Pune, India, April 19, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that global coated steel market is anticipated to register an 4.4% CAGR growth rate during the forecast period 2021-2027. Increasing construction and infrastructure development activities are primarily driving the industry growth. Besides, advancements in galvanizing technology to better protect steel from corrosion are enhancing the industry outlook.
Proceeding further, a major part of the study involves a granular analysis of the market with respect to its various segments. Lastly, the competitive landscape section lays out a blueprint of the strategies deployed by major players to help new businesses as well as other industry partakers in making well-informed decisions.
Notably, steel is a highly versatile material that finds applications in various products and industries. Its innate ability to be coated with various treatments contributes to its durability and adaptability. Coating steel surfaces lend it improved resistance from wear and tear resistance, corrosion, and other external elements while simultaneously augmenting the aesthetics.
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Market segmentation rundown
Based on product type, global coated steel market from metallic coated steel is further segmented into electrogalvanized, hot-dip galvanized, and others (galfan, galvalume & aluminized). The others segment is touted to progress at a CAGR of over 3.8% over the forecast period.
Considering the application spectrum, apart from appliances, automotive, building & construction, the others segment is expected to witness an uptick with a CAGR of 3.3% through 2027.
Regional overview
Latin America market is anticipated to garner strong returns in the upcoming years, with a CAGR of 4.2% over the analysis period 2017-2027.
Competitive landscape summary
JSW Steel Ltd., Severstal' PAO, SSAB AB, Baosteel Group, OJSC Novolipetsk Steel, Nippon Steel Corporation, JFE Steel Corporation, Voestalpine AG, Posco Holdings Inc., Essar Group, and ArcelorMittal are the major players influencing global coated steel business sphere.
The companies are focusing on new product development and innovations to elevate their standing in the marketplace. For instance, Nippon Steel Corporation in April 2021 launched its superior steel sheets named ZAM-EX to fulfill the surging demand for corrosion-resistant coated steel sheets in the solar power industry.
Citing another major development, Tata Steel in November 2020 launched its novel coated steel called Galvanova that caters to a wide range of applications across the home appliances, automotive, solar panel, and HVAC industries.
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Global Coated Steel Market, by Type (Thousand Tons, USD Million, 2017-2027)
Metallic Coated Steel
- Electrogalvanized
- Hot-dip Galvanized
- Others (Galfan, Galvalume & Aluminized)
Tinplate
Organic Coated Steel
Global Coated Steel Market, by Application (Thousand Tons, USD Million, 2017-2027)
- Appliances
- Building & Construction
- Others
Global Coated Steel Market, by Region (Thousand Tons, USD Million, 2017-2027)
North America
- United States
- Canada
Europe
- United Kingdom
- Germany
- Italy
- France
- Spain
- Russia
Asia Pacific
- India
- China
- South Korea
- Thailand
- Vietnam
- Japan
Latin America
- Mexico
- Brazil
- Chile
Middle East & Africa
- Saudi Arabia
- Turkey
- UAE
- South Africa
Global Coated Steel Market Company Profiles (Value, USD Million, 2017-2027)
- Tata Steel Ltd.
- Nucor Corporation
- Kobe Steel Ltd.
- China Steel Corporation
- JSW Steel Ltd.
- Severstal' PAO
- SSAB AB
- Baosteel Group
- OJSC Novolipetsk Steel
- Nippon Steel Corporation
- JFE Steel Corporation
- Voestalpine AG
- Posco Holdings Inc.
- Essar Group
- ArcelorMittal
Table of Content:
Chapter 1 Methodology and Scope
1.1 Market definitions
1.2 Base estimation & working
1.2.1 North America
1.2.2 Europe
1.2.3 Asia Pacific (APAC)
1.2.4 Latin America (LATAM)
1.2.5 Middle East & Africa (MEA)
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data Sources
1.4.1 Paid sources
1.4.2 Primary
1.4.3 Secondary
Chapter 2 Executive Summary
2.1 Global coated steel industry 360 degree synopsis, 2017 - 2027
2.1.1 Business trends
2.1.2 Type trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Global Coated Steel Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2017 - 2027
3.2.1 COVID-19 impact on coated steel industry
3.3 Industry ecosystem analysis
3.3.1 Raw material supply
3.3.2 Value addition at each stage
3.3.3 Vendor matrix
3.3.3.1 List of key raw material suppliers
3.3.3.2 List of key coated steel manufactures
3.3.3.3 List of key potential customer
3.4 Pricing analysis (including COVID-19 impact)
3.4.1 Regional price trends
3.4.2 Cost structure analysis, 2020
3.5 Innovation & sustainability
3.5.1 Technology landscape
3.5.2 Future trends
3.6 Regulatory landscape
3.6.1 U.S
3.6.2 Europe
3.6.3 China
3.7 Industry impact forces
3.8 Growth potential analysis, 2020
3.9 Porter's analysis
3.10 Competitive landscape
3.10.1 Top player's analysis, 2020
3.10.2 Strategy dashboard
3.11 PESTLE analysis
3.12 COVID-19 impact on steel industry
Chapter 4 Coated Steel Market, By Type
4.1 Global coated steel market insights, by type
4.2 Metallic Coated Steel
4.3 Organic Coated Steel
4.3.1 Global market estimates and forecasts, 2017 - 2027
4.3.2 Market estimates and forecast, by region, 2017 - 2027
4.4 Tinplate
4.4.1 Global market estimates and forecasts, 2017 - 2027
4.4.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 5 Coated Steel Market, By Application
5.1 Global coated steel market insights, by application
5.2 Building & Construction
5.2.1 Global market estimates and forecasts, 2017 - 2027
5.2.2 Market estimates and forecast, by region, 2017 - 2027
5.3 Appliances
5.3.1 Global market estimates and forecasts, 2017 - 2027
5.3.2 Market estimates and forecast, by region, 2017 - 2027
5.4 Automotive
5.4.1 Global market estimates and forecasts, 2017 - 2027
5.4.2 Market estimates and forecast, by region, 2017 - 2027
5.5 Others
5.5.1 Global market estimates and forecasts, 2017 - 2027
5.5.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 6 Coated Steel Market, By Region
Related Report:
Iron & Steel Casting Market Size, By Material (Iron [White Iron, Ductile Iron, Gray Iron], Steel), By Process (Sand Casting, Die Casting), By Application (Automotive; Industrial Machinery; Pipe, Fittings & Valves; Power & Electrical; Sanitary), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 - 2027
The iron & steel castings market size is projected to foresee commendable growth in coming years owing rapid industrialization, rising construction activities as well as infrastructure development across the globe, and high product usage across applications such as sanitary, automotive, power & electrical, pipes, fittings, and valves, and industrial machinery among many others. Casting provides peculiar capacity for design detail, often removing the need for extra fabrication and assembly. Numerous materials can be cast, including various kinds of synthetics and metals, however iron & steel are known to be the best and most favored. Iron and steel are both known to be ferrous metals comprising of primarily iron atoms. Iron and steel casting is referred as the process of producing iron & steel-based products utilizing molds to form the molten metal. From a regional frame of reference, Middle East & Africa region will witness around 5% CAGR over the forecast time period. This anticipated growth is attributed to the rising construction activities coupled with increasing industrialization.
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