VCM Laminated Board Market latest Statistics on Market Size, Growth, Production, Sales Volume, Sales Price, Market Share and Import vs Export 

VCM Laminated Board Market Summary Highlights

The global VCM Laminated Board Market is estimated at approximately USD 3.4 billion in 2026, supported by sustained demand from residential appliances, modular furniture manufacturing, and decorative steel panel applications. Consumption patterns are increasingly shifting toward pre-coated and laminated metal substrates that reduce post-processing costs and improve corrosion resistance. Manufacturers across East Asia and Europe are also prioritizing low-VOC coatings and recyclable laminated structures as environmental compliance standards tighten in appliance and interior panel production.

Recent developments across the coated steel and appliance ecosystem continue to influence procurement trends. In February 2026, South Korea-based POSCO announced expansion of premium coated steel production capacity for appliance-grade applications, targeting higher demand from refrigerator and modular kitchen manufacturers in Southeast Asia. In November 2025, China’s Baosteel introduced upgraded laminated steel products with fingerprint-resistant surfaces aimed at smart home appliance manufacturers. Meanwhile, India’s appliance production-linked manufacturing incentives continued supporting domestic white goods capacity additions through 2025–2026, increasing regional demand for laminated metal panels used in washing machines, refrigeration systems, and modular cabinetry.

Rising urban housing construction, replacement demand for consumer appliances, and higher adoption of pre-finished decorative surfaces are collectively supporting steady volume growth for VCM laminated panels across industrial and residential applications.

Statistical Highlights – VCM Laminated Board Market

• The VCM Laminated Board Market is projected to grow at a CAGR of 5.8% between 2026 and 2032.
• Appliance manufacturing accounts for nearly 46% of global VCM laminated board consumption in 2026.
• Asia-Pacific represents approximately 61% of total market demand, led by China, South Korea, Japan, and India.
• Refrigerators and washing machines together contribute over 38% of application demand for laminated coated boards.
• Demand for anti-bacterial and fingerprint-resistant VCM surfaces is estimated to rise by 8.2% in 2026.
• Modular furniture applications are expected to contribute nearly USD 620 million in market revenue by the end of 2026.
• PET-based laminated surface materials account for around 34% of global laminated coating demand.
• China is projected to maintain more than 42% share of regional production capacity in 2026.
• Premium matte-finish laminated steel panels are witnessing annual demand growth above 7% in urban residential projects.
• Energy-efficient appliance manufacturing investments in India and Vietnam increased by over 18% during 2025–2026, strengthening regional procurement of laminated coated boards.
• Replacement demand in mature appliance markets, including Japan and Western Europe, contributes nearly 29% of annual consumption volumes.
• Environmentally compliant low-emission coating technologies are expected to account for over half of newly installed production lines by 2028.

Expanding White Goods Manufacturing Supporting Material Demand

The VCM Laminated Board Market continues to benefit from growth in global white goods manufacturing, particularly across refrigeration, laundry equipment, and premium kitchen appliances. Manufacturers are increasingly selecting laminated metal surfaces instead of conventional painted substrates because they reduce finishing operations while improving durability and surface consistency.

China, South Korea, and India remain major production hubs for consumer appliances. Data published by China Household Electrical Appliances Association during late 2025 indicated continued expansion in exports of refrigerators and washing machines, particularly toward Southeast Asia, the Middle East, and Latin America. This has directly increased procurement volumes for laminated steel boards used in visible appliance exteriors.

In India, the Ministry of Commerce and Industry reported ongoing investments in domestic air conditioner and refrigerator component manufacturing through 2025 and early 2026. Several appliance producers expanded localized sourcing of decorative coated metal sheets to reduce dependence on imports and stabilize production costs. As a result, regional suppliers of laminated coated boards witnessed stronger order volumes from OEM manufacturing clusters in Uttar Pradesh, Tamil Nadu, and Gujarat.

Manufacturers are also moving toward differentiated appliance aesthetics. Matte metallic finishes, brushed textures, and anti-scratch surfaces are increasingly common in premium refrigerator and dishwasher segments. This shift favors advanced laminated steel products that offer superior surface performance compared to traditional powder-coated materials.

