Coated Steel Market orth,Trends, Revenue Share Analysis, Forecast, 2020–2027
The increasing demand from end-use industries and growing disposable income are driving the need for the market.
Market Size – USD 23.90 Billion in 2019, Market Growth - CAGR of
5.2%, Market Trends – Growing downstream industries.
The global Coated Steel Market is forecast to reach USD 34.90 Billion by 2027, according to a new report by Reports and Data. The driving factors noted for the global coated steel market is increasing requirement from end-use sectors such as construction, automobile industries, and appliances; growing competition in the sector; relatively cheap than electro-galvanizing process; quality of products and differentiation; cutting edge durability; and fluoropolymer continues to expand in the renovation & construction market.
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Market
Overview:
The global Coated Steel market is rapidly
expanding over the last few years and is expected to register a robust CAGR in
the coming years. Technological advancements, increasing need to develop
sustainable and biodegradable products, and rising disposable income across the
globe are key factors boosting global market growth. Increasing investments and
funding from government to support materials and chemical industry and
increasing demand for chemicals and raw material in various sectors including
pharmaceutical and biotechnology, food and beverage, and increasing awareness
about organic soaps and perfumes are further expected to fuel market growth.
Competitive
Landscape:
The global Coated Steel market is extremely
competitive and comprises various regional and global market players. These key
players are involved in various strategies such as mergers and acquisitions,
collaborations, partnerships joint ventures and new product launches to gain
robust footing in the market.
Leading
companies operating in the global Coated Steel market are:
·
ArcelorMittal S.A.,
·
SSAB AB,
·
Salzgitter AG,
·
OJSC Novolipetsk Steel,
·
Voestalpine AG,
·
ThyssenKrupp AG,
·
Nippon Steel,
·
Sumitomo Metal Corporation,
·
Essar Steel Ltd.,
·
Tata Steel Ltd.,
·
and Jindal Steel & Power Ltd.,
·
among others.
The report also provides details about segments
in the global Coated Steel market.
Read More Report: https://www.reportsanddata.com/report-detail/coated-steel-market
Market
segment analysis:
Type Outlook:
·
Color Coated
·
Metallic Coated
Application
Outlook:
·
Automotive Industry
·
Domestic Appliances
·
Construction Industry
·
Furniture
·
Packaging
·
Fabrication
·
Others
Regional
Outlook:
·
North America
o
US
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
Italy
o
France
o
BENELUX
o
Rest of Europe
·
Asia Pacific
o
China
o
India
o
Japan
o
South Korea
o
Rest of APAC
·
Latin America
o
Brazil
o
Rest of LATAM
·
Middle East & Africa
o
Saudi Arabia
o
UAE
o
South Africa
o
Rest of MEA
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