Global Mg-Al-Zinc Coated Carbon Steel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Mg-Al-Zinc Coated Carbon Steel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Galvanized steel sheet of aluminum-magnesium alloy coating by zinc (Zn), aluminum (Al), magnesium (Mg) to form high-temperature curing. Its structure is by Zn, Al and Zn2Mg the dense structure constitutes a total of three, so that the steel surface to form a layer compact and effective to prevent corrosion factor through the barrier.
Al-Mg galvanized steel sheet with excellent corrosion resistance, hot dip galvanized steel sheet is 10 to 20 times, is the hot-dip galvanized aluminum (5%) alloy steel plates 5 to 8 times. Hot-dip galvanized steel surfaces can form a protective coating. However, the thick coating layer, water and oxygen, such as corrosion protection factor easily through the membrane resulting from corrosion. Al-Mg galvanized steel plate because the coating of aluminum and magnesium components, with the passage of time, in the coating on the surface attached to generate highly dense coating to protect and to effectively prevent corrosion, through the factor, corrosion resistance to achieve stability.

Market Overview:


The latest research study on the global Mg-Al-Zinc Coated Carbon Steel market finds that the global Mg-Al-Zinc Coated Carbon Steel market reached a value of USD 15799.35 million in 2022. It’s expected that the market will achieve USD 47714.86 million by 2028, exhibiting a CAGR of 20.23% during the forecast period.

With the rapid development of construction, automotive and new energy industry in emerging markets, such as Europe and North America, we tend to believe this industry is an emerging industry. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, price gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin. Global mergers and acquisitions and cooperation of major players will be more obvious.

Limitations

Coming out of the financial crisis and economic slowdown of the past two years, the global steel industry is seeing major changes. The economic downturn has highlighted the accelerating shift in the growth of global demand from developed economies to the developing world.

Opportunities

The world economy is recovering, Digital technology is a critical enabler of the changes that will help Mg-Al-Zinc Coated Carbon Steel companies adapt to the five megatrends. It is advancing rapidly across all aspects of business, serving as a vital thread that pervades the CEO agenda. While digital technology is a disruptive force, it is one that is creating new opportunities for the steel industry.

Region Overview:


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

Company Overview:


NSSMC, NISSHIN, ArcelorMittal, ThyssenKrupp Steel and Voestalpine are the five key players in the global Mg-Al-Zinc Coated Carbon Steel market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Mg-Al-Zinc Coated Carbon Steel market in the past 5 years.

Segmentation Overview:


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

Thin

The Manufacturing process is a little more complex than conventional or thick products, and the price is higher

Conventional

Conventional Products that could be used in many common fields

Thick

Thick Mg-Al-Zinc Coated Carbon Steel is also widely used

Special Made

Special products to meet the Customized requirements of the client

Application Overview:


By application, the Energy (Solar Energy) segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Mg-Al-Zinc Coated Carbon Steel market covered in Chapter 3:

JFE
ArcelorMittal
Wuppermann
ThyssenKrupp Steel
NISSHIN
Voestalpine
Tata Steel
POSCO
Salzgitter
NSSMC

In Chapter 4 and Chapter 14.2, on the basis of types, the Mg-Al-Zinc Coated Carbon Steel market from 2018 to 2029 is primarily split into:

Thin (0.2-1.2 mm)
Conventional (1.21-2 mm)
Thick (2.1-4 mm)
Special Made

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Mg-Al-Zinc Coated Carbon Steel market from 2018 to 2029 covers:

Construction
Energy (Solar Energy)
Chemical
Automotive
Agricultural
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)