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The global coated steel market is set for sustained expansion, supported by strong demand from construction, automotive and appliance sectors, according to a new study by DataM Intelligence. The report estimates that the market was valued at US$80.50 billion in 2023 and is projected to reach US$125.30 billion by 2030, registering a 6.5% CAGR between 2024 and 2030.
Key growth drivers include rapid urbanisation, large-scale infrastructure spending, and the increasing use of corrosion-resistant, coated steels in buildings, roofing, cladding and vehicle bodies. The push for sustainability is also boosting demand, as coated steel offers durability, recyclability and lower lifecycle maintenance costs. Technological advances in hot-dip galvanising, organic coatings and high-strength grades are further improving performance in harsh environments.
Regionally, Asia-Pacific accounts for around half of global revenues, led by China, India and Japan, while North America is highlighted as the fastest-growing market on the back of EV manufacturing and energy-efficient construction. Competition is intense, with leading players such as ArcelorMittal, Baosteel, Nippon Steel, U.S. Steel, Tata Steel and POSCO focusing on innovative metallic and organic coated products, circular-economy recycling and partnerships with OEMs.
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