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Galvanized Steel Market to Register Substantial Expansion by 2025

02-01-2018 03:04 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Galvanized Steel Market to Register Substantial Expansion

A new research report by Transparency Market Research offers a comprehensive evaluation of the global Galvanized Steel Market. The study, titled “Galvanized Steel Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025”, is available for sale on the firm’s website.

Galvanized steel is a type of steel that is corrosion resistant and rust free. It is manufactured by following a specific process called galvanization. It involves applying a protective coating of zinc to prevent rusting and corrosion. The global galvanized steel market can be segmented into application, end products, and geography.

In terms of application, the galvanized steel market can be segmented into buildings and construction, automotive, consumer durables, high voltage electrical equipment, platforms, stairs, handrails, pipe fittings and engineering among others. In terms of end products, the galvanized steel market can be segmented into bolts, nuts, steel main frames, and cable support systems among others. Moreover, in terms of geography, the market can be segmented into Asia Pacific (APAC), Europe, North America, Middle East & Africa (MEA), and South America.

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https://www.transparencymarketresearch.com/galvanized-steel-market.html

Rapid Industrialization coupled with increasing population have led to the increase in sales of home, houses and construction expenditures. Governments of various developing nations are focusing on infrastructural developments which, in turn, has led to the rise in demand for galvanized steel. This is acting as a driver in the expansion of the galvanized steel market. Properties and characteristics of galvanized steel are also the major factors that are fuelling the expansion of the market. These characteristics include corrosion resistant, rust free and high reliability. Galvanized steel is cheap, thus it is highly preferred in various constructional purposes such as residential and commercial buildings. Cost effectiveness and increased usage of galvanized steel in various industry-based applications in comparison to conventional steel are further contributing to the expansion of the galvanized steel market. Moreover, lowered price of zinc is playing a vital role in driving the expansion of the galvanized steel market. This trend is persuading manufacturers to explore new business opportunities in the galvanized steel market. This, in turn, is fuelling the expansion of the market globally.

Increasing awareness and popularity of galvanized steel in the building & construction industry is a key factor boosting the expansion of the market. Furthermore, reduced or low maintenance cost is another major factor playing vital role in the expansion of the galvanized steel market. The engineering industry is a rapidly expanding end-user segment where galvanized steel has found numerous applications. Increase in demand of galvanized steel in emerging markets of Asia Pacific along with various technological needs are acting as opportunities of the galvanized steel market.

Latest Galvanized Steel in place of conventional steel is further propelling the expansion of the galvanized steel market. These factors are playing a vital role and are simultaneously affecting and contributing to the expansion of the galvanized steel market significantly. The galvanized steel market is expanding significantly, as there is considerable expansion in the construction and engineering sector and large-scale industries globally. This, in turn, is increasing the demand for galvanized steel in the market. Manufacturers are consistently focusing on product development in the emerging markets as there are opportunities to expand and increase their market share globally.

Geographically, APAC is a prominent market for galvanized steel, followed by North America. Europe is a rapidly expanding market for galvanized steel. North America is the second largest market, and in terms of market share, the U.S.is the leading contributor in the region. China and Japan are among the leading contributors in Asia Pacific. The major reason behind this significant expansion of the galvanized steel market in the region is the considerable investments in construction and infrastructural projects by the governments in the developing nations. This, in turn, has fuelled the demand of galvanized steel in the market in the developing nations of APAC.

Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=23693

The global galvanized steel market is fragmented with many established players. The major players in the market are primarily from Malaysia, Japan, Thailand, China, U.S., and Europe. Key players in the market are JFE Steel, Arcelor Mittal, Baosteel, Gerdau, NSSMC, and POSCO Nucor. Other prominent vendors in the market are Hebei Iron and Steel, AK Steel, Ansteel, United States Steel (USSC), Shagang Group, and Tata Steel.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/

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