Color Coated Steel Composite Market - Forecast(2024 - 2030)
Color Coated Steel Composite Market size is forecast to reach $XX billion by 2025, after growing at a CAGR of 6.56% during 2020-2025. Owing to their corrosion-resistance and superior strength & lightweight qualities, color-coated steel composite is commonly used in various applications. Color-coated steel composites combine steel strength with resilience to corrosion, and durability due to which it is preferred highly in the building & construction industry. Besides, these are fire resistant and provide cooling in summer while warming in winter, thus the growth of the color-coated steel composite industry is expected to accelerate in the forecast period.
Report Coverage
The: “Color Coated Steel Composite Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Color Coated Steel Composite Industry.
By Primer Type: Epoxy Primer, Polyester Primer, Polyurethane, and Polyvinyl chloride (PVC)
By Product Type: Cold rolled steel, Galvanized Steel, Colour Coated Steel, and Others
By Application: Outside Construction Material, Indoor applications, Window, Home Applicant, and Others
By End Use: Building & Construction, Automotive, Appliances, and Others
By Geography: North America, Asia Pacific, Europe, Middle East & Africa, and South America
Key Takeaways
- APAC dominates the Coated Glass Market due to the increasing use of color coated steel composites in the construction of residential and non-residential buildings.
- Use of Color Coated Steel Composite provides long-lasting protection and repellence against water or snow while at the same time providing them with an attractive appearance is expected to boost the demand of Color Coated Steel Composite Market in the predicted period.
- Continuous use of poison polymers such as Polyvinyl Chloride in applications such as coating of steel will create hurdles for the Color Coated Steel Composite Market in the forecast period.
- Lockdown measures to stop the spread of the Covid-19 pandemic have immensely affected steel customers like the automotive and construction segments that closed down. Being an intermediate product, dependent on derived demand, steel companies resorted to rationalizing production.
By Primer Type - Segment Analysis
Epoxy primer is extensively used in Color Coated Steel Composite Market. Antirust epoxy primer is applied for active anti-corrosive and anti-rust protection of iron and steel surfaces. Epoxy primer is favored for roofing because they contain chromate pigments for increased resistance to corrosion. Since it is extremely hard and resistant to friction it can be used as a coating for the protection of silos, steel bridges, iron roofs, pipes, fences, etc. Also, epoxy primer creates a hard, non-toxic, metallic finish that safeguards a wide variety of materials from the effects of ultraviolet rays, chemicals, oils, alkalis, food acids, water immersion, abrasion, and high-pressure washdowns. Due to which there will be an increase in Color Coated Steel Composite Market in the forecast period.
By Product Type - Segment Analysis
Cold rolled steel held the largest share in Color Coated Steel Composite Market in 2019. Steel composites are conventional metal-matrix composites where steel is combined with other metals, ceramic materials, or polymers. Due to modern facilities, advanced operational technology, strict inspection, and integrated quality control the excellent quality of surface color coated Steel composite of Cold rolled steel is used in Mold & Dies, Ship Plate, Boiler Plate, Container Plate, flange plate and roofing Material. Also, cold rolled steel sheets offer a variety of outstanding properties, including easy formability and a smooth, clean surface, and are used in automobiles, appliances, furniture, and many other everyday items.
By Application Type - Segment Analysis
Color Coated Steel Composite held the largest share in outside construction material application in Color Coated Steel Composite Market in 2019 and is estimated to grow with a CAGR of 5.26% during the forecast period 2020-2025. Considering the demand towards a more environmentally sustainable future, color coated steels can play a part in new building construction solutions. Color Coated Steel Composite is an appealing choice due to a wide range of shapes, shades, and surface textures combined with environmentally friendly products. Also, along with being extremely durable color coated steel has the benefit of being a combination of lightweight and high strength due to which it is easily handled and most preferred in construction sites. Due to these properties, the growth of the Color Coated Steel Composite Market is estimated to rise in the forecast period.
By End Use -Segment Analysis
Building & construction application growth is driven by rising urbanization in Asia-Pacific, resulting in increased demand for residential, commercial, and industrial infrastructures. Color Coated Steel Composite is UV-resistant (up to RUV4), energy-efficient, scratch resistant, have good formability, and offer color stability over the years due to which it makes itself highly suitable for roofing in building & construction industry. Besides, the facade is easy to cut & bend and is also available in hundreds of colors and finishes and stands the test of time. Also, the rising demand for new houses with low-interest rates on home loans will ultimately drive the market.
