Coated Steel Market - Estimated to Grow From USD 20.62 Billion in 2015 to USD 26.68 Billion by 2020

Mar 03, 2016, 08:10 ET from Research and Markets

DUBLIN, March 3, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/gw3dmh/coated_steel) has announced the addition of the "Coated Steel Market - Global Forecast to 2020" report to their offering.

The coated steel market size, in terms of value, is estimated to reach USD 26.68 Billion by 2020, signifying a firm CAGR of over 5.30% between 2015 and 2020. The coated steel market registered a moderate growth in the past few years and is likely to continue the same growth in the coming years. This growth is driven by the growing of building & construction and appliances industries.

The coated steel industry finds its application majorly in building & construction, appliances, automotive, and other industries, which includes AHU, generator canopy, signage, solar heaters, lighting fixtures, furniture, metal doors & frames, and decking profilers. The growth of building & construction application is driven by increasing urbanization in Asia-Pacific and RoW, which resulted into increased demand for residential, commercial, and industrial infrastructure. Low interest rates on housing loans are also responsible for increase in the demand for new houses, eventually driving the market.

Currently, the Asia-Pacific region is the largest market of coated steel and is estimated to witness the highest CAGR. Countries such as China, India, Japan, and South Korea are expected to lead the Asia-Pacific coated steel market, with China accounting for the largest share in the regional demand for coated steel. Currently, the market size, in terms of volume, for coated steel is comparatively low in Mexico. However, Mexico is expected to grow at the highest rate in the North America region.

Transportation, the biggest challenge in the developing countries, demand-supply gap in Europe and the euro crisis are restraining the growth of coated steel market.

Companies Mentioned:

  • Arcelormittal S.A.
  • Essar Steel Ltd.
  • Jindal Steel & Power Ltd.
  • Lysvenskii Metallurgicheskii Zavod ZAO
  • Nippon Steel & Sumitomo Metal Corporation
  • OJSC Magnitogorsk Iron and Steel Works
  • OJSC Novolipetsk Steel
  • SSAB AB
  • Salzgitter AG
  • Tata Steel Limited
  • Thyssenkrupp AG
  • United States Steel
  • Voestalpine AG

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Color Coated Steel Market, By Resin Type

8 Color Coated Steel Market, By Application

9 Color Coated Steel Market, By Region

10 Competitive Landscape

11 Company Profiles

For more information visit http://www.researchandmarkets.com/research/gw3dmh/coated_steel

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SOURCE Research and Markets



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