Quadintel published a new report on the Pre-painted Steel Coil Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global Pre-painted Steel Coil Market is valued approximately USD 11.73 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 19.6 % over the forecast period 2022-2028.
Pre-painted steel coils are used in metal and post-frame building roofing and wall panelling. Metal building systems are commonly used in construction projects, particularly warehouses, distribution centres, and industrial complexes.
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As the number of e-commerce and distribution businesses has increased in the retail industry, the ongoing industrialization around the world is expected to fuel storage spaces and warehouses, ultimately helping market growth. The expansion of warehousing activities around the world is boosting metal building construction, which is expected to drive demand for pre-painted steel coil over the forecast period. Well-established construction firms are benefiting from rising demand in the residential and commercial sectors. Over the projected year, this is expected to boost demand for pre-painted steel coils in the country.. Furthermore, increased residential construction investments are adding to the market’s expansion. Builders are prioritizing the development of high-value homes in the country in order to boost revenues and recover from the COVID-19 pandemic’s losses. Another key area for U.S. market sellers is a boom in modular building activity. However, the market’s growth will be restrained by the high cost over the forecast period of 2022-2028.
The key regions considered for the Global Pre-painted Steel Coil Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific had the greatest volume share and is predicted to maintain this position throughout the projection period. Over the projected period, China, Japan, and India are expected to be the high-growth countries. The growing preference for metal over wood in Asian countries is driving demand for pre-painted steel coils for warehouses, sheds, barns, and automotive and aviation structures in the region. In Asia Pacific, the growing notion of pre-engineered steel buildings is gaining traction. It’s one of the region’s fastest-growing construction-related technologies. South Asian countries are building a slew of multi-story, mid-rise apartments based on this concept. The technology is modern, environmentally friendly, and long-lasting, which aids its adoption and, as a result, influences demand for pre-painted steel coils in Asia Pacific.
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Major market player included in this report are:
Nippon Steel Coated Sheet Corporation
Alucosuper New Materials Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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Furthermore, years considered for the study are as follows:
Target Audience of the Global Pre-painted Steel Coil Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
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The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
What aspects regarding the regional analysis Market are included in this report?
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