Galvanizing Market - Forecast (2022 - 2027)

• Galvanizing market size is forecast to grow at a CAGR of 4.9% during 2022-2027. Galvanization is the process of providing abrasion resistance to the metals such as iron or steel by using a zinc coating to prevent rusting.

• Rusting reduces the overall lifespan of the metals by reducing the tensile strength and making the outer appearance unpleasant of the metal.

• Galvanization can be done through different processes such as hot-dip galvanization and electro-galvanization, which are the most common galvanizing methods.

Key Takeaways

• North America dominates the galvanizing market owing to the rising growth and increasing investments in the construction industry.

• The rise in the adoption of galvanizing technology in the transportation industry due to its non-corrosive properties is estimated to surge the market growth.

• The increasing demand for zinc coating in various industries such as the wind and solar energy industry with properties such as anti-rust and tensile strength will drive the growth of the galvanizing market in the forecast period.

Galvanizing Market Segment Analysis – By Geography

North America dominated the galvanizing market with a share of 45% in 2021, owing to the increasing building and construction activities in the countries such as the USA, Canada, and Mexico. North America region is expected to see significant growth in the market during the forecast period, with the increasing number of automobiles and construction projects and growing demand for appliances. For instance, according to World Bank Organization, the building and construction industry reached US$ 11.9 trillion in 2020, with an increase of about 4.2% from 2019. In the USA, the application of galvanizing is increasing, such as in washing machines, computer parts, air conditioning housings, hairdryers, and others.

Contact: (+1) 970-2363677

Email: sales@industryarc.com