Sunday, January 29, 2023

Email id:, Contact Us : +91-9871552944

Home Manufacturing And Construction Construction Materials Rapid Growth of Electronic Industry Expected to Drive Global Galvanized Steel Strip...

Rapid Growth of Electronic Industry Expected to Drive Global Galvanized Steel Strip Market over the Forecast Period: Ken Research

Galvanized steel strip is a form of steel strip that is corrosion resistant & rust-free. It is manufactured by a specific process called galvanization. It comprises applying a protective coating of zinc to prevent rusting or corrosion. It is highly preferred in several constructional purposes such as residential and commercial buildings. The key features are included Fine edges, impeccable finish and Durable.

According to study, “Global Galvanized Steel Strip Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global galvanized steel strip market areArcelorMittal, United States Steel (USS), NSSMC, ThyssenKrupp, POSCO, Rautaruukki, Nucor, Wuhan Iron and Steel, JFE Steel, Shandong Iron & Steel, Severstal, Shagang Group, JSW Steel, Shougang Group, Essar, Dongkuk Steel, Baosteel, Dongbu Steel, Ansteel, Valin Steel, Ma Steel, Kerui Steel, Bohai Steel, CSC. Manufacturers are steadily focusing on product development in the emerging markets as there are many opportunities to expand & increase their market share globally.

Based on type, galvanized steel strip market is segmented into the electrical galvanized strip, hot-dip galvanized strip and others. The electrical galvanized steel strip is a kind of strip that has been electrically coated with zinc to protect against corrosion and used for commercial purposes like light fixtures and office furnishings. Hot-dip galvanized strip segment dominates the market owing to the rise in use in automobile structures such as the wheel, frames, and other parts as well as welding and construction trades among others. In addition, based on application, market is segmented into construction, automotive, home appliance, general industrial and others. The home appliances segment is further sub-segmented into door frames, switchboards, washing machines, acoustic ceiling tiles, and others.

The galvanized steel strip market is driven by the rapid growth of the electronics industry, followed by a rise in need for workers’ safety in volatile &electric environment, recent improvements in power efficiencies & process technology, increase in application in manufacturing of home appliances & the agricultural building, lowered the price of zinc, rise in per capita income, increase in renovation activities skilled & cost-effective labor, easy availability of raw materials and increase in benefits, for instance, electrical and shock resistance. However high cost and limited availability of raw materials may impact the market. Moreover, the increase in demand for galvanized steel in emerging markets along with various technological needs is a key opportunity for the market.

Based on geography, the Asian-Pacific is a leading region in global galvanized steel strip market owing to the increase in building & construction industry and reduced or the low maintenance costs in the region. Whereas, the European and North-American regions are anticipated to exhibit considerable growth rate due to widespread application across laboratories, high-tech manufacturing, utility plants, hospitals, and car manufacturing over the forecast period. In upcoming years, it is estimated that the future of the market will be bright as a result of investments in construction and infrastructural projects by the governments in the developing nations during the forecast period.

For More Information, Click On The Link Below:-

Global Galvanized Steel Strip Market

Related Reports:-

Galvanized Steel Strip Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global Galvanized Steel Strip Market Analysis 2013-2018 and Forecast 2019-2024

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications



Tech Innovation introduced by JLL KSA is transforming the Real Estate Services Market in the Kingdom: Ken Research

Buy Now Technology is being embraced by JLL to meet the needs of their clients today and anticipate the opportunities of tomorrow. Their commitment to...

Vietnam Construction Chemical market revenue is expected to get doubled by 2027F with a CAGR of ~11.9% between 2022E-2027F owing to rapid urbanization, increasing...

Buy Now Vietnam Construction Chemical Industry is a moderately fragmented market with the presence of local as well as international brands in the market. Currently,...

Global Refractories Market Outlook 2028: Ken Research

Buy Now Global Refractories market by end-user The global Refractories market has been segmented on the basis of End-User into Iron & Steel, Energy & Chemicals,...

Most Popular

Global Mental Wellness Industry is growing at a CAGR of ~6% during 2022-2028: Ken Research

Buy Now Global Mental Wellness Market by Age Group The Global Mental Wellness market is segmented by Age group into Adult, Geriatric and Teenager. The adult segment...

Global Mental Wellness Market is expected to reach a market size of ~US$ 150 billion by 2028: Ken Research

Buy Now What is the Size of Global Mental Wellness Industry? Global Mental Wellness market is growing at a CAGR of ~% in 2017-2022 and is...

Rising demand of personal vehicles with increasing population and future expansion strategies of market players to drive the Lubricants Market in Philippines: Ken Research

Buy Now Philippines Lubricants Market Ecosystem The Philippines lubricants market is fragmented with too many lubricant manufacturers operating in the industry. Petron and Shell are the...

Dossier 360, Provides You Unrestricted Access to All Bundled Research Reports: Ken Research

Ken Research is one of the best market research and consulting firm, based out of India, UAE, and Indonesia. We recommend business intelligence and...