MARKET INTRODUCTION
Hot-dip galvanized steel is a galvanized steel produced by the hot dip galvanizing method. In the hot-dip galvanizing method the base metal is immersed or dipped in the liquid bath of molten zinc at a temperature of 449 ?C to allow the formation of metallurgical bond between zinc and the steel substrate. Hot-dip galvanized steel produced by this method is less costly. However, the final zinc coating on hot-dip galvanized steel is rather inconsistent compared to other galvanizing methods.
MARKET DYNAMICS
Hot-dip galvanized steel are used in working environments subjected to acid rains, sea water, industrial chemicals, moisture, and weather elements owing to their resistance to corossion. The ability of hot-dip galvanized steel to combat rust and corrosion has led to their extensive use in outdoor applications including construction, automotive, general industries, agriculture, etc. The pervasive uses of hot-dip galvanized steel in manufacturing highway signboards, high tension electric towers, galvanized water pipes, gutter and manhole cover, door and window bars, wrought iron gates, HVAC equipment and duct work, etc is expected to generate substantial demand for hot-dip galvanized steel. The automotive and aviation sectors also generate substantial demands for hot-dip galvanized steel. Hot-dip galvanized steel is predominantly used in the construction of passenger cars and manufacturing components such as fenders, seats, spring housing, hoods, oil pans, and body panels. The recognition of the importance of hot-dip 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 hot-dip galvanized steel in the forecast period.
MARKET SCOPE
The "Global Hot-dip Galvanized Steel Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hot-dip galvanized steel market with detailed market segmentation by end product, end-use industry, and geography. The global hot-dip galvanized steel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hot-dip galvanized steel market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hot-dip galvanized steel market is segmented on the basis of end product and end-use industry. On the basis of end product, the hot-dip galvanized steel market is segmented into, fasteners, steel main frames, cable support system, hand rails, safety barriers, and others. On the basis of end-use industry, the market is bifurcated into, construction, automotive, home appliances, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hot-dip galvanized steel market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hot-dip 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.
The report analyzes factors affecting the hot-dip 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 hot-dip galvanized steel market in these regions.
MARKET PLAYERS
The reports cover key developments in the hot-dip 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 hot-dip galvanized steel market are anticipated to lucrative growth opportunities in the future with the rising demand for hot-dip galvanized steel in the global market. Below mentioned is the list of few companies engaged in the hot-dip galvanized steel market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hot-dip galvanized steel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 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
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