Coated Steel Market worth 26.68 Billion USD by 2020

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MarketsandMarkets Presents

• Coated Steel Market worth 26.68 Billion USD by
  2020

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• The report "Coated Steel Market by Resin Type
  (Polyester, Fluoropolymer, Siliconized Polyester,
  Plastisol, and Others), by Application (Building
  Construction, Appliances, Automotive, and
  Others) - Global Forecast to 2020", The global
  coated steel market (20152020) is projected to
  reach USD 26.68 Billion by 2020 registering a
  CAGR of 5.30 between 2015 and 2020. 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.
• The coated steel market size, in terms of value,
  is estimated to reach USD 26.68 Billion by 2020,
  signifying a firm CAGR of over 5.30 between 2015
  and 2020. The coated steel market registered a
  moderate growth in the past few years and is
  likely to continue the same growth in the coming
  years. This growth is driven by the growing of
  building construction and appliances
  industries.

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• Growing demand from end-use industries is driving
  the demand for coated steel
• 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 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.
• The coated steel industry finds its application
  majorly in building construction, appliances,
  automotive, and other industries, which includes
  AHU, generator canopy, signage, solar heaters,
  lighting fixtures, furniture, metal doors
  frames, and decking profilers. The growth of
  building construction application is driven by
  increasing urbanization in Asia-Pacific and RoW,
  which resulted into increased demand for
  residential, commercial, and industrial
  infrastructure.

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• Polyester the largest resin type for coated steel
• In 2015, the polyester resin 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.
• Asia-Pacific is the largest market for coated
  steel, both in terms of volume and value,
  followed by Europe and North America. Countries
  such as the China, India, South Korea, Russia,
  and the U.S. and the Middle Eastern countries are
  the major markets of coated steel. Due to
  increasing demand on the domestic front,
  increasing income levels and easy access to
  resources, Asia-Pacific has emerged as the
  leading market of coated steel.

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