Color Coated Steel Market is Estimated to Reach USD 60.41 Billion by the end of 2029: Cognitive Market Research

Market Overview:
Color coating often refers to the automated, continuous application of a liquid paint coat over the substrate following pre-treatment. The term "color coated steel" refers to steel that has had an organic coating applied to it for ornamental and/or protective purposes. It can be found in coils, plain sheets, profile sheets, and other forms. It is also known as pre-painted steel.
Color coatings are paint coatings and specialist compounds that are intended to provide steel with long-term protection against a variety of corrosive circumstances, ranging from air exposure to complete submersion in severely corrosive solutions. Although a color coating doesn't provide much strength to the base steel, it nonetheless shields the metal, preserving its integrity and strength.

Market Insight:
• Global Color Coated Steel Market is expected to reach USD 60.41 Billion by the end of 2029, growing at a CAGR of 11.51% between 2022 and 2029.
• Polyethylene Coated Steel Revenue is estimated to reach at USD 6.53 Billion in 2029
• Outdoor Construction Revenue in Color Coated Steel is anticipated to reach USD 26.43 Billion in 2029.
• Coils Revenue in Color Coated Steel is projected to reach USD 9.35 Billion in 2029.
• Asia Pacific Color Coated Steel market size is estimated to USD 43.32 Billion in 2029.

To know more The Color Coated Steel Market statistics click here: https://www.cognitivemarketresearch.com/color-coated-steel-market-report

Market Drivers:
• Growing construction industry
With the increasing urban population, the demand for construction activities is also increasing. The continuous economic growth in various emerging and developed countries is adding lucrative financing deals with low-interest rates, which is anticipated to boost the revenues of the construction and building sector.
According to the study, as compared to 2019, new house construction products in the private sector in the United States increased by more than 10% in 2020. Building & construction industry spending worldwide amounted to 11.4 trillion U.S. dollars. Building & Construction expenditures are expected to reach 14 trillion U.S. dollars in 2025.
Thus, color-coated steel is used in a variety of building projects, including atriums in shopping centers, airports, cold storage and warehouses, industrial roofing, and cladding. Steel that has received color coating is also used to build guttering, walls, fences, and other things.

As a result, the growing construction industry drives the growth of the color-coated steel market.
Expanding usage of color-coated steel in vehicle and home appliance production
• Restraints for Color Coated Steel Market
Fluctuation in steel prices and shortage of steel
• Opportunities for Color Coated Steel Market
Rising number of interior design activities

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Market Segmentation:
Type:
• Polyethylene Coated Steel
Polyethylene-coated steel has a polyethylene coating applied to the metallic component. PE sheets adhere well and are simple to process. There are several hues available. In addition, it is the most economical coating of all coating kinds. However, it has a low UV resistance. It lasts for about 7-8 years.

• High Durable Polyester Coated Steel
High-durability polyester is ideal for applications requiring regular physical contact with the coating. Thus, it is used in the coating of steel. In most cases, a 15-25 m primer is used to apply it. It has several qualities, including hardness, gloss, UV resistance, and corrosion resistance.
 
• Silicon Modified Polyester Coated Steel
• Polyvinylidene Fluoride Coated Sheets
• Others

Application:
• Outdoor Construction
Many outdoor construction elements, including roof coverings, factory walls, shop kiosks, and many more, frequently employ color-coated steel. It offers durability and strength. Some color-coated steel is easy to install, inexpensive to maintain, and perfect for commercial and industrial uses.

• Indoor Construction
Numerous indoor applications make use of color-coated steel because it is exceedingly sophisticated and appealing to the eye. In addition to several other uses, it is utilized in artificial ceilings, inside venetian blinds, HVAC systems, and office furniture. These materials are frequently used in commercial buildings, retail operations, and public safety construction projects.

• Electrical Control Panels
• Others

Product:
• Coils
Manufacturers of pre-painted steel produce color-coated coils in a range of dimensions, including thicknesses of 0.25 to 2.0 mm, widths of 800 to 1,800 mm, inner diameters of 508 and 610 mm, lengths of cut sheets of 1,500 to 6,000 mm, and weights of coils of 4 to 16 tonnes and bundles of sheets of 4 to 10 tonnes, among others. It is extensively employed in building, different interior finishing tasks, and facade components.

• Plain Sheets
Plain color-coated sheets combine strength and attractiveness. Due to its straightforward form and flat surface, it is frequently used in big public buildings, mobile homes, furniture, household appliances, elevators, advertising boards, retail signboards, etc. It is constructed from a variety of base metals, including sheets of cold-rolled steel, galvanized, galvalume, and stainless steel.

• Profile Sheets
• Others

Get free sample pages of latest published Color Coated Steel Market Report: https://www.cognitivemarketresearch.com/color-coated-steel-market-report

Competitive Analysis for Color Coated Steel Market:
SSAB AB, JSW, ArcelorMittal, NIPPON STEEL CORPORATION, NLMK, thyssenkrupp Steel Europe, BlueScope Steel Limited, NSAIL (National Steel and Agro Industries Ltd), J. K. Steel Strips LLP., PAO Severstal, DONGKUKSTEEL MILL CO.LTD

• NIPPON STEEL CORPORATION
NIPPON STEEL CORPORATION is a Japan based steel manufacturer. The products offered by the company includes Steel plate, Steel sheets, Bar and rod materials (SteeLinC), Structural steel, Pipes and Tubes, Railway, Automotive, Machinery, Parts, Titanium and Stainless-Steel Slag.

NEWS:
July, 2022
BP and ThyssenKrupp Steel has decided to work together
ThyssenKrupp Steel has entered in strategic collaboration with bp to support decarbonization of steel, including the supply of low carbon hydrogen and renewable power. Through the utilization of power purchase agreements, the company will explore hydrogen supply possibilities for both blue and green hydrogen as well as electricity from wind and solar energy. This will help company to enhance its market position and brand image.

Related Report:
• Copolymer Coated Steel Tape Market- https://www.cognitivemarketresearch.com/copolymer-coated-steel-tape-market-report
• Paint Coated Steel Strapping Market- https://www.cognitivemarketresearch.com/paint-coated-steel-strapping-market-report
• PET Film Coated Steel Coil Market- https://www.cognitivemarketresearch.com/pet-film-coated-steel-coil-market-report
• Colour Coated Steel Sheet Market- https://www.cognitivemarketresearch.com/colour-coated-steel-sheet-market-report

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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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