| Product Code: ETC8621661 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to rely heavily on imports of coated steel, with top exporters being China, South Africa, Jordan, India, and Brazil. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a negative compound annual growth rate (CAGR) of -24.61% from 2020 to 2024, there was a significant growth rate of 37.68% from 2023 to 2024. This suggests potential shifts in market dynamics and opportunities for both Nigerian importers and exporting countries to capitalize on the growing demand for coated steel in the region.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Coated Steel Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Coated Steel Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Coated Steel Market - Industry Life Cycle |
3.4 Nigeria Coated Steel Market - Porter's Five Forces |
3.5 Nigeria Coated Steel Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Coated Steel Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Coated Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing infrastructure development projects in Nigeria driving demand for coated steel. |
4.2.2 Growing construction industry in the country boosting the consumption of coated steel. |
4.2.3 Government initiatives promoting industrialization and manufacturing sectors leading to higher demand for coated steel. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production for coated steel. |
4.3.2 Intense competition from alternative materials like aluminum and composite materials. |
4.3.3 Economic instability and currency fluctuations affecting the pricing and demand for coated steel in Nigeria. |
5 Nigeria Coated Steel Market Trends |
6 Nigeria Coated Steel Market, By Types |
6.1 Nigeria Coated Steel Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Coated Steel Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Coated Steel Market Revenues & Volume, By Metallic Coated Steel, 2021- 2031F |
6.1.4 Nigeria Coated Steel Market Revenues & Volume, By Organic Coated Steel, 2021- 2031F |
6.1.5 Nigeria Coated Steel Market Revenues & Volume, By Tinplate, 2021- 2031F |
6.2 Nigeria Coated Steel Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Coated Steel Market Revenues & Volume, By Vehicle Body and Parts, 2021- 2031F |
6.2.3 Nigeria Coated Steel Market Revenues & Volume, By Solar Energy Equipment, 2021- 2031F |
6.2.4 Nigeria Coated Steel Market Revenues & Volume, By Industrial Machinery, 2021- 2031F |
6.2.5 Nigeria Coated Steel Market Revenues & Volume, By Structural Building Components, 2021- 2031F |
6.2.6 Nigeria Coated Steel Market Revenues & Volume, By Electric Appliances, 2021- 2031F |
6.2.7 Nigeria Coated Steel Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Coated Steel Market Import-Export Trade Statistics |
7.1 Nigeria Coated Steel Market Export to Major Countries |
7.2 Nigeria Coated Steel Market Imports from Major Countries |
8 Nigeria Coated Steel Market Key Performance Indicators |
8.1 Capacity utilization rate of coated steel manufacturers in Nigeria. |
8.2 Average selling price of coated steel products in the market. |
8.3 Number of new infrastructure projects using coated steel as a primary material. |
8.4 Adoption rate of coated steel in various industries in Nigeria. |
8.5 Percentage of market share held by local coated steel manufacturers in the Nigerian market. |
9 Nigeria Coated Steel Market - Opportunity Assessment |
9.1 Nigeria Coated Steel Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Coated Steel Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Coated Steel Market - Competitive Landscape |
10.1 Nigeria Coated Steel Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Coated Steel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |