Coated steel is highly lucrative market with moderate growth prospect in coming 5 years. Coating on steel differs depending on the application and customer demands. Steel coating enhances sustainability of steel by developing its corrosion-resistant property. Metal coating (metallic coating), paint coating, galvanized coating, and electro-plated coating, among others are various different types of steel coating. Coating offers high resistance to rusting and provides aesthetic look. Coated steel finds various applications in industries including building & construction, fabrication, automotive, domestic appliances, among others. All the major applications of coated steel are analyzed in this report. Building & construction is a wealthy industry with high demand for steel; hence the potential growth in terms of size and worth, for coated steel also lies majorly in this application sector. Moreover, 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. Color coated sheet are applied in automotive and construction industries for various purpose.
The report highlights various different type of coated steels including hot-dip galvanized coated steel, electro-galvanized coated steel, and pre-coated steel. Among these hot-galvanized steel is most widely used and involved zinc coating on steel. This type of coated steel prevents corrosion by depositing a thick layer of zinc alloy on the surface of steel, which prevents even the most delicate parts of metal by upgrading its corrosion-resistant faculty. Some application verticals of zinc coated steel sheets are refrigerators, washing machines, vending machines etc. The report also covers coated steel market by various resin types. These include polyester color coated steel, fluoropolymer color coated steel, siliconized polyester color coated steel, and plastic color coated steel. Some of their applications that can be considered as examples are of fluoropolymer coated steel in the water works industry and polysester coated steel in the building and construction industry.
The report talks about the prime supply and demand side factors affecting the growth of the market along with the current and future trends. It also scrutinizes and forecast the prices of raw materials and their fluctuating and stability tendencies. The study also presents a detailed assessment of the market along the lines of market drivers, restraints, market size, growth opportunities, challenges and well worth chain. It also focuses on the status and outlook for major applications and end users verticals. Besides, the value chain analysis, pricing analysis, opportunity analysis of the coated steel market along with an analysis of suppliers & distributors and product lifecycle captures major portion in the report.
All major geographies including North America, Asia-Pacific, Latin America, and Europe are analyzed and their market estimation and forecast is covered in the report. All major revenue generating countries in these regions are also analyzed and finds important place in this research study. China is the major producer of coated steel in terms of volume; closely followed by European countries and the U.S. This is majorly due to the flourished construction and automotive industries in these countries. Japan, South Korea, Taiwan, and India are also the high growth potential countries in Asia-Pacific region capturing major share in the global coated steel market.
Being highly adaptive technology, the investment opportunities, competitive analysis, and product patent analysis has been given major importance in the report. This report offers analysis of competitiveness for the existing market companies and the new entrants, with high emphasis on market strategies such as new product launches, mergers & acquisitions, partnerships, joint ventures, and collaborations. Overall, the report offers a current market scenario, key revenue pockets, and growth potential applications, along with the future perspectives.
The report offers detailed knowledge on the competitiveness of the coated steel market. The key business strategies and developments adopted by the key companies in this market are tracked and highlighted under market entropy section of the report. Market share analysis of these players depending on the supply/shipment of their products is also covered in the report.
Some of the major manufacturers that are profiled in the report include:
- ArcelorMittal S.A
- SSAB AB
- OJSC Novolipetsk Steel
- Voestalpine AG
- Essar Steel Ltd. (India)