Pre-Painted Metal Market Size and Analysis, Trends, Recent Developments, and Forecast Till 2027

Reports and Data estimates the global Pre-Painted Metal market competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2018-2019 as historic years, 2020 as the base year, and 2021-2027 as the forecast period. The global Pre-Painted Metal Market is forecast to reach USD 33.64 Billion by 2027, according to a new report by Reports and Data. The market is seeing an expanded interest from the construction sector with an increase in construction of roofing and walls, owing to benefits of the product, such as relative durability of coating and recyclability, making it suitable for a variety of applications. Moreover, its ability to fit into almost any shape, outstanding weathering tolerance for superior durability, and availability in various colors, among others, make it suitable for designing applications as well.

Rapid urbanization has changed the way of life of individuals and, thus, expanded the pervasiveness of the construction sectors over a broad aspect; therefore, augmenting the demand for the market product. The growth of the construction industry in Asia Pacific's developing economies, due to increased corrosion resistance, is projected to create significant demand for pre-painted metal in the form of sheets and coils. However, the manufacturing of pre-painted metal includes tools & equipment for various processes, which require a high cost of maintenance, and in turn, increases the price of the overall process. These increased prices are shifting the market towards the adoption of less expensive fiber or plastic for manufacturing purposes, anticipated to hinder the growth of the pre-painted market.

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The COVID-19 impact:
As the COVID-19 crisis grows, manufacturers are rapidly changing their practices and purchasing priorities to meet the demand of a pandemic that has reduced the need for market-based pre-painted metal. A sequence of both positive and negative shocks will arise over a few months, as producers and their vendors adapt to changing demands of customers. The export-dependent economies of many regions look vulnerable, with an unfortunate global situation. Global Pre-Painted Metal Markets are reshaped by the impact of this pandemic when certain manufacturers either close down or decrease their production because of a lack of downstream demand. While some are having their production suspended as a precautionary measure by the governments of their respective nations to combat the spread of the virus. For certain countries, consumers are centered on being more regional by looking at the magnitude of the epidemic and the consequent actions of the national authorities themselves. In these situations, business dynamics in Asia Pacific regions were very dynamic, weakening regularly, making stabilizing themselves difficult.

Key participants include:
Nippon Steel Corporation, SSAB AB, ArcelorMittal, Tata BlueScope Steel, NLMK, MMK Group, Haomei, Impol, and UNICOIL, among others.

Further key findings from the report suggest
Based on product, steel generated a revenue of USD 10.88 Billion in 2019 and is expected to grow with a CAGR of 10.7% in the forecast period, due to its higher resistance to drying out, warping, and cracking compared to aluminum. Also, its lightweight advantage further increases its use, as it is easy to install, especially during renovations.
Based on distribution channels, the pre-painted metal market generates a revenue of around 76.6% through offline mode in 2019 of the overall business.
The construction sector is the major contributor to the pre-painted metal market, which is forecasted to USD 17.15 Billion by 2027. The construction industry of the Europe region is the major shareholder of the pre-painted metal market, holding around 52.0% of the market in the year 2027 owing to the wide variety of application in walls, roofing frames, gutters, façades, ceiling systems, cladding systems, as well as a range of accessories.
Europe dominated the market for the pre-painted metal. The consistent focus of the region on cost-effective and innovative procedures adopted in the area is driving the market. The European region holds approximately 50.0% of the pre-painted metal market, followed by the Asia Pacific region, which contains around 22.0% market in the year 2019.

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For the purpose of this report, Reports and Data have segmented into the global Pre-Painted Metal Market on the basis of product, distribution channel, application, and region:
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Steel
Aluminum
Others

Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Online
Offline

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Construction
Transportation
Consumer Electronics
Others

Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
MEA
Latin America

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