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Coated Steel Market: By Type, By Resin Type, By Application and Region Forecast 2019 - 2030
Coated Steel Market: By Type, By Resin Type, By Application and Region Forecast 2019 - 2030
Coated Steel Market size was valued at US$ 312.2 million in 2023 and is poised to grow at a CAGR of 5.6% from 2024 to 2030. The global market provides a detailed overview of the global coated steel market, and that can be segmented by type, resin type, and application. By type, the global market has been segmented into Electro-Galvanized Coated Steel, Hot-dip Galvanized Coated Steel, Precoated Steel, and Others. The Electro-Galvanized Coated Steel segment is likely to be the largest and fastest-growing segment in terms of type. Based on resin type, the global market is segmented into Fluoropolymer, Plastisol, Polyester, Siliconized Polyester, and Others. Based on application, the global market is segmented into Building & Construction, Automotive, Appliances, and Others. The Building & Construction segment accounts for the largest share in 2023.
Study Period
2024-2030Base Year
2023CAGR
5.6%Largest Market
Asia PacificFastest Growing Market
North America
High growth in automotive industry, growing demand from end user industries, high demand for corrosion-resistant and lightweight composites in construction, superior properties of the products and stiff competition in the coated steel industry are some key factors propelling the market growth.
However, disparity in the demand and supply of color coated steel and fluctuating prices of materials are hampering the market growth. For the past decades, the automotive industry has been in the forefront in demanding constant improvements. Steel supplies a wide range of advanced products and technologies to automotive industry. Automotive is also one of the major applications of coated steel where majorly the electro galvanization and paint coating accounts for considerable share in the market. With more complex press part shapes and faster acceptance of high strength steel sheets in recent years, extensively improved press formability has been demanded to the steel sheets, drawing extreme attention to surface lubrication technologies. Coated steel is used for manufacturing complex shaped interior and exterior parts of vehicles. Hence, high growth in automotive industry are fueling the market growth.
North America is expected to witness the highest market share during the forecast period it holds a tremendous potential market for global coated steel.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 312.2 million |
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Market CAGR |
5.6% |
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By Type |
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By Resin Type |
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By Application |
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By Region |
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The global coated steel market size was valued at US$ 312.2 million in 2023 and is projected to grow at a CAGR of 5.6% from 2024 to 2030.
The coated steel market key players are: ArcelorMittal S.A. (Luxembourg) Essar Steel Ltd. (India) Jindal Steel & Power Ltd. (India) Lysvenskii Metallurgicheskii Zavod Zao (Russia) Nippon Steel & Sumitomo Metal Corporation (Japan) OJSC Magnitogorsk Iron & Steel Works (MMK) (Russia) OJSC Novolipetsk Steel (NLMK) (Russia) Salzgitter AG (Germany) SSAB AB (Sweden) Tata Steel Ltd. (India) ThyssenKrupp AG (Germany) United States Steel (U.S.) Voestalpine AG (Austria)
The coated steel market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.