Global Hot-dip Galvanized Steel Market Growth 2023-2029

Global Hot-dip Galvanized Steel Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Hot-dip Galvanized Steel Industry Forecast” looks at past sales and reviews total world Hot-dip Galvanized Steel sales in 2022, providing a comprehensive analysis by region and market sector of projected Hot-dip Galvanized Steel sales for 2023 through 2029. With Hot-dip Galvanized Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hot-dip Galvanized Steel industry.

This Insight Report provides a comprehensive analysis of the global Hot-dip Galvanized Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hot-dip Galvanized Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Hot-dip Galvanized Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hot-dip Galvanized Steel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hot-dip Galvanized Steel.

The global Hot-dip Galvanized Steel market size is projected to grow from US$ 93660 million in 2022 to US$ 110470 million in 2029; it is expected to grow at a CAGR of 110470 from 2023 to 2029.

China is the largest Hot-dip Galvanized Steel market with about 45% market share. Europe is follower, accounting for about 20% market share.

The key players are 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, NLMK Group, Valin Steel Group, Shagang Group etc. Top 3 companies occupied about 23% market share.

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.

Market Segmentation:

Segmentation by type
Sheet & Strip
Structure
Pipe & Tube
Wire & Hardware

Segmentation by application
Construction
Home Appliance
Automotive
General Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
NLMK Group
Valin Steel Group
Shagang Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Hot-dip Galvanized Steel market?

What factors are driving Hot-dip Galvanized Steel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Hot-dip Galvanized Steel market opportunities vary by end market size?

How does Hot-dip Galvanized Steel break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.