Hot-Dip Galvanized Steel Wire Market
Hot-Dip Galvanized Steel Wire Market Size, Share & Trends Analysis Report by Type (Pure Zinc, Zinc Alloy), by Application (Construction, Home Appliance, Automotive, Other (General Industrial)) Forecast Period (2022-2030) Update Available - Forecast 2024-2030
Hot-dip galvanized steel wire market is anticipated to grow at a considerable CAGR of 3.4% during the forecast period. The high demand for hot-dip galvanized steel wire is a key factor driving the growth of the global hot-dip galvanized steel wire market. Galvanized steel wire is one of the most common steel wires owing to its long durability and the fact that it combines the strength and formability of steel wire with the corrosion resistance of a zinc-iron coating. The zinc acts as a protection layer to the base metal and ensures the quality of the steel wire remains intact. Galvanized steel wire has great strength, formability, and recycling potential, thus acts as a versatile material. It is used in a wide range of projects and industries ranging from agriculture to construction.
Galvanized steel wire is commonly used in pre-engineered buildings, particularly for roofing. The rapid expansion of the online retail business has resulted in a surge in warehouse development in developing nations such as India and China. The usage of these wires in the development of these warehouses is anticipated to hike their market demand. Paper and pulp, chemicals and petrochemicals, automotive, energy, and construction are some of the key industries that use hot-dip galvanized steel wire products.. Governments in numerous developing countries are concentrating on infrastructure development, which has increased the demand for galvanized steel wire. This is a major factor in the growth of the hot-dip galvanized steel wire industry. Low-cost of these wires has made them suitable for use in a variety of construction projects, including residential and commercial structures. The increasing awareness and popularity of hot-dip galvanized steel wire in the building & construction industry is a key factor boosting the expansion of the hot-dip galvanized steel wire market.
Segmental Outlook
The global hot-dip galvanized steel wire market is segmented based on type and applications. Based on type the market is bifurcated into pure zinc and zinc alloy. Pure zinc held major share in the market based on hot-dip galvanized steel wire market. The lowered price of zinc is playing a vital role in driving the high share of this market segment. Based on applications, the market is segmented into construction, home appliance, automotive, and other (general industrial). Based on application, construction held largest share in hot-dip galvanized steel wire in 2022. These wires are actively used at construction site to bind or ball materials to prevent them from falling due to overbalance. Rapid industrialization coupled with increasing population has led to an increasing demand for construction industry.
Regional Outlooks
The global hot-dip galvanized steel wire market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The European region is anticipated to grow at a considerable rate owing to the rising construction projects in the region as a result of rapid urbanization is boosting the market growth of the hot-dip galvanized steel wire. Moreover, the increase in the urban population results in more expansion of buildings, and apartments on the outskirts of the cities. For instance, as per Eurostat, the population of EU in 2022 was 446.8 million inhabitants. Hence, owing to rising population, coupled with surge in construction activity leads to the growth in the demand of hot-dip galvanized steel wire.
Global Hot-Dip Galvanized Steel Wire Market Growth, by Region 2023-2030
Asia-Pacific held considerable share in the hot-dip galvanized steel wire market
Asia-Pacific market held considerable share in the hot-dip galvanized steel wire market in 2022. The regional growth is attributed to the development of new metro rail projects and the repair and upgrading of highway and railway bridges. Emerging economies such as India and China, are witnessing an increasing number of residential construction projects, which are likely to create significant demand for hot-dip galvanized steel wires. China is estimated to accumulate huge revenues in the market owing to the rising steel wire production in the country due to rising domestic demand along with rising export practices, where the top exporting countries are South Korea followed by Vietnam and Thailand. Additionally, rising disposable income and the presence of key manufacturers in the region are further contributing to the regional market growth.
