Galvanized steel offers a protective coating of zinc which prevents it from corrosion and rusting due to acids and other physical deterioration. Also, it is known as hot-dip galvanizing process. Galvanized steel has wide range of applications across various end-use industries such as platforms, door & window frames, handrails, stairs, machine parts, and so on.
The market growth is driven by the rapid industrialization in developing countries leading to increase in investments in infrastructure and construction activities, automotive, and aviation & marine. Also, huge investment in plant expansion and product launch by the major players in developing economies contributes to the rising growth of the galvanized steel market worldwide.
The global galvanized steel market is estimated to grow at a CAGR of xx.xx% in terms of value from 2017 to 2022. In terms of volume the market recorded a consumption of xx.xx KT in 2016 and is expected to reach xx.xx KT by 2022 growing at a CAGR of xx.xx% in between 2017 to 2022. Asia-Pacific recorded the highest consumption of galvanized steel in 2016 and will continue to follow similar trend due to strong growth in the Asia-Pacific region and increased end-use industries activity in countries such as India, Japan and South Korea.
The market has been segmented on the basis of end-use industries such as infrastructure & construction, transportation & automotive, aviation & marine, mechanical equipment, and others. Infrastructure & construction held the largest share in 2016 owing to the urbanization and modern architect trends in emerging markets such as Asia-Pacific and also in developed economies such as U.S.
On the basis of product form, the market is segmented into sheets & strips, plates, and others. The sheets & strips held the largest share in 2016 and is expected to be growing at the highest CAGR during the forecast period.
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders such as CEOs, directors, and marketing executives. A detailed market share analysis of the leading players in the global galvanized steel market has been covered in this report. The key companies in this market include US Steel Corporation (U.S.), ArcelorMittal (Luxembourg), SSAB (Sweden), POSCO (South Korea), Voestalpine AG (Austria), Essar Steel (India), Hyundai Steel Co. Ltd. (South Korea), JSW (India), Nippon Steel & Sumitomo metal Corporation (Japan), SAIL (India), Allegheny Technologies Inc. (U.S.), and others.
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