The global pre-painted steel coil market size was valued at USD 11.70 billion in 2021, and is predicted to be worth around USD 23.31 billion by 2030, registering a CAGR of 7.8% during the forecast period 2022 to 2030.
Growth in e-commerce and retail activity is set to augur growth during this period. Pre-painted steel coils are used for roofing and wall paneling of buildings, and their consumption in metal- and post-frame buildings is on the rise. The metal building segment is anticipated to witness the highest consumption over the forecast period owing to the demand from commercial buildings, industrial buildings, and warehouses. Post-frame buildings consumption was driven by the commercial, agriculture, and residential segments.
The COVID-19 pandemic has led to an increase in online shopping activity. This has led to the growth in warehousing requirements around the world. E-commerce companies are scaling up operations due to the increased online shopping by consumers. For instance, e-commerce companies in developing economies such as India floated lease tenders for large warehousing spaces of the order of 4-million square feet to expand their operations within metro cities in 2020. Demand for urban Indian logistic space of the order of 7-million square feet is expected to be witnessed by 2022.
|Market Size||US$ 23.31 billion by 2030|
|Growth Rate||CAGR of 7.8% From 2022 to 2030
|Forecast Period||2022 to 2030|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||ArcelorMittal; COSASTEEL; Dana Steel Industry LLC; Nippon Steel Coated Sheet Corporation; NLMK; POSCO; UNICOIL;Tata BlueScope Steel|
By Application Analysis
The metal buildings application segment held the largest volume share of over 70.0% in 2021. The segment is anticipated to expand at the highest revenue-based CAGR from 2022 to 2030. Metal buildings offer the benefit of quick replacement of old commercial buildings in a short time.
The penetration of pre-painted steel coils is the highest in metal buildings. These coils are widely used in buildings for automotive, agricultural, aviation, and commercial applications. Increased demand for warehouses owing to the growth of the global e-commerce sector during the COVID-19 shutdowns led to the surged usage of pre-painted steel coils, especially for metal buildings.
Post-frame buildings constructed with a combination of wood and steel are in use due to the benefits of cost savings and quick construction. However, the clear span is lesser than that of metal buildings. Diligent planning is required to utilize the space wisely.
By Regional Analysis
Asia Pacific accounted for the largest volume share of over 40.0% and is expected to maintain its lead over the forecast period. China, Japan, and India are anticipated to be the high-growth countries over the forecast period.
The emerging concept of pre-engineered steel buildings is further gaining popularity in Asia Pacific. It is one of the fastest-growing construction-related technologies in the region. Numerous multi-storied, mid-rise apartments using this concept are being constructed in South Asian countries.
Europe accounted for the second-largest share in 2021, in terms of both volume and revenue. The focus of the governments of different countries in the region on the construction sector to promote the economic growth in Europe post-pandemic, coupled with the rising need for electric vehicle (EV) infrastructure in the region,
Nippon Steel Coated Sheet Corporation
Alucosuper New Materials Co., Ltd.
Shanghai Metal Corporation
Dana Steel Industry LLC
Middle East & Africa
The pre-painted steel coil market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of pre-painted steel coil market for the base year 2022 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global pre-painted steel coil market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the pre-painted steel coil market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted pre-painted steel coil market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the pre-painted steel coil capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of pre-painted steel coil by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global pre-painted steel coil market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major pre-painted steel coil market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of pre-painted steel coil market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the pre-painted steel coil industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
pre-painted steel coil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pre-painted steel coil market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of pre-painted steel coil market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new pre-painted steel coil market. These factors have benefited the growth of the global market for pre-painted steel coil. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for pre-painted steel coil. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of pre-painted steel coil are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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