What will be the future of Coated Steel Market ?


Posted July 25, 2018 by abhijeetw1

The coated steel market size, in terms of value, is estimated to reach USD 26.68 Billion by 2020, signifying a firm CAGR of over 5.30% between 2015 and 2020.

 
The coated steel market is estimated to grow from USD 20.62 Billion in 2015 to USD 26.68 Billion by 2020, at a CAGR of 5.30% between 2015 and 2020. The coated steel industry is witnessing moderate growth because of demand from end-use industries. Coated steel is largely used in building & construction and appliances industries.



The coated steel industry finds its application majorly in building & construction, appliances, automotive, and other industries, which includes AHU, generator canopy, signage, solar heaters, lighting fixtures, furniture, metal doors & frames, and decking profilers. The growth of building & construction application is driven by increasing urbanization in Asia-Pacific and RoW, which resulted into increased demand for residential, commercial, and industrial infrastructure. Low interest rates on housing loans are also responsible for increase in the demand for new houses, eventually driving the market.



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Paint is chosen by its resin type, which gives the film its gloss as well as resistance. The polyester coated steel is the major market and is mainly used in the building & construction industry. In siliconized polyester resin, silicone improves the gloss retention and weather resistance of polyester coatings. The other resins used in coated steel are fluoropolymer, plastisol, and others.

Currently, the Asia-Pacific region is the largest market of coated steel and is estimated to witness the highest CAGR. Countries such as China, India, Japan, and South Korea are expected to lead the Asia-Pacific coated steel market, with China accounting for the largest share in the regional demand for coated steel. Currently, the market size, in terms of volume, for coated steel is comparatively low in Mexico. However, Mexico is expected to grow at the highest rate in the North America region.

Target audience:

Manufacturers of coated steel, steel, and other raw material manufacturers
Converters of coated steel for building & construction, appliances, automotive, and other applications such as furniture and packaging
Traders, distributors, and suppliers of coated steel
Regional manufacturers' associations and general coated steel associations
Coil coating manufacturers
Government and regional agencies and research organizations
“The study answers several questions for the stakeholders, primarily which market segments to focus in the next two-to-five years for prioritizing efforts and investments and competitive landscape of the market”.

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Scope of the Report:

The coated steel market has been covered in detail in this report. To provide an all-round picture, the current market demand and forecasts have also been included. The coated steel market is segmented as follows:

On the basis of Resin Type:

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

Building & Construction
Appliances
Automotive
Others
On the Basis of Region:

Asia-Pacific
Europe
North America
RoW

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Issued By marketsandmarkets
Country United States
Categories Business , Industry , Manufacturing
Tags Coated Steel , Coated Steel Market , Color Coated Steel Market
Last Updated July 25, 2018