The market for pre-painted steel roofing and siding in the US and Canada is projected to reach $1.8 billion by 2022 and is estimated to exceed $2.7 billion by the end of 2032 at a CAGR of 4.6%. The pre-painted steel roofing and cladding market in the United States and Canada is expected to reach US$2,756.0 million by the end of the forecast period. Prepainted steel has become one of the most popular building envelope solutions worldwide due to the multitude of design and maintenance benefits it can provide over the life of a building. Pre-painted steel is a widely used construction material for industrial, commercial and public sector buildings and better aesthetic developments, and is often chosen for its color options and cladding design possibilities.
Color coated steel is another term for pre-painted steel. This steel is mainly used in the roofing and facade industry. Pre-painting is a unique process in which steel strips 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 color protects the steel from atmospheric corrosion while increasing its strength and durability.
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Steel roofing panels have a significant advantage over other roofing materials in terms of durability. Unlike asphalt shingles, which store heat inside, pre-painted steel roofs radiate it outward. Buildings with proper insulation and ventilation stay warmer in the winter and cooler in the summer, reducing heating and cooling costs. Pre-painted metal offers a wide range of aesthetic possibilities, particularly when used for metal wall and roof panels in new build or remodeled buildings.
“Increasing demand for roofing and cladding solutions from end-use applications such as residential and non-residential is expected to drive market growth.”
The central theses:
- The market for pre-painted steel roofing and cladding in the US and Canada is expected to register a CAGR in the order of 4.6% between 2022 and 2032.
- The United States is projected to reach approximately $2,462.1 million by the end of 2032.
- By product type, pre-painted steel roofing is expected to remain one of the fastest growing segments, continuing to grow at a CAGR of 4.7% over the forecast period.
- According to the application, the new construction segment is expected to remain a key segment for the consumption of pre-painted steel roofing and cladding and is estimated to account for more than 85% of total consumption in 2022.
competitive landscape
The US & Canada prepainted roofing and siding market has numerous small players along with some prominent key players. Key players are closely involved in development activities such as acquisitions, product launches and investments. Key players are closely involved in development activities such as acquisitions, product launches and investments.
According to FMI 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 key manufacturers in the pre-painted steel roofing and cladding market.
For example
- In 2020, Westman Steel acquired Scotia Metal Products Inc. to establish a manufacturing facility in Halifax, Newfoundland and expand into Atlantic Canada.
- In March 2017, Westman Group Inc. acquired a controlling interest in Eagle Mountain Structural Insulated Panel Systems (new name: Artspan). Artspan is an industry leading manufacturer of structurally insulated steel panel products.
- In May 2020, Duchesne announced the launch of three new steel profiles in its LCD steel cladding product line: LCD 6, LCD 8 and LCD 11. Also, Duchesne Steel’s color offering has been expanded to include Deep Gray 28314. This color will be available for both cladding and roofing.
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Learn more about the Prepainted Steel Roofing and Cladding market report
In its latest report, Future Market Insights provides an unbiased analysis of the Prepainted Steel Roofing & Cladding market in US & Canada, with historical data from 2017-2021 and forecast statistics for the period 2022-2032. To understand the market potential, growth and scope The market is segmented based on product type, resin chemistry, design, color, architectural style, application, end use and country.
Table of contents
1. Summary
1.1. Market Outlook USA & Canada
1.2. Trends on the demand side
1.3. Trends on the supply side
1.4. Technological road map
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Restrictions
3. Major Market Trends
3.1. Key trends affecting the market
3.2. Product innovation / development trends
4. Key Factors for Success
4.1. Product acceptance / usage analysis
4.2. Product USPs / Features
4.3. Strategic advertising strategies
Next table of contents…!
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https://www.fmiblog.com/2023/05/09/sales-of-usa-canada-pre-painted-steel-roofing-and-cladding-market-valuation-to-reach-of-us-2756-0-million-by-2032/
