Global Pre Painted Metal Market – Industry Trends and Forecast to 2029

Global Pre Painted Metal Market, By Product (SteelAluminum, Others), Distribution Channel (Online, Offline), Application (Construction, Transportation, Consumer Electronics, Others) - Industry Trends and Forecast to 2029.

Pre Painted Metal Market Analysis and Size

The global pre painted metal market is projected to grow at a healthy rate during the forecast period. The major factor which is boosting the pre painted metal market is the growing ultimatum from the electrical appliance industry. The growth in the building and construction sector is expected to dominate the pre painted metal globally over the forecast period. Therefore, the rising building and construction sector is one of the major factors which are expected to drive the growth of the global pre painted metal market during the forecast period of 2022-2029.

Data Bridge Market Research analyses that the pre painted metal market was valued at USD 18.31 billion in 2021 and is expected to reach USD 42.96 billion by 2029, registering a CAGR of 11.25% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Pre Painted Metal Market Scope and Segmentation

Market Definition

Pre painted metal is made by continuously applying film or paint coating to strip metals, mainly aluminium and steel. This process is named coil coating. The coating material forms a film which is having decorative, protective and specific properties. The coated surface is available in several gloss levels, colours, and surface textures.

Global Pre Painted Metal Market Dynamics

Drivers

• Rise in demand due to their property

The pre painted metal provides several properties such as the relative durability of the coating and recyclability which make them more suitable for several other applications such as HVAC, automotive, consumer electronics, and furniture. The excellent weathering resistance, availability in numerous colours, and no environmental pollution make it more suitable in both interior and exterior construction applications. These are some major factors which is projected to drive the growth of the pre painted metal market globally.

• Rise in the manufacturing of vehicle

The growing vehicle manufacturer is directly proportional to the rising demand for the automotive parts. As a result, pre-painted metal is widely used in manufacturing automotive parts. So, the growing demand for the production of vehicle is estimated to propel the demand for the pre painted metal due to this it has become a standard in all type of vehicle in the global market which are expected to drive the growth of the pre painted metal market.

Furthermore, increasing demand of pre painted metal in several end user industries such as automotive, consumer electronics, furniture, and other industries due to its formability, high strength, joint-ability and other properties will likely to increase the growth of the pre-painted metal market during the forecast period of 2022-2029.

Opportunities

• Growing demand of pre painted metal in construction industry

Rise in demand for pre painted metal in the building and construction sector is increasing the growth rate of the global market. The pre painted metal is used in gutters, partitions, roofing structures, ceiling systems, facades, cladding systems and a variety of ancillary components. According to Statistics Bureau Ministry of Internal Affairs and Communications of Japan, the country has spent US$ 30,380 Billion on building and construction in 2017, on residential buildings has spent, US$ 16,570 Billion and on non-residential buildings has spent US$ 13,810 Billion. Thus, growth in the construction industry is likely to create immense opportunities for the pre painted metal market in the near future.

Moreover, increasing strategic collaborations and rising the number of emerging new markets will also act as market drivers and create beneficial opportunities for the market’s growth rate.

Restraints/ Challenges

• Fluctuating prices  of raw material

High price of metal and high maintenance cost pose a major issue to the pre-painted metal market and restrain the market growth rate during the forecast period.

This pre painted metal market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pre painted metal market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Pre Painted Metal Market

The COVID-19 had an adverse impact on the global economy. It has affected several industrial sectors such as pre painted metal by hindering their supply chain. The pre-painted metal market highly depends highly on the steel and iron and steel industry. These industries had taken a hit during this pandemic. The demand and supply chain has been affected due to shut down and lockdown in numerous countries producing steel. According to World Trade Organisation, world trade in steel and iron was down 17% in the third quarter of 2020, but this drop was reduced to 2% by the fourth quarter. Steel and Iron trade indicates wider economic conditions as these products are greatly used in both building construction and automobile manufacturing, both of which have applications of pre-painted metal. Thus, COVID-19 left a major impact on the growth of the pre painted metal market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2021, ArcelorMittal launched XCarb which is carbon-neutral steel. Steelmaking activities. This introduction of this product would be an advanced step towards carbon-neutral steel, the demand of which is anticipated to increase in the forecast period owing to pollution issues.
• In April 2021, SSAB and Volvo Group signed a collaboration agreement on serial production, research, development and commercialization of the world’s first vehicles to be made by fossil-free steel. This was a great step towards the Volvo’s aim of becoming a climate-neutral company following the Paris agreement.
• In April 2021, Infosys and ArcelorMittal announced strategic collaborations to digitally enable and transform next-generation business process management (BPM) services and application management for ArcelorMittal Europe. This step will decrease the cost of manufacture and therefore will contribute to growth of the market.

Global Pre Painted Metal Market Scope

The pre painted metal market is segmented on the basis of product, distribution channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Steel
• Aluminum
• Others

Distribution Channel

• Online
• Offline

Application

• Construction
• Transportation
• Consumer Electronics
• Others

Pre Painted Metal Market Regional Analysis/Insights

The pre painted metal market is analysed and market size insights and trends are provided by country, product, distribution channel and application as referenced above.

The countries covered in the pre painted metal market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

Asia-Pacific dominates the pre painted metal market in terms of market share revenue. This is due to the rapid urbanization, increasing disposable income of the people, prevalence of favourable policies, availability of labour at low wages, and rising number of construction activities in this region.

North America will expect to fastest growing region during the forecast period of 2022-2029 due to the rising number of infrastructural activities in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Pre Painted Metal Market Share Analysis

The pre painted metal market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pre painted metal market.

Some of the major players operating in the pre painted metal market are:

• ArcelorMittal (Luxembourg)
• SSAB (Sweden)
• Nippon Steel Corporation (Japan)
• NLMK. (Russia))
• Tata BlueScope Steel (Australia)
• Haomei Aluminium (China)
• Voestalpine AG (Austria)
• UNICOIL (Saudia Arabia)
• Impol (U.S.)
• SeAH  Steel Corp, (South Korea)
• Cascadia Metals (Canada)
• Arvedi (Italy)
• Wieland-Wrisco Industries Inc. (U.S.)
• Aditya Birla Management Corporation Pvt. Ltd. (India)
• Kloeckner Metals Corporation (U.S.)