The pre-painted steel coil market is expected to register a positive CAGR of 6.4% during the forecast period 2022-2032 and reach a value of US$19.79 billion; MR Fact Reports

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“Growth in warehousing business across the globe is expected to drive the market,” says an analyst at Fact.MR.

Dublin, Ireland, Aug. 19, 2022 (GLOBE NEWSWIRE) — Fact.MR forecasts demand for pre-coated steel coil to grow at a CAGR of 6.4% in value over the assessment period. Additionally, the report estimates that the market for organic coated steel coil is expected to surpass $64.43 billion by the end of 2032.

Growth in e-commerce and retail activity should bode well for growth over this period. Coil coated steel coils are used for roofing and wall panels of buildings, and their consumption in steel frame and pole buildings is increasing. The metal building segment is expected to witness the highest consumption during the forecast period owing to the demand from commercial buildings, industrial buildings, and warehouses. Consumption of post-frame buildings was driven by the commercial, agricultural and residential segments.

The COVID-19 pandemic has led to an increase in online shopping activity. This has led to growing warehousing needs around the world. E-commerce companies are stepping up their business owing to the increase in online shopping by consumers. For example, e-commerce companies in developing economies such as India have tendered large warehouse spaces in the range of 4 million square feet to expand their operations in cities. metropolitan areas in 2020. Indian urban logistics space demand of around 7-million square feet is expected to be seen by 2022.

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Key insights from market research

  • The metal building applications segment accounted for more than 70% of global volume in 2022

  • Asia-Pacific to Accumulate 40% Revenue Share in Pre-Painted Steel Coil Market

  • North America is expected to account for 42% of global market revenue in 2022 and beyond

  • Global Prepainted Steel Coil Market to be valued at USD 10.64 Billion by the end of 2022

Competitive landscape

The competitive landscape of the pre-coated steel coil market is shaped by product innovation and strategic mergers and acquisitions. Some prominent pre-coated steel coil manufacturers are ArcelorMittal, POSCO, NLMK, Nippon Steel Coated Sheet Corporation, Tata BlueScope Steel, Alucosuper New Materials Co., Ltd, UNICOIL, Shanghai Metal and Dana Steel Corporation Industry LLC. Pioneers focus on capacity improvements and global footprint expansion to capitalize on lucrative prospects in developing economies. Some notable developments are:

  • In November 2021, POSCO signed a memorandum of understanding with Brazilian raw material supplier Vale on November 4 and agreed to jointly research the application and use of new raw materials that can reduce carbon emissions. The two companies have also agreed to cooperate on iron ore pellets, a major raw material for reducing carbon emissions. Vale, the world’s largest pellet supplier, plans to conduct various researches such as improving pellet quality through cooperation between the two companies.

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Highlights of the Prepainted Steel Coil Market Report

  • In terms of revenue, the metal building application segment is expected to register the highest growth rate from 2022 to 2030. The industrialization and growth of online retail markets across the globe has given rise to the demand of industrial storage and warehouse space, as the number of e-commerce and distribution stores has increased

  • The metal building applications segment accounted for more than 70.0% of global volume in 2021 and was driven by growth in the commercial and retail segments. Commercial buildings dominated the segment in 2021 and are expected to be driven by growing demand for warehouses and cold rooms

  • Asia-Pacific was the largest regional market in 2021, in terms of volume and revenue. Investment in pre-engineered buildings (PEB) has been the main driver of market growth

  • North America is expected to show the highest CAGR from 2022 to 2030, in terms of volume and revenue. Growing developer preference for pre-engineered buildings and modular construction contributes to this demand

  • The industry is fragmented and characterized by high competition due to the presence of prominent Chinese manufacturers serving major geographies around the world.

Key Market Segments in Pre-Painted Steel Coil Industry Research

  • By app

    • Metal buildings

      • Automotive buildings

      • Agricultural buildings

      • Aeronautical buildings

      • Commercial buildings

      • Residential buildings

      • Others

    • Post Frame Buildings

      • Automotive buildings

      • Agricultural buildings

      • Aeronautical buildings

      • Commercial buildings

      • Residential buildings

      • Others

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More valuable information

In its latest report, Fact.MR offers an unbiased analysis of the Coil Coated Steel Coil Market providing historical data for the period 2015-2021 and forecast statistics for the period 2022-2032.

The study gives essential insights on the Prepainted Steel Coil market on the basis of application (Metal Buildings and Pole Frame Buildings) in five major regions (North America, Latin America, Europe, Asia-Pacific and Middle East and Africa).

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