The global hot-dip galvanized steel wire market is anticipated to grow at a considerable CAGR of 3.4% during the forecast period. The project expansion by key players to meet the growing demand for hot-dip galvanized steel wire has driven the growth of the global hot-dip galvanized steel wire market. For instance, in May 2022, The State Level Single Window Clearance Authority (SLSWCA) of Orissa has approved six industrial projects worth Rs 493.62 crores ($60 million). SLSWCA gave a nod to Jatia Steel Ltd. to set up a 2,50,000 MT TMT Rebar and 2,50,000 MT Wire rod mill in Kalinga Nagar, Jajpur district, against an investment of Rs 125 crore ($15.2 million). The committee has approved another downstream Steel unit by the Sarangi Metal Works International Private Limited to set up a Driveline & Torque Tubes-50,000 MT, Special Coated Roll form Structures- 15,000 MT, Hot Dip Galvanized Steel Structures- 25,000 MT, in Kalinga Nagar, Jajpur district against an investment of Rs 65.37 crore ($79 million).
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The demand for these wires is growing owing to their low cost and extensive capabilities. However, in June 2021, Japan has launched an anti-dumping investigation into hot-dipped galvanized steel wire imports from South Korea and China after the country’s steel product makers formally raised an issue against the cheap products from the neighboring states hurting competitiveness of the local products. Such issues faced by major countries may restrain the growth of the global hot-dip galvanized steel wire market.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Applications
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Cleveland-Cliffs Corp., Ansteel Group, JFE Steel Corp., Tata Steel, and ArcelorMittal among others
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Hot-dip Galvanized Steel Wire Market Report Segment
By Type
By Applications
Global Hot-dip Galvanized Steel Wire Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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