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.
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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
The global Coated Steelmarket is segmented on the resintype, application, and region.
1. By Resin Type:
1.1 Siliconized Polyester
2. By Application:
2.3 Building and Construction
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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
The major players in the market are as follows:
2. Jindal Steel and Power
3. SSAB AB
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
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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.