Pre-painted Steel Coil Market Size, Share & Trends Analysis Report By Application (Metal Buildings, Post-Frame Buildings), By Product (Automotive Buildings, Agriculture Buildings, Aviation Buildings), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global pre-painted steel coil market was valued at USD 12.45 billion in 2022 and is estimated to grow at a compounded annual growth rate (CAGR) of 8.0% from 2023 to 2030. The surge in warehousing activities across the world is providing impetus to the construction of metal buildings. This, in turn, is anticipated to drive the growth of the market for pre-painted steel coils over the forecast period. In addition, the high demand from commercial buildings, industrial facilities, and warehouses, along with a surge in e-commerce and retail activities worldwide, is also contributing to the growth of the metal building industry and is expected to drive market growth over the next seven years.

The U.S. is a significant consumer of pre-painted steel coils worldwide, owing to its rising demand and consumption by the commercial and automotive industries. In addition, investments in construction, infrastructure development, and automotive production are expected to contribute to the pre-painted steel coil market growth over the forecast period.

The growth of the construction industry in the U.S. is a key factor contributing to the demand for pre-painted steel coils in the country. According to the U.S. Census Bureau, the total construction spending (residential and non-residential) in the country grew by 3.5% in June 2023 on a y-o-y basis.

Metal buildings is one of the largest applications of the market. The use of metal building systems has been a standard in commercial and industrial construction projects for a long time. These systems are used for developing warehouses, distribution centers, and industrial facilities. Ongoing industrialization across the world has given rise to the demand for industrial storage spaces and warehouses as the number of e-commerce and distribution stores has risen in the retail market.

The global construction industry is increasingly moving towards digital technologies. The adoption of Industry 4.0 is expected to improve efficiency and productivity in the construction industry around the world, which is projected to generate a revolutionary change in building activities. The implementation of Construction 4.0, an adoption of Industry 4.0, is anticipated to result in enhanced and fast construction activities.

The growth of the market was impacted due to the Russia-Ukraine war. The conflict largely affected various end-use industries, especially in the European region. The invasion of Ukraine by Russia affected the steel supply chain, which negatively influenced pre-painted steel coil production and demand.

Application Insights

Based on application, metal buildings accounted for a revenue share of over 76.0% in 2022, and this trend is anticipated to continue over the forecast period. The segment growth can be attributed to the cost-effective, customizable, and environment-friendly characteristics.

Furthermore, e-commerce companies are looking to scale up their operations amid the increase in online shopping activities by consumers. The warehousing demand continued its momentum till 2023, with a strong performance from developing countries such as India and Brazil. This, in turn, is driving the demand 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 less than that of metal buildings. Diligent planning is required to utilize the space wisely. The usage of clear span trusses and open floor plans are being incorporated into post-frame construction by the usage of laminated columns instead of wood studs, steel framing, or concrete. This enables less construction time and quality buildings.

These are not preferred over metal frame buildings due to the latter’s advantages such as termite and pest resistance. Also, they have high maintenance. Budget is a prerequisite for choosing between post-frame and traditional construction. However, hybrid buildings - a combination of wood, traditional material, and metal - are growing popular due to their cost-effectiveness and applications.

Product Insights

Based on product, commercial buildings accounted for the largest revenue share of over 43.0% in 2022, of the global market. Metals buildings are largely used for commercial purposes as they offer the liberty of customizing the size of the building, colors, accessories, and roof. In terms of post-frame, the replacement of wood with laminated columns is preferred in commercial buildings, as it helps reduce maintenance.

Agriculture buildings is one of the fastest-growing product segments. A dry and non-toxic environment is important for housing livestock, food grains, hay, and equipment. These features are available in metal buildings, which has been boosting their popularity in the agricultural industry in the last few years. They allow for durable farm buildings, and though the cost is higher compared to traditional building materials, they are far sturdier and can withstand harsh conditions. They are extremely weather-proof and hence, are becoming the preferred choice for agricultural buildings.

Regional Insights

Asia Pacific dominated and accounted for over 40.0% revenue share of the global market in 2022. The high share is attributable to the surging foreign investments and increasing manufacturing activities in the region. The flourishing end-use industries such as automotive, electronics, machinery & equipment, and building & construction in the region are also anticipated to contribute to the increased consumption of pre-painted steel coil in Asia Pacific from 2023 to 2030.

Furthermore, according to UNCTAD’s World Investment Report 2023, the FDI inflows in Asia remained at USD 662 billion in 2022, which accounted for almost 50% of the global inflows. The inflow concentration was mainly in five countries, which are, China, Singapore, Hong Kong, India, and the UAE. An increase in FDIs in the Asia Pacific has led to the enhanced development of different industries resulting in a rise in demand for pre-painted steel coils used in these industries in the region.

The Latin America market is anticipated to grow over the forecast period owing to rising investments by automobile manufacturers and increasing construction activities in the region. For instance, in 2022, the Ministry of Housing, Construction, and Sanitation of Peru outlined its plan to construct approximately 32,000 bioclimatic residences from 2022 to 2024. Similarly, in October 2021, the Chilean government introduced a budget for 2022, which allocated nearly CLP 202 billion (~USD 250 million) for infrastructural development, such as airports, ports, public buildings, roads, and highways, in Los Rios.

Key Companies & Market Share Insights

The key market players engage in mergers & acquisitions, capacity expansions, and aggressive R&D activities to stay ahead of their competitors. For instance, in December 2021,Ternium USA announced that it would add a second coil-coating paint line at its Shreveport, Louisiana facility. This will increase the company’s production capacity by 53%, with the coating paint line having an annual capacity of 120,000 tons per year. Construction will commence in the first quarter of 2022 with an investment of USD 98 million. Commercial operations are expected to begin by mid-2024. Some prominent players in the global pre-painted steel coil market include:

• ArcelorMittal

• Alucosuper New Materials Co., Ltd

• Batie Metal Products (Shandong) Co., Ltd.

• COSASTEEL

• Dana Steel Industry LLC

• Nippon Steel Coated Sheet Corporation

• NLMK

• POSCO

• UNICOIL

• Shanghai Metal Corporation

• Tata BlueScope Steel

Pre-painted Steel Coil Market Report Scope

Global Pre-painted Steel Coil Market Report Segmentation

This report forecasts revenue and volume growth at country & regional levels and analyzes the industry trends in each sub-segment from 2018 to 2030. For this study, Grand View Research has segmented the global pre-painted steel coil market report based on application, product, and region:

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Metal Buildings, By Product

    • Automotive Buildings

    • Agriculture Buildings

    • Aviation Buildings

    • Commercial Buildings

    • Residential Buildings

    • Others

  • Post-Frame Buildings, By Product

    • Automotive Buildings

    • Agriculture Buildings

    • Aviation Buildings

    • Commercial Buildings

    • Residential Buildings

    • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • France

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa