Coated Steel Market - Share and Forecast [2021-2031]
The Coated Steel Market is expected to register a CAGR of 4.6% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product Type (Organic Coated Steel [PVDF, Polyester, PVC, and Others], Metallic Coated Steel [Galvanized, Galvannealed, and Others], Others). The report is also segmented based on Application (Building and Construction, Electronic Appliances, Automotive, Industrial Machinery, Oil and Gas, and Others). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Coated Steel Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Coated Steel Market Segmentation
Product Type- Organic Coated Steel
- Metallic Coated Steel
- Building and Construction
- Electronic Appliances
- Automotive
- Industrial Machinery
- Oil and Gas
Strategic Insights
Coated Steel Market Growth Drivers- Coated Steel Market Growth Driven by Construction Industry and Urbanization: The growth in the coated steel market is closely linked with the construction industry flourishing. The coated steel is used extensively for roofing, siding, and other structures because of its longevity, beauty, and capability to withstand any weather without the risk of corroding. With the pace of globalization, there are elevated rates of urbanization and infrastructural expansion which call for increased coated steel usage.
- Rising Demand for Corrosion-Resistant Coated Steel in Manufacturing Sectors: The need for corrosion-resistant components is different manufacturing sectors, such as automotive and appliances, and construction. Steel which has been coated allows for more longevity with the paint as well as protection from the elements and therefore is favored by industries. This pattern calls for the expansion of the market especially in areas with extreme weather.
- Sustainability and Performance Enhancements Fuel Coated Steel Market Expansion: These trends are expected to hasten the growth of the coated steel market. Polymers enhancing coatings for durable gages and green improvements are some of the crevices that enhance the sustainability and performance of coated steel products. The looming regulations do more than just make good business sense by responding to a shift in consumer expectations for quality and lasting performance materials, creating further demand for coated steel products.
- Sustainability Boosts Coated Steel Market with Eco-friendly Production Practices: The coated steel market has received a boost when it comes to sustainability with many manufacturers adopting sustainable production processes. Firms are embracing processes which lower the carbon footprint and increase recyclability, this is in conformity with international environmental standards. This repositioning of companies does not only respond to regulations, it also draws the attention of consumers who care about the planet.
- Technological Advancements Enhance Durability and Appeal of Coated Steel: Technological advancements in coating technologies have had an impact on the coated steel market. Modern coatings provide developments in durability, corrosion resistance and enhanced beauty for many applications. Such technological improvements are giving the opportunity to the high-performance coated steel product producers addressing the increasing demand from industries like construction, automotive, and household appliances.
- Coated Steel Market Expands in Emerging Markets Driven by Urbanization: Emerging markets are witnessing considerable growth in the coated steel sector due to urbanization and infrastructural growth. The situation is such that, as countries develop towards construction and manufacturing, coated steel products are on the rise. The trend is however quite beneficial to manufacturers who wish to grow their business and meet the needs of such regions.
- Coated Steel Market Growth Driven by Renewable Energy Sector: The Coated steel Market shall get a major boost from the renewable energy sector and wind and solar parks in particular. Coated steel is employed in the making of solar panels and wind turbines because of its corrosion resistance and durable nature. As such coated steel products will be in high demand due to the increase in demand for renewable energy.
- Lightweight, Corrosion-Resistant Coated Steel Fuels Automotive Industry Expansion: With the automotive industry changing from producing heavy automobiles to manufacturing lightweight cars that are fuel-efficient, there is an opportunity for coated steel. Coated steel is Corrosion resistant and has a great strength to weight ratio making it appropriate for use in automobiles. With the rising popularity of electric cars, there will be an increase in growth coated steel use in car parts resulting to market expansion.
- Coated Steel's Role in Manufactured Homes and Appliances Boosts Market Demand: Coated Steel Market can benefit from the increase in demand for manufactured homes by integrating the coated steel into home appliances. Coated steel’s combination of attractiveness and resistance to wear makes it appropriate for use in several appliance applications such as commercial refrigerators, washing machine, and other appliances. As consumers become more discerning and opt for attractive and durable products, manufacturers can take the coated steel route of creativity and innovation.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Coated Steel Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Coated Steel Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific held the largest share of the coated steels market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
High emphasis on sustainability is likely to remain the key trend in the market.
