The Hot-Dip Galvanization Market is driven by rise in demand for hot-dip galvanization considering its low initial cost; easy availability; and high durability, sustainability, and longevity. Development in the construction industry is anticipated to offer opportunities to the Hot-Dip Galvanization Market.
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Hot-Dip Galvanization Market In-depth Research Report and End-User Analysis By 2017 - 2025
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Hot-Dip Galvanization Market - Global
Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025
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2. Global Hot-Dip Galvanization Market: Overview
Galvanization can be defined as the process of coating zinc to metals such as iron or steel to prevent the process of
rusting. Rusting not only makes the outer appearance of the metal unpleasant, but also reduces the tensile strength
of the metal, thereby affecting the overall lifespan of the metal. Galvanization can be done through different
processes. However, hot-dip galvanization and electrogalvanization are the common types. Hot-dip galvanization
helps deposit a thick layer of zinc coating on the surface of the metal, while electrogalvanization is applied when a
thin layer of zinc coating is required. Hot-dip galvanizing (HDG) is the process of dipping steel bar in a container or
kettle containing zinc in molten state. HDG metals offer several advantages such as durability, abrasion resistance,
uniform protection, and complete coverage. HDG metals are employed in a wide range of applications in industrial,
power, utility, petrochemical, and construction projects due to their unmatched durability. The coating on the surface
of the metal is uniform in design, i.e. its thickness is the same across the edges as in flat surfaces. HDG metals
maintain their corrosion resistance properties and fulfill the intended design life when exposed to UV rays, snow,
concrete, submerged in water, embedded in sand, or any other harsh environment.
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Based on furnace type, the market for hot-dip galvanization can be segmented into ceramic and steel kettle. Based
on the type of combustion system, the market can be segregated into oil, gas, and electric. In terms of end-user
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3. industry, the market for hot-dip galvanization can be divided into building & construction, automotive, electric &
electronics, and others.
The market for hot-dip galvanization is anticipated to expand significantly during the forecast period owing to the
expansion of end-user industries. Rise in demand for hot-dip galvanization considering its low initial cost; easy
availability; and high durability, sustainability, and longevity is the primary factor driving the hot-dip galvanization
market. Development in the construction industry is anticipated to offer opportunities to the hot-dip galvanization
market, as hot-dip galvanized products are used as bars, rods, and sheets in infrastructure development. Increase in
renovation activities coupled with the rise in investment in residential and commercial projects is estimated to boost
the construction industry. This, in turn, is projected to propel the hot-dip galvanization market during the forecast
period.
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Geographically, Asia Pacific held significant share of the global hot-dip galvanization market in 2015 owing to the
burgeoning construction and automotive industries. The construction industry in Asia Pacific has been expanding
due to the rise in commercial and industrial construction in developing economies such as India and China. Demand
for construction in residential and commercial sectors has been increasing owing to several factors such as rise in
per capita income and spending, GDP growth, and urbanization in several economies in Asia Pacific such as
Singapore, Malaysia, and Thailand. Thus, growth in construction activities is likely to augment the hot-dip
galvanization market in the region. Asia Pacific is followed by Europe and North America. Europe holds large share of
4. the hot-dip galvanization market due to the presence of a strong automotive industry. The hot-dip galvanization
market in Latin America is anticipated to register strong growth owing to the development in residential and
commercial construction projects in the region. Rapid infrastructural development in the Middle East & Africa is
estimated to boost the demand for construction materials, thereby driving the hot-dip galvanization market in the
region.
Major players operating in the hot-dip galvanization market are Hasco Thermic, WESTECH, GIMECO IMPIANTI SRL, C.
H. Evensen Industriovner AS, Srs Hot Dip Galvanizer, and CORROS METALS.
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