U.S. and Canada Prepainted Steel Roofing and Cladding Market Report Perspective with Key Players Study 2032

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NEWARK, DE /ACCESSWIRE/November 1, 2022/ The prepainted steel roofing and cladding market in the United States and Canada will reach a value of US$1.8 billion by 2022 and is expected to exceed US$2.7 billion at a CAGR of 4.6% by the end of 2032. The U.S. and Canadian Prepainted Steel Roofing and Cladding Market should reach a value of US$2,756.0 million by the end of the forecast period. Due to the variety of design and maintenance benefits it can provide over the life of a building, pre-painted steel has become one of the most popular building envelope solutions. in the world. Coil coated steel is a widely used building material for industrial and commercial projects, as well as public sector buildings and top aesthetic developments, and is frequently chosen for its color options and coating design options.

Color coated steel is another term for pre-painted steel. This steel is mainly used in the roofing and siding industries. Pre-painting is a one-of-a-kind process in which steel coils are cleaned, pre-treated, and then painted with inorganic or organic paints. Depending on the product, one or both sides can be primed and coated. This paint protects the steel from atmospheric corrosion while increasing its strength and durability.

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Steel roof panels have a significant advantage over other roofing materials in terms of longevity. Unlike asphalt shingles, which trap heat inside, prepainted steel roofing radiates it outside. Buildings with adequate insulation and ventilation stay warmer in winter and cooler in summer, reducing heating and cooling costs. Prepainted metal offers a wide range of aesthetic possibilities, especially when used for metal wall and roof panels in newly constructed or renovated buildings.

“Rising demand for roofing and cladding solutions, from end uses such as residential and non-residential sectors, is expected to propel the growth of the market.”

Key points to remember:

  • The U.S. and Canada market for prepainted steel roofing and siding is expected to experience a CAGR of the magnitude of 4.6% between 2022 and 2032.

  • The United States is expected to reach approximately US$2,462.1 million by the end of the year 2032.

  • By product type, pre-painted steel roofing is expected to remain one of the fastest growing segments and is further expected to grow at a 4.7% CAGR during the forecast period.

  • By application, the new construction segment is expected to remain a key segment for the consumption of pre-painted steel roofing and cladding and is expected to account for more than 85% of global consumption for the year 2022.

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Competitive landscape

The US and Canada pre-painted roofing and coatings market has many small-scale players as well as prominent key players. Key players are closely involved in development activities such as acquisition, product launches, and investments. Key players are closely involved in development activities such as acquisition, product launches, and investments.

According to IMF analysis, Arcelor Mittal, ATAS, Englert Inc., Tata BlueScope Steel, Western States Metal Roofing, Flexospan Steel Buildings, Inc., Shandong Linxu Materials Co., Ltd., National Cladding Wales, THOMAS PANELS & PROFILES, Scotia Metal Products, ExSteel, Coastal Metal Service, Duchesne, Agway Metals Inc., Westman Steel Industries and others are identified as the leading manufacturers in the prepainted steel roofing and siding market.

For instance

  • In 2020, Westman Steel acquired Scotia Metal Products Inc. to establish a production facility in Halifax, Newfoundland, and expand into Atlantic Canada.

  • In March 2017, Westman Group Inc. acquired a majority stake in Eagle Mountain Structural Insulated Panel Systems (new name: Artspan). Artspan is an industry leading manufacturer of structural insulated steel panel products.

  • In May 2020, Duchesne announced the introduction of three new steel profiles to its LCD steel cladding product line: LCD 6, LCD 8 and LCD 11. Additionally, Deep Gray 28314 was added to the offering. of Duchesne Steel colours. This color will be available in cladding and roofing.

More information about the Pre-Painted Steel Roofing and Cladding Market report

In its latest report, Future Market Insights offers an unbiased analysis of the United States and Canada Prepainted steel roof and cladding market, providing historic data from 2017 to 2021 and forecast statistics from 2022 to 2032. To understand the potential, growth, and scope of the market, the market is segmented on the basis of product type, resin chemistry, design, color, architectural style, application, end use and country.

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Contents

1. Summary

1.1. US and Canadian Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Key Market Trends

3.1. Key trends impacting the market

3.2. Product Innovation / Development Trends

4. Key success factors

4.1. Product Adoption / Usage Analysis

4.2. USP/Product Features

4.3. Strategic promotional strategies

TO continue TOC…

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Discover FMI’s extensive coverage in chemicals and materials:

Carbon Steel Market Size : Future Market Insights (IMF) has projected carbon steel demand to grow year-over-year by 2.7% in 2022 to reach a value of around $833,683.7 million. by the end of 2022. Global business is expected to grow at a growth rate of 5.1% over the forecast period of 2022 and 2030.

Recycled scrap market share : The value of the recycled scrap metal market is expected to exceed $61.45 billion by 2022. The demand for recycled scrap metal in the automotive, shipbuilding, building, construction and infrastructure sectors is expected to increase. It is expected that between 2022 and 2032

Organic Pigments Market Outlook :The global organic pigments market is expected to have a moderate pace CAGR of 4.5% during the forecast period. The current market valuation is US$5862 million in 2022. The organic pigments market market value is expected to reach a high of US$9824.9 million by 2032.

Stainless Steel Market Overview :The global stainless steel market is expected to have a moderate CAGR of 5.5% during the forecast period. The current market valuation is US$119.80 billion in 2022. The market value of the stainless steel market is expected to peak at US$183.86 million by 2032.

Key trends in the medium carbon steel market :Medium carbon steel which contains 0.3% to 0.65% carbon finds critical applications in a number of end-use industries including the railroad, construction, oil and gas industries. automotive, due to its properties of ductility, density and improved heat treatability.

roofing materials market demand :In 2018, the global roofing materials market accounted for revenue worth US$115 billion, and it is expected to register a CAGR of 4% during the forecast period (2019-2029).

Roofing Shingles Market Forecast :Roofing shingles are used to cover roof structures made up of individual components which therefore overlap with each other. Roofing shingles are usually supplied in flat rectangular shapes which are placed on the roof securing the component joints while moving from the bottom edge to the top of the roof.

Asia-Pacific Sealing Chemicals Market Analysis :The waterproofing market in the Asia-Pacific region is expected to reach a value of US$11,568.5 million in 2032. The need for value-added waterproofing chemicals has increased owing to the expansion of the building and construction in the region.

Automotive Soundproofing Materials Market Trend:Sound emission from a vehicle engine as well as sound from other sources when mixed together is difficult to block or absorb. Thus, automotive soundproofing materials derived by manufacturers are an ideal solution, they act as an acoustic barrier or an absorber in vehicles for soundproofing.

Electrical Steel Market Study: The electrical steel market is expected to grow 5.3% year-on-year in 2022, with a total value of US$37.5 billion. According to a Future Market Insights (IMF) report, electrical steel sales will grow at a CAGR of 6.5% between 2022 and 2032.

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