Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR44917

  • Latest News- Galvanized Steel Market: Hot-dip galvanized steel is expected to lead the Type segment during 2025-2029

    The Galvanized Steel Market is being driven by Economic growth in China and India

    The Galvanized Steel Market is expected to grow at a CAGR of 5.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 51.9 billion. In the oil and gas sector, galvanized steel pipes are indispensable due to their robustness and thermal stability. These pipes are subjected to extreme environmental and chemical conditions during exploration, refining, and transportation processes. Galvanized steel's superior properties, including superior stress crack resistance against oil and gas, low hydrocarbon and methane permeability, corrosion resistance, and impact strength, make it the preferred choice for this industry. The mechanical strength and toughness of galvanized steel pipes ensure they can withstand the demanding requirements of the oil and gas sector. 

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    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Hot-dip galvanized steel
      • Electrical galvanized steel
    • Product
      • Sheets and strips
      • Structures
      • Pipes and tubes
      • Others
    • End-user
      • Industrial
      • Commercial
      • Residential
    • Geography
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • Europe
        • Germany
        • UK
        • France
      • North America
        • Canada
        • US
      • Middle East and Africa
        • South America
          • Brazil

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Economic growth in China and India
      • Rising demand for galvanized steel in industrial applications
      • Increase in demand for galvanized steel from pre-engineered buildings

      However, the market also witnesses some limitations, which are as follows:

      • Volatility in raw material prices used for manufacturing galvanized steel
      • Rising competition from substitutes
      • Oversupply and capacity utilization

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      Market Scope in Galvanized Steel Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      224

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 5.2%

      Market growth 2025-2029

      USD 51.9 billion

      Market structure

      fragmentation

      YoY growth 2024-2025(%)

      4.9

      Key countries

      China, India, Japan, US, South Korea, Germany, Canada, UK, Brazil, France, China, US, India, Japan, and South Korea

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      The Galvanized Steel Market encompasses various products such as pre-galvanized steel and galvannealed steel, featuring zinc-aluminum coatings for enhanced protection. Galvanized steel comes in various thicknesses and weights, with elongation and hardness properties ensuring durability and longevity. Its long lifespan, minimal maintenance, and safety features make it a preferred choice for numerous applications. Advanced technologies, production methods, testing, inspection, and certification ensure top-notch quality. Logistics, warehousing, distribution, installation, repair, and replacement are integral parts of the market's supply chain.

      Market Research Overview

      In the expansive metals and mining industry, the segment focused on steel production represents a significant portion. This market encompasses manufacturers and suppliers of galvanized steel sheets and coils, as well as those involved in the hot-dip galvanizing process and zinc coating application. The global steel market, a key component of this sector, is projected to expand due to escalating demand for steel, particularly in China, where infrastructure development initiatives have fueled construction activity. This growth is driven by the inherent corrosion resistance properties of galvanized steel, making it a preferred choice for various industrial applications.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

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