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Color Coated Steel Market Size, Share, Growth, Research and Forecast 2019-2025

01-19-2021 12:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The color coated steel market is growing at a significant CAGR during the forecast period. Color coated steel is a light material, beautiful and has good corrosion resistance property. Color coated steel is manufactured by cold rolling of steel followed by galvanization process and a continuous coating is applied to it. The coating on the steel differs according to customer preference as well as the type of application. Metal coating, galvanized coating, paint coating, and electro-plated coating are some common types of steel coating. Color coated steel can be directly processed and utilized in shipbuilding, automobile manufacturing, construction, electrical industry and so on.

A full report of Color Coated Steel Market is available at: https://www.omrglobal.com/industry-reports/color-coated-steel-market

The major factor driving the growth of the color coated steel industry is the increasing demand from various end-user industries. There is a high demand for steel in the building and construction industry, coated steel is highly used in this sector as well and hence contributing to the growth of the market. Furthermore, the automobile sector accounts for a major share in the market, electro galvanization and paint coated steel are in very high demand owing to their various applications in the industry.

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Moreover, rise of disposable income in developed as well as developing economies is assisting in the growth of the market owing to the tremendous utilization of color coated steel in upgrades for kitchens, roofing, basic home improvements,and furniture industry. Further, the growth of downstream industries is simultaneously increasing the demand for coated steel. However, economic downturns and government policies along with foreign trade policies are likely to hinder the market over the forecast period.
The key market players dominating the market include ArcelorMittal SA, SSAB AB, United States Steel Corp., Tata Steel Ltd., BlueScope, Kerui Steel, ThyssenKrupp, Baosteel, and Vietnam Steel Corp. In 2019, Steel Dynamics, Inc announced the acquisition of 75% stakes of United Steel Supply, a US-based distributor of painted Galvalume flat roll steel used for various applications. This partnership assisted the company is getting the customer base and employees of United steel supply. Moreover, it enabled the company to expand its distribution network of galvalume flat roll steel

Global Color Coated Steel Market - Segment

By Form

• Coil
• Sheets
• Corrugated
• Plain

By Coating Type

• Galvanized Steel
• Galvannealed Steel
• Others (Tin-coated Steel Sheets)

By End-User

• Building & Construction
• Automotive
• Household Appliances
• Others

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/color-coated-steel-market

Global Color Coated Steel Market - Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• ArcelorMittal SA
• Asian Colour Coated Ispat Ltd. (ACCIL)
• Bhushan Power & Steel Ltd.
• Essar Steel Ltd.
• FIW Steel Sdn Bhd.
• INTERNATIONAL STEELS LTD.
• Jindal Group
• JP Steel Plantech Co.
• MMK Group
• National Steel and Agro Industries Ltd.
• Nippon Steel & Sumitomo Metal Corp.
• NLMK Group
• Qingdao Hengcheng Steel Co., Ltd.
• Salzgitter AG
• Shanghai Huahai Steel Co., Ltd.
• SSAB AB
• Tata Steel Ltd.
• Thyssenkrupp AG
• United States Steel Corp.
• Vietnam Steel Corp.
• Voestalpine AG

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Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com

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