“Growth in warehousing activities across the world is projected to drive the market”, says a Fact.MR analyst.

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 metal buildings application segment accounted for over 70% share of the global volume in 2022

Asia Pacific to accumulate 40% revenue share in the pre-painted steel coil market

North America is likely to account for 42% of the global market revenue in 2022 and beyond

Global pre-painted steel coil market to be valued at US$ 10.64 Bn by the end of 2022

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:

In November 2021, POSCO signed a memorandum of understanding (MOU) with Brazilian raw material supplier, Vale on November 4 and agreed to jointly research the application and use of new raw materials that can reduce carbon emissions. The two companies also agreed to cooperate on iron ore pellets, a major raw material for reducing carbon emissions. Vale, the world’s largest pellet supplier plans to conduct various researches such as improving pellet quality through cooperation between the two companies.

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Pre-Painted Steel Coil Market Report Highlights

In terms of revenue, the metal buildings application segment is projected to register the highest growth rate from 2022 to 2030. Industrialization and growth in online retail markets across the world have given rise to the demand for industrial storage spaces and warehouses as the number of e-commerce and distribution stores have increased

The metal buildings application segment accounted for over 70.0% share of the global volume in 2021 and was driven by growth in the commercial and retail segments. Commercial buildings dominated the segment in 2021 and are projected to be driven by the rising demand for warehouses and cold storage

Asia Pacific was the largest regional market in 2021, in terms of both volume and revenue. Investment in pre-engineered buildings (PEBs) was the main factor for the market growth

North America is expected to exhibit the highest CAGR from 2022 to 2030, in terms of both volume and revenue. The increasing preference of real estate developers for prefabricated buildings and modular construction is contributing to this demand

The industry is fragmented and characterized by strong competition owing to the presence of prominent manufacturers from China serving major geographies across the globe

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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