Shift Toward Environmentally Compliant Surface Materials

Environmental regulations associated with solvent emissions and industrial coating operations are influencing production preferences throughout the VCM Laminated Board Market. Laminated surface technologies reduce the need for multiple downstream painting and curing stages, helping manufacturers lower volatile organic compound emissions during appliance and panel fabrication.

Japan and South Korea have accelerated adoption of eco-friendly coating technologies across appliance manufacturing lines. In March 2026, Nippon Steel announced enhanced supply partnerships for environmentally optimized decorative steel materials targeting low-emission appliance production. Similar initiatives are being observed in European appliance supply chains where recyclability and carbon footprint disclosures are becoming procurement criteria.

PVC alternatives are also gaining attention. PET and PP laminated films are increasingly preferred in applications requiring lower environmental impact and improved recyclability. PET laminated boards, particularly in refrigerator interiors and modular cabinetry, are witnessing higher acceptance because they provide better stain resistance and lower odor emissions.

This material transition is influencing capital investment patterns. Several coated steel manufacturers are upgrading lamination facilities to accommodate multi-layer environmentally compliant films. These upgrades are particularly visible in China and Taiwan, where export-focused manufacturers are adapting to stricter sustainability expectations from European buyers.

Premium Interior Design Trends Expanding Decorative Applications

The increasing preference for modular interiors and integrated kitchen systems is widening the application base for VCM laminated products beyond traditional appliance manufacturing. Decorative laminated steel boards are increasingly used in wardrobes, kitchen cabinetry, wall panels, and commercial interior systems.

Urban housing projects across India, Vietnam, Indonesia, and the Gulf region are supporting this trend. Higher disposable income levels and growing penetration of modular furniture brands are contributing to demand for decorative surfaces that combine aesthetics with moisture resistance.

Interior panel manufacturers are focusing on textured and embossed finishes to differentiate products in residential and hospitality projects. Woodgrain metallic laminates, stone-texture surfaces, and anti-fingerprint matte panels have gained stronger traction during 2025–2026. These finishes provide durability advantages over conventional laminates while offering easier maintenance in humid environments.

The hospitality sector is another important contributor. Hotel renovation projects in Southeast Asia increasingly specify decorative laminated metal panels for elevator interiors, wall cladding, and integrated storage systems because of their fire resistance and surface longevity.

Technology Upgrades Improving Product Performance

Advancements in lamination technologies are strengthening the competitive position of high-performance coated boards. Modern production lines are improving adhesion quality, scratch resistance, weather durability, and thermal stability.

Manufacturers are integrating digital surface inspection systems and automated defect detection technologies to reduce rejection rates during production. These upgrades are especially important for appliance-grade surfaces where even minor imperfections can affect product acceptance.

Anti-bacterial coatings are emerging as a commercially relevant segment. Following heightened hygiene awareness in residential and healthcare environments, several producers introduced anti-microbial laminated surfaces during 2025 and 2026. Demand has been particularly notable in refrigerator interiors, healthcare furniture, and laboratory storage systems.

Surface engineering improvements are also helping manufacturers reduce material thickness without compromising durability. This trend supports lightweight appliance designs and lowers transportation costs for OEMs.

The VCM Laminated Board Market is additionally seeing higher adoption of high-gloss UV-resistant films in premium appliance categories. These surfaces maintain appearance consistency under prolonged exposure to heat and moisture, making them suitable for kitchen environments.

Construction Activity and Urbanization Supporting Long-Term Consumption

Construction activity remains closely connected with future demand trends for laminated decorative boards. Urban residential expansion across Asia-Pacific and the Middle East continues to increase demand for modular kitchens, integrated storage systems, and premium interior finishing materials.

India’s urban housing pipeline remains a significant driver. Government-backed affordable housing and smart city initiatives continued generating downstream demand for modular interior products through 2025–2026. This has indirectly supported regional consumption of laminated coated boards used in cabinets and decorative partitions.

Vietnam and Indonesia are also emerging as manufacturing and consumption centers. Rising foreign direct investment in appliance assembly and furniture production has encouraged establishment of new coated steel processing facilities in these markets.

Meanwhile, replacement demand remains important in developed economies. Consumers in Japan, Germany, and South Korea are increasingly replacing older appliances with energy-efficient premium models featuring enhanced aesthetics and fingerprint-resistant finishes. This replacement cycle supports stable procurement of high-grade laminated metal surfaces.

