PPGI Sheets are sheets of pre-painted or pre-coated steel that show high sturdiness and confrontation against climate and UV rays from sunlight. As such, they are broadly used as tiling sheets for buildings and construction. Coated steel is extremely profitable market in coming 5 years. Coating on steel varies contingent on the application and customer demands. Steel coating enhances sustainability of steel by evolving its corrosion-resistant property. Coating also provides an aesthetic look.
According to NIIR PROJECT CONSULTANCY SERVICES (NPCS), the corrugated galvanized iron sheets are extensively used in various fields e.g. industrial sheds, dairy farm sheds, poultry farm sheds and warehouses etc. for roofing purpose.
Related Project: - Business Plan-GI Metal Sheet Products
Why to do a PPGI Sheets Business?
Colour steel coils are pollution-free and easy to mount. People are disbursing more and more attention for such a substantial that is valuable to mankind, its future is worth looking forward to and will bring us more suitability and benefits. In the future, our construction industry will last for a long time, and the colour steel coil industry will certainly get better and better. Building & construction is a wealthy industry with high call for steel sheets; henceforth the latent growth in footings of size and worth, for coated steel also lies majorly in this application sector. Besides, automotive is also one of the major applications of coated steel where majorly the electro galvanization and paint coating books for significant share in the market.
Market Panorama: -
PPGI has gradually infiltrated into people’s lives with their outstanding attractive decoration, and decent workability. Its market is broad and vibrant. In addition to this, coated steel holds other physiognomies such as tensile, ductile, elastic, and cost-effective.
According to a study by the Institution of Civil Engineers (ICE), the worldwide construction industry is probable to reach USD 8 trillion by 2030, mainly driven by India, China and the United States. Furthermore, the construction sector in the Middle East and Africa region is anticipated to grow at the fastest leap in the imminent years, as regional governments are capitalizing in the infrastructure projects. The construction industry in the region is projected to grow on an average rate of 7.5%.
Related Book: - Steel and Iron Handbook
Asia-Pacific Region to Dominate the Market: -
· Asia-Pacific region embodies the largest market and is also projected to be the fastest-growing market over the forecast period owing to the cumulative feasting from countries such as India, China and Japan.
· In India, the government has begun projects such as 100 smart cities and housing for all by 2022 which are expected to vastly drive the suburban construction market in India through the forecast period. The country has even practiced significant attention from foreign investors in its infrastructural sector.
· The companies in the region provide manufacturing and assembling services to companies in Germany, France, and the United States. Furthermore, these companies are quickly digitizing their commerce’s to achieve end-to-end integration of their process. This is further heartening the OEMs from Europe and North America to subcontract their production to Asia-Pacific.
Global Trend: -
The U.S. coated steel market size was assessed at USD 20.19 billion in 2017 and is estimated to witness a CAGR of 9.3% from 2017 to 2025. Galvanized segment accounted for a market share of 82.9% in terms of revenue in 2017.
In terms of revenue, pre-painted segment is likely to witness significant growth of 11.7% over the forecast period. According to data published by the United States Steel, the call for pre-painted steel reaches two million tons per year through the world.
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Conclusion: -
Niir Project Consultancy Services (NPCS) provides various project reports on different segments. Not only the present market scenarios but also future market overawe is also shared in the report. For the further requirement of business investment in projects like these, kindly contact Niir Project Consultancy Services (NPCS).
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