Coated Steel Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Product Type (Hot-dipped, Electro Galvanized, Aluminized, Galvannealed, and Others), Application (Automotive Components, Appliances, Construction and Building Components, Pipe and Tubular, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Market Summary - Coated Steel Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The market for coated steel is expected to register a CAGR of more than 5% globally during the forecast period. Major factor driving the coated steel market are growing demand from electrical and domestic appliance industry. On the flip side, slowdown in the global automotive production and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

  • The construction and building components application is expected to dominate the global coated steel market over the forecast period.
  • Asia-Pacific represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan.

Scope of the Report

The coated steel market report includes:

Product Type
Hot-dipped
Electro Galvanized
Aluminized
Galvannealed
Others
Application
Automotive Components
Appliances
Construction and Building Components
Pipe and Tubular
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Growing Demand from the Construction and Building Components Application

  • Coated steel finds various uses in the construction industry to create attractive and functional buildings that meet high environmental and quality requirements.
  • The coated steel offers immense strength that makes it suitable for constructing buildings. In addition to this, coated steel possesses other characteristics, such as tensile, ductile, flexible, and cost-effective.
  • According to a study by the Institution of Civil Engineers (ICE), the global construction industry is expected to reach USD 8 trillion by 2030, primarily driven by China, India, and the United States.
  • The construction industry in the United States continued to expand in 2019, owing to a strong economy and positive market fundamentals for commercial real estate, along with an increase in federal and state funding for public works and institutional buildings. Additionally, other factors, such as the Tax Cuts and Jobs Act of 2017 as well as the hurricane rebuilding in the southeastern region of the United States, contributed to the growing activities in the construction sector of the country.
  • Additionally, the construction sector in the Middle East and Africa region is expected to grow at the fastest pace in the upcoming years, as regional governments are investing in infrastructure projects. The construction industry in the region is expected to grow at an average rate of 7.5%.
  • Such growth in the construction industry is expected to drive the market for coated steel during the forecast period.
Coated Steel Market Revenue Share

The Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan.
  • In India, the government has initiated projects such as 100 smart cities and ‘Housing for All by 2022’, which are expected to immensely drive the residential construction market in India over the forecast period. The country has even experienced significant interest from foreign investors in its infrastructural sector.
  • The companies in the region provide manufacturing and assembling services to companies in Germany, France, and the United States. Moreover, these companies are rapidly digitizing their business to achieve end-to-end integration of their operation. This is further encouraging the OEMs from Europe and North America to outsource their production to Asia-Pacific.
  • The Asia-Pacific automotive sector is currently undergoing a dull phase with decreasing production among major producers, such as China, India, and Japan. This is expected to hinder the coated steel market.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for coated steel during the forecast period.
Coated Steel Market Regional Trends

Competitive Landscape

The global coated steel market is partially fragmented in nature with the presence of many players in the market. Some of the major companies in the coated steel market include ArcelorMittal, China Steel, NIPPON STEEL CORPORATION, Tata Steel, and Thyssenkrupp AG, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from Electrical and Domestic Appliance Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Slowdown in the Global Automotive Production

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Hot-dipped

      2. 5.1.2 Electro Galvanized

      3. 5.1.3 Aluminized

      4. 5.1.4 Galvannealed

      5. 5.1.5 Others

    2. 5.2 Application

      1. 5.2.1 Automotive Components

      2. 5.2.2 Appliances

      3. 5.2.3 Construction and Building Components

      4. 5.2.4 Pipe and Tubular

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ArcelorMittal

      2. 6.4.2 Baosteel Group

      3. 6.4.3 ChinaSteel

      4. 6.4.4 Essar Steel

      5. 6.4.5 JFE Steel Corporation

      6. 6.4.6 JSW

      7. 6.4.7 KOBE STEEL LTD

      8. 6.4.8 NIPPON STEEL CORPORATION

      9. 6.4.9 NLMK

      10. 6.4.10 Nucor

      11. 6.4.11 Posco Maharashtra Steel Pvt Ltd

      12. 6.4.12 Severstal

      13. 6.4.13 Tata Steel

      14. 6.4.14 Thyssenkrupp AG

      15. 6.4.15 United States Steel

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Coated Steel Market market is studied from 2016 - 2026.

The Coated Steel Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

ArcelorMittal, China Steel , NIPPON STEEL CORPORATION , Tata Steel , Thyssenkrupp AG are the major companies operating in Coated Steel Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!