In this blog, we have discussed color plays a vital role in daily life. So it is important to give more focus on Paints we use in the home for furniture. To read more about How to Make Your Home Creative with Painted Furniture. Click here.
Mar 12, 2020: The global Pre Painted Metal market size is expected to reach USD 27.9 billion by 2025, expanding at a CAGR of 11.2%, according to a new report by Radiant Insights, Inc. Growth in the commercial construction sector is likely to propel the product demand as it is used in facades, cladding system, and roofing structures.Pre-painted metal products such as sheets, plates, and coils are largely used in the commercial construction industry.
The product offers superior properties such as corrosion, wear, UV resistance, no environmental pollution, and durability, which resulted in the greater penetration of pre-painted products for aforementioned building applications.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/pre-painted-metal-market/request-sampleSimilarly, the product is used in manufacturing various automotive components such as oil filter caps, wiper blade assemblies, and body-in-white of cars.
North America is the fastest growing segment in terms of volume owing to growth in construction and automotive sectors, especially in U.S.
Also, increasing production of motor and electric vehicles is anticipated to drive the market over the coming years.The pre-painted metal market is fragmented in nature with the presence of established and local players such as ArcelorMittal, Tata BlueScope Steel, SSAB, Nippon Steel Corporation, American Douglas Metals, Inc., NLMK, Voestalpine AG, MMK, and Shandong Kerui Steel Plate Co., Ltd.
Rapid urbanization and growing population are likely to promote the growth of residential and commercial sectorsTransportation is the one of the fast growing segments with a CAGR of 11.7% in terms of revenue over the coming years.
Business Environment Analysis: Pre-Painted Metal Market3.6.1.
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