Nippon Steel Corporation, Yieh Corp, Arcelor Mittal Group, SSAB AB, Tata Steel, ANV Steel, NLMK Strasbourg SA, Hyndai Steel Company, POSCO, and Liberty Steel Group are among the leading players operating in the coated steels market.
Growing demand from the construction sector is driving the market growth
The Coated Steel Market is estimated to witness a CAGR of 4.6% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Coated Steel Market - By Resin Type
1.3.2 Coated Steel Market - By Application
1.3.3 Coated Steel Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. COATED STEEL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. COATED STEEL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. COATED STEEL MARKET - GLOBAL MARKET ANALYSIS
6.1. COATED STEEL - GLOBAL MARKET OVERVIEW
6.2. COATED STEEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COATED STEEL MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7.1. OVERVIEW
7.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. POLYESTER
7.3.1. Overview
7.3.2. Polyester Market Forecast and Analysis
7.4. FLUOROPOLYMER
7.4.1. Overview
7.4.2. Fluoropolymer Market Forecast and Analysis
7.5. SILICONIZED POLYESTER
7.5.1. Overview
7.5.2. Siliconized Polyester Market Forecast and Analysis
7.6. PLASTISOL
7.6.1. Overview
7.6.2. Plastisol Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. COATED STEEL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BUILDING AND CONSTRUCTION
8.3.1. Overview
8.3.2. Building and Construction Market Forecast and Analysis
8.4. APPLIANCES
8.4.1. Overview
8.4.2. Appliances Market Forecast and Analysis
8.5. AUTOMOTIVE
8.5.1. Overview
8.5.2. Automotive Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. COATED STEEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Coated Steel Market Overview
9.1.2 North America Coated Steel Market Forecasts and Analysis
9.1.3 North America Coated Steel Market Forecasts and Analysis - By Resin Type
9.1.4 North America Coated Steel Market Forecasts and Analysis - By Application
9.1.5 North America Coated Steel Market Forecasts and Analysis - By Countries
9.1.5.1 United States Coated Steel Market
9.1.5.1.1 United States Coated Steel Market by Resin Type
9.1.5.1.2 United States Coated Steel Market by Application
9.1.5.2 Canada Coated Steel Market
9.1.5.2.1 Canada Coated Steel Market by Resin Type
9.1.5.2.2 Canada Coated Steel Market by Application
9.1.5.3 Mexico Coated Steel Market
9.1.5.3.1 Mexico Coated Steel Market by Resin Type
9.1.5.3.2 Mexico Coated Steel Market by Application
9.2. EUROPE
9.2.1 Europe Coated Steel Market Overview
9.2.2 Europe Coated Steel Market Forecasts and Analysis
9.2.3 Europe Coated Steel Market Forecasts and Analysis - By Resin Type
9.2.4 Europe Coated Steel Market Forecasts and Analysis - By Application
9.2.5 Europe Coated Steel Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Coated Steel Market
9.2.5.1.1 Germany Coated Steel Market by Resin Type
9.2.5.1.2 Germany Coated Steel Market by Application
9.2.5.2 France Coated Steel Market
9.2.5.2.1 France Coated Steel Market by Resin Type
9.2.5.2.2 France Coated Steel Market by Application
9.2.5.3 Italy Coated Steel Market
9.2.5.3.1 Italy Coated Steel Market by Resin Type
9.2.5.3.2 Italy Coated Steel Market by Application
9.2.5.4 United Kingdom Coated Steel Market
9.2.5.4.1 United Kingdom Coated Steel Market by Resin Type
9.2.5.4.2 United Kingdom Coated Steel Market by Application
9.2.5.5 Russia Coated Steel Market
9.2.5.5.1 Russia Coated Steel Market by Resin Type
9.2.5.5.2 Russia Coated Steel Market by Application
9.2.5.6 Rest of Europe Coated Steel Market
9.2.5.6.1 Rest of Europe Coated Steel Market by Resin Type
9.2.5.6.2 Rest of Europe Coated Steel Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Coated Steel Market Overview
9.3.2 Asia-Pacific Coated Steel Market Forecasts and Analysis
9.3.3 Asia-Pacific Coated Steel Market Forecasts and Analysis - By Resin Type