Raw Material Volatility Influencing Procurement Strategies

Despite favorable demand conditions, raw material pricing remains a key challenge for manufacturers operating in the VCM Laminated Board Market. Fluctuations in steel coil prices, polymer film costs, and specialty adhesive materials continue affecting operating margins.

Steel pricing volatility during 2025 created procurement uncertainty for appliance manufacturers and coated board suppliers alike. Producers increasingly adopted long-term supply agreements and regional sourcing diversification strategies to stabilize costs.

In January 2026, several East Asian laminated steel producers revised pricing structures following increases in polymer resin costs and logistics expenses. Some manufacturers shifted toward thinner laminated structures and optimized adhesive usage to protect profitability without significantly raising end-product pricing.

Supply chain localization is becoming more important as manufacturers attempt to reduce transportation risks and import dependence. Regional production clusters for laminated coated boards are therefore expanding closer to appliance and furniture manufacturing hubs across Asia-Pacific and Eastern Europe.

Geographical Demand Patterns in the VCM Laminated Board Market

Asia-Pacific Maintaining Manufacturing and Consumption Leadership

Asia-Pacific continues to dominate the VCM Laminated Board Market, accounting for more than three-fifths of global demand in 2026. The region benefits from dense appliance manufacturing clusters, strong steel processing infrastructure, and rapidly expanding urban housing activity. China alone contributes the largest share of laminated coated board consumption due to its large-scale production of refrigerators, washing machines, microwave ovens, and modular kitchen systems.

The China Household Electrical Appliances Association indicated that appliance exports from China continued expanding during 2025, particularly toward Latin America, Africa, and Southeast Asia. This export momentum supported higher procurement of decorative laminated steel substrates used in exterior appliance panels. Chinese manufacturers are also increasing adoption of matte-finish laminated surfaces and anti-fingerprint coatings to improve product differentiation in premium appliance categories.

South Korea remains a high-value market within the VCM Laminated Board Market because of the concentration of premium appliance manufacturers and advanced coated steel producers. Domestic demand is strongly linked to exports of high-end refrigerators and smart home appliances. In February 2026, POSCO expanded specialty coated steel production for appliance applications, highlighting continued investment in laminated steel technologies for premium consumer products.

India is emerging as one of the fastest-growing consumption centers. Growth in local appliance manufacturing, modular housing projects, and commercial interior development has increased regional demand for laminated decorative boards. Government-backed production incentives for white goods manufacturing supported investments in new refrigerator and air-conditioner assembly facilities during 2025–2026. As a result, demand for laminated coated steel sheets used in visible appliance exteriors increased substantially across industrial zones in North and Western India.

Vietnam and Indonesia are also gaining strategic importance. International furniture and appliance manufacturers are shifting part of their sourcing and assembly operations toward Southeast Asia to diversify supply chains. This shift is supporting regional imports as well as localized processing of decorative laminated metal substrates.

Europe Prioritizing Sustainable Laminated Materials

European demand within the VCM Laminated Board Market is increasingly centered on sustainability compliance, low-emission surface materials, and premium interior applications. Germany, Italy, and Poland remain important markets because of their appliance manufacturing and modular furniture industries.

European appliance producers are favoring recyclable laminated steel products with lower solvent emissions and reduced production waste. This trend accelerated after stricter environmental reporting requirements were introduced across several manufacturing sectors during 2025. PET-laminated steel boards are seeing stronger adoption because they align better with circular economy objectives compared to traditional solvent-intensive finishing systems.

The region is also witnessing rising demand for decorative laminated panels in commercial interiors. Hospitality renovation projects and modern office construction are supporting consumption of textured metal laminates for wall systems, cabinetry, and integrated storage units.

Eastern Europe is becoming a strategic production base for furniture and appliance exports into Western Europe. Poland and the Czech Republic continue attracting investments in modular furniture manufacturing, indirectly strengthening demand for laminated coated boards.

North America Focused on Replacement and Premium Appliance Segments

The North American market is comparatively mature but remains commercially significant because of replacement demand and premium appliance consumption. Consumers increasingly prefer fingerprint-resistant refrigerator surfaces, metallic matte finishes, and scratch-resistant decorative panels.

The Association of Home Appliance Manufacturers in the United States reported stable shipment volumes for large household appliances through late 2025, supported by residential renovation spending and kitchen remodeling activity. These trends are supporting steady procurement of premium laminated steel panels.

