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Global Colour Steel Market Is Projected To Reach 34.9 Million Tons By 2025

Colour steel or colour coated steel is cold rolled steel and galvanized steel substrate. It is surfaced preparation and applied a continuous coating,
joe zheng | 30.09.2018
New report published by Global Info Research which offers insights on the global Colour Steel market.

The global Colour Steel market is projected to reach 34.9 million tons by 2025 from 23.7 million tons in 2017, registering a CAGR of 4.95% between 2017 and 2025. 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.

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Global Colour Steel Market: Forecast by Type / Application / Region

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, Korea, Japan 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.

In 2017, the polyester Colour Steel 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.

Colour Steel market is competitive and fragmented with a small number of large global firm, and thousands of smaller local companies, the concentration of this market is very low. Leading companies are BlueScope, Kerui Steel, NSSMC, ArcelorMittal, Dongkuk Steel, ThyssenKrupp, Baosteel, Severstal and U.S. Steel.

Global Colour Steel Market: Key Players
    BlueScope
    Kerui Steel
    NSSMC
    ArcelorMittal
    Dongkuk Steel
    ThyssenKrupp
    Baosteel
    Severstal
    U.S. Steel
    Shandong Guanzhou
    JSW Steel
    NLMK Group
    Dongbu Steel
    Essar Steel
    POSCO
    JFE Steel
    Ansteel
    Wuhan Iron and Steel    

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Related Information:
United States Colour Steel Market 2018 Forecast to 2023
Europe Colour Steel Market 2018 Forecast to 2023
North America Colour Steel Market 2018 Forecast to 2023
Asia-Pacific Colour Steel Market 2018 Forecast to 2023
China Colour Steel Market 2018 Forecast to 2023
EMEA Colour Steel Market 2018 Forecast to 2023
Global Colour Steel Market 2018 Forecast to 2023

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