitter Flachstahl GmbH (Germany), ArcelorMittal (Luxembourg), POSCO (South Korea), NLMK (Russia), Essar (India), ThyssenKrupp AG (Germany), and Uttam Galva Steels Limited (India)
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TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of Global Coated Steel Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
Continue…
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INDUSTRY NEWS
A product named ZAM-EX which will be a highly corrosion-resistant sheet of coated steel is expected to be launched in March 2022 by Nippon Steel Corporation.
Assets of PRASSAS metal products which is a steel trading and distributor of coated coil products have been acquired by a mill steel company (an Indian-based distributor of flat-rolled carbon steel).
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