Global Hot-dip Galvanized Steel Market Growth 2019-2024
Hot-dip galvanization is a form of galvanization. It is the process of coating iron and steel with zinc, which alloys with the surface of the base metal when immersing the metal in a bath of molten zinc at a temperature of around 840 °F (449 °C). When exposed to the atmosphere, the pure zinc (Zn) reacts with oxygen (O2) to from zinc oxide (ZnO), which further reacts with carbon dioxide (CO2) to form zinc carbonate (ZnCO3), a usually dull grey, fairly strong material that protects the steel underneath from further corrosion in many circumstances. Galvanized steel is widely used in applications where corrosion resistance is needed without the cost of stainless steel, and is considered superior in terms of cost and life-cycle.
China is the largest consumption place, with a consumption market share nearly 43% in 2017. Following China, Europe is the second largest consumption place with the consumption market share of 24%.
Market competition is not intense. Baowu Group, ThyssenKrupp, Steel Dynamics, POSCO, ArcelorMittal, Nippon Steel & Sumitomo Metal, Hesteel Group, Hyundai Steel, JFE Steel Corporation, Shougang, Ansteel Group, Gerdau, Maanshan Steel, United States Steel Corporation, Youfa Steel Pipe Group, Benxi Steel Group, China Steel Corporation, JSW Steel Ltd, Tata Steel and NLMK Group are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the mainstream position in the industry.
According to this study, over the next five years the Hot-dip Galvanized Steel market will register a 6.6% CAGR in terms of revenue, the global market size will reach US$ 101600 million by 2024, from US$ 69300 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Hot-dip Galvanized Steel business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Hot-dip Galvanized Steel market by product type, application, key manufacturers and key regions and countries.
This study considers the Hot-dip Galvanized Steel value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Sheet & Strip
Pipe & Tube
Wire & Hardware
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Nippon Steel & Sumitomo Metal
JFE Steel Corporation
United States Steel Corporation
Youfa Steel Pipe Group
Benxi Steel Group
China Steel Corporation
JSW Steel Ltd
Valin Steel Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Hot-dip Galvanized Steel consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Hot-dip Galvanized Steel market by identifying its various subsegments.
Focuses on the key global Hot-dip Galvanized Steel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Hot-dip Galvanized Steel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Hot-dip Galvanized Steel submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.