U.S. Coated Steel Market Is Expanding At A CAGR Of 4.4% Over The Forecast Period

 U.S. Coated Steel Industry Overview

The U.S. coated steel market size is expected to reach USD 36.71 billion by 2028, expanding at a CAGR of 4.4% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for lightweight automotive parts coupled with a rising trend toward the aesthetic appearance of steel products is anticipated to drive market growth across the projected period.

Steel is coated with various materials such as zinc and tin to prevent it from corrosion and increase its life cycle. Coated steel is vastly used in applications where food safety, aesthetic appearance, and corrosion resistance are of vital significance. The product thus finds applications in construction, automotive, appliances, packaging, furniture, and many other industries.

Based on product, the market is segmented into galvanized, pre-painted, and others. Galvanized constituted the largest share in 2020 and is expected to maintain its dominance over the forecast period. The product owing to its characteristics is widely used for doors and windows. Benefits of steel profiles with galvanized coating are high structural characteristics, high strength, low coefficient of expansion, and modern as well as traditional designs.

Moreover, the growing significance of metal roofing in U.S. houses in extreme climates has propelled the demand for galvanized steel as it offers better and long-lasting performance. The benefits of installing a metal roof are easy installation, fire resistance, lightweight, and low heat conduction. These benefits are propelling demand for a metal roof in the U.S. and thus, are anticipated to positively influence galvanized steel consumption over the forecast period.

Growing demand product demand in the U.S. is attracting international players to set up new plants in the country. For instance, as of September 2021, Australia-based BlueScope is eyeing to construct a new steel painting and coating facility in the eastern U.S. to pursue downstream opportunities. Other players such as Nucor and Steel Dynamics Inc. are also planning to expand their production capacities.


U.S. Coated Steel Market Segmentation

Grand View Research has segmented the U.S. coated steel market based on product, application, and region:

Based on the Product Insights, the market is segmented into Galvanized, Pre-painted, and Others.

  • Pre-painted steel finds application in construction, appliances, automotive, and container industries. It is used in metal roofing, garage doors, lighting fixtures, appliances, HVAC, refrigerator cabinets and doors, washing machines, freezers, coolers, microwaves, and dishwashers. Rising demand for consumer goods in the U.S. is anticipated to augment segment growth over the forecast period.

  • Other products include organic and tin-plated steel. Tin-plated steel is extensively used in producing containers and cans for processed food packaging applications. The U.S. is a major contributor to the global metal cans industry. The growth of the segment can thus, be attributed to the rising demand for metal cans from the packaged food industry.

Based on the Application Insights, the market is segmented into Building & Construction, Appliances, Automotive, and Others.


  • In the automotive segment, the product is preferred for its characteristics and low cost. The increasing prominence of lightweight materials for automotive manufacturing is expected to be the key catalyst for product demand. In addition, critical issues such as environmental pollution and corrosion propensity in coastal areas have augmented the use of coated steel in automobiles.
  • Other applications include furniture, packaging, and fabrications. The increasing demand for the product in metal furniture, food packaging, and steel fabrication is augmenting the market growth. Steel is extensively used in metal furniture. Its applications range from office furnishings to outdoor settings. It is used in producing hinges, slides, and body pieces.


U.S. Coated Steel Regional Outlook

  • Northeast
  • Midwest
  • South
  • West

 

Order a free sample PDF of the U.S. Coated Steel Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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Grand View Research, Inc.

Phone: 1-415-349-0058

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