Geography- Segment Analysis
Asia Pacific held the largest share with 38.65% in Coated Glass Market due to the increasing use of steel composite in the construction industry. Countries such as China, India, Japan, and South Korea are expected to lead the Asia-Pacific color coated steel composite market, with China accounting for the largest share in the regional demand for coated steel. China is the world’s leading construction market; hence the demand for color coated steel in China is comparatively high. According to the International Trade Administration, China exports steel to more than 200 countries and territories. In 2018, China was the world’s largest steel exporter. In 2019, China exported 33.2 million metric tons of steel. Due to the COVID-19 palindrome steel companies, including those under the public sector are considering to scale down the production. Owing to nationwide shutdown, movement of the raw material required for steel making is being impacted in many states.
Drivers –Color Coated Steel Composite Market
- Increasing use of color coated steel composite in automotive
Due to the vulnerability of steel to attack by aggressive chemical environments or even from simple atmospheric oxidation, coatings are required to provide different degrees of protection. Color coated steel composite is ubiquitous in car bodies and engine components. Steel contributes about 60-65% of the total raw material content in the average Indian vehicles. Recognizing the evolving needs of the automotive industry, Tata Steel has invested heavily in new plants, technologies, and infrastructure. Tata Steel has taken the lead in the production of specialized products for the automotive segments such as high strength micro-alloyed steels, Interstitial Free (IF) steel, and Galva Annealed for two-wheeler fuel tanks. Also, Tata Steel is the first domestic integrated supplier of hot-rolled high-strength steels and outer body panels for passenger vehicles.
- Increasing use in home applicants
Color coated steel composite has high-gloss due to which it can be used in the production of home appliances such as refrigerators and washing machines. Color coated steel composite in the home appliance industry offers advantages such as producing sheets at high speed; removing the coloring phase in the production lines of the home appliance plants; improving the quality of products; eliminating gas pollutants and consequently improving environmental processes, and cutting the cost price of the product. Also, increasing use of color coated steel composite for the construction of numerous home appliances, including refrigerators, ovens, microwaves, sinks, radiators, kitchen utensils, razors, decorative coating for lamps and stereos, will further drive the use of color coated steel composite for home applicants in the forecast period.
Challenges –Color Coated Steel Composite Market
- Health Hazards from PVC coatings
Polyvinyl Chloride is the third-largest common type of plastic which is environmentally damaging and is widely used in packaging films. PVC has been labeled as the poison plastic by Greenpeace Organization. According to the World Health Organization (WHO), Polyvinyl Chloride releases a highly toxic chemical called Dioxin when it ends up in landfills and harms marine life. The production of Polyvinyl Chloride is highly demanding, and it produces a huge amount of chemical pollutants.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Color Coated Steel Composite Market. In 2020, the market of Color Coated Steel Composite Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Color Coated Steel Composite Market are Arcelormittal S A, Baosteel, Benbow Steel, Coated Metal Group, Jfe Steel, Nippon Steel Sumitomo Metal Corp, Thyssenkrupp, United State Steel Corporation, Yieh Phui Enterprise, and Tata Steel among others.
1. Color Coated Steel Composite Market - Market Overview
1.1 Definitions and Scope
2. Color Coated Steel Composite Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Primer Type
2.3 Key Trends by Product Type
2.4 Key Trends by Application
2.5 Key Trends by End Use
2.6 Key Trends by Geography
3. Color Coated Steel Composite Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Color Coated Steel Composite Market - Startup companies Scenario Premium (Premium)
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Color Coated Steel Composite Market – Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Color Coated Steel Composite Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Color Coated Steel Composite Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Color Coated Steel Composite Market – By Primer Type (Market Size -$Million)
8.1 Epoxy Primer
8.2 Polyester Primer
8.3 Polyurethane
8.4 Polyvinyl Chloride (PVC)
9. Color Coated Steel Composite Market – By Product Type (Market Size -$Million)
