U.S. Coated Steel Market Growth & Trends
The U.S. coated steel market size is expected to reach USD 36.71 billion by 2030, expanding at a CAGR of 3.9% from 2025 to 2030. Increasing demand for lightweight automotive parts coupled with a rising trend toward the aesthetic appearance of steel products is anticipated to drive market growth across the projected period.Steel is coated with various materials such as zinc and tin to prevent it from corrosion and increase its life cycle. Coated steel is vastly used in applications where food safety, aesthetic appearance, and corrosion resistance are of vital significance. The product thus finds applications in construction, automotive, appliances, packaging, furniture, and many other industries.
Based on product, the market is segmented into galvanized, pre-painted, and others. Galvanized constituted the largest share in 2024 and is expected to maintain its dominance over the forecast period. The product owing to its characteristics is widely used for doors and windows. Benefits of steel profiles with galvanized coating are high structural characteristics, high strength, low coefficient of expansion, and modern as well as traditional designs.
Moreover, the growing significance of metal roofing in U.S. houses in extreme climates has propelled the demand for galvanized steel as it offers better and long-lasting performance. The benefits of installing a metal roof are easy installation, fire resistance, lightweight, and low heat conduction. These benefits are propelling demand for a metal roof in the U.S. and thus, are anticipated to positively influence galvanized steel consumption over the forecast period.
Growing demand product demand in the U.S. is attracting international players to set up new plants in the country. For instance, as of September 2021, Australia-based BlueScope is eyeing to construct a new steel painting and coating facility in the eastern U.S. to pursue downstream opportunities. Other players such as Nucor and Steel Dynamics Inc. are also planning to expand their production capacities.
U.S. Coated Steel Market Report Highlights
- Based on product, galvanized held the largest revenue share of over 82.3% in 2024. The share is mainly attributable to galvanized steel’s ability to avert erosion, easy maintenance, and self-healing characteristics
- Based on application, building and construction dominated the market with a revenue share of over 45.2% in 2024. The growing construction activities in the U.S. and large-scale infrastructure projects are propelling product demand
- Based on region, Northeast U.S. is anticipated to register a CAGR of 4.9%, in terms of revenue, over the forecast period, on account of increasing construction of private homes in the region
- Increasing product demand as a lightweight material in industries including automotive and aerospace is propelling its production, thus, eventually benefitting market growth
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
This product will be delivered within 1-3 business days.
Table of Contents
Companies Mentioned
- JSW Steel
- United States Steel
- Nippon Steel & Sumitomo Metal Corporation
- SSAB
- ArcelorMittal
- Salzgitter AG
- NLMK
- Steel Dynamics, Inc
- VOESTALPINE
- California Steel Industries
- Metals USA
- MST Steel Inc.
- POSCO
- SeAH Group
- The Thompson Companies
- AK Steel Corporation
- Commercial Metals Company
- EVRAZ plc.
- GERDAU S.A.
- JFE Steel Corporation.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 70 |
Published | December 2024 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 31.71 billion |
Forecasted Market Value ( USD | $ 39.71 billion |
Compound Annual Growth Rate | 3.9% |
Regions Covered | United States |
No. of Companies Mentioned | 20 |