Lewes, DE -- (SBWIRE) -- 12/08/2016 -- Report forecast the global galvanized steel market to grow at a CAGR of 5.18% during the period 2016-2020.

Galvanization is the method of applying a protective zinc layer to steel to prevent rust and corrosion. Galvanized steel is coated with zinc to prevent corrosion of steel. Galvanized steel is used in applications such as building and construction, automotive, engineering, consumer durables, and electrical. The market is driven by the rapid industrialization in developing countries leading to increase in investments in building and construction activities.

The report covers the present scenario and the growth prospects of the global galvanized steel market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top seven vendors operating in the market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the primary drivers in the market is upgrading of existing transmission and distribution networks. Global investments in transmission and distribution infrastructure will amount approximately $8.4 trillion by 2040. Galvanized steel has wide applications such as equipment buildings, platforms, stairs, and handrails. Piping and its fittings consume massive amounts of galvanized steel in water reticulation, cooling water, and fire protections systems. In transmission towers, galvanized steel products are used in bolts and nuts, steel main frames, and cable support systems. In a coal-fired power station, galvanized steel conveyor systems are widely used for fuel supply.

Further, the report states that one major challenge in the market is excess steel production capacity. One of the major challenges in the steel market is excessive production capacity for steel manufacturers. This is transferring to overcapacity of steel available for galvanizing thus impacting the galvanized steel price negatively. With steel supply overtaking demand, the capacity utilization ratio has been 78%. This has resulted in reduced profit margins for steel manufacturers. Over the past decade (2005-2015), the steel industry has been investing in capacity expansion at a rap

Global Galvanized Steel Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global galvanized steel market: ArcelorMittal, Baosteel, Gerdau, JFE Steel, NSSMC, Nucor, and POSCO.

Other prominent vendors in the market are: AK Steel, Ansteel, Hebei Iron and Steel, Shagang Group, Tata Steel, and United States Steel (USSC).

Market driver
- Upgrading of existing transmission and distribution networks.
- For a full, detailed list, view our report

Market challenge
- Changing composition of steel by others.
- For a full, detailed list, view our report

Market trend
- Increase in use of GFRP rebars.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 72 pages and 42 Exhibits "Global Galvanized Steel Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product form, Market segmentation by end-user, Geographic segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers a.nd challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix

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