9.1 Cold rolled Steel
9.1.1 CRFH Coils
9.1.2 CRCA Coils
9.1.3 CRCA Plain Sheets
9.2 Galvanized Steel
9.2.1 HDG Coils
9.2.2 HDG Plain Sheets
9.2.3 HDG Corrugated Sheets
9.3 Color Coated Steel
9.3.1 Color Coated Coils
9.3.2 Color Coated Plain Sheets
9.3.3 Color coated profiled sheets
9.4 Others
10. Color Coated Steel Composite Market – By Application (Market Size -$Million)
10.1 Outside Construction Material
10.1.1 Roofing
10.1.2 Facades
10.1.3 Walls
10.1.4 Others
10.2 Indoor Applications
10.2.1Heating and Cooling Systems
10.2.2Ventilation
10.2.3Others
10.3 Home Applicants
10.3.1 Refrigerators
10.3.2 Deep Freezers
10.3.3 Washing Machine
10.4 Windows
10.5 Electrical control panels
10.6 Others
11. Color Coated Steel Composite Market - By End Use (Market Size -$Million)
11.1Building & Construction Industry
11.2Automotive Industry
11.3Appliances
11.4Others
12. Color Coated Steel Composite Market - By Geography (Market Size -$Million)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 South America
12.2.1 Brazil
12.2.2 Argentina
12.2.3 Colombia
12.2.4 Chile
12.2.5 Rest of South America
12.3 Europe
12.3.1 U.K
12.3.2 Germany
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Netherlands
12.3.7 Russia
12.3.8 Belgium
12.3.9 Rest of Europe
12.4 Asia Pacific
12.4.1 China
12.4.2 India
12.4.3 ANZ
12.4.4 Japan
12.4.5 South Korea
12.4.6 Rest of Asia Pacific
12.5 ROW
12.5.1 Middle East
12.5.1.1 Saudi Arabia
12.5.1.2 UAE
12.5.1.3 Israel
12.5.1.4 Rest of Middle East
12.5.2 Africa
12.5.2.1 South Africa
12.5.2.2 Nigeria
12.5.2.3 Rest of South Africa
13. Color Coated Steel Composite Market - Entropy
13.1 New Product Launches
13.2 M&A’s, Collaborations, JVs and Partnerships
14. Market Share Analysis (Premium)
14.1 Market Share by Country- Top companies
14.2 Market Share by Region- Top companies
14.3 Market Share by type of Product / Product category- Top companies
14.4 Market Share at global level- Top companies
14.5 Best Practices for companies
15. Color Coated Steel Composite Market - List of Key Companies by Country (Premium)
16. Color Coated Steel Composite Market - Company Analysis
16.1 Market Share, Company Revenue, Products, M&A, Developments
16.2 Company 1
16.3 Company 2
16.4 Company 3
16.5 Company 4
16.6 Company 5
16.7 Company 6
16.8 Company 7
16.9 Company 8
16.10 Company 9
16.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Global Color Coated Steel Composite Market, By Type Market 2023-2030 ($M)1.1 0.3Mm-0.8Mm Market 2023-2030 ($M) - Global Industry Research
1.2 0.8Mm-1.5Mm Market 2023-2030 ($M) - Global Industry Research
1.3 1.5Mm-2Mm Market 2023-2030 ($M) - Global Industry Research
1.4 Above 2Mm Market 2023-2030 ($M) - Global Industry Research
2.Global Global Color Coated Steel Composite Market, By End-User Market 2023-2030 ($M)
2.1 Outside Construction Material Market 2023-2030 ($M) - Global Industry Research
2.2 Inside Construction Material Market 2023-2030 ($M) - Global Industry Research
2.3 Window Market 2023-2030 ($M) - Global Industry Research
2.4 Home Applicant Market 2023-2030 ($M) - Global Industry Research
3.Global Global Color Coated Steel Composite Market, By Type Market 2023-2030 (Volume/Units)
3.1 0.3Mm-0.8Mm Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 0.8Mm-1.5Mm Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 1.5Mm-2Mm Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Above 2Mm Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Global Color Coated Steel Composite Market, By End-User Market 2023-2030 (Volume/Units)
4.1 Outside Construction Material Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Inside Construction Material Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Window Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Home Applicant Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Global Color Coated Steel Composite Market, By Type Market 2023-2030 ($M)
5.1 0.3Mm-0.8Mm Market 2023-2030 ($M) - Regional Industry Research
5.2 0.8Mm-1.5Mm Market 2023-2030 ($M) - Regional Industry Research
5.3 1.5Mm-2Mm Market 2023-2030 ($M) - Regional Industry Research
5.4 Above 2Mm Market 2023-2030 ($M) - Regional Industry Research
6.North America Global Color Coated Steel Composite Market, By End-User Market 2023-2030 ($M)
6.1 Outside Construction Material Market 2023-2030 ($M) - Regional Industry Research
6.2 Inside Construction Material Market 2023-2030 ($M) - Regional Industry Research
6.3 Window Market 2023-2030 ($M) - Regional Industry Research
6.4 Home Applicant Market 2023-2030 ($M) - Regional Industry Research
7.South America Global Color Coated Steel Composite Market, By Type Market 2023-2030 ($M)
7.1 0.3Mm-0.8Mm Market 2023-2030 ($M) - Regional Industry Research
7.2 0.8Mm-1.5Mm Market 2023-2030 ($M) - Regional Industry Research
7.3 1.5Mm-2Mm Market 2023-2030 ($M) - Regional Industry Research
