Coated Steel Market Trends

Coated Steel Market Trends

The market will further witness remarkable transformation driven by the increasing focus by leading companies on sustainability and recyclability. Environmental concerns and stringent regulations are pushing manufacturers to develop environmentally friendly coatings that do not emit volatile organic compounds (VOCs) and products with reduced visibility. Innovations in green technologies are leading to water-based and bio-based coatings, which significantly reduce the environmental footprint.
 

Companies are also placing more emphasis on reusable coated metals, recognizing its potential to align with circular economic principles. Coated steel not only reduces waste but also conserves natural resources, providing sustainable solutions for industries, such as construction, automotive and more. Key industry players are also investing in R&D activities to improve the performance of durable coatings, leading to market growth. To cite an instance, in November 2023, Dongkuk Coated Metal Company (Dongkuk CM), a subsidiary of cold rolling steel mill producer Dongkuk Steel Mill Company, announced that it successfully developed the world’s first technology to produce paint-coated steel sheets made from recycled plastic waste.