Commercial refrigeration equipment is another important application area in North America. Restaurants, retail chains, and healthcare facilities are increasing investments in energy-efficient refrigeration systems with durable laminated metal surfaces capable of withstanding frequent cleaning and humidity exposure.

Mexico continues strengthening its role as an appliance assembly hub for exports into the United States and Latin America. This has increased regional demand for coated steel substrates and decorative laminated boards used in refrigerators, microwaves, and washing machines.

Segmentation Highlights in the VCM Laminated Board Market

By Material Type

• PVC laminated boards continue holding a significant share because of cost efficiency and wide appliance compatibility.
• PET laminated products are projected to witness faster growth, exceeding 7% annual demand expansion through 2030.
• Polypropylene-based laminates are gaining acceptance in environmentally regulated markets.

By Application

• Refrigerators remain the largest application segment, contributing approximately 28% of total market demand in 2026.
• Washing machine exterior panels account for nearly 10% share.
• Modular furniture and kitchen cabinetry applications are expanding rapidly across urban residential projects.
• Commercial interiors and decorative wall systems are increasing adoption of textured laminated steel panels.

By Finish Type

• Matte-finish decorative surfaces are recording stronger growth than conventional glossy products.
• Anti-fingerprint coatings are witnessing rising demand in premium appliance categories.
• Embossed and textured finishes are gaining traction in modular furniture systems.

By End User

• Consumer appliance manufacturers remain the largest buyers of laminated coated boards.
• Residential construction and interior solution providers represent the second-largest demand category.
• Commercial infrastructure projects are supporting specialty decorative panel demand.

VCM Laminated Board Production Expanding Near Appliance Manufacturing Hubs

Global VCM Laminated Board production is becoming increasingly concentrated around appliance manufacturing clusters to reduce logistics costs and supply chain risks. China continues leading global output, accounting for more than 45% of worldwide VCM Laminated Board production capacity in 2026. Large integrated steel producers in China have expanded lamination lines capable of producing anti-bacterial, textured, and matte-finish products for both domestic consumption and export markets.

South Korea and Japan maintain technological leadership in premium-grade VCM Laminated Board production, particularly for high-gloss and fingerprint-resistant surfaces used in advanced home appliances. Manufacturers in these countries are focusing on automated inspection systems and thin-film lamination technologies to improve consistency and reduce defect rates.

India is gradually increasing VCM Laminated Board production through localized investments in coated steel processing facilities. New production lines commissioned during 2025 near appliance manufacturing corridors are improving domestic supply availability and reducing import dependence. Southeast Asian countries, particularly Vietnam, are also witnessing expansion of secondary lamination and finishing operations to support regional appliance exports.

Market Segmentation Shifts Reflecting Consumer Preferences

The VCM Laminated Board Market is gradually shifting toward higher-value products rather than purely volume-driven growth. Premium appliance manufacturers are increasing procurement of decorative metal laminates with anti-smudge and UV-resistant properties, while furniture producers are demanding textured surfaces that replicate woodgrain and stone aesthetics.

This shift is visible in pricing structures as well. Matte-finish and anti-bacterial laminated products command price premiums ranging between 12% and 18% over standard glossy laminated surfaces in 2026. Manufacturers capable of offering customized surface textures and high-performance coatings are therefore capturing stronger margins despite volatility in raw material costs.

Demand patterns also differ substantially by geography. Asian markets prioritize high-volume appliance applications, while European buyers place stronger emphasis on sustainability-certified laminated products. North American consumption is more concentrated in premium residential appliance upgrades and kitchen renovation projects.

VCM Laminated Board Price Trend Influenced by Steel and Polymer Costs

The VCM Laminated Board Price Trend during 2025–2026 remained highly sensitive to fluctuations in steel coil pricing, polymer resin costs, and freight expenses. Hot-dip galvanized steel, which serves as a major substrate material, experienced pricing variability due to changing raw material and energy costs across Asia and Europe.

VCM Laminated Board Price levels increased moderately during early 2026 after several East Asian suppliers revised quotations following higher adhesive and PET film procurement expenses. Average export prices for premium anti-fingerprint laminated steel products rose by approximately 6% to 9% compared to mid-2025 levels.

