Allied Market Research

2024

Coated Steel Market

Coated Steel Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Application and, by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Advanced Materials

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Author's: | Eswara Prasad
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Coated Steel Market Outlook – 2028

When a layer of organic or metallic compounds is applied to the steel surface to prevent rusting, it’s called coated steel. Metallic coated steel, organic coated steel (non-metallic), and tinplate are the three main types of coated steel. Coated steel is useful in applications that require corrosion resistance, a pleasing aesthetic, or food safety. Customers looking for a cost-efficient and effective approach to protect steel from corrosive environments can consider coated steel. The zinc coating not only protects the underlying steel by acting as a barrier between it and the weather, but it will also sacrifice itself to do so. Metal coated items are designed to endure a variety of hostile environments, extending the finished product's service life by shielding the steel against corrosion. Furthermore, the right metal coating might make it easier to process the coated product, for example, in terms of weldability, formability and printability.

COVID-19 Impact analysis

  • COVID-19 sickness began spreading over the world, infecting millions of people globally, prompting major countries to impose lockdowns and work stoppage orders. Most industries, with the exception of medical supplies and life support items, have been severely hit.
  • The global automobile industry has suffered as a result of a number of factors, including the US-China trade war and COVID-19, which has impacted Coated Steel Market in a negative way. However, it is expected that by the end of 2020, the automotive industry would have recovered from its slump.
  • Due to recurrent lockdowns that disrupted manufacturing and changing movements, the industry also experienced severe labor shortages. The drop in business as a result of lower demand from some primary markets has put a pressure on the profitability of coated steel manufacturers and vendors.

Top Impacting Factors

Coated steel is used in a variety of ways in the construction sector to create appealing and productive buildings that meet high environmental and quality standards. The coated steel has a tremendous amount of strength, making it ideal for building construction. Coated steel also has additional properties including tensile strength, ductility, flexibility, and cost-effectiveness. The market for coated steel is expected to grow as a result of above mentioned advantages for the construction industry. The coated steel market is influenced by factors such as increased maintenance costs and poor insulating performance.

Market Trends

  • To meet the unmet needs of emerging corporate clients, Tata Steel created two new coated product names, GalvaRoS and Colornova. These products were developed to address the changing needs of micro-segments while bolstering the pillars of sustainability - economic and social sustainability, both of which are essential for growth and development.
  • ArcelorMittal Nippon Steel India a merger between ArcelorMittal and Nippon Steel, introduced its premium color coated steel range ‘KALASH' and ‘KALASH GOLD’. The new product line incorporates several technical advancements achieved through process innovation in collaboration with industry experts, clients, and suppliers.
  • JSW Steel has launch "Everglow," a color coated steel product. Everglow is a part of the company's expansion into roofing and wall solutions.
  • For global markets, Nippon Steel Corporation (Nippon Steel) will introduce ZAM®-EX, a highly corrosion-resistant coated steel sheet.
  • Through a settlement under the Insolvency and Bankruptcy Code, Tata Steel has purchased Bhushan Steel (BSL) through its wholly-owned subsidiary Bamnipal Steel Ltd (BNL) (IBC).
  • Mill Steel Co., one of the India’s leading distributors of flat-rolled carbon steel, has acquired the business assets of Prassas Metal Products, a steel trading and stocking distributor of pre-painted and coated coil products.

Key Benefits of the Report

  • This study presents the analytical depiction of the coated steel industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the coated steel market share.
  • The current market is quantitatively analyzed to highlight the coated steel market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed coated steel market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the coated steel Report

  • Who are the leading market players active in the coated steel market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
    • Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
      • What is “coated steel"?
      • What does “coated steel" allow organizations to achieve?
      • Which technologies combine to make “coated steel" a critical organizational asset?
      • What is “coated Steel" Market prediction in the future?
      • Who are the leading global players in the “coated Steel" Market?
      • What are the current trends and predicted trends?

Coated Steel Market Report Highlights

Aspects Details
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By Type
  • Hot-dipped
  • Electro Galvanized
  • Aluminized
  • Galvannealed
  • Others
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By Application
  • Automotive Components
  • Appliances
  • Construction and Building
  • Pipe and Tubular
  • Others
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By Industry Vertical
  • Chemical & Petrochemical
  • Oil & Gas
  • Energy & Power
  • Automotive
  • Food & Beverage
  • Healthcare
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Ojsc Novolipetsk Steel, Lysvenskii Metallurgicheskii Zavod Zao, Salzgitter Ag., United States Steel, Nippon Steel and Sumitomo Metal Corporation, Arcelormittal S.A.,, Jindal Steel and Power Ltd., Tata Steel Limited, Ojsc Magnitogorsk Iron and Steel Works, Essar Steel Ltd.

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Coated Steel Market

Global Opportunity Analysis and Industry Forecast, 2023-2032