Pre-painted Steel Coil Market Size Worth $23.34 Billion By 2030: Grand View Research, Inc.

SAN FRANCISCO, April 13, 2022 /PRNewswire/ -- The global pre-painted steel coil market size is expected to reach USD 23.34 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.9% from 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.

Key Insights & Findings from the report:

• In terms of revenue, the metal buildings application segment is projected to register the highest growth rate from 2022 to 2030. Industrialization and growth in online retail markets across the world have given rise to the demand for industrial storage spaces and warehouses as the number of e-commerce and distribution stores have increased.
• The metal buildings application segment accounted for over 70.0% share of the global volume in 2021 and was driven by growth in the commercial and retail segments. Commercial buildings dominated the segment in 2021 and are projected to be driven by the rising demand for warehouses and cold storage.
• Asia Pacific was the largest regional market in 2021, in terms of both volume and revenue. Investment in pre-engineered buildings (PEBs) was the main factor for the market growth.
• North America is expected to exhibit the highest CAGR from 2022 to 2030, in terms of both volume and revenue. The increasing preference of real estate developers for prefabricated buildings and modular construction is contributing to this demand.
• The industry is fragmented and characterized by strong competition owing to the presence of prominent manufacturers from China serving major geographies across the globe.

Read 129-page market research report, "Pre-painted Steel Coil Market Size, Share & Trends Analysis Report By Application (Metal Buildings, Post-frame Buildings), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Pre-painted Steel Coil Market Growth & Trends

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.

Pre-painted steel coil is manufactured by using a hot-dip galvanized steel coil as a substrate that is coated with layers of organic coating to prevent it from rusting. A special layer of paint is applied to the back and top of the steel coil. There can either be two or three layers of coating, depending upon the application and customer requirement. This is sold to roofing and wall paneling manufacturers either directly from pre-painted steel coil manufacturers, service centers, or third-party distributors. The market is fragmented and is characterized by strong competition owing to the presence of Chinese manufacturers selling across the world. Other manufacturers sell within their region and compete on the basis of product innovation, quality, price, and brand reputation.

Recent technology innovations such as the no-rinse pre-treatment, thermal curing techniques of paint using infra-red (IR) and near infra-red (IR), and new techniques that allow efficient collection of volatile organic compounds (VOCs) have improved product quality and producer cost competitiveness. In order to mitigate the impact of COVID-19 on operations, many manufacturers have looked at ways to minimize market opportunity losses for growth by investing in R&D, accessing financial and capital markets, and mobilizing financial resources internally to achieve cash flow. Players also have their own service centers with slitting, cut-to-length, and processing activities in order to offer customized solutions with lower Minimum Order Quantities (MOQ). Industry 4.0 is another trend that is gaining importance during the post-COVID era to curb losses and costs.

Pre-painted Steel Coil Market Segmentation

Grand View Research has segmented the global pre-painted steel coil market on the basis of application and region:

Pre-painted Steel Coil Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Metal Buildings
• Automotive Buildings
• Agriculture Buildings
• Aviation Buildings
• Commercial Buildings
• Residential Buildings
• Others
• Post-frame Buildings
• Automotive Buildings
• Agriculture Buildings
• Aviation Buildings
• Commercial Buildings
• Residential Buildings
• Others

Pre-painted Steel Coil Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

List of Key Players of Pre-painted Steel Coil Market

• ArcelorMittal
• Alucosuper New Materials Co., Ltd.
• Dana Steel Industry LLC
• Nippon Steel Coated Sheet Corporation
• NLMK
• POSCO
• UNICOIL
• Shanghai Metal Corporation
• Tata BlueScope Steel

Check out more related studies published by Grand View Research:

• Pre-Painted Metal Market - The global pre painted metal market size is expected to reach USD 27.9 billion by 2025, expanding at a CAGR of 11.2%, according to a new report by Grand View Research, Inc. Growth in the commercial construction sector is likely to propel the product demand as it is used in facades, cladding system, and roofing structures.
• Paint Protection Film Market - The global paint protection film market size is projected to reach USD 428.09 million by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.4% during the forecast period. Increasing consumer awareness about vehicle paint protection against stone chipping, bug splatters, and abrasions is expected to trigger the demand for Paint Protection Films (PPFs).
• 72" Paint Protection Film Market - The global 72" paint protection film market size is expected to reach USD 20.6 million by 2027 registering a CAGR of 4.0% from 2020 to 2027, according to a report by Grand View Research, Inc. Increasing product demand from the automotive & transportation, aerospace & defense and a few other application industries is expected to propel market growth.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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