The global hot dip galvanized steel market is expected to experience significant growth in the coming years, driven by a steady increase in automobile sales worldwide and the unwavering progression of the construction industry. A recent report provides valuable insights into the market, highlighting key factors that will influence its growth potential over the forecast period.
Market Summary
The demand for hot dip galvanized steel is expected to witness a boost due to mounting sales of hybrid and fully electric vehicles, as well as the increasing demand for these vehicles driven by environmental concerns and personal preferences. The construction industry's need for infrastructure development and renovation projects also contributes to the growth of the market, as galvanized steel offers resistance to corrosion, reliability, temperature resistance, and better availability.
Price Volatility and Substitutes Pose Challenges
The hot dip galvanized steel market faces challenges in terms of price volatility due to raw material availability, which can hinder market growth. Additionally, the presence of equivalent substitutes globally may negatively impact the industry's growth trajectory.
COVID-19 Impact
The COVID-19 pandemic initially disrupted the hot dip galvanized steel market due to restrictions and supply chain disruptions. However, as restrictions eased post the 3rd and 4th waves, the market regressed to its pre-pandemic state of operations.
Asia Pacific Emerges as a Lucrative Market
While North America is expected to hold a majority share in the hot dip galvanized steel market, the Asia Pacific region is projected to demonstrate substantial growth, driven by a surge in domestic production, demand from the power industry, and availability of raw materials.
Competitive Landscape
Major players in the hot dip galvanized steel market include 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, and Tata Steel. To stay competitive, industry players are focusing on new product launches, partnerships, collaborations, acquisitions, and alliances.
Notable Developments
In April 2021, Nippon Steel Corporation launched ZAM-EX, a highly corrosion-resistant coated steel sheet product for global markets.
In November 2021, Wuppermann partnered with Tata Steel to expand its range of high-strength steel with excellent corrosion protection for chassis.
In January 2022, NLMK Group developed a new steel product with an antibacterial coating for application in medical and other facilities adhering to strict cleanliness and safety standards.
Table of Contents
1. Executive Summary
- 1.1. Global Hot Dip Galvanized Steel Market: Snapshot
- 1.2. Future Projections
- 1.3. Key Segment Analysis and Competitive Insights
- 1.4. Premium Insights
2. Market Overview
- 2.1. Market Definitions and Segmentation
- 2.2. Market Dynamics
- 2.2.1. Driver
- 2.2.2. Restraint
- 2.2.3. Industry Challenges & Opportunities
- 2.3. Market Forces Analysis
- 2.3.1. Value Chain Analysis
- 2.3.2. Porters Five Forces Analysis
- 2.4. COVID-19 Impact Analysis
- 2.4.1. Pre and Post Covid-19 Analysis
- 2.5. Government Regulations
- 2.6. PESTLE
3. Production Output, 2018 - 2022
- 3.1. Regional Production Statistics
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa
4. Price Trend Analysis
- 4.1. Factors Affecting Prices
- 4.2. Average Selling Price, By Key Region, 2022
5. Global Hot Dip Galvanized Steel Market Outlook, 2018 - 2030
