Los Angeles, CA -- (SBWIRE) -- 04/20/2019 -- 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.
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%.
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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 global Hot-dip Galvanized Steel market was 69300 million US$ in 2018 and is expected to 103100 million US$ by the end of 2025, growing at a CAGR of 5.1% between 2019 and 2025.
This report studies the Hot-dip Galvanized Steel market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Hot-dip Galvanized Steel in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Nippon Steel & Sumitomo Metal
JFE Steel Corporation
United States Steel Corporation
Youfa Steel Pipe Group
Benxi Steel Group
China Steel Corporation
JSW Steel Ltd
Valin Steel Group
By the product type, the market is primarily split into
Sheet & Strip
Pipe & Tube
Wire & Hardware
By the end users/application, this report covers the following segments
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