9.3.4 Asia-Pacific Coated Steel Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Coated Steel Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Coated Steel Market
9.3.5.1.1 Australia Coated Steel Market by Resin Type
9.3.5.1.2 Australia Coated Steel Market by Application
9.3.5.2 China Coated Steel Market
9.3.5.2.1 China Coated Steel Market by Resin Type
9.3.5.2.2 China Coated Steel Market by Application
9.3.5.3 India Coated Steel Market
9.3.5.3.1 India Coated Steel Market by Resin Type
9.3.5.3.2 India Coated Steel Market by Application
9.3.5.4 Japan Coated Steel Market
9.3.5.4.1 Japan Coated Steel Market by Resin Type
9.3.5.4.2 Japan Coated Steel Market by Application
9.3.5.5 South Korea Coated Steel Market
9.3.5.5.1 South Korea Coated Steel Market by Resin Type
9.3.5.5.2 South Korea Coated Steel Market by Application
9.3.5.6 Rest of Asia-Pacific Coated Steel Market
9.3.5.6.1 Rest of Asia-Pacific Coated Steel Market by Resin Type
9.3.5.6.2 Rest of Asia-Pacific Coated Steel Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Coated Steel Market Overview
9.4.2 Middle East and Africa Coated Steel Market Forecasts and Analysis
9.4.3 Middle East and Africa Coated Steel Market Forecasts and Analysis - By Resin Type
9.4.4 Middle East and Africa Coated Steel Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Coated Steel Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Coated Steel Market
9.4.5.1.1 South Africa Coated Steel Market by Resin Type
9.4.5.1.2 South Africa Coated Steel Market by Application
9.4.5.2 Saudi Arabia Coated Steel Market
9.4.5.2.1 Saudi Arabia Coated Steel Market by Resin Type
9.4.5.2.2 Saudi Arabia Coated Steel Market by Application
9.4.5.3 U.A.E Coated Steel Market
9.4.5.3.1 U.A.E Coated Steel Market by Resin Type
9.4.5.3.2 U.A.E Coated Steel Market by Application
9.4.5.4 Rest of Middle East and Africa Coated Steel Market
9.4.5.4.1 Rest of Middle East and Africa Coated Steel Market by Resin Type
9.4.5.4.2 Rest of Middle East and Africa Coated Steel Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Coated Steel Market Overview
9.5.2 South and Central America Coated Steel Market Forecasts and Analysis
9.5.3 South and Central America Coated Steel Market Forecasts and Analysis - By Resin Type
9.5.4 South and Central America Coated Steel Market Forecasts and Analysis - By Application
9.5.5 South and Central America Coated Steel Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Coated Steel Market
9.5.5.1.1 Brazil Coated Steel Market by Resin Type
9.5.5.1.2 Brazil Coated Steel Market by Application
9.5.5.2 Argentina Coated Steel Market
9.5.5.2.1 Argentina Coated Steel Market by Resin Type
9.5.5.2.2 Argentina Coated Steel Market by Application
9.5.5.3 Rest of South and Central America Coated Steel Market
9.5.5.3.1 Rest of South and Central America Coated Steel Market by Resin Type
9.5.5.3.2 Rest of South and Central America Coated Steel Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. COATED STEEL MARKET, KEY COMPANY PROFILES
11.1. ARCELORMITTAL S.A.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ESSAR STEEL INDIA LIMITED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MAGNITOGORSK IRON AND STEEL WORKS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NLMK GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SALZGITTER FLACHSTAHL GMBH (SALZGITTER AG)
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SSAB AB
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. TATA STEEL LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. THYSSENKRUPP AG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. UNITED STATES STEEL CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VOESTALPINE AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ArcelorMittal S. A.
2. ESSAR Steel India Limited
3. Magnitogorsk Iron and Steel Works
4. NLMK Group
5. Salzgitter Flachstahl GmbH (Salzgitter AG)
6. SSAB AB
7. Tata Steel Limited
8. thyssenkrupp AG
9. United States Steel Corporation
10. Voestalpine AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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