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Market Overview of Coated Steel Plates
Major application sectors of coated steel plates include construction, infrastructure, automobiles, engineering and so on. Zinc coated steel roofing has an average life span of 15 to 20 years, and in the construction and infrastructure sectors in urban areas, there is a steadily growing demand for PPGI steel.
1. New markets for coated steel sheets
The construction sector plays a vital role as the end user of metal coated and organic coated steel plates. Increasing urbanization and population growth are creating new markets for coated steel products for the construction industry.
According to statistics from the United Nations Department of Economic and Social Affairs in 2018, about 55% of the world's population live in urban areas. By 2050, the urban population is expected to reach 68%, of which the largest growth will be in Asia and Africa.
2. Global market share distribution of coated steel plates
The coated steel plate industry is dominated by metal coated steel sheets, accounting for approximately 81% of the entire coated steel plate market.
New investments in metal and organic coated steel plates are mainly in Asia, followed by the United States. International Steel (ISL) announced the expansion of its production capacity in Pakistan, with 350,000 tons of HDG and 50,000 tons of color coated steel sheets respectively.
Northeast Asia is the largest market. Due to high infrastructure and construction expenditures, as well as huge automotive and manufacturing industries, it accounts for approximately 44% of the global consumption of metal coated steel sheet.
Due to the limitation of the end-use, the development trend of organic coating or PPGI market is different from that of the metal coating. Due to a large number of applications in the construction field, Europe has become the largest market for coated steel sheets.
- Flat Carbon Steel
- Long Carbon Steel
- Pipes & Tubes
- Finished Steel Products
- Alloy Steel
- Stainless Steel