The recent study, Coated Steel Market forecasts the business performance of the Coated Steel market for the forecast period, 2021 to 2027. The study considers the estimated period as the base duration and brings to light the important information associated with the market size, share and growth rate of the Coated Steel 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.
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.
The product has a high demand from end-use industries, mostly the construction industries. This strong demand is expected in the near term to raise the global economy. Moreover, polyester resin is widely favored in factories due to its property of being heavily blocked by oxygen, which leaves the steel surface covered with sticky and flexible polyester. The polyester resin is seeing strong demand because of both of these effects, which in turn enhances the global coated steel market. Also, increasing people’s potential to invest in roofing variation, kitchens, and general household enhancements using steel-coated goods further fosters the market’s 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.
Market segment analysis:
- Color Coated
- Metallic Coated
- Automotive Industry
- Domestic Appliances
- Construction Industry
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- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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The research provides answers to the following key questions:
- What will be the growth rate of the Coated Steel market for the forecast?
- What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Coated Steel market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Coated Steel market for the forecast?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
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