Coated Steel Market Size 2022 Industry Demand, Share, Global Trend, Industry News, Business Growth, Top Key Players Update, with Industry Share Analysis, Industry Growth Rate, Company Profiles with Strategies, Sales and Revenues

Kenneth Research, in its repository of market research reports, has recently added a report on Coated Steel Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Coated Steel Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Coated Steel Market products.

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The global Coated Steelmarket was valued at USD 21.67billion in 2016 and is projected to reach USD 33.91billionby 2025, growing at a CAGR of 5.10% from 2017 to 2025.
Coated steels demand is driven by its growing application in infrastructure. The shift from galvanized corrugated and other roofing solutions is driving demand for these products. The high shelf life offered by these products is driving demand for coated steels.

Market Dynamics:
1. Market Drivers
1.1 Rising application of fluoropolymer in construction industry
1.2 Growing construction industry in developing countries
2. Market Restraints
2.1 Application challenges in transportation
2.2 Cost reduction in order to maintain quality

Market Segmentation:
The global Coated Steelmarket is segmented on the resintype, application, and region.
1. By Resin Type:
1.1 Siliconized Polyester
1.2 Polyester
1.3 Fluoropolymer
1.4 Plastisol
1.5 Others

2. By Application:
2.1 Automotive
2.2 Appliances
2.3 Building and Construction
2.4 Others

3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa

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Competitive Landscape:
The major players in the market are as follows:
1. Arcelormittal
2. Jindal Steel and Power
4. LysvenskiiMetallurgicheskiiZavod ZAO
5. Salzgitter AG
6. Tata Steel
7. OJSC Novolipetsk Steel
8. Essar Steel Ltd.
9. Voestalpine AG
10. United States Steel
11. OJSC Magnitogorsk Iron and Steel Works
12. Nippon Steel and Sumitomo Metal Corporation
13. ThyssenKrupp AG

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Research study on the Coated Steel Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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