- 5.1. Global Hot Dip Galvanized Steel Market Outlook, by Type, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 5.1.1. Key Highlights
- 5.1.1.1. Pipes & Tubes
- 5.1.1.2. Sheets & Coils
- 5.1.1.3. Wire
- 5.1.1.4. Hardware
- 5.1.1.5. Other
- 5.2. Global Hot Dip Galvanized Steel Market Outlook, by End-product, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 5.2.1. Key Highlights
- 5.2.1.1. Hand Rails
- 5.2.1.2. Steel Main Frames
- 5.2.1.3. Cable Support Systems
- 5.2.1.4. Safety Barriers
- 5.2.1.5. Street Lights
- 5.2.1.6. Steel Towers
- 5.2.1.7. Fasteners
- 5.2.1.8. Other
- 5.3. Global Hot Dip Galvanized Steel Market Outlook, by Industry, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 5.3.1. Key Highlights
- 5.3.1.1. Automotive
- 5.3.1.2. Construction
- 5.3.1.3. Telecommunication
- 5.3.1.4. Wind & Solar
- 5.3.1.5. Agriculture
- 5.3.1.6. Other
- 5.4. Global Hot Dip Galvanized Steel Market Outlook, by Region, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 5.4.1. Key Highlights
- 5.4.1.1. North America
- 5.4.1.2. Europe
- 5.4.1.3. Asia Pacific
- 5.4.1.4. Latin America
- 5.4.1.5. Middle East & Africa
- 5.4.2. Market Attractiveness Analysis
6. North America Hot Dip Galvanized Steel Market Outlook, 2018 - 2030
- 6.1. North America Hot Dip Galvanized Steel Market Outlook, by Type, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 6.1.1. Key Highlights
- 6.1.1.1. Pipes & Tubes
- 6.1.1.2. Sheets & Coils
- 6.1.1.3. Wire
- 6.1.1.4. Hardware
- 6.1.1.5. Other
- 6.2. North America Hot Dip Galvanized Steel Market Outlook, by End-product, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 6.2.1. Key Highlights
- 6.2.1.1. Hand Rails
- 6.2.1.2. Steel Main Frames
- 6.2.1.3. Cable Support Systems
- 6.2.1.4. Safety Barriers
- 6.2.1.5. Street Lights
- 6.2.1.6. Steel Towers
- 6.2.1.7. Fasteners
- 6.2.1.8. Other
- 6.3. North America Hot Dip Galvanized Steel Market Outlook, by Industry, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 6.3.1. Key Highlights
- 6.3.1.1. Automotive
- 6.3.1.2. Construction
- 6.3.1.3. Telecommunication
- 6.3.1.4. Wind & Solar
- 6.3.1.5. Agriculture
- 6.3.1.6. Other
- 6.4. North America Hot Dip Galvanized Steel Market Outlook, by Country, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 6.4.1. Key Highlights
- 6.4.1.1. U.S.
- 6.4.1.2. Canada
7. Europe Hot Dip Galvanized Steel Market Outlook, 2018 - 2030
- 7.1. Europe Hot Dip Galvanized Steel Market Outlook, by Type, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 7.1.1. Key Highlights
- 7.1.1.1. Pipes & Tubes
- 7.1.1.2. Sheets & Coils
- 7.1.1.3. Wire
- 7.1.1.4. Hardware
- 7.1.1.5. Other
- 7.2. Europe Hot Dip Galvanized Steel Market Outlook, by End-product, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 7.2.1. Key Highlights
- 7.2.1.1. Hand Rails
- 7.2.1.2. Steel Main Frames
- 7.2.1.3. Cable Support Systems
- 7.2.1.4. Safety Barriers
- 7.2.1.5. Street Lights
- 7.2.1.6. Steel Towers
- 7.2.1.7. Fasteners
- 7.2.1.8. Other
- 7.3. Europe Hot Dip Galvanized Steel Market Outlook, by Industry, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 7.3.1. Key Highlights
- 7.3.1.1. Automotive
- 7.3.1.2. Construction
- 7.3.1.3. Telecommunication
- 7.3.1.4. Wind & Solar
- 7.3.1.5. Agriculture
- 7.3.1.6. Other
- 7.4. Europe Hot Dip Galvanized Steel Market Outlook, by Country, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 7.4.1. Key Highlights
- 7.4.1.1. Germany
- 7.4.1.2. France
- 7.4.1.3. U.K.