7.4 Above 2Mm Market 2023-2030 ($M) - Regional Industry Research
8.South America Global Color Coated Steel Composite Market, By End-User Market 2023-2030 ($M)
8.1 Outside Construction Material Market 2023-2030 ($M) - Regional Industry Research
8.2 Inside Construction Material Market 2023-2030 ($M) - Regional Industry Research
8.3 Window Market 2023-2030 ($M) - Regional Industry Research
8.4 Home Applicant Market 2023-2030 ($M) - Regional Industry Research
9.Europe Global Color Coated Steel Composite Market, By Type Market 2023-2030 ($M)
9.1 0.3Mm-0.8Mm Market 2023-2030 ($M) - Regional Industry Research
9.2 0.8Mm-1.5Mm Market 2023-2030 ($M) - Regional Industry Research
9.3 1.5Mm-2Mm Market 2023-2030 ($M) - Regional Industry Research
9.4 Above 2Mm Market 2023-2030 ($M) - Regional Industry Research
10.Europe Global Color Coated Steel Composite Market, By End-User Market 2023-2030 ($M)
10.1 Outside Construction Material Market 2023-2030 ($M) - Regional Industry Research
10.2 Inside Construction Material Market 2023-2030 ($M) - Regional Industry Research
10.3 Window Market 2023-2030 ($M) - Regional Industry Research
10.4 Home Applicant Market 2023-2030 ($M) - Regional Industry Research
11.APAC Global Color Coated Steel Composite Market, By Type Market 2023-2030 ($M)
11.1 0.3Mm-0.8Mm Market 2023-2030 ($M) - Regional Industry Research
11.2 0.8Mm-1.5Mm Market 2023-2030 ($M) - Regional Industry Research
11.3 1.5Mm-2Mm Market 2023-2030 ($M) - Regional Industry Research
11.4 Above 2Mm Market 2023-2030 ($M) - Regional Industry Research
12.APAC Global Color Coated Steel Composite Market, By End-User Market 2023-2030 ($M)
12.1 Outside Construction Material Market 2023-2030 ($M) - Regional Industry Research
12.2 Inside Construction Material Market 2023-2030 ($M) - Regional Industry Research
12.3 Window Market 2023-2030 ($M) - Regional Industry Research
12.4 Home Applicant Market 2023-2030 ($M) - Regional Industry Research
13.MENA Global Color Coated Steel Composite Market, By Type Market 2023-2030 ($M)
13.1 0.3Mm-0.8Mm Market 2023-2030 ($M) - Regional Industry Research
13.2 0.8Mm-1.5Mm Market 2023-2030 ($M) - Regional Industry Research
13.3 1.5Mm-2Mm Market 2023-2030 ($M) - Regional Industry Research
13.4 Above 2Mm Market 2023-2030 ($M) - Regional Industry Research
14.MENA Global Color Coated Steel Composite Market, By End-User Market 2023-2030 ($M)
14.1 Outside Construction Material Market 2023-2030 ($M) - Regional Industry Research
14.2 Inside Construction Material Market 2023-2030 ($M) - Regional Industry Research
14.3 Window Market 2023-2030 ($M) - Regional Industry Research
14.4 Home Applicant Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Color Coated Steel Composite Market Revenue, 2023-2030 ($M)2.Canada Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
3.Mexico Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
4.Brazil Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
5.Argentina Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
6.Peru Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
7.Colombia Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
8.Chile Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
9.Rest of South America Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
10.UK Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
11.Germany Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
12.France Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
13.Italy Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
14.Spain Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
15.Rest of Europe Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
16.China Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
17.India Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
18.Japan Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
19.South Korea Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
20.South Africa Color Coated Steel Composite Market Revenue, 2023-2030 ($M)
21.North America Color Coated Steel Composite By Application
22.South America Color Coated Steel Composite By Application
23.Europe Color Coated Steel Composite By Application
24.APAC Color Coated Steel Composite By Application
25.MENA Color Coated Steel Composite By Application
26.Arcelormittal S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Nippon Steel Sumitomo Metal Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Thyssenkrupp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.United State Steel Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Coated Metal Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Baosteel, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Yieh Phui Enterprise, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Jfe Steel, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Benbow Steel, Sales /Revenue, 2015-2018 ($Mn/$Bn)