South Korea Pre-painted Aluminum Sheets Market Size & Outlook
South Korea pre-painted aluminum sheets market, 2018-2030 (US$M)
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South Korea pre-painted aluminum sheets market highlights
- The South Korea pre-painted aluminum sheets market generated a revenue of USD 119.5 million in 2022 and is expected to reach USD 176.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5% from 2023 to 2030.
- In terms of segment, 2.5 mm -3.0 mm was the largest revenue generating thickness in 2022.
- 2.5 mm -3.0 mm is the most lucrative thickness segment registering the fastest growth during the forecast period.
Pre-painted aluminum sheets market data book summary
| Market revenue in 2022 | USD 119.5 million |
| Market revenue in 2030 | USD 176.2 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | 2.5 mm -3.0 mm |
| Fastest growing segment | 2.5 mm -3.0 mm |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Under 2.5 mm, 2.5 mm -3.0 mm |
| Key market players worldwide | Changjiang & Jinggong Steel Building (Group), Arconic, Cascadia Metals, Italcoat, Novelis, Richard Austin Alloys |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.0% of the global pre-painted aluminum sheets market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pre-painted aluminum sheets market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 511.6 million by 2030.
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Pre-painted Aluminum Sheets Market Scope
Pre-painted Aluminum Sheets Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea pre-painted aluminum sheets market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pre-painted aluminum sheets market will help companies and investors design strategic landscapes.
2.5 mm -3.0 mm was the largest segment with a revenue share of 76.23% in 2022. Horizon Databook has segmented the South Korea pre-painted aluminum sheets market based on under 2.5 mm, 2.5 mm -3.0 mm covering the revenue growth of each sub-segment from 2018 to 2030.
The imposition of restrictions to curb the spread of coronavirus and the global semiconductor chip shortage have significantly affected automobile production in South Korea. According to the 2022 Automobile Industry Trends report by the Ministry of Trade.
Industry, and Energy of the country, approximately 271,054 units of automobiles were produced in South Korea in December 2021 that was 13.7% down as compared 2020. Thus, with the decline in automobile production and construction investments in South Korea, the demand for pre-painted aluminum sheets is expected to be sluggish in the country for the short term.
The country is also expected to expand its road network from 4,274 kilometers to 5,137 kilometers by 2030. Such initiatives by the Government of South Korea are anticipated to increase the demand for rail carriages and signboards in the country that use pre-painted aluminum sheets.
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Our clientele includes a mix of pre-painted aluminum sheets market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea pre-painted aluminum sheets market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pre-painted aluminum sheets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pre-painted aluminum sheets market size, by thickness, 2018-2030 (US$M)
South Korea Pre-painted Aluminum Sheets Market Outlook Share, 2022 & 2030 (US$M)
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