Hot-Dip Galvanizing Market Report Expects the Market Value of USD 125.5 BN By 2027
Posted On January 29, 2021
The Global Hot-Dip Galvanizing Market is anticipated to grow at a compound annual growth rate (CAGR ) of 5% during 2020-2027. The market will outgrow to USD 125.5 BN by 2027 as per the research conducted by Value Market Research. Hot-dip galvanizing is a galvanization process where the base metal is immersed in a bath of molten zinc. The growing demand for galvanized steel in various end-user industries due to the plethora of benefits it offers is the key driver for this market's growth. The use of galvanized steel in automotive components (fasteners), construction, utilities, industrial equipment, and solar will enable this market's development at a steady pace in the coming years. The several advantages of hot-dip galvanizing like lower cost, too long life, reliability, tougher coating, ease of inspection, faster installation, automatic protection for any damaged areas will benefit market growth. With the advent of new technologies and creative chemistries, it has evolved into a highly efficient process. The main constraints of this market are high plant setup costs and the complexity of the process.
Hot-dip galvanizing is the process of coating iron or steel with zinc by immersing it in molten zinc to produce a corrosion-resistant alloy or metal. This simple process has been used to provide long-lasting, maintenance-free corrosion protection at a reasonable cost. The three main steps involved in this process are surface preparation, galvanizing, and post-treatment. Hot-dip galvanizing is extensively used for roofing and walling, safety barriers, girders, wrought iron gates, handrails, consumer appliances, and automotive body parts. This method provides several other benefits like abrasion resistance, long maintenance-free service life, and cathodic protection.
"Global Hot-Dip Galvanizing Market Report By Furnace Type (Ceramic, Steel Kettle), By Material (Oil, Gas, Electric), By End User (Building & Construction, Automotive, Electric & Electronics, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027" report begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years. The geo-economic factors and historic hot-dip galvanizing industry trends are analysed to foresee and predict the forecasts for next six years.
On the basis of furnace type the market is segmented into Ceramic, Steel Kettle. By material the hot-dip galvanizing market is categorised as Oil, Gas, Electric. By end user the hot-dip galvanizing market is categorised as Building & Construction, Automotive, Electric & Electronics, Others. The geographical segmentation of the report highlights the share of the revenue/volume spread globally as per region and country. The study in segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
The Report Segments Global Hot-Dip Galvanizing Market -
By Furnace Type
By End User
- Building & Construction
- Electric & Electronics
- North America
- the Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
Hasco Thermic, WESTECH, GIMECO IMPIANTI SRL, C. H. Evensen Industriovner AS, Srs Hot Dip Galvanizer, and CORROS METALS
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