Pre-painted Steel Coil Market Size, Share & Trends Analysis Report By Application (Metal Buildings, Post-frame Buildings), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2022 - 2030

Report Overview

The global pre-painted steel coil market size was valued at USD 11.73 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2022 to 2030. Growth in warehousing activities across the world is providing impetus to metal building construction, thus anticipated to drive the market for pre-painted steel coil over the forecast period.

Pre-painted steel coils are used in roofing and wall paneling application of metal and post-frame buildings. The use of metal building systems is prevalent in construction projects, especially in warehouses, distribution centers, and industrial facilities. The ongoing industrialization across the world is projected to fuel storage spaces and warehouses as the number of e-commerce and distribution stores has risen in the retail industry, ultimately benefiting the market growth.

The U.S. held the largest share in the North American market in 2021, both in terms of volume and revenue. The country is expected to maintain its lead in the market over the forecast period. Growing demand from the residential and commercial sectors is encouraging well-established construction firms to enhance their reach in the U.S. This is expected to fuel the demand for pre-painted steel coils in the country over the forecast period.

For instance, in November 2020, the affiliates of UFP Construction LLC acquired the assets of three companies, namely, Atlantic Prefab, Inc.; Exterior Designs, LLC; and Patriot Building Systems, LLC. These companies offer commercial and multifamily construction services. The acquisition of New Hampshire-based Atlantic Prefab, Inc. helped UFP Construction LLC shorten its construction timelines as Atlantic Prefab Inc. offers prefabricated steel wall panels and light-gauge metal trusses.

Moreover, rising investments in residential construction in the U.S. are contributing to the growth of the market. Builders are prioritizing the construction of high-value homes in the country to enhance their profits and recover from the losses suffered due to the COVID-19 pandemic. A surge in modular construction activities is another focus area for the U.S. market vendors.

Application Insights

The metal buildings application segment held the largest volume share of over 70.0% in 2021. The segment is anticipated to expand at the highest revenue-based CAGR from 2022 to 2030. Metal buildings offer the benefit of quick replacement of old commercial buildings in a short time. They are energy-efficient, and the overall maintenance cost is low during the lifetime. In addition, durable and colorful panels can give an aesthetic and customized look to the structure.

The penetration of pre-painted steel coils is the highest in metal buildings. These coils are widely used in buildings for automotive, agricultural, aviation, and commercial applications. Increased demand for warehouses owing to the growth of the global e-commerce sector during the COVID-19 shutdowns led to the surged usage of pre-painted steel coils, especially for metal buildings.

Post-frame buildings constructed with a combination of wood and steel are in use due to the benefits of cost savings and quick construction. However, the clear span is lesser than that of metal buildings. Diligent planning is required to utilize the space wisely. Hence, post-frame buildings are used for garages, equipment storage, small-sized storage for automobiles, and mechanic shops.

Regional Insights

In 2021, Asia Pacific accounted for the largest volume share of over 40.0% and is expected to maintain its lead over the forecast period. China, Japan, and India are anticipated to be the high-growth countries over the forecast period. The rising penetration of metal over wood in Asian countries is propelling the need for pre-painted steel coils for the construction of warehouses, sheds, barns, and automotive, and aviation buildings in the region.

The emerging concept of pre-engineered steel buildings is further gaining popularity in Asia Pacific. It is one of the fastest-growing construction-related technologies in the region. Numerous multi-storied, mid-rise apartments using this concept are being constructed in South Asian countries. The technology is advanced, environmental-friendly, and sustainable, which is further benefitting its penetration, and thus positively influencing the demand for pre-painted steel coils in Asia Pacific.

Europe accounted for the second-largest share in 2021, in terms of both volume and revenue. The focus of the governments of different countries in the region on the construction sector to promote the economic growth in Europe post-pandemic, coupled with the rising need for electric vehicle (EV) infrastructure in the region, is anticipated to augment the demand for pre-painted steel coils used in metal- and post-frame buildings in the region over the forecast period.

Key Companies & Market Share Insights

The market for pre-painted steel coil is fragmented and characterized by strong competition owing to the presence of manufacturers from China serving major geographies across the globe. Increasing investment in R&D has led to constant product innovation. Technical innovations and improvements in the production process have resulted in the production of pre-painted steel coils with higher corrosion resistance and aesthetic appeal.

Players also have their own service centers with slitting, cut-to-length, and processing activities in order to offer customized solutions with a quick turnaround time. Manufacturers such as ArcelorMittal and POSCO have implemented Industry 4.0 and are relying on technology upgrades and a strict quality control system to reduce defects of finished products to curb cost and losses. This is anticipated to further improve their competitiveness in the market. Some prominent players in the global pre-painted steel coil market include:

• ArcelorMittal

• POSCO

• NLMK

• Nippon Steel Coated Sheet Corporation

• Alucosuper New Materials Co., Ltd.

• UNICOIL

• Shanghai Metal Corporation

• Dana Steel Industry LLC

Pre-painted Steel Coil Market Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global pre-painted steel coil market report on the basis of application and region:

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

  • Metal Buildings

    • Automotive Buildings

    • Agriculture Buildings

    • Aviation Buildings

    • Commercial Buildings

    • Residential Buildings

    • Others

  • Post-frame Buildings

    • Automotive Buildings

    • Agriculture Buildings

    • Aviation Buildings

    • Commercial Buildings

    • Residential Buildings

    • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • France

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa