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Galvanized Steel Market Forecast to 2027 – Ansteel Group, ArcelorMittal, Gerdau, JFE Steel, POSCO


Galvanized Steel Mar

iCrowdNewswire   Nov 17, 2020  7:00 PM ET

The “Global Galvanized Steel Market Analysis to 2027” is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis.

Galvanized steel is regular steel, which is coated with zinc to make it resistant to corrosion. The zinc coating on galvanized steel acts as a protective buffer between the steel substrate and moisture content and oxygen. Galvanized steel is a more cost-effective alternative to metals such as austenitic stainless steel and aluminum in corrosive environments. It is ubiquitously used in manufacturing drinking water pipes, body frames in bicycles and cars, support beams, canopies, awnings, ladders, industrial walkways, playground equipment, etc.

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The remarkable property of galvanized steel to withstand rust and corrosion has lead to its pervasive uses in a number of applications ranging from wrought iron gates to wire ropes. Galvanized steel offers more cost-effective solutions compared to more expensive non-corrosive materials such as aluminum and stainless steel. The inexpensiveness and practicality of galvanized steel are likely to generate significant demand for galvanized steel in the forecast period. The automotive and aviation sectors generate substantial demands for galvanized steel. Galvanized steel is predominantly used in the construction of passenger cars to manufacture components such as fenders, seats, spring housing, hoods, oil pans, and body panels. The recognition of the importance of galvanization by automobile manufacturers and the increasing uses of high strength steel and ultra-high strength steel in cars is anticipated to promote the use of galvanized steel in the forecast period.

Leading Companies:

– AK Steel Holding Corporation
– Ansteel Group
– ArcelorMittal S.A.
– China Baowu Steel Group Corp., Ltd.
– Gerdau
– JFE Steel
– Jiangsu Shagang Group Company Limited
– Nippon Steel Corporation
– POSCO
– Tata Steel

The reports cover key developments in the galvanized steel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from galvanized steel market are anticipated to lucrative growth opportunities in the future with the rising demand for galvanized steel in the global market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global galvanized steel market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The galvanized steel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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The report analyzes factors affecting the galvanized steel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the galvanized steel market in these regions.



Contact Information:

Contact Person : Sameer Joshi
Phone : +1-646-491-9876
E-mail : sam@theinsightpartners.com






Keywords:    Galvanized Steel Market, Galvanized Steel, Steel Market, Steel, Electro-Galvanized Steel, Hot-dip Galvanized Steel

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