Industry Background:
Color coated steel is also known as pre-painted steel. Color coatings are paint coatings and are specialty products, which are used to provide the steel a long term safety under a wide range of corrosive conditions, extending from atmospheric contact to full immersion in strongly corrosive solutions. A color coating provides strength to the substrate steel as it protects the steel so that its strength and integrity can be sustained. Color coating of steel is a continuous and extremely automated industrial process. The most broadly used coated steel is polyester.According to AMA Research, the market for Color Coated Steel is expected to register a CAGR of 3.65% during the forecast period to 2027. This growth is primarily driven by Growing Demand from End-Use Industries [construction, automotive and appliances].
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | BlueScope (Australia), Kerui Steel (China), NSSMC (Japan), ArcelorMittal (India), Baosteel (China), NLMK Group (Russia), HBIS Group (China), POSCO (South Korea), Ansteel (China) and Shougang Group (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Growth of the Downstream Industries
. Major Vendors, such as BlueScope (Australia), Kerui Steel (China), NSSMC (Japan), ArcelorMittal (India), Baosteel (China), NLMK Group (Russia), HBIS Group (China), POSCO (South Korea), Ansteel (China) and Shougang Group (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In November 2021, Wuppermann and Tata Steel have partnered together to expand their range of hot-rolled high-strength steels for chassis with good corrosion protection., In April 2021, Nippon Steel Corporation (Nippon Steel) will introduce ZAM®-EX, a highly corrosion-resistant coated steel sheet for global markets. and Mar 2, 2018: Agreement between ArcelorMittal and NSSMC regarding joint venture to acquire Essar Steel India Limited
Market Drivers
- Growing Demand from End-Use Industries [construction, automotive and appliances]
Market Trend
- Growth of the Downstream Industries
- Growing Demand in the Construction and Building Components Application
Restraints
- High Transportation Cost
- Demand-Supply Gap
Opportunities
Increasing potential to spend on basic home improvements
Challenges
Cost Reduction in Order to Maintain Quality
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Color Coated Steel Study Sheds Light on
The Color Coated Steel Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Color Coated Steel industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Color Coated Steel industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.