Coated Steel Market Competitive Insights, Leading Players And Growth Opportunities By 2028

Precision Business Insights published a research report on "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 - Global/Region/Country Forecast to 2028"

The application of a decorative and/or protective organic coating to steel substrate supplied in coil form is referred to as coating. Pre-painted steel is another name for coated steel. Color coatings are paint coatings and specialist compounds that are used to provide long-term corrosion protection for steel in a variety of corrosive environments, ranging from atmospheric exposure to complete immersion in highly corrosive solutions. A colour coating gives the substrate steel little strength, but it preserves it so that its strength and integrity are preserved. Steel coating is an ongoing and highly automated industrial process that coats steel coils efficiently. The substrate steel receives a protective and decorative coating during the application of colour coating. A duplex coating is another name for this colour coating method.

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The rise in construction and building activities is driving up demand for coated steel, which is favoured for a variety of reasons, including its protective coating, durability, sanitary properties, simplicity of inspection, and cost. Various coating techniques, such as hot-dip galvanization (HDG), which offers benefits such as low-cost implementation, durable coating, reliability, and ease of application, are driving up demand for coated steel. Steel coatings can be applied to a variety of steels, including pipe and tubular steels that have been electrogalvanized. Certain steel items, such as pre-painted galvanised iron, are already coated, making them more convenient to use. The coated steel market is primarily driven by this.

On the basis of Resin Type, the market is bifurcated into Polyester, Siliconized Polyester, Fluoropolymer, Plastisol, and Others. On the basis of Application, the market is divided into Appliances, Automotive, Building and Construction, and Others. In terms of volume, the building and construction sector was the largest application category, accounting for 40 percent of the market in 2017. In the construction sector, pipes and tubes, as well as lengthy items such as bars, rails, rods, and beams, are widely employed. Greater urbanisation in Asia-Pacific and the Rest of the World has increased the usage for residential, commercial, and industrial infrastructure, which has fuelled the rise of building and construction applications.

As Asia-Pacific is the largest coated steel market, it is also predicted to be the fastest growing market over the projection period, because to rising consumption in countries such as China, Japan, and India. Whereas, the Indian government has launched programmes such as 100 smart cities and homes for everyone by 2022, which would significantly boost the development of the residential construction industry in India.

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There are several industry players working in the Coated Steel Market, which include ArcelorMittal S.A. (Luxembourg) Essar Steel Ltd. (India) Jindal Steel & Power Ltd. (India) Lysvenskii Metallurgicheskii Zavod Zao (Russia) Nippon Steel & Sumitomo Metal Corporation (Japan) OJSC Magnitogorsk Iron & Steel Works (MMK) (Russia) OJSC Novolipetsk Steel (NLMK) (Russia) Salzgitter AG (Germany) SSAB AB (Sweden) Tata Steel Ltd. (India) ThyssenKrupp AG (Germany) United States Steel (U.S.) Voestalpine AG (Austria)

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