Galvanized Steel Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Galvanized steel is regular steel, which is coated with zinc to make it resistant to corrosion. The zinc coating on galvanized steel acts as a protective buffer between the steel substrate and moisture content and oxygen. Galvanized steel is a more cost-effective alternative to metals such as austenitic stainless steel and aluminum in corrosive environments. It is ubiquitously used in manufacturing drinking water pipes, body frames in bicycles and cars, support beams, canopies, awnings, ladders, industrial walkways, playground equipment, etc.

MARKET DYNAMICS

The remarkable property of galvanized steel to withstand rust and corrosion has lead to its pervasive uses in a number of applications ranging from wrought iron gates to wire ropes. Galvanized steel offers more cost-effective solutions compared to more expensive non-corrosive materials such as aluminum and stainless steel. The inexpensiveness and practicality of galvanized steel are likely to generate significant demand for galvanized steel in the forecast period. The automotive and aviation sectors generate substantial demands for galvanized steel. Galvanized steel is predominantly used in the construction of passenger cars to manufacture components such as fenders, seats, spring housing, hoods, oil pans, and body panels. The recognition of the importance of galvanization by automobile manufacturers and the increasing uses of high strength steel and ultra-high strength steel in cars is anticipated to promote the use of galvanized steel in the forecast period.

MARKET SCOPE

The "Global Galvanized Steel Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the galvanized steel market with detailed market segmentation by product type, end product, end-use industry, and geography. The global galvanized steel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading galvanized steel market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global galvanized steel market is segmented on the basis of product type, end product, end-use industry. On the basis of product type, the galvanized steel market is segmented into, electro-galvanized steel and hot-dip galvanized steel. On the basis of end product, the market is bifurcated into, fasteners, steel main frames, cable support system, hand rails, safety barriers, and others. Based on end-use industry, the global galvanized steel market is segmented into, construction, automotive, home appliances , and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global galvanized steel market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The galvanized steel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the galvanized steel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the galvanized steel market in these regions.

Galvanized Steel Market Report Analysis

Galvanized Steel Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• AK Steel Holding Corporation
• Ansteel Group
• ArcelorMittal S.A.
• China Baowu Steel Group Corp., Ltd.
• Gerdau
• JFE Steel
• Jiangsu Shagang Group Company Limited
• Nippon Steel Corporation
• POSCO

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product Type

• Electro-Galvanized Steel
• Hot-dip Galvanized Steel

By End Product

• Fasteners
• Steel Main Frames
• Cable Support System
• Hand Rails
• Safety Barriers

By End-Use Industry

• Construction
• Automotive
• Home Appliances

MARKET PLAYERS

The reports cover key developments in the galvanized steel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from galvanized steel market are anticipated to lucrative growth opportunities in the future with the rising demand for galvanized steel in the global market. Below mentioned is the list of few companies engaged in the galvanized steel market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the galvanized steel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- AK Steel Holding Corporation
- Ansteel Group
- ArcelorMittal S.A.
- China Baowu Steel Group Corp., Ltd.
- Gerdau
- JFE Steel
- Jiangsu Shagang Group Company Limited
- Nippon Steel Corporation
- POSCO
- Tata Steel

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Galvanized Steel Market Report Scope