- 7.4.1.4. Italy
- 7.4.1.5. Rest of Europe
- 7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Hot Dip Galvanized Steel Market Outlook, 2018 - 2030
- 8.1. Asia Pacific Hot Dip Galvanized Steel Market Outlook, by Type, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 8.1.1. Key Highlights
- 8.1.1.1. Pipes & Tubes
- 8.1.1.2. Sheets & Coils
- 8.1.1.3. Wire
- 8.1.1.4. Hardware
- 8.1.1.5. Other
- 8.2. Asia Pacific Hot Dip Galvanized Steel Market Outlook, by End-product, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 8.2.1. Key Highlights
- 8.2.1.1. Hand Rails
- 8.2.1.2. Steel Main Frames
- 8.2.1.3. Cable Support Systems
- 8.2.1.4. Safety Barriers
- 8.2.1.5. Street Lights
- 8.2.1.6. Steel Towers
- 8.2.1.7. Fasteners
- 8.2.1.8. Other
- 8.3. Asia Pacific Hot Dip Galvanized Steel Market Outlook, by Industry, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 8.3.1. Key Highlights
- 8.3.1.1. Automotive
- 8.3.1.2. Construction
- 8.3.1.3. Telecommunication
- 8.3.1.4. Wind & Solar
- 8.3.1.5. Agriculture
- 8.3.1.6. Other
- 8.4. Asia Pacific Hot Dip Galvanized Steel Market Outlook, by Country, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 8.4.1. Key Highlights
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. South Korea
- 8.4.1.4. India
- 8.4.1.5. Rest of Asia Pacific
- 8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Hot Dip Galvanized Steel Market Outlook, 2018 - 2030
- 9.1. Latin America Hot Dip Galvanized Steel Market Outlook, by Type, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 9.1.1. Key Highlights
- 9.1.1.1. Pipes & Tubes
- 9.1.1.2. Sheets & Coils
- 9.1.1.3. Wire
- 9.1.1.4. Hardware
- 9.1.1.5. Other
- 9.2. Latin America Hot Dip Galvanized Steel Market Outlook, by End-product, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 9.2.1. Key Highlights
- 9.2.1.1. Hand Rails
- 9.2.1.2. Steel Main Frames
- 9.2.1.3. Cable Support Systems
- 9.2.1.4. Safety Barriers
- 9.2.1.5. Street Lights
- 9.2.1.6. Steel Towers
- 9.2.1.7. Fasteners
- 9.2.1.8. Other
- 9.3. Latin America Hot Dip Galvanized Steel Market Outlook, by Industry, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 9.3.1. Key Highlights
- 9.3.1.1. Automotive
- 9.3.1.2. Construction
- 9.3.1.3. Telecommunication
- 9.3.1.4. Wind & Solar
- 9.3.1.5. Agriculture
- 9.3.1.6. Other
- 9.4. Latin America Hot Dip Galvanized Steel Market Outlook, by Country, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 9.4.1. Key Highlights
- 9.4.1.1. Brazil
- 9.4.1.2. Mexico
- 9.4.1.3. Rest of Latin America
- 9.4.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Hot Dip Galvanized Steel Market Outlook, 2018 - 2030
- 10.1. Middle East & Africa Hot Dip Galvanized Steel Market Outlook, by Type, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 10.1.1. Key Highlights
- 10.1.1.1. Pipes & Tubes
- 10.1.1.2. Sheets & Coils
- 10.1.1.3. Wire
- 10.1.1.4. Hardware
- 10.1.1.5. Other
- 10.2. Middle East & Africa Hot Dip Galvanized Steel Market Outlook, by End-product, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 10.2.1. Key Highlights
- 10.2.1.1. Hand Rails
- 10.2.1.2. Steel Main Frames
- 10.2.1.3. Cable Support Systems
- 10.2.1.4. Safety Barriers
- 10.2.1.5. Street Lights
- 10.2.1.6. Steel Towers
- 10.2.1.7. Fasteners
- 10.2.1.8. Other
- 10.3. Middle East & Africa Hot Dip Galvanized Steel Market Outlook, by Industry, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 10.3.1. Key Highlights
- 10.3.1.1. Automotive
- 10.3.1.2. Construction
- 10.3.1.3. Telecommunication
- 10.3.1.4. Wind & Solar
- 10.3.1.5. Agriculture
- 10.3.1.6. Other
- 10.4. Middle East & Africa Hot Dip Galvanized Steel Market Outlook, by Country, Value (US$ Mn) & Volume (Tons), 2018 - 2030
- 10.4.1. Key Highlights
- 10.4.1.1. GCC
- 10.4.1.2. South Africa
- 10.4.1.3. Rest of Middle East & Africa
- 10.4.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
- 11.1. Company Market Share Analysis, 2022
- 11.2. Company Profiles
- 11.2.1. China Baowu Steel Group Corp., Ltd.
- 11.2.1.1. Company Overview
- 11.2.1.2. Product Portfolio
- 11.2.1.3. Financial Overview
- 11.2.1.4. Business Strategies and Development
- 11.2.2. ArcelorMittal S.A.
- 11.2.3. JFE Steel Corporation
- 11.2.4. POSCO
- 11.2.5. Steel Dynamics, Inc.
- 11.2.6. ThyssenKrupp AG
- 11.2.7. Novolipetsk Steel
- 11.2.8. Nippon Steel Corporation
- 11.2.9. Jiangsu Shagang Group Company Limited
- 11.2.10. Tata Steel Limited
- 11.2.11. Gerdau
- 11.2.12. Other
12. Appendix
- 12.1. Acronyms and Abbreviations
- 12.2. Research Scope & Assumptions
- 12.3. Research Methodology and Information Sources