Los Angeles, CA -- (SBWire) -- 06/20/2019 --Color Coated Steel is cold rolled steel and galvanized steel substrate. It is surfaced preparation and applied a continuous coating, which made after baking and cooling products. Coated steel sheet is light, beautiful and good corrosion resistance. It could be directly processed and apply in Construction, shipbuilding, vehicle manufacturing, the furniture industry, electrical industry to provide a new type of raw material. It played with steel and wood, efficient construction, energy conservation, pollution prevention and other good results.
The major driver identified for the global coated steel market is growing demand from end-use industries such as construction, automotive, and appliances; stiff competition in the coated steel industry; inexpensive than electro-galvanizing process; product quality and differentiation; durability of cut edges; and fluoropolymer continue to grow in the building & construction market.
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The growth of the downstream industries is the key driving force for the coated steel market. For example, in the refrigerator market, the sales in the Asia-Pacific region have witnessed a steady growth in the past few years. China, Korea, Japan and India are the key production hubs of refrigerators due to huge domestic demand and low production costs. The great demand from such end-use industry has driven the market for coated steel. The increasing potential to spend on upgrades for kitchens, roofing, and basic home improvements and additions most of which include steel coated products are driving the coated steel market.
In 2016, the polyester color coated steel segment accounted for the largest market share, in terms of value. Polyester resins form highly durable structures and coatings are cross-linked with a vinylic reactive monomer, which is most commonly styrene. The current industry trend highlights the use of polyester resin above all other resin types. In addition, it has limited use in the coatings industry primarily because curing is strongly inhibited by oxygen, leaving the surface of the polyester-coated steel soft and sticky. Due to these properties, the polyester-coated steel are the most broadly used coated steel, globally.
Color coated steel market is competitive and fragmented with a small number of large global firm, and thousands of smaller local companies, the concentration of this market is very low. Leading companies are BlueScope, Kerui Steel, NSSMC, ArcelorMittal, Dongkuk Steel, ThyssenKrupp, Baosteel, Severstal and U.S. Steel.
The global Color Coated Steel market was 21000 million US$ in 2018 and is expected to 30300 million US$ by the end of 2025, growing at a CAGR of 4.7% between 2019 and 2025.
This report studies the Color Coated Steel market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Color Coated Steel in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
BlueScope
Kerui Steel
NSSMC
ArcelorMittal
Dongkuk Steel
ThyssenKrupp
Baosteel
Severstal
U.S. Steel
Shandong Guanzhou
JSW Steel
NLMK Group
Dongbu Steel
Essar Steel
POSCO
JFE Steel
Ansteel
Wuhan Iron and Steel
By the product type, the market is primarily split into
PE Coated Steel
HDP Coated Steel
SMP Coated Steel
PVDF Coated Steel
By the end users/application, this report covers the following segments
Construction
Home Appliance
Automotive
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(2019-2025) Color Coated Steel Market Report : Scope Overview, Huge Growth Opportunities: