Global Pre-Painted Metal Market By Resin Type (Steel and Aluminum); By Application (Construction, Transportation, Consumer Electronics and other Applications) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030.
Pre-Painted Metal is a metal on which coil coating is added to the coating material. As the coil coating is applied to the metal, the coating material forms a film which has defensive, decorative and special properties. The most widely used metal substrates for coil coating on the metal is steel and aluminum. The coated surface is available in a number of colors, gloss levels and textured surfaces.
Global Pre-Painted Metal Market size was registered at USD XX billion in 2019, and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. Advanced building technologies like 3D printing and business information modeling are gaining rapid popularity in the engineering and construction sectors.
Global Pre-Painted Metal Market: Segments
Global Pre-Painted Metal Market is segmented on the basis of type, application and region.
By Type (in %), Global Pre-Painted Metal Market, 2019
The Steel segment is anticipated to register XX% of the market share during the forecasted period
By type the market can be segmented into Steel and Aluminum. Steel accounted for the largest market share of sales due to its greater drying, warping and cracking resistance relative to aluminum. In addition, its light weight advantage further increases its use, as it is easy to mount, particularly during renovations. Aluminum is the fastest growing segment as opposed to steel due to its properties such as lightweight and high resistance. It is used in architectural outdoor applications such as facades, as it is resistant to heat, UV, and seawater.
Global Pre-Painted Metal Market Dynamics:
High demand for applicants and increased construction to increase market growth
Growing residential and non-residential construction activities and development demand for metal products as building materials will promote growth for the Pre- painted Metal market. Rising infrastructure spending on roads, bridges, buildings and public services would also complement the overall market value. Additionally, advanced building technologies like 3D printing and business information modeling are gaining rapid popularity in the engineering and construction sectors.
High maintenance cost and availability of substitutes to hinder the market growth
Pre-painted metal is manufactured using a method of coil coating that involves tools and equipment for the washing, heating and coating. The high cost of maintenance of these tools and equipment raises the cost of manufacturing operation, resulting in high pre-painted metal prices.
Global Pre-Painted Metal Market: Regions
In terms of value and volume, APAC accounted for XX% of total market volume share in 2019
Growing residential construction worldwide due to increasing income levels and urbanization in APAC region has led to increased building projects. Builders rely on the quality of the construction materials to create a solid building foundation. Increasing use of the product in the construction of residential buildings will have a positive impact on market trends in pre-painted Metal. Rapid urbanization along with increased disposable income is expected to boost demand for residential, commercial, and industrial infrastructure in countries such as China and India. Low interest rates on housing loans in these countries are expected to further fuel the region’s construction industry. In APAC, low labour costs and favourable FDI norms encourage automotive OEMs to move or extend their production base in China, India and Japan. Increasing car production in these countries is likely to increase pre-painted Metal consumption over the coming years.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA.
Global Pre-Painted Metal Market: Competitive landscape
In order to broaden their product range and increase their regional presence, manufacturers are involved in product launches, developments and collaborations along with support from government regulations, which may enable acquiring firms to leverage the long-term Global Pre-Painted Metal Market.
Global Pre-Painted Metal Market: Key players
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Tata BlueScope Metal
• Nippon Metal Corporation
• Voestalpine AG
• Scope Metals
• Cascadia Metals
• Prassas Metal Products Inc.
• Other prominent players
The Global Pre-Painted Metal Market report also contains analysis on:
• Global Pre-Painted Metal Market segments:-
• By type:
• By application:
o Consumer electronics
o Other applications
• Global Pre-Painted Metal Market dynamics
• Global Pre-Painted Metal Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints