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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.

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 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.

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 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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Hot Dip Galvanization Market