The VCM Laminated Board Price Trend also differed by product category. Standard PVC laminated products experienced relatively stable pricing because of higher production availability and competitive supplier presence. In contrast, specialty matte-finish and anti-bacterial laminated boards recorded stronger price increases due to higher manufacturing complexity and growing demand from premium appliance brands.

Freight normalization across Asian shipping routes during late 2025 partially eased pricing pressure for exporters. However, electricity tariffs and environmental compliance investments continued affecting production costs in several countries, particularly in China and South Korea.

VCM Laminated Board Price movement in India and Southeast Asia remained comparatively volatile because of import dependence on specialty films and coated steel substrates. Some regional manufacturers responded by increasing local sourcing of adhesive materials and expanding domestic coating capabilities to improve cost stability.

Long-term pricing direction is expected to remain influenced by raw material availability, sustainability compliance investments, and adoption of advanced laminated surface technologies across appliance and decorative interior applications.

Leading Manufacturers in the VCM Laminated Board Market

The competitive structure of the VCM Laminated Board Market is largely controlled by East Asian coated steel manufacturers that operate integrated steel processing and lamination facilities. Large-scale producers from South Korea, China, and Japan maintain strong influence because of their technological capabilities, supply relationships with appliance manufacturers, and access to galvanized steel feedstock.

Competition is increasingly shifting toward surface innovation rather than only production scale. Manufacturers are focusing on anti-fingerprint coatings, matte-finish decorative surfaces, anti-bacterial laminates, and low-emission coating technologies to secure long-term contracts from appliance and modular furniture producers.

The top five manufacturers collectively account for more than half of global revenue generation in the VCM Laminated Board Market during 2026. Integrated producers continue to benefit from lower raw material procurement costs and stronger control over quality consistency.

POSCO Holding Strong Position in Premium Appliance Applications

POSCO remains one of the dominant companies in the VCM Laminated Board Market due to its strong presence in premium appliance-grade decorative steel materials. The company supplies laminated coated steel used in refrigerators, washing machines, microwave ovens, and modular kitchen systems.

Its product portfolio includes fingerprint-resistant laminated steel, textured metallic surfaces, and matte decorative coated boards designed for high-end home appliances. The company’s manufacturing advantage comes from advanced coating technologies and vertically integrated steel production operations.

During 2026, POSCO continued increasing production of specialty coated steel products aimed at Southeast Asian appliance manufacturing hubs. Demand from premium refrigerator and smart appliance manufacturers remained particularly strong, especially for anti-smudge and scratch-resistant surfaces.

The company also continues investing in environmentally compliant laminated materials with reduced solvent emissions and improved recyclability, aligning with changing procurement standards in Europe and developed Asian markets.

Baosteel Expanding Global Supply Reach

Baosteel Group remains one of the largest suppliers in the VCM Laminated Board Market because of its extensive manufacturing scale and strong export capabilities. The company supplies decorative laminated steel products for refrigerators, freezers, washing machines, and modular interior systems.

Baosteel’s laminated product range includes anti-bacterial steel panels, glossy decorative laminates, and matte-finish coated boards designed for premium appliance applications. Chinese appliance manufacturers remain major buyers, but export demand from Southeast Asia, Latin America, and the Middle East has also increased significantly.

The company has been strengthening production of high-value laminated products rather than focusing only on standard coated steel categories. Advanced anti-smudge and textured surface technologies have become important differentiators as appliance brands increasingly compete on aesthetics and surface durability.

Baosteel benefits from China’s large domestic appliance manufacturing ecosystem, which continues supporting stable long-term demand for decorative coated metal substrates.

Dongkuk Steel Strengthening Decorative Steel Segment

Dongkuk Steel has established a strong market position through decorative coated steel products used in both appliance and interior applications. Its Luxteel product line is widely recognized across premium appliance manufacturing and architectural interior projects.

The company focuses heavily on textured surfaces that replicate brushed metal, marble, and woodgrain appearances while maintaining corrosion resistance and long-term durability. These decorative surfaces are increasingly used in modular kitchens, wardrobes, elevator interiors, and commercial wall systems.

South Korean appliance manufacturers continue representing a major customer base for Dongkuk Steel. Demand for premium refrigerators and smart home appliances has supported consumption of high-performance laminated decorative steel.

The company is also investing in thinner high-strength laminated materials that help appliance producers reduce overall product weight without compromising durability.

