Europe Enameling Steel Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Europe Enameling Steel Market: Overview

The Europe Enameling Steel Market was valued at $42.4 billion in 2021 & is projected to reach $84.9 billion by 2028. It is expected to grow at an 8.3% CAGR between 2021 and 2028.

Request Covid - 19 Impact

Enameled steel is a material with exceptional properties and has several applications, making it an excellent material compared to other metal products.

This material is also used to manufacture cookware and saucepans and several other cooking utensils. In addition, the use of enameled steel is also increasing for bathtubs to provide colors and a matte or glossy finish.

Europe Enameling Steel Market Revenue Outlook:

Nevertheless, various industry players in the European enamel steel market are increasingly focusing on establishing successful cooperation, acquisition, and joint venture activities to strengthen their respective customer bases.

In doing so, these participants are also improving their supply capabilities to meet customer needs locally and globally.

This factor, coupled with the industrialization prospects of developing economies in the European region, is expected to create many business opportunities for major players over the forecast period.

What factors are Driving Demand for Enameling Steel?

Increasing investments in construction and architecture, including airports, commercial buildings, and other public facilities, coupled with the rising adoption of enameled steel for interior and exterior applications, are expected to increase the revenue growth for this target market.

Moreover, increasing disposable income in countries in the region is resulting in rising affordability amongst the consumers and industries.

Since these materials are slightly priced higher than conventional materials, additional disposable income is expected to favor the growth of the European enameling steel market in the coming years.

Opportunities for manufacturers of the Enameling Steel Market

Major players increasing R&D activities and investments focusing on developing novel processes of enameling steel at cost-effective prices with lesser harmful emissions are expected to gain significant traction in the coming years.

Major giants including ArcelorMittal, Tata, and ThyssenKrupp have been involved in new process technologies for years, which is likely to benefit the market in the coming years.

This factor is expected to create several revenue growth opportunities for manufacturers operating in this target market.

COVID–19 Impact:

Apart from the impacts on human life, this pandemic has inflicted an invariable blow on industries worldwide.

This novel virus has caused unprecedented damage to international trade and the global economy as a whole. As this deadly virus continues to wreak havoc, it has left several industries and economies in a stage of uncertainty and market volatility in its wake.

It has also put a strain on investments and scheduled plans across various sectors. At the nexus of this pandemic, China’s impaired manufacturing and production operations have adversely affected global supply chains as a whole, leaving them in absolute disarray.

These respective imposed shutdowns/lockdowns meant to slow the trajectory of this virus have resulted in the crashing of economic outputs, further causing financial market panic and curtailing general travel, leisure, and social living than most severe wars have.

During the first half of 2020, a sharp decline in economic activities caused the global economy to shrink by 3%, only to partially recover in the second half of that year.

With the abatement of the second wave and increased vaccination initiatives, there are visible signs of improvement across various sectors based in numerous countries.

Europe Enameling Steel Market Dynamics

The Europe Enameling Steel Market is segregated based on the enameling method, standard type, application, and region.

The conventional Enameling segment is estimated to be the most lucrative segment in the Europe Enameling Steel market with an attractiveness index of 4.2 and is expected to grow by a CAGR of XX%.

In 2019, the EK standard type segment is valued at US$ 3,067.0 Mn, and the market share was 57.7%, and it is expected to be US$ 5,664.6 Mn and 59.5% in 2029.

Among the application segment, the architecture segment is projected to be valued at US$ XX Mn, with a revenue share of XX% in 2030, and register a CAGR of 6.7% from 2021 to 2030.

The European Enameling Steel market is segmented into Germany, the UK, France, Italy, Russia, Spain, Rest of Europe.

The market in Germany is estimated to contribute 17.1% revenue share in 2019 and is expected to increase at a CAGR of 6.1% over the forecast period. The Rest of Europe is expected to account for the majority revenue share in the target market over the forecast period.

Europe Enameling Steel Market Competitive Landscape

The leading manufacturers operating in the enameling Steel sector are mentioned below

• ArcelorMittal
• Nippon Steel Corporation
• ThyssenKrupp AG
• Tata Steel Limited
• Voestalpine AG
• AK Steel
• KALDEWEI
• Veneta Nastri S.p.A.
• Ferro Techniek BV
• Other Key Industry Players

Europe Enameling Steel Market Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Europe Enameling Steel Market Key Regions Covered

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Europe Enameling Steel Market Key Segments Covered

Europe Enameling Steel Market, By Enameling Method

• Direct-on Enameling
• Conventional Enameling
• One-side Enameling
• Two-coat/ One-fire Enameling

Europe Enameling Steel Market, By Standard Type

• ED
• EK

Europe Enameling Steel Market, By Application

• Architecture
• Communication
• Industry and Domestic Appliances
• Other Applications