Mar 12, 2020: 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 Radiant Insights, 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.
Pre-painted metal products such as sheets, plates, and coils are largely used in the commercial construction industry. The aforementioned product category is used as panels for roofing, wall, and other structural parts of the building. The product offers superior properties such as corrosion, wear, UV resistance, no environmental pollution, and durability, which resulted in the greater penetration of pre-painted products for aforementioned building applications.
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Similarly, the product is used in manufacturing various automotive components such as oil filter caps, wiper blade assemblies, and body-in-white of cars. Rising demand for automobiles owing to increasing consumer spending and rapid industrialization are likely to drive demand for the product over the coming years. According to the OICA, the global sales of commercial vehicles increased by 5.6% from 2017 to 2018. North America is the fastest growing segment in terms of volume owing to growth in construction and automotive sectors, especially in U.S. According to the United States Census Bureau, U.S. construction spending increased by 29.7% from 2014 to 2018. Also, increasing production of motor and electric vehicles is anticipated to drive the market over the coming years.
The pre-painted metal market is fragmented in nature with the presence of established and local players such as ArcelorMittal, Tata BlueScope Steel, SSAB, Nippon Steel Corporation, American Douglas Metals, Inc., NLMK, Voestalpine AG, MMK, and Shandong Kerui Steel Plate Co., Ltd. These companies are also focusing on capacity expansions, mergers and acquisitions to increase their market share and to meet growing demands.
Further key findings from the report suggest:
- The pre-painted aluminum segment is anticipated to exhibit a CAGR of 10.2% in terms volume from 2019 to 2025. The growth is benefited by the properties of aluminum such as lightweight and high strength
- The construction segment is anticipated to progress at a CAGR of 7.8% in terms of volume over the coming years. Rapid urbanization and growing population are likely to promote the growth of residential and commercial sectors
- Transportation is the one of the fast growing segments with a CAGR of 11.7% in terms of revenue over the coming years. The growth is attributable to increasing demand from electric vehicles and stringent regulations on enhancing fuel economy
- Europe is projected to witness a CAGR of 7.5% in terms of volume from 2019 to 2025. The growth is attributable to rising demand from the infrastructure and automotive sectors
- The established players are investing huge amounts in R&D to launch new products based on end-user requirements
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Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
Chapter 3. Pre-Painted Metal Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Manufacturing trends
3.3.2. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Business Environment Analysis: Pre-Painted Metal Market
3.6.1. Industry Analysis - Porter's
3.6.1.1. Supplier Power
3.6.1.2. Buyer power
3.6.1.3. Threat of substitutes
3.6.1.4. Threat of new entrants
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political Landscape
3.6.2.2. Economic Landscape
3.6.2.3. Social Landscape
3.6.2.4. Technological Landscape
Continued………..
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The Global Pre-Painted Steel Market Report is prepared to club all the essential market details such as market size, share, value, growth, restraints, challenges, and opportunities during the study period of 2020-2026.
The detailed content of the market study ensures intellectual insights given a better understanding of the untapped opportunities in the market.Global Pre-Painted Steel Scope and Market SizePre-Painted Steel market is segmented by Type, and by Application.
The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2015-2026.Access Full Report with Table of Contents @ https://www.decisiondatabases.com/ip/46537-pre-painted-steel-industry-market-reportThe major vendors covered:ArcelorMittalTata BlueScope SteelSSABNippon Steel CorporationUNICOILMMK GroupImpolNLMKSeAH Coated MetalScope MetalsCascadia MetalsPrassas Metal Products, Inc.Arvedi GroupSegment by Type, the Pre-Painted Steel market is segmented intoHot Dip Galvanised Steel (HDG)Galvanized Mild Steel (GMS)OthersSegment by Application, the Pre-Painted Steel market is segmented intoConstructionTransportationConsumer ElectronicsOther ApplicationsRegional and Country-level AnalysisThe Pre-Painted Steel market is analysed and market size information is provided by regions (countries).The key regions covered in the Pre-Painted Steel market report are North America, Europe, China and Japan.
It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2026.Competitive Landscape and Pre-Painted Steel Market Share AnalysisPre-Painted Steel market competitive landscape provides details and data information by manufacturers.
The report offers comprehensive analysis and accurate statistics on production capacity, price, revenue of Pre-Painted Steel by the player for the period 2015-2020.
