NEWARK, DE / ACCESSWIRE / November 1, 2022 / U.S. and Canada Pre-Painted Steel Roofing and Cladding Market to reach a value of US$ 1.8 Bn by 2022 and estimated to cross US$ 2.7 Bn at a CAGR of 4.6% by 2032 end. The U.S. and Canada market for pre-painted steel roofing & cladding is anticipated to reach a value of US$ 2,756.0 Mn by the end of the forecast period. Due to the variety of design benefits and maintenance benefits, it can provide over the course of a building's lifespan, pre-painted steel has grown to be one of the most popular building envelope solutions globally. Pre-painted steel is a widely used building material for industrial and commercial projects, as well as public sector buildings and better aesthetic developments, and is frequently chosen for its color options and cladding design options.
Color-coated steel is another term for pre-painted steel. This steel is primarily used in the roofing and cladding 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 also increasing its strength and durability.
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Steel roof panels have a significant advantage over other roofing materials in terms of longevity. In contrast to asphalt shingles, which trap heat inside, pre-painted steel roofing radiates it outside. Buildings with adequate insulation and ventilation remain warmer in the winter and cooler in the summer, reducing heating and cooling costs. Pre-painted metal has a wide range of aesthetic possibilities, especially when used for metal wall and roof panels in newly constructed or remodeled buildings.
"Growing demand for roofing & cladding solutions, from the end uses such as residential & non-residential sectors is expected to propel the market growth."
The U.S. and Canada market for pre-painted steel roofing & cladding is projected to witness a CAGR of the magnitude of 4.6% between 2022 and 2032.
The United States is expected to reach about US$ 2,462.1 Mn by 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 estimated to expand at a CAGR of 4.7% during the forecast period.
By application, the new construction segment is anticipated to remain a key segment for the consumption of pre-painted steel roofing & cladding and is estimated to account for more than 85% of the overall consumption for the year 2022.
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The U.S. and Canada Pre-Painted Roofing & Cladding Market have a presence of numerous small-scale players along with some prominent key players. Key Players are closely involved in developmental activities such as acquisition, product launches & investments. Key Players are closely involved in developmental activities such as acquisition, product launches & 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.
In 2020, Westman Steel acquired Scotia Metal Products Inc. to establish a production plant 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 siding product line: LCD 6, LCD 8, and LCD 11. Also, Deep Grey 28314 was added to the Duchesne Steel color offer. This color will be available in both siding and roofing.
More Insights into the Pre-Painted Steel Roofing & Cladding Market Report
In its latest report, Future Market Insights offers an unbiased analysis of the U.S. and Canada Pre-Painted Steel Roofing & Cladding market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the market potential, growth, and scope, the market is segmented based on product type, resin chemistry, design, color, architure style, application, end use, and country.
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1.1. U.S. and Canada Market Outlook
3.1. Key Trends Impacting the Market
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Explore FMI's Extensive Coverage on Chemicals & Materials Domain:
Carbon Steel Market size : Future Market Insights (FMI) has anticipated the demand of carbon steel to witness a year over year growth of 2.7% in 2022 reaching a value of about US$ 833,683.7 Mn by the end of 2022. The global business is projected to witness a growth rate of 5.1% over the forecast period of 2022 and 2030.
Recycled Scrap Metal Market share : The value of the recycled scrap metal market is to exceed US$ 61.45 Bn by 2022. Demand for recycled scrap metal in the automotive, shipbuilding, building, construction and infrastructure sectors is expected to expand. It is projected that between 2022 and 2032
Organic Pigments Market outlook :The global organic pigments market is projected to have a moderate-paced CAGR of 4.5% during the forecast period. The current valuation of the market is US$ 5862 Million in 2022. The market value of the organic pigments market is anticipated to reach a high of US$ 9824.9 Million by the year 2032.
Stainless Steel Market overview :The global stainless steel market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the market is US$ 119.80 billion in 2022. The market value of the stainless steel market is anticipated to reach a high of US$ 183.86 million by the year 2032.
Medium Carbon Steel Market keytrends :Medium carbon steel which contains 0.3% to 0.65% of carbon is finding essential applications in a number of end use industries including railway, construction, oil, and automotive industries owing to its properties of enhanced ductility, density, and heat treatment capabilities.
Roofing Materials Market demand :In 2018, the global roofing materials market accounted for revenues worth US$ 115 Bn, and it is expected to record a CAGR of 4% during the forecast period (2019-2029).
Roofing Shingles Market Forecast :Roofing Shingles are used for covering roof structures that consist of individual components that are consequently overlapped with each other. The Roofing Shingle are generally supplied in the flat rectangular shapes that are placed over the roof by fixing joints of the components while moving from bottom edge to top of the roof.
Asia Pacific Waterproofing Chemicals Market analysis :The market of waterproofing in the Asia Pacific region is projected to reach a valuation of US$ 11,568.5 Mn in 2032. Need for value-enriched waterproofing chemicals has grown as a result of the expanding building and construction sector in the region.
Automotive Sound Proofing Material Market Trend:The sound emission from a vehicle engine as well as the sound from other sources when mixed is difficult to block or absorb. Thus, automotive sound proofing material derived by the manufacturers are an ideal solution, they act as a sound barrier or absorber in vehicles for soundproofing.
Electrical Steel Market Research: The electrical steel market is predicted to expand 5.3% year on year in 2022, with a total worth of US$ 37.5 Billion. According to a Future Market Insights (FMI) report, electrical steel sales will grow at a 6.5% CAGR between 2022 and 2032.
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