Press release
Hot-dip Galvanized Steel Market will reach 101600 million US$ in 2023
Hot-dip galvanization is a form of galvanization. It is the process of coating iron and steel with zinc, which alloys with the surface of the base metal when immersing the metal in a bath of molten zinc at a temperature of around 840 °F (449 °C). When exposed to the atmosphere, the pure zinc (Zn) reacts with oxygen (O2) to from zinc oxide (ZnO), which further reacts with carbon dioxide (CO2) to form zinc carbonate (ZnCO3), a usually dull grey, fairly strong material that protects the steel underneath from further corrosion in many circumstances. Galvanized steel is widely used in applications where corrosion resistance is needed without the cost of stainless steel, and is considered superior in terms of cost and life-cycle.
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Global Hot-dip Galvanized Steel Market: Forecast by Type / Application / Region
China is the largest consumption place, with a consumption market share nearly 43% in 2017. Following China, Europe is the second largest consumption place with the consumption market share of 24%.
Market competition is not intense. Baowu Group, ThyssenKrupp, Steel Dynamics, POSCO, ArcelorMittal, Nippon Steel & Sumitomo Metal, Hesteel Group, Hyundai Steel, JFE Steel Corporation, Shougang, Ansteel Group, Gerdau, Maanshan Steel, United States Steel Corporation, Youfa Steel Pipe Group, Benxi Steel Group, China Steel Corporation, JSW Steel Ltd, Tata Steel and NLMK Group are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the mainstream position in the industry.
The worldwide market for Hot-dip Galvanized Steel is expected to grow at a CAGR of roughly 6.6% over the next five years, will reach 101600 million US$ in 2023, from 69300 million US$ in 2017, according to a new GIR (Global Info Research) study.
This report focuses on the Hot-dip Galvanized Steel in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Global Nonferrous Metal Recycling Market:Key Players
Baowu Group
ThyssenKrupp
Steel Dynamics
POSCO
ArcelorMittal
Nippon Steel & Sumitomo Metal
Hesteel Group
Hyundai Steel
JFE Steel Corporation
Shougang
Ansteel Group
Gerdau
Maanshan Steel
United States Steel Corporation
Youfa Steel Pipe Group
Benxi Steel Group
China Steel Corporation
JSW Steel Ltd
Tata Steel
NLMK Group
Valin Steel Group
Shagang Group
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Related Information:
United States Hot-dip Galvanized Steel Market 2018 Forecast to 2023
Europe Hot-dip Galvanized Steel Market 2018 Forecast to 2023
North America Hot-dip Galvanized Steel Market 2018 Forecast to 2023
Asia-Pacific Hot-dip Galvanized Steel Market 2018 Forecast to 2023
China Hot-dip Galvanized Steel Market 2018 Forecast to 2023
EMEA Hot-dip Galvanized Steel Market 2018 Forecast to 2023
Global Hot-dip Galvanized Steel Market 2018 Forecast to 2023
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