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

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

Hot dipped galvanized steel coil is made of carbon steel coated in zinc utilizing the hot-dip process. Hot-dip galvanized steel coil has unique technical properties and is widely used in many industries. Especially in industries that require resistance to atmospheric corrosion, exceptional strength and durability. Including construction, home appliance, automotive, general industrial, etc.

Market Overview:

The latest research study on the global Hot-dip Galvanized Steel Coil market finds that the global Hot-dip Galvanized Steel Coil market reached a value of USD 95842.13 million in 2022. It’s expected that the market will achieve USD 117473.12 million by 2028, exhibiting a CAGR of 3.45% during the forecast period.

In terms of construction demand, infrastructure investment, as an important counter-cyclical adjustment tool, has continued to grow in recent years, effectively driving the demand for hot-dip galvanized steel coil. In the next 1-2 years, large-scale investment in infrastructure construction can still be maintained. For example, in November 2021, President Biden signed a $1 trillion bipartisan infrastructure bill into law. The infrastructure bill created $550 billion in new funding for transportation, broadband and utilities. While funding for the bill will be distributed over 5 years, funding for road infrastructure projects is likely to increase starting in 2022. These projects are likely to generate higher demand for hot-dip galvanized steel coil materials for infrastructure and road slab applications. Therefore, continued investment in infrastructure and other construction market developments will help drive the hot-dip galvanized steel coil industry. Furthermore, more innovative and energy-efficient technologies used in home appliances are the key drivers for the growth of the industry. Various new technologies such as cloud technology, rise of artificial intelligence technology, accelerated adoption of Internet of Things (IoT), growth of social media influence, and introduction of innovative small appliances will contribute to the growth of the global home appliance market.

Finally, as the problems of global energy supply and demand and environmental pollution have become prominent, the development of energy-saving and environmental protection-related industries has been paid attention to by various countries. As a key part of creating an energy-saving and environmentally friendly society, the development of new energy vehicles has become a consensus. Governments and car companies around the world have successively released new energy vehicle development strategies and plans to guide and support the development of the new energy vehicle industry. As an important part of new energy vehicles, Hot-dip Galvanized Steel Coil faces a broad space for development. Among them, three major regions are driven by demand growth: First, the Chinese market has changed from policy-driven to consumption-driven, which is mainly affected by factors such as the intensive launch of best-selling models and gradual improvement of supporting facilities such as charging piles. Second, the European market is driven by carbon emission fines + high subsidies. Third, the U.S. market ushered in a policy turning point after Biden took office. As a result, with the continuous development of new energy vehicles, the demand for hot-dip galvanized steel coil products continues to increase. Overall, the market size of hot-dip galvanized steel coil will continue to grow during the forecast period.

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects

Company Overview:

Nippon Steel Corp, ArcelorMittal, POSCO were the top 3 players in the Hot-dip Galvanized Steel Coil market in 2022.

Nippon Steel Corp

Nippon Steel Corp., headquartered in Tokyo, Japan, is Japan's largest steel conglomerate. The company's main products include steel plates, bar steel, steel pipes, special steel, secondary steel products, milled iron and steel blocks, and other processed steel products.

ArcelorMittal

ArcelorMittal is the world's leading steel and mining company. ArcelorMittal's steelmaking operations, finishing facilities and mining facilities supply key markets: automotive, appliances, tubing, packaging, construction, energy, heavy equipment, transportation and more. ArcelorMittal's steel is made using innovative processes that use less energy, significantly reduce carbon emissions and reduce costs. ArcelorMittal manufactures steel for electric vehicles and renewable energy infrastructure that will support the transformation of society in this century.

POSCO

POSCO is the world's sixth largest steel producer and an industry leader in developing advanced customer solutions. POSCO has been named the world's most competitive steelmaker by World Steel Dynamics for the 12th consecutive year (as of 2021), and at Davos 2019, POSCO was named a Lighthouse Factory by the World Economic Forum for leading innovation in manufacturing. POSCO pursues Corporate Citizenship: Building a Better Future Together. POSCO will be a valuable member of society, growing with various stakeholders such as employees, shareholders, customers, suppliers, suppliers and local communities.

Segmentation Overview:

Among different product types, Thickness < 3mm segment is anticipated to contribute the largest market share in 2027.

Application Overview:

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

Key Companies in the global Hot-dip Galvanized Steel Coil market covered in Chapter 3:

Shougang
China Steel Corporation
JFE Steel Corporation
Hyundai Steel
JSW Steel Ltd
Baowu Group
Nippon Steel
POSCO
ArcelorMittal
Steel Dynamics
United States Steel Corporation
Ansteel Group
ThyssenKrupp

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

Thickness < 3mm
Thickness＞3mm

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

Construction
Home Appliance
Automotive
General Industrial
Others

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)