Frequently Asked Questions
The global pre-painted galvanized iron (PPGI) market was valued at USD 150.4 Billion in 2022.
The pre-painted galvanized iron (PPGI) market is anticipated to grow at a CAGR of 8.5% between 2023 and 2030, reaching USD 266.22 Billion in 2030.
Polyester is the leading segment by coating type, holding over 32% share in terms of value in 2022.
The strips & sheets segment governs the demand for pre-painted galvanized iron (PPGI) worldwide, holding a massive share of over 68% in 2022.
The building & construction segment will post the highest CAGR during the forecast period.
Asia Pacific is fueling the rapid growth of the pre-painted galvanized iron (PPGI) industry, with an over one-third share in 2022.
Tata Steel Limited, United States Steel Corporation, Hyundai Steel, and ArcelorMittal are the top global market players. Other major players include Baosteel Group, JSW Steel Limited, Nippon Steel Corporation, JFE Steel Corporation, and POSCO.
The increasing demand for corrosion-resistant and durable materials in the construction & automotive sectors and the growing emphasis on energy-efficient and sustainable solutions are the primary market drivers of the pre-painted galvanized iron (PPGI) industry.
The fluctuating raw material prices, regulatory challenges related to environmental sustainability and emissions control, and the impact of economic downturns on the construction and automotive sectors, which are key end-users of PPGI products, are the major market restraints of the pre-painted galvanized iron (PPGI) industry.
The key market opportunities for the pre-painted galvanized iron (PPGI) industry include the increasing demand for sustainable construction materials, new technological developments in coating technologies, and the growth of the automotive sector.