Electrical galvanized steel is a kind of steel that has been electrically coated with zinc to protect against corrosion. It is mainly used for commercial purposes, for applications like light fixtures and office furnishings. Moreover, the electrical galvanizing process is often mentioned as zinc coated or zinc electroplated. The coating of zinc on electrical galvanized steel is normally thinner compared to hot dipped galvanized steel. Wide application of electrical galvanized steel in construction and automotive industries drives the market growth during the projection period of 2018 to 2025.
One of the major advantages of electrical galvanized steel is that it has a better quality of thickness control, which offers impressively accurate results, and also makes it ideal for producing smaller components. Electrical galvanized steel is best suitable for processes including deep drawing, and slight bending. A wide use of electro-galvanized steel is made for interior applications owing to its high-quality performance within secure environments. It has a silver/grey appearance, which makes it a suitable match for required applications. These qualities are very attractive to customers and have therefore led to a rising demand for electrical galvanized steel. In addition to this, impact steel provides a durable and strong electro-galvanized product, which makes it appropriately suited for manufacturing and construction projects. Further down, typical applications of electrical galvanized steel include exposed painted panels, non-exposed automotive panels, washing machines, door frames, switchboards, acoustic ceiling tiles, and commercial refrigerators and freezers. Moving forward, increasing urban population coupled with the high adoption rate of electrical galvanized steel in motors and transformers creates a huge demand and high growth opportunity for the global electrical galvanized steel market in the near future.
Major applications of electrical galvanized steel mentioned in the report include automotive, construction, industrial, and home appliances.The home appliances segment is further sub-segmented as washing machines, door frames, switchboards, acoustic ceiling tiles, and others.Moreover,based on typesthe market has been divided galvanized steel coil, galvanized steel tube, galvanized steel strip, galvanized steel wire, and galvanized steel sheet. The global electrical galvanized steel market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East, and Africa and Latin America.
In recent years, the North-America region is witnessing the highest market growth followed by Asia-Pacific and Europe. Increasing demand for electrical galvanized steel in automotive industries present in the United States and Canada has significantly contributed to the huge demand for this market in the North-American region. Moving forward, in Asia-Pacific, increasing urbanization and industrialization are some of the factors influencing the growth of the Asia-Pacific electrical galvanized steel market during the forecast period. Additionally, recent improvements in power efficiencies and process technology are expected to make the market in Asia-Pacific more demanding in the upcoming years.
However, high cost and limited availability of raw materials are some of the prime factors anticipated to hinder the global electrical galvanized steel market growth during the projection period of 2018-2025.
Some of the major players in the global electrical galvanized steel market
include Posco, ArcelorMittal, United States Steel (USS), Valin Steel, Bohai Steel, JFE Steel, NSSMC, JSW Steel, Essar, Dongbu Steel, and few others likely to be named.
Global Electrical Galvanized Steel Market: By Types
Global Electrical Galvanized Steel Market: By Application
Global Electrical Galvanized Steel Market: By Geography