Market Players Outlook
The major market player of the hot-dip galvanized steel wire market includes Cleveland-Cliffs Corp., Ansteel Group, JFE Steel Corp., Tata Steel, and ArcelorMittal among others. These players are actively adopting growth strategies such as mergers and acquisitions, partnerships, collaboration and agreements to improve their dominance among competitors.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global hot-dip galvanized steel wire market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Cleveland-Cliffs Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Ansteel Group
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. JFE Steel Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Tata Steel
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. ArcelorMittal
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Hot-dip Galvanized Steel Wire Market by Type
4.1.1. Pure Zinc
4.1.2. Zinc Alloy
4.2. Global Hot-dip Galvanized Steel Wire Market by Applications
4.2.1. Construction
4.2.2. Home Appliance
4.2.3. Automotive
4.2.4. Other (General Industrial)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AK Steel Holdings Corp.
6.2. Alro Steel Corp.
6.3. China Baowu Steel Group Corp., Ltd.
6.4. Davis Steel & Iron Co Inc.
6.5. King Steel Corp.
6.6. Nippon Steel Corp.
6.7. O'Neal Steel
6.8. Shanxi Yuci Broad Wire Products Co., Ltd.
6.9. Systematic Group
6.10. United States Steel Corp.
1. GLOBAL HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY TYPE,2022-2030 ($ MILLION)
2. GLOBAL PURE ZINC HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL ZINC ALLOY HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS,2022-2030 ($ MILLION)
5. GLOBAL HOT-DIP GALVANIZED STEEL WIRE FOR CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBALHOT-DIP GALVANIZED STEEL WIRE FOR HOME APPLIANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL HOT-DIP GALVANIZED STEEL WIRE FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL HOT-DIP GALVANIZED STEEL WIRE FOR OTHER (GENERAL INDUSTRIAL) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. NORTH AMERICAN HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
11. NORTH AMERICAN HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
12. NORTH AMERICAN HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2022-2030 ($ MILLION)
13. EUROPEAN HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
14. EUROPEAN HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
15. EUROPEAN HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2022-2030 ($ MILLION)
16. ASIA-PACIFIC HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
17. ASIA-PACIFIC HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
18. ASIA-PACIFIC HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2022-2030 ($ MILLION)
19. REST OF THE WORLD HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. REST OF THE WORLD HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
21. REST OF THE WORLD HOT-DIP GALVANIZED STEEL WIRE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2022-2030 ($ MILLION)
1. GLOBAL HOT-DIP GALVANIZED STEEL WIRE MARKET SHARE BY TYPE, 2022 VS 2030(%)
2. GLOBAL PURE ZINC HOT-DIP GALVANIZED STEEL WIRE MARKET SHARE BY REGION, 2022 VS 2030(%)
3. GLOBAL ZINC ALLOY HOT-DIP GALVANIZED STEEL WIRE MARKET SHARE BY REGION, 2022 VS 2030(%)
4. GLOBAL HOT-DIP GALVANIZED STEEL WIRE MARKET SHARE BY APPLICATIONS, 2022 VS 2030(%)
5. GLOBAL HOT-DIP GALVANIZED STEEL WIRE FOR CONSTRUCTION MARKET SHARE BY REGION, 2022 VS 2030(%)
6. GLOBAL HOT-DIP GALVANIZED STEEL WIRE FOR HOME APPLIANCE MARKET SHARE BY REGION, 2022 VS 2030(%)
7. GLOBAL HOT-DIP GALVANIZED STEEL WIRE FOR AUTOMOTIVE MARKET SHARE BY REGION, 2022 VS 2030(%)
8. GLOBAL HOT-DIP GALVANIZED STEEL WIRE FOR OTHER (GENERAL INDUSTRIAL) MARKET SHARE BY REGION, 2022 VS 2030(%)
9. GLOBAL HOT-DIP GALVANIZED STEEL WIRE MARKET SHARE BY REGION, 2022 VS 2030(%)
10. US HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
11. CANADA HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
12. UK HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
13. FRANCE HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
14. GERMANY HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
15. ITALY HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
16. SPAIN HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
17. REST OF EUROPE HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
18. INDIA HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
19. CHINA HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
20. JAPAN HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
21. SOUTH KOREA HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
22. REST OF ASIA-PACIFIC HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
23. REST OF THE WORLD HOT-DIP GALVANIZED STEEL WIRE MARKET SIZE, 2022-2030 ($ MILLION)
