According to the research report titled ‘Coated Steel Market Size, Share and Industry Analysis Report by Type (Metallic Coated Steel [Hot-dip Galvanized (HDG), Electrogalvanized (EG)], Organic Coated Steel, Tinplate) and Application (Building & Construction, Appliances, Automotive), Regional Outlook, Application Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global coated steel market is anticipated to showcase lucrative growth trends between 2021 and 2027.
 

Increasing construction and infrastructure development activities is a major factor driving global coated steel market growth. Advancements in the galvanizing technology to improve protection from rusting due to corrosion is further propelling the industry dynamics. Prominent players are focusing on product development and innovation, which is in turn favoring the industry outlook.
 

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For the record, steel is a highly versatile material that has applications in a variety of products and industries. Steel's ability to be coated with various treatments is one feature that adds to its durability and versatility. Moreover, steel surfaces are coated for numerous reasons, including greater wear and tear resistance, corrosion and element protection, and enhanced visual appeal.
 

Based on type, global coated steel industry space is segmented into organic coated steel, metallic coated steel, and tinplate. The metallic coated steel segment is further categorized into electrogalvanized (EG), hot dip galvanized (HDG), and others (galfan, galvalume & aluminized). As cited in the report, the others metallic coated steel type segment is expected to garner notable returns, expanding at 3.8% CAGR over the projected timeframe.

Considering the application range, the marketplace is divided into building & construction, automotive, appliances, and others. Experts cite that global coated steel market share from the others application segment is anticipated to showcase a CAGR of over 3.3% over the estimated timeline.
 

On the geographical front, the industry is categorized into North America, Asia Pacific, Latin America, Middle East & Africa, and Europe. Experts cite that Latin America coated steel industry size is anticipated to expand at 4.2% CAGR over the study duration.
 

Major players profiled in worldwide coated steel industry space are Severstal PJSC, SSAB AB, Baosteel Group Corporation, Novolipetsk Steel PJSC, Nippon Steel Corporation, JFE Steel Corporation, Voestalpine AG, POSCO, Essar Steel Ltd., ArcelorMittal S.A., Tata Steel Limited, Nucor Corporation, Kobe Steel Ltd., China Steel Corporation, and JSW Steel Ltd.