The latest research study published by Reports and Data titled Coated Steel Market provides a thorough assessment of the market. The report analyzes the historical and present-day scenario of the global Coated Steel market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the Coated Steel market, to identify the opportunistic avenues of the business potential for stakeholders.
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Leading companies operating in the global Coated Steel market are:
ArcelorMittal S.A.,
SSAB AB,
Salzgitter AG,
OJSC Novolipetsk Steel,
Voestalpine AG,
ThyssenKrupp AG,
Nippon Steel,
Sumitomo Metal Corporation,
Essar Steel Ltd.,
Tata Steel Ltd.,
and Jindal Steel & Power Ltd.,
among others.
The report also provides details about segments in the global Coated Steel market.
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Market segment analysis:
Type Outlook:
Color Coated
Metallic Coated
Application Outlook:
Automotive Industry
Domestic Appliances
Construction Industry
Furniture
Packaging
Fabrication
Others
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Regional Outlook:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of MEA
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Further key findings from the report suggest:
The APAC is expected to intensify with an estimated 8.4% CAGR, due to the booming construction industry, the demand in emerging nations such as China and India is rising. The government has taken steps for urbanization, and industrialization has led to the rapid growth of the production sector in the country, which will have a significant impact on regional growth.
North America is the second-biggest market trailed by the Asia Pacific due to rapidly increasing semiconductors and electronics. The U.S. soared as the largest market for the components in North America in 2019. This has been credited with the introduction of the country's refurbishing business.
The construction industry established as the most significant application segment, and in 2019 was valued at USD 5.16 billion.
The furniture industry is a sector of low concentration. As the most preferred material for furniture has become wood, the market demand in the segment has moved as well, many new competitors enter this sector, and a substantial part of the demand accounted for by small businesses.
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