Product Code: ETC357272 | Publication Date: Jul 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Pre-painted metal is a kind of metal substrate that has been coated with paint before being put into use. It refers to the product obtained by coating one or more layers of organic coatings on the surface of cold rolled steel (CR), galvanized steel (GI), and other metals. The pre-painted metal market is growing rapidly, driven by its superior properties such as high durability, corrosion resistance, heat insulation, formability, and cost efficiency compared to traditional painting processes.
The major factors driving the growth of the pre-painted metal market are increasing investments in infrastructure projects across developing countries such as Bangladesh and India; rising demand in the consumer electronics industry for manufacturing products like laptops & tablets; a growing trend towards eco-friendly production methods due to strict regulations imposed by governments; increasing awareness about energy conservation through thermal insulation materials offered by pre-painted sheets etc. Additionally, there is an increase in sales of automobiles due to low fuel prices coupled with increased disposable incomes among consumers worldwide resulting in further growth opportunities for the global pre-painted metal market over future years.
However there are some challenges faced while using these types of materials, especially in terms of sustainability issues related to disposal after usage along with higher initial costs associated with it when compared to conventional painting techniques which limits its adoption rate, particularly among SMEs who comprise a large share within this segment. In addition volatile raw material prices pose barriers for manufacturers operating under tight budgets making them unable to compete effectively against their competitors from abroad hence hindering overall market progress significantly at times
Some key players operating within this industry include AkzoNobel N V., PPG Industries Inc., KCC Corporation, ArcelorMittal S A., UACJ Corporation, JSW Steel Ltd., Tata BlueScope Steel Ltd., Nippon Paint Holdings Co Ltd, BASF SE, Beckers Group AB. These companies keep innovating their products and services to differentiate themselves from their competitors thereby providing customers with better solutions meeting all their needs efficiently thus enabling them to gain a competitive edge amongst others present currently within this industry sector globally.
The COVID pandemic has affected many industries directly or indirectly including pre-painted sheet suppliers, distributors & retailers who have seen decreased orders or canceled shipments leading several firms towards financial losses severely affecting value chain operations and adversely upsetting entire supply chains across different sectors consequently impacting global economy negatively forcing manufacturers to scale down production capacities drastically.