Nippon Steel Advancing Surface Engineering Technologies

Nippon Steel continues maintaining a strong position in high-performance laminated steel applications. The company is particularly competitive in scratch-resistant, anti-bacterial, and UV-resistant decorative steel technologies.

Its laminated steel materials are widely used in premium refrigerators, commercial refrigeration systems, and integrated kitchen interiors where long-term surface stability is critical. Japanese manufacturers continue emphasizing coating precision and surface consistency, which supports higher-value product positioning.

Nippon Steel has also expanded focus on environmentally optimized laminated materials with lower VOC emissions and improved recyclability. This strategy aligns with stricter environmental regulations affecting appliance and construction industries in Europe and Japan.

The company’s investments in automated inspection systems and advanced coating processes are helping reduce manufacturing defects and improve surface uniformity.

JFE Steel Increasing Focus on Lightweight Laminated Products

JFE Steel Corporation remains an important participant in the VCM Laminated Board Market, particularly in advanced thin-film laminated steel products.

The company is focusing on lightweight coated steel substrates designed for energy-efficient appliances and modular interior systems. These materials help appliance manufacturers lower transportation costs while improving energy performance and design flexibility.

JFE Steel’s laminated products are increasingly used in refrigerators, microwave ovens, and premium kitchen appliances where thin-gauge steel with high surface durability is required. The company also continues improving coating adhesion technologies and scratch resistance performance.

Japanese manufacturers, including JFE Steel, are benefiting from rising demand for premium appliance aesthetics and long-lasting decorative surfaces in developed economies.

Regional Producers Increasing Competitive Intensity

Mid-sized producers across India, Taiwan, and Southeast Asia are gradually increasing their participation in the VCM Laminated Board Market. These companies are focusing on localized supply chains and cost-competitive decorative steel solutions for regional appliance manufacturers.

Taiwan-based suppliers continue expanding exports of laminated coated steel into Southeast Asia, particularly for refrigerator and modular furniture applications. Meanwhile, Indian processors are investing in domestic coating and lamination lines to support growing appliance manufacturing capacity.

India’s expanding white goods manufacturing sector has created stronger demand for locally processed decorative coated boards used in refrigerators, storage cabinets, and washing machines. Several regional manufacturers are increasing focus on matte-finish and anti-fingerprint laminated products to compete with imported materials.

Competition among regional producers is strongest in standard-grade laminated board categories where price sensitivity remains high. However, premium applications continue favoring manufacturers with advanced coating technologies and stronger quality control systems.

VCM Laminated Board Market Share by Manufacturers

The VCM Laminated Board Market remains moderately concentrated, with major Asian steel companies controlling a substantial portion of global production capacity. Large integrated producers collectively account for more than half of total market revenue in 2026.

Premium product categories such as anti-bacterial laminated steel, fingerprint-resistant coated boards, and textured decorative laminates are more heavily concentrated among Japanese and South Korean manufacturers. In contrast, China maintains leadership in high-volume standard laminated steel production.

Regional companies are gradually gaining share in emerging markets due to localized manufacturing advantages and shorter supply chains. Southeast Asia and India are becoming important competitive zones because appliance manufacturers increasingly prefer nearby suppliers to reduce logistics costs and procurement risks.

Manufacturers capable of offering customized surface finishes, environmentally compliant coatings, and lightweight laminated structures are expected to strengthen market share over the next several years.

Recent Industry Developments and Market Updates

In February 2026, POSCO expanded specialty coated steel production capacity to support rising demand from Southeast Asian premium appliance manufacturers.

During November 2025, Baosteel introduced upgraded anti-smudge laminated steel products targeting high-end refrigerator and smart appliance applications.

In early 2026, several Japanese manufacturers accelerated investments in low-emission laminated steel technologies to align with stricter sustainability requirements in appliance and construction sectors.

Dongkuk Steel expanded the application range of its Luxteel decorative steel products across modular interior projects and commercial wall panel systems during late 2025.

Throughout 2025 and 2026, Vietnam and Indonesia witnessed increased investments in appliance assembly operations, supporting stronger regional demand for laminated decorative steel supplied by Chinese, Korean, and Taiwanese manufacturers.

Indian coated steel processors also announced additional investments in appliance-grade laminated board production lines to reduce dependence on imported decorative steel materials and support domestic white goods manufacturing expansion.