Global Pre-painted Steel Coil Market: Trends, Growth Drivers, and Forecast Analysis 2023-2030
The global pre-painted steel coil market is expected to reach USD 23.12 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.0% over the forecast period. The market is projected to be driven by its rising penetration in the commercial segment, along with growing investments in the development of residential buildings in the region. The surge in modular construction activities is also expected to positively influence the demand for global pre-painted steel coils over the forecast period. Pre-painted steel coil has gained significance because of its lifespan of 60 years and more, owing to excellent corrosion resistance as a result of dual-layer protection. Another important aspect of pre-painted steel is its reflective property, which reduces heat absorption in buildings. The steel sheet acts as a barrier, which prevents heat transfer between the exterior and interior of the building. The global market is projected to ...