Coated Steel Market
Global Coated Steel Market: Overview
Coated steel is widely used in various industries including automotive, appliances, building & construction, and others. Of which, the building & construction industry makes use of coated steel in high amounts and has the highest demand for coated steel as compared to others.
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Global Coated Steel Market: Growth Factors
Coated steel is witnessing high demand from end-use industries, mainly building and construction industry. This high demand is anticipated to boost the global market in the near future. In addition, polyester resin— a type of coated steel— is highly preferred in the industries owing to its property of strongly getting repressed by oxygen, which leaves the surface of the steel coated with polyester sticky and soft. Owing to all these properties, the polyester resin is witnessing high demand, which in turn boosts the global coated steel market. Furthermore, high demand from end-use industries is also propelling the global coated steel market. Moreover, growing potential of people to spend on up gradation of roofing, kitchens, and on basic household improvements in which steel-coated products are used is further fostering the global market growth.