Enjoy complimentary customisation on priority with our Enterprise License!
The coated steel market size is forecast to increase by USD 67.2 billion at a CAGR of 6% between 2024 and 2029.
The coated steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The galvanized segment is estimated to witness significant growth during the forecast period. Galvanized steel, coated with a protective zinc layer through processes like hot-dip galvanizing, is a preferred choice in numerous industries for its corrosion resistance, strength, and cost-effectiveness. The zinc coating acts as a barrier against environmental factors, including moisture, salt, and chemicals, enhancing galvanized steel's suitability for harsh conditions. Its applications span across construction, automotive manufacturing, agriculture, and appliance production. In construction, galvanized steel is extensively utilized in roofing, cladding, structural support, and water drainage systems due to its durability and minimal maintenance requirements. The coating process ensures uniformity and consistency, with testing standards in place to maintain quality.
Coil coating, including polyester, silicone, plastisol, and powder, is applied to steel sheets for various applications, such as building materials and appliance industry components. CNC machining, laser cutting, and metal stamping are essential metal processing techniques used to prepare substrates for coating applications. Epoxy, PVDF, and fluoropolymer coatings offer additional benefits like weather resistance, UV resistance, and corrosion resistance, making them suitable for the energy industry, particularly in solar panels and wind turbines. Coil diameter, width, and length, as well as coating thickness, are crucial factors in the coating process. Prepainted steel, with its vibrant colors and uniform finish, is a popular choice for architectural applications.
The metal coating industry continues to evolve, with advancements in organic coatings, roll forming, and waterjet cutting, ensuring paint adhesion and meeting stringent VOC emissions regulations.
The Galvanized segment was valued at USD 122.50 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 62% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in the Asia-Pacific (APAC) region is witnessing substantial growth due to various factors in the automotive, infrastructure, agriculture, and electronics sectors. This expansion is fueled by increasing automotive production in China, Japan, and South Korea, with China producing around 21 million units from January to September 2024, marking a 2% year-on-year increase. Japan's car production surged by 17% in 2023, totaling 7.5 million units, while South Korea experienced a notable increase of 13%. Coating technologies such as powder, epoxy, PVDF, and fluoropolymer are in high demand for automotive applications, ensuring corrosion resistance, UV resistance, and weather resistance.
In the infrastructure sector, coated steel is used extensively in building materials, roll forming, and metal fabrication for its durability and strength. In the appliance industry, coated steel is utilized for its color matching capabilities and surface finish, while in agriculture, it enhances the longevity of machinery. The use of recycled content in coated steel is a growing trend, contributing to the green building movement and reducing VOC emissions. CNC machining, laser cutting, and metal stamping are essential processes in coil processing, ensuring precise coating thickness and adhesion to the substrate. Coated steel is also extensively used in the energy industry, particularly in wind turbines and solar panels, for its lightweight and high-performance properties.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The coated steel market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the coated steel market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, coated steel market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ArcelorMittal SA - The company offers coated steel such as organic coated steels, metallic coated steels, and others.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market exhibits a dynamic and evolving landscape, shaped by various trends and patterns. Coil coating, a critical process in the production of coated steel, continues to gain traction due to its ability to apply uniform and consistent coatings to steel substrates. This method is widely used in the manufacturing of building materials, appliances, and various industrial applications. UV resistance and weather resistance are essential properties in the market. The demand for coated steel with enhanced durability and longevity is on the rise, particularly in outdoor applications. CNC machining and laser cutting technologies enable precise substrate preparation, ensuring optimal coating application and superior surface finish.
Recycled content is another significant trend in the market. The use of recycled steel in coil coating applications contributes to the growth of the green building industry and reduces the environmental impact of steel production. The appliance industry also benefits from the availability of recycled steel, as it helps to minimize waste and lower production costs. Testing standards play a crucial role in ensuring the quality and performance of coated steel. Stringent testing procedures are implemented to evaluate coating thickness, adhesion, and resistance to various environmental factors. Galvanized steel, a popular choice for its corrosion resistance, undergoes rigorous testing to meet industry standards.
Metal processing techniques such as powder coating, epoxy coating, and silicone coating offer diverse benefits. Powder coating provides a durable and attractive finish, while epoxy coating offers excellent chemical resistance and adhesion properties. Silicone coating, on the other hand, is known for its weather resistance and UV stability. The energy industry, particularly the solar panel manufacturing sector, is a significant consumer of coated steel. PVDF coating is a popular choice due to its exceptional weather resistance and ability to withstand harsh environmental conditions. Color matching is essential in this industry to ensure the aesthetic appeal and uniformity of solar panels. Emerging stainless steel market trends highlight the material's increased usage in green energy solutions and electric vehicles, reflecting its adaptability and environmental benefits, ensuring its continued relevance in a rapidly evolving global market.
Coating thickness, coil diameter, and coil weight are essential factors that influence the cost and performance of coated steel. Prepainted steel, a cost-effective alternative to traditional coating methods, offers various benefits, including reduced VOC emissions and improved energy efficiency. The market caters to a wide range of applications, including architectural, wind turbines, and metal fabrication. Roll forming and waterjet cutting are essential processes in the manufacturing of coated steel components for these applications. In conclusion, the market is a dynamic and evolving industry, driven by trends such as coil coating, recycled content, and testing standards.
The demand for coated steel with enhanced durability, weather resistance, and UV stability continues to grow across various industries, from building materials and appliances to the energy sector. The adoption of advanced technologies and processing techniques, such as CNC machining, laser cutting, and powder coating, further enhances the performance and versatility of coated steel.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Coated Steel Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
230 |
|
Base year |
2024 |
|
Historic period |
2019-2023 |
|
Forecast period |
2025-2029 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
|
Market growth 2025-2029 |
USD 67.2 billion |
|
Market structure |
Fragmented |
|
YoY growth 2024-2025(%) |
5.7 |
|
Key countries |
China, India, US, Japan, South Korea, Germany, France, Canada, Brazil, and Russia |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this coated steel market research report to meet your requirements.
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Application
10 Market Segmentation by Product Type
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
