Global Hot Dip Galvanized Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hot Dip Galvanized Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 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 form 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.

Hot-dip galvanizing (HDG) is the process of dipping fabricated steel into a kettle or vat containing molten zinc. The process is inherently simple which provides a distinct advantage over other corrosion protection methods.

Market Overview:

The latest research study on the global Hot Dip Galvanized market finds that the global Hot Dip Galvanized market reached a value of USD 9198.31 million in 2022. It’s expected that the market will achieve USD 10207.54 million by 2028, exhibiting a CAGR of 1.75% during the forecast period.

Drivers

Because hot-dip galvanizing has the advantages of low production cost, easy method, cathodic protection, firm plating and beautiful appearance, it is widely used in many fields. Hot-dip galvanizing is mainly used in construction, automobiles, electrical appliances, containers, transportation, energy, agriculture and other fields. Hot galvanizing has been widely used in automobile manufacturing since the 1990s.
In the early 1990s in the United States, Japan, Canada, Europe, etc., the proportion of hot-dip galvanizing in automobiles in developed countries was larger than that of building materials.
China has a large population and a large market demand. With the development of the western region, the hot-dip galvanizing industry has entered a new stage of rapid development.
South America, India, and the Middle East mainly use hot-dip galvanizing for construction, followed by electrical appliances, containers, and other industries, which are compatible with local industrial development.

Limitations

There are many types of hot dip galvanizing production, and each production process is different. Some types of production processes are complicated, the processing technology is difficult, the production cost is high, and the value is high. At the same time, the hot dip galvanizing industry is developing rapidly, and it is used in high-tech fields, as well as in automobiles and home appliances. It is closely related to the lives of the big people and is vulnerable to atmospheric corrosion.
From the perspective of regional economic development, the application of hot dip galvanizing in developed countries takes precedence over India and the Middle East. The incomplete industrial chain in India, the Middle East and other regions has made the technology in the region relatively backward, resulting in regional imbalances.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

ArcelorMittal S.A. is one of the major players operating in the Hot Dip Galvanized market, holding a share of 5.87% in 2018.

AZZ Inc. provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings. The Energy segment provides specialized products and services designed to support industrial, nuclear, and electrical applications. This segment offers custom switchgear, electrical enclosures, medium and high voltage bus ducts, explosion proof and hazardous duty lighting, nuclear safety-related equipment, and tubular products to multi-national companies and small independent companies.

Wugang Group has become a multiplex corporation that covers both upstream and downstream of the stainless steel industry. The main products of Wugang Group include cold/hot stainless steel wire rods, slabs, strips; coal; coke; Electrolytic Manganese; nickel ore; iron ore; chrome ore and fluorite. Wugang Group has established a complete marketing network in both internal and external, sets up direct selling companies in Jiangsu, Guangdong, Shandong, Anhui and other provinces in China. The products are exported widely to Europe，Southeast Asia, and other international market as well. Wugang Group purchases “Unity, Honesty, Respect” as the Entrepreneurship, sticks to the idea “People Oriented and Keep on Innovating”, and at the same time pursues and replies on technological improvement and progress.

Segmentation Overview:

Among different product types, Steel Sheet segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the OEM segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Hot Dip Galvanized market covered in Chapter 3:

Coatinc Company Holding GmbH
Wedge Group Galvanizing
Valmont Coatings
Voigt&Schweitzer
Hereford Galvanizers
Metalplate Galvanizing
JFE Holdings
Baosteel
nssmc
ArcelorMittal S.A.
AZZ
Joseph Ash Galvanizing
Wuganggroup

In Chapter 4 and Chapter 14.2, on the basis of types, the Hot Dip Galvanized market from 2018 to 2029 is primarily split into:

Steel Sheet
Tube Steel
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hot Dip Galvanized market from 2018 to 2029 covers:

OEM
Industrial
Petrochemical
Bridge & Highway

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)