Dublin, Ireland, Aug. 19, 2022 (GLOBE NEWSWIRE) -- Fact.MR foresees that the demand for pre-painted steel coil is projected to expand at a CAGR of 6.4% in terms of value during the period of assessment. Moreover, the report estimates that the market for pre-painted steel coil is likely to surpass US$ 64.43 Bn by end of 2032.
Growth in e-commerce and retail activity is set to augur growth during this period. Pre-painted steel coils are used for roofing and wall paneling of buildings, and their consumption in metal- and post-frame buildings is on the rise. The metal building segment is anticipated to witness the highest consumption over the forecast period owing to the demand from commercial buildings, industrial buildings, and warehouses. Post-frame buildings consumption was driven by the commercial, agriculture, and residential segments.
The COVID-19 pandemic has led to an increase in online shopping activity. This has led to the growth in warehousing requirements around the world. E-commerce companies are scaling up operations due to the increased online shopping by consumers. For instance, e-commerce companies in developing economies such as India floated lease tenders for large warehousing spaces of the order of 4-million square feet to expand their operations within metro cities in 2020. Demand for urban Indian logistic space of the order of 7-million square feet is expected to be witnessed by 2022.
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Key Takeaways from the Market Study
The competitive landscape of the pre-painted steel coil market is shaped by product innovation and strategic mergers & acquisitions. Some prominent manufacturers of pre-painted steel coil 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. Frontrunners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies. Some notable developments are as follows:
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Pre-Painted Steel Coil Market Report Highlights
Key Market Segments in Pre-Painted Steel Coil Industry Research
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In its latest report, Fact.MR offers an unbiased analysis of the pre-painted steel coil market providing historical data for the period of 2015-2021 and forecast statistics for the period of 2022-2032.
The study gives critical insights into the pre-painted steel coil market on the basis of application (metal buildings and post-frame buildings) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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