Pre-painted Galvanised Iron PPGI Market Analysis

Pre-painted galvanised iron (PPGI) Market Overview

The global pre-painted galvanised iron (PPGI) market was valued at USD 131,497.81 million in 2021 and is projected to reach USD 269,218.18 million by 2030 at a CAGR of 8.31%.

Pre-painted galvanized iron (PPGI) is a form of galvanized iron where the metal is dipped into hot melt zinc to coat the metal and form a barrier between the metal and the atmosphere to avoid corrosion. PPGI is known for its properties such as durability, heat resistant, low maintenance cost, easy to install and many more properties. The exceptional characteristics it possesses allow it to withstand extremely hot and cold conditions. It has a high rigidity and excellent impact strength. PPGI is used in construction industry for roofing and in automobile industry for spare parts.

The existence of sizable pre-painted galvanized iron industry in the region is likely to make the Asia-Pacific region the largest expanding market for pre-painted galvanized iron globally. The market for pre-painted galvanized iron is also anticipated to grow throughout the forecast period as a result of rising government investments in infrastructure development in developing nations like China and India. Because of the high demand for pre-painted galvanized iron for construction and electronical, Europe has been actively monitoring the Asia-Pacific market. The growing demand for the product from a variety of end use sectors, including building and construction, agriculture, and automotive, is what drives the North American market.

COVID-19 Impact on the Pre-painted galvanised iron (PPGI) Market:

The supply scenario faced few issues due to the restrictions on travel and the lockdown of cities; however, the source teams worked closely with the suppliers to manage the supply of raw materials during the pandemic. Companies closely monitor and manage the extent and duration of any local requirements impacting their physical locations. The restrictions on transportation have resulted in disruptions in the movement of finished products from the manufacturers to the consumers through the distributors. The key players operating in the market have strategized policies to maintain the product supply by working closely with the suppliers and standing by the regulations the respective regional governments put forth. 

Throughout the financial year 2020, the pandemic significantly disrupted the global economy, research activities, manufacturing, supply chain, and logistics. The viral spread outraged the demand from consumers as the non-necessity production ceased during the outspread. It also affected the availability of raw materials and the worldwide movement of goods and services. Additionally, significant supply chain commotions, material shortages, and logistics bottlenecks inflated the raw material prices. This further elevated the production costs resulting in demand for reconsideration of the pricing structure by the commercial customers. The limited availability of the workforce and curb in the full-scale production also affected the delivery timelines creating a communication gap in demand and supply of the products.

Market Dynamics

• Increasing demand for pre-painted galvanized iron (PPGI) in the building & construction industry: Pre-painted galvanized iron (PPGI) is a form of pre-painted galvanized iron where it is cleaned and coated with zinc by dipping it into hot melt zinc or the process of electroplating. This metal is drawn into products such as coils, corrugated sheets, galvanized strips, and many other products in the form of roofing materials, wall materials, and base metal products that are generally used for industrial and commercial construction projects. PPGI is widely used in the construction industry mainly for manufacturing roofing tiles & sheets, doors, walls, windows, etc., as it provides extensive properties such as corrosion resistance, durability, huge color variety, weather resistance, and aesthetics.

• Stringent government regulations on mining activities: Iron ore can produce metallic iron when heated in the presence of a reductant. It almost always consists of iron oxides, the primary forms of which are magnetite (Fe3O4) and hematite (Fe2O3). The primary iron used by the global iron and steel industries is extracted from iron ore. It is, therefore, essential for producing steel, as steel is an alloy of iron with low amounts of carbon, also maintain a strong industrial base.

• Availability of substitutes for PPGI: Different types of metal coating make the product more durable and enhance its properties than the pure metal. Coatings include anodizing, electroplating, powder coating, paint coating, and many more. Anodizing is a technique used to encourage the development of a protective oxide coating on a metal's surface. The resultant oxide layer often builds faster and is thicker than it would be if it were created organically. Although various non-ferrous metals may be anodized, aluminum responds most effectively to this process. Anodizing decreases or completely removes color inconsistencies while providing many gloss and color options. Compared to other treatments like PPGI, anodizing enables aluminum to keep its metallic look and make it unique.

Segmentation

By Coating Type

• Polyester


• Polyurethane


• Poly vinylidene fluoride (PVDF)


• Others

By Product Type

• Steel coil


• Strips and sheets


• Others

By End use

• Building and construction


• Automotive


• Agriculture


• Electronics & Electrical


• Others

By Region

• North America


• Europe


• Asia-Pacific


• Latin America


• Middle East & Africa

Regional Analysis

The global pre-painted galvanised iron (PPGI) market is studied across the five key regions, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The existence of sizable pre-painted galvanized iron industry in the region is likely to make the Asia-Pacific region the largest expanding market for pre-painted galvanized iron globally. The market for pre-painted galvanized iron is also anticipated to grow throughout the forecast period as a result of rising government investments in infrastructure development in developing nations like China and India. Because of the high demand for pre-painted galvanized iron for construction and electronical, Europe has been actively monitoring the Asia-Pacific market. The growing demand for the product from a variety of end use sectors, including building and construction, agriculture, and automotive, is what drives the North American market. The Latin America and Middle East & Africa regions are showing consistent growth during the forecast period. Finally, due to technological developments and the rising demand for automotive in these countries, it is anticipated that the markets in the Middle East and Africa and Latin America would experience considerable growth over the projection period.

The global pre-painted galvanized iron market has been studied for following regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these, Asia-Pacific dominated the market with a share of 50.5%, accounting for USD 68,349.79 Million in 2021; it is expected to register the highest CAGR of 9.10% % from 2022 to 2030. Europe was the second largest with a share of 20.4% by value in 2021, sized at USD 27,644.16 million; it is projected to exhibit a CAGR of 7.13%.

Competitive Landscape

Many regional and local vendors characterize the pre-painted galvanized iron market. The market is highly competitive, with all the players competing to gain maximum market share. The increasing pre-painted galvanized iron demand in automotive is boosting sales. The vendors compete based on cost, product quality, and the availability of the products according to the geographies. The vendors must provide cost-effective, high-quality pre-painted galvanized iron to compete in the market. The competitive scenario is fragmented between the tier-1, tier-2, and tier-3 companies, while tier-1 and tier-2 companies hold over 60% of the global market share.

The market players' growth depends on the market and economic conditions, government regulations, and industrial development. Thus, the players should focus on expanding the production capacity to meet the demand and enhance their services. ArcelorMittal, Baosteel Group, Hyundai Steel, JFE Steel Corporation, JSW Steel Limited, Marcegaglia Carbon Steel, NIPPON STEEL CORPORATION, POSCO, Tata Steel Limited, and United States Steel Corporation are the major companies in the market at the present that are competing in terms of quality, price, and availability. These players are primarily focusing on the development of pre-painted galvanized iron products. Although the international players dominate the market, regional and local players with small market shares also have a moderate presence. The international players with a global presence, with established manufacturing units or sales offices, have strengthened their presence across major regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Report Overview:

The Pre-painted galvanised iron (PPGI) market is segmented by Coating Type, product Type, End-use, and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Pre-painted galvanised iron (PPGI) emerging and fast-growing segments, regions, and countries.

Objectives of the Study

• To get a comprehensive overview of the global pre-painted galvanised iron (PPGI) market


• To get wide-ranging information about the key factors driving the market and market opportunities


• To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments


• To gain insights about the key country/region in which the market is growing

Intended Audience

• Industrial sector


• Automotive


• Building and Construction


• Agriculture