Coated Steel Market Statistics, Overview,Outlook, Forecast and Analysis Report

 The increasing demand from end-use industries and growing disposable income are driving the need for the market.

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.

Market Size – USD 23.90 Billion in 2019, Market Growth - CAGR of 5.2%, Market Trends – Growing downstream industries.

The demand for the market is expected to be powered mainly by the growth in the construction field. Expanded development of appliances in various regions, coupled with the advent of a phenomenal mobile aftermarket industry, is expected to lead to the growth of such materials in the coming years. Automation is effective; coating procedures are expected to improve demand over the projected period. Moreover, extensive R&D for the manufacture of advanced steel is anticipated to boost the market growth.

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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
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

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Further key findings from the report suggest

  • The APAC is expected to intensify with an estimated 8.4% CAGR, due to the booming construction industry, the demand in emerging nations such as China and India is rising. The government has taken steps for urbanization, and industrialization has led to the rapid growth of the production sector in the country, which will have a significant impact on regional growth.
  • North America is the second-biggest market trailed by the Asia Pacific due to rapidly increasing semiconductors and electronics. The U.S. soared as the largest market for the components in North America in 2019. This has been credited with the introduction of the country's refurbishing business.
  • The construction industry established as the most significant application segment, and in 2019 was valued at USD 5.16 billion.

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