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Galvalume Steel Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Galvalume Steel Market SizeAccording to new survey, global Galvalume Steel market is projected to reach US$ 13660 million in 2029, increasing from US$ 9299.3 million in 2022, with the CAGR of 5.4% during the period of 2023 to 2029.
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Galvalume Steel Market Trends
The outstanding performance qualities of galvalume steel, such as its remarkable durability and resistance to corrosion, are the main drivers of the market's growth. This kind of steel has an aluminum and zinc alloy coating that offers a strong defense against the elements. The corrosion resistance of the material is especially useful for building applications such wall panels, siding, and roofing that are subjected to severe weather. Because of its longevity and low maintenance requirements, Galvalume steel is an affordable material for use in both commercial and residential construction. Furthermore, by reflecting heat away from buildings, the coating's reflective qualities help to reduce energy expenditures associated with cooling buildings in warmer areas.
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Segment by Type
• Formed Steel
• Structural Steel
Segment by Application
• Construction
• Home Appliance
• Automotive
• Others
By Company
Baowu Group, ArcelorMittal, Ansteel, Nippon Steel, Shagang Group, POSCO, Shougang Group, New Tianjin Steel Group, JFE Steel, BlueScope, Yieh Phui, JSW Steel, Safal Group, U.S. Steel, ThyssenKrupp, Yodogawa Steel Works, Dongkuk Steel, Dongbu Steel, Kerui Steel, Companhia Siderúrgica Nacional (CSN)
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