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Coated Steel Market Worth 26.68 Billion USD by 2020


News provided by

MarketsandMarkets

26 Feb, 2016, 11:30 GMT

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PUNE, India, February 26, 2016 /PRNewswire/ --

The report "Coated Steel Market by Resin Type (Polyester, Fluoropolymer, Siliconized Polyester, Plastisol, and Others), by Application (Building & Construction, Appliances, Automotive, and Others) - Global Forecast to 2020", published by MarketsandMarkets, The Global Coated Steel Market is projected to reach USD 26.68 Billion by 2020 registering a CAGR of 5.30% between 2015 and 2020.

Browse 79 market data Tables and 72 Figures spread through 167 Pages and in-depth TOC on "Coated Steel Market"

http://www.marketsandmarkets.com/Market-Reports/coated-steel-market-173368855.html

Early buyers will receive 10% customization on reports.

The coated steel market is estimated to grow from USD 20.62 billion in 2015 to USD 26.68 billion by 2020, at a CAGR of 5.30% between 2015 and 2020. The major driver identified for the global coated steel market is growing demand from end-use industries such as construction, automotive, and appliances; stiff competition in the coated steel industry;  inexpensive than electro-galvanizing process; product quality and differentiation; durability of cut edges; and fluoropolymer continue to grow in the building & construction market.

Growing demand from end-use industries is driving the demand for coated steel 

The growth of the downstream industries is the key driving force for the coated steel market. For example, in the refrigerator market, the sales in the Asia-Pacific region have witnessed a steady growth in the past few years. China and India are the key production hubs of refrigerators due to huge domestic demand and low production costs. The great demand from such end-use industry has driven the market for coated steel. The increasing potential to spend on upgrades for kitchens, roofing, and basic home improvements and additions most of which include steel coated products are driving the coated steel market.

Polyester the largest resin type for coated steel 

In 2015, the polyester resin segment accounted for the largest market share, in terms of value. Polyester resins form highly durable structures and coatings are cross-linked with a vinylic reactive monomer, which is most commonly styrene. The current industry trend highlights the use of polyester resin above all other resin types. In addition, it has limited use in the coatings industry primarily because curing is strongly inhibited by oxygen, leaving the surface of the polyester-coated steel soft and sticky. Due to these properties, the polyester-coated steel are the most broadly used coated steel, globally.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=173368855

Asia-Pacific is the largest market for coated steel market, both in terms of volume and value, followed by Europe and North America. Countries such as the China, India, South Korea, Russia, and the U.S. and the Middle Eastern countries are the major markets of coated steel. Due to increasing demand on the domestic front, increasing income levels and easy access to resources, Asia-Pacific has emerged as the leading market of coated steel.

Brazil has also emerged as a key market for coated steel manufacturers. Not only is the demand for coated steel expected to be strong in Brazil, but its proximity to the U.S. is also expected to turn it as a hot spot for setting up production facilities.

Key market players in coated steel market 

The key players in this market are ArcelorMittal S.A. (Luxembourg), SSAB AB (Sweden), Salzgitter AG (Germany), OJSC Novolipetsk Steel (NLMK) (Russia), Voestalpine AG (Austria), OJSC Magnitogorsk Iron & Steel Works (MMK) (Russia), ThyssenKrupp AG (Germany), Nippon Steel & Sumitomo Metal Corporation (Japan), United States Steel (U.S.), Essar Steel Ltd. (India), Tata Steel Ltd. (India), Lysvenskii Metallurgicheskii Zavod Zao (Russia), and Jindal Steel & Power Ltd. (India), and others.


Browse Related Reports:
 

Coil Coatings Market by Type (Polyester, Fluoropolymer, Siliconized Polyester, Plastisol, and Others), by Application (Steel & Aluminum), and by End User Industry (Building & Construction, Appliances, Automotive, and Others) - Global Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/coil-coatings-market-266690883.html

Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, & Others), by Technology (Waterborne, Solvent Borne, High Solids, Powder & Others), by Application (Architectural & Paints) - Global Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/paint-coating-market-156661838.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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