The report "Coated Steel Market by Resin Type (Polyester, Fluoropolymer, Siliconized Polyester, Plastisol, and Others), by Application (Building & Construction, Appliances, Automotive, and Others) - Global Forecast to 2020", The global coated steel market (2015–2020) is projected to reach USD 26.68 Billion by 2020 registering a CAGR of 5.30% between 2015 and 2020. The major driver identified for the global coated steel market is growing demand from end-use industries such as construction, automotive, and appliances; stiff competition in the coated steel industry; inexpensive than electro-galvanizing process; product quality and differentiation; durability of cut edges; and fluoropolymer continue to grow in the building & construction market.

Download Free PDF Brochure: https://bit.ly/2TWaQIi

The coated steel market is highly competitive, with key market players, such as ArcelorMittal S.A. (Luxembourg), SSAB AB (Sweden), Salzgitter AG (Germany), OJSC Novolipetsk Steel (NLMK) (Russia), Voestalpine AG (Austria), OJSC Magnitogorsk Iron & Steel Works (MMK) (Russia), ThyssenKrupp AG (Germany), Nippon Steel & Sumitomo Metal Corporation (Japan), United States Steel (U.S.), Essar Steel Ltd. (India), Tata Steel Ltd. (India), Lysvenskii Metallurgicheskii Zavod Zao (Russia), and Jindal Steel & Power Ltd. (India), accounting for a sizable share in the global market.

On the basis of Resin Type:

Polyester
Fluoropolymer
Siliconized Polyester
Plastisol
Others
On the Basis of Application:

Building & Construction
Appliances
Automotive
Others
For More Info: https://www.marketsandmarkets.com/Market-Reports/coated-steel-market-173368855.html

Growing demand from end-use industries is driving the demand for coated steel

The growth of the downstream industries is the key driving force for the coated steel market. For example, in the refrigerator market, the sales in the Asia-Pacific region have witnessed a steady growth in the past few years. China and India are the key production hubs of refrigerators due to huge domestic demand and low production costs. The great demand from such end-use industry has driven the market for coated steel. The increasing potential to spend on upgrades for kitchens, roofing, and basic home improvements and additions most of which include steel coated products are driving the coated steel market.

Polyester the largest resin type for coated steel

In 2015, the polyester resin segment accounted for the largest market share, in terms of value. Polyester resins form highly durable structures and coatings are cross-linked with a vinylic reactive monomer, which is most commonly styrene. The current industry trend highlights the use of polyester resin above all other resin types. In addition, it has limited use in the coatings industry primarily because curing is strongly inhibited by oxygen, leaving the surface of the polyester-coated steel soft and sticky. Due to these properties, the polyester-coated steel are the most broadly used coated steel, globally.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]