Coated Steel Market: Information by Type (Color-Coated Steel, Metallic-Coated Steel), Coating (Polyester, Epoxy, Polyurethane, Pure Zinc, Pure Aluminum, Aluminum Zinc), End-Use Industry (Automotive, Electrical and Electronics, Building & Construction), and Region — Global Forecast till 2027

Coated Steel Market Overview

The global coated steel market is expected to register a CAGR of over ~5% during the forecast period to cross ~USD 30 billion by 2027 . The right price inconstancy of raw materials is hampering the growth of the coated steel market. The unfavorable situations that occurred due to the covid-19 outbreak have affected the market but it was calculated to recover in the anticipated period. The main factor fueling the coated steel market is the increasing ultimatum from the domestic and electrical appliance industry. The building and construction components use is expected to dominate the world market for coated steel over the forecast period. Asia Pacific area is aimed to dominate the coated steel market across the world over the anticipated period. When a coating of organic or metallic elements is applied to the steel surface to protect from corrosion, it is called coated steel.

Global Coated Steel Market Share, by Type, 2017 (%)

Source: MRFR Analysis

Regional Analysis

The market in Asia-Pacific held the largest share of the global coated steel market in 2017 and is expected to register a higher CAGR during the review period. The increasing infrastructural developments in the region along with the need for cost-effective and aesthetically promising construction materials for interiors and exterior applications is driving the product demand. The expanding automotive industry in the region coupled with the growth of the automotive aftermarket in the region is the other market impetus factors expected to drive the demand for coated steel. Besides, the electrical and electronics industry is growing significantly in the ASEAN region, which is expected to propel the demand for coated steel during the forecast period.

The European market is also expected to grow under the purview of recovering demand steel among different end-users and presence of large number of automotive OEMs in the region.

The North American market is expected to register a healthy CAGR due to the rising demand for coated steel in major end-use industries, such as construction and automotive.

The Latin American market is expected to witness considerable growth due to the growing automotive industry and demand for consumer goods. The market in the Middle East & Africa is likely to exhibit considerable growth during the review period on account of growing construction and industrialization in the region.

Segmentation

The global coated steel market has been segmented by type, coating type, end-use industry, and region.

Based on type, the global market has been segmented into metallic-coated steel and color-coated steel.

By coating type, the global market has been divided into polyester, poly vinylidene fluoride, epoxy, polyvinyl chloride, polyurethane, pure aluminum, aluminum-zinc, pure zinc, and others. The polyester segment is further sub-divided into regular modified polyester, silicone modified polyester, and super durable polyester.

On the basis of end-use industry, the global market has been segregated into building and construction, automotive, electrical and electronics, industrial machinery, consumer goods, and others.

The global coated steel market, by region, has been studied concerning five regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Key Players

Some of the key players operating in the global coated steel market are JSW (India), ArcelorMittal (Luxembourg), SSAB (Sweden), POSCO (South Korea), JFE Steel Corporation (Japan), NLMK (Russia), NIPPON STEEL & SUMITOMO METAL CORPORATION (Japan), Essar (India), Tata Steel  (India), thyssenkrupp AG (Germany), Salzgitter Flachstahl GmbH (Germany), and Uttam Galva Steels Limited (India).Recent Development

Coated steel is accepted as an ideal and effective method for preventing the steel from corrosive environments. The market for coated steel is divided by product type, application, and geography across the world. According to a research report, the coated steel market is in the 15 countries across major regions, that includes Europe and North America. For each section, the market sizing and anticipates have been done on the basis of volume (million tons). Coated steel finds different uses in the construction industry to make attractive and functional buildings that meet high environmental and high-quality requirements. The coated steel provides immense strength that makes it applicable for construction buildings. However, coated steel included other qualities such as tensile, flexible, ductile, and cost-effective. The global construction segment is calculated to achieve USD 8 trillion by 2030, with countries such as India, China, and the USA driving the growth.

Intended Audience

• Coated Steel Manufacturers


• Traders and Distributors of Coated Steel


• Research and Development Institutes


• Potential Investors


• Raw Material Suppliers


• Nationalized Laboratories