Global Pre-Painted Steel Market by Resin Type (Hot Dip Galvanized Steel (HDG), Galvanized Mild Steel (GMS) and others); 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 steel is a bare metal substratum or corrosion-resistant substratum that has been painted on both sides through a continuous coil-coating process that provides a uniform finish. During the process the metal is unwound, purified and chemically handled. Depending on the requirements of the product, one or both sides may then be primed and sealed, oven healed and rewound.
Global Pre-Painted Steel 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 Steel Market: Segments
Global Pre-Painted Steel Market is segmented on the basis of type, application and region.
By Type (in %), Global Pre-Painted Steel Market, 2019
The Hot Dip Galvanized Steel segment is anticipated to register XX% of the market share during the forecasted period
By type the market can be segmented into Hot Dip Galvanized Steel (HDG), Galvanized Mild Steel (GMS) and others. Hot-dip galvanizing is a method of inserting steel in the bath of molten zinc or zinc alloy to coat steel with zinc or zinc alloy. The molten bath is prepared above the zinc or zinc alloy melting point which ranges from 820-8600F. Metallic-coated steel is used in applications where the material has the potential to be exposed during application to the corrosive environment. Given its high corrosion potential, zinc coating acts as a steel protector on HDG sheets, thus propelling the segment growth.
Global Pre-Painted Steel Market Dynamics:
High demand for applicants and increased construction to increase market growth
Growing residential and non-residential construction activities and development demand for steel products as building materials will promote growth for the Pre- painted steel 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 steel 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 steel prices.
Global Pre-Painted Steel 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 steel. 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 steel 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 Steel 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 Steel Market.
Global Pre-Painted Steel Market: Key players
o Company Overview
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 Steel
• Nippon Steel Corporation
• Arvedi Group
• SeAH Coated Metal
• Scope Metals
• Cascadia Metals
• Prassas Metal Products Inc.
• Other prominent players
Global Pre-Painted Steel Market report also contains analysis on:
Global Pre-Painted Steel Market segments: –
• By Type:
o Hot Dip Galvanised Steel (HDG)
o Galvanized Mild Steel (GMS)
• By Application:
o Consumer electronics
o Other applications
• Global Pre-Painted Steel Market dynamics
• Global Pre-Painted Steel Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints