Coated Steel Market: By Type (Electro-Galvanized Coated Steel, Hot-dip Galvanized Coated Steel, Precoated Steel and Others), By Resin Type (Fluoropolymer, Plastisol, Polyester, Siliconized Polyester and Others), By Application (Building & Construction, Automotive, Appliances and Others) and Geography    

Coated Steel Market Dynamics

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.