Color Coated Steel Composite Market Trends, CAGR Status and Outlook 2017 to 2023
Steel composites are conventional metal-matrix composites in which steel is combined with other metals, ceramic materials, or polymers. Steel composites are more susceptible to corrosion, which could lead to high maintenance cost. Thus, color-coated composites are widely used due to their corrosion-resistance and superior strength & lightweight attributes. Thus, color-coated steel composites combine the strength of steel along with corrosion resistance and durability. Furthermore, these are resistant to fire, and provide cooling in summer while warmth in winter.
The global color-coated steel composites market is driven by high demand for corrosion-resistant and lightweight composites in the construction sector. However, relatively high cost of color-coated steel composites could hamper the market growth during the forecast period. Moreover, high demand for these composites in home applications is expected to present substantial growth opportunities in the near future.
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The global color coated steel composite market is segmented based on type, end-user, and geography. On the basis of type, it is divided into 0.3mm0.8mm, 0.8mm1.5mm, 1.5mm2mm, and above 2mm. On the basis of end-user, it is segmented into outside construction material, inside construction material, window, home applicants, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The comprehensive competitive analysis and profiles of the major market players, such as BlueScope, ArcelorMittal S.A., Nippon Steel & Sumitomo Metal Corp., ThyssenKrupp, United States Steel Corporation, Coated Metals Group, BaoSteel, Yieh Phui Enterprise, JFE Steel, and Benbow Steels are provided in the report.
Key Benefits
- The study provides an in-depth analysis of the global market along with the current trends and future estimations to elucidate the investment pockets.
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided in the report.
- The report provides a quantitative analysis to assist stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of various segments facilitates in understanding the trending products across the industry.
- The key market players and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
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