Market Overview:
The global zinc aluminum magnesium coated steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for zinc aluminum magnesium coated steel from the architecture industry, automobile industry, electromechanics, and other industries. In terms of type, the low-aluminum Zn-Al-Mg coated steel segment is expected to lead the global zinc aluminum magnesium coated steel market during the forecast period. This can be attributed to its properties such as high corrosion resistance and durability.
Product Definition:
A zinc aluminum magnesium coated steel is a type of steel that has been coated in a layer of zinc, aluminum, and magnesium. This type of coating can provide protection against corrosion and wear.
Low-aluminum Zn-Al-Mg Coated Steel:
Low-aluminum Zn-Al-Mg coated steel is a special type of hot rolled steel with low carbon and low alloy content. It has the composition of about 68% Zn, 16% Al, 10% Mg by weight. The product is used in construction for structural applications such as beams, channels and others owing to its high strength property.
The global zinc aluminum magnesium coated steel market size was valued at USD 2.8 billion in 2016.
Medium-aluminum Zn-Al-Mg Coated Steel:
The global medium-aluminum zn-al-mg coated steel market size was valued at USD 5.5 billion in 2016 and is expected to witness a growth of 6.4% over the forecast period. The product has gained significant demand from end users, such as construction, infrastructure, automotive & transportation sectors on account of its properties including high strength and corrosion resistance along with low maintenance costs and weight as compared to conventional products including zinc coating on aluminum magnesium alloy base metal substrate.
Application Insights:
The architecture industry accounted for the largest volume share of over 30.0% in 2017. The product is widely used in residential and commercial buildings owing to its excellent corrosion resistance, high strength, and ability to impart coloration as per customer requirements. It is also less expensive than steel when compared with aluminum products such as structural composite materials or aluminum extrusions, thus promoting its use over other alternatives such as concrete or wood among others.
The automobile industry was the second-largest application segment accounting for a volume share of 29.1% in 2017 on account of increasing demand for lightweight vehicles that utilize low-alloyed magnesium metal parts due to their superior properties including weight reduction.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a revenue share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing construction activities in emerging economies such as China, India, and Japan. In addition, rising automotive production in Asia Pacific countries including India and Indonesia is also likely to boost industry growth.
The demand for zinc-coated steel products from Europe has been witnessing significant growth owing to an increase in infrastructure projects across the region which include bridges & buildings constructed using coated steel products such as Zn-Al-Mg coated structuralubes that are used for framing work applications. Increasing use of these products due their lightweight characteristics will further fuel product demand from various end users across Europe during the forecast period.
Growth Factors:
- Increasing demand from automotive and construction industries
- Growing awareness about the benefits of zinc aluminum magnesium coated steel among consumers
- Rising investments by key players in research and development activities to improve the quality of zinc aluminum magnesium coated steel products
- Proliferation of online retail platforms that offer a wide range of zinc aluminum magnesium coated steel products at competitive prices
- Growing number of manufacturing facilities for zinc aluminum magnesium coated steel across the globe
Scope Of The Report
Report Attributes
Report Details
Report Title
Zinc Aluminum Magnesium Coated Steel Market Research Report
By Type
Low-aluminum Zn-Al-Mg Coated Steel, Medium-aluminum Zn-Al-Mg Coated Steel, High-aluminum Zn-Al-Mg Coated Steel
By Application
Architecture Industry, Automobile Industry, Electromechanics, Others
By Companies
Nippon Steel Corporation, Tata Steel, Voestalpine, Salzgitter, ArcelorMittal, POSCO, Baowu Group, Cumic Steel, Haoyu Steel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Zinc Aluminum Magnesium Coated Steel Market Report Segments:
The global Zinc Aluminum Magnesium Coated Steel market is segmented on the basis of:
Types
Low-aluminum Zn-Al-Mg Coated Steel, Medium-aluminum Zn-Al-Mg Coated Steel, High-aluminum Zn-Al-Mg Coated Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Architecture Industry, Automobile Industry, Electromechanics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nippon Steel Corporation
- Tata Steel
- Voestalpine
- Salzgitter
- ArcelorMittal
- POSCO
- Baowu Group
- Cumic Steel
- Haoyu Steel
Highlights of The Zinc Aluminum Magnesium Coated Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low-aluminum Zn-Al-Mg Coated Steel
- Medium-aluminum Zn-Al-Mg Coated Steel
- High-aluminum Zn-Al-Mg Coated Steel
- By Application:
- Architecture Industry
- Automobile Industry
- Electromechanics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Zinc Aluminum Magnesium Coated Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Zinc aluminum magnesium coated steel is a type of steel that has been treated with a zinc coating to improve its corrosion resistance. The coating also helps to increase the strength and durability of the steel.
Some of the major players in the zinc aluminum magnesium coated steel market are Nippon Steel Corporation, ​Tata Steel, Voestalpine, Salzgitter, ArcelorMittal, POSCO, Baowu Group, Cumic Steel, Haoyu Steel.
The zinc aluminum magnesium coated steel market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Zinc Aluminum Magnesium Coated Steel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Zinc Aluminum Magnesium Coated Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Zinc Aluminum Magnesium Coated Steel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Zinc Aluminum Magnesium Coated Steel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Zinc Aluminum Magnesium Coated Steel Market Size & Forecast, 2020-2028
4.5.1 Zinc Aluminum Magnesium Coated Steel Market Size and Y-o-Y Growth
4.5.2 Zinc Aluminum Magnesium Coated Steel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low-aluminum Zn-Al-Mg Coated Steel
5.2.2 Medium-aluminum Zn-Al-Mg Coated Steel
5.2.3 High-aluminum Zn-Al-Mg Coated Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Architecture Industry
6.2.2 Automobile Industry
6.2.3 Electromechanics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Zinc Aluminum Magnesium Coated Steel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Zinc Aluminum Magnesium Coated Steel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low-aluminum Zn-Al-Mg Coated Steel
9.6.2 Medium-aluminum Zn-Al-Mg Coated Steel
9.6.3 High-aluminum Zn-Al-Mg Coated Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Architecture Industry
9.10.2 Automobile Industry
9.10.3 Electromechanics
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low-aluminum Zn-Al-Mg Coated Steel
10.6.2 Medium-aluminum Zn-Al-Mg Coated Steel
10.6.3 High-aluminum Zn-Al-Mg Coated Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Architecture Industry
10.10.2 Automobile Industry
10.10.3 Electromechanics
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low-aluminum Zn-Al-Mg Coated Steel
11.6.2 Medium-aluminum Zn-Al-Mg Coated Steel
11.6.3 High-aluminum Zn-Al-Mg Coated Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Architecture Industry
11.10.2 Automobile Industry
11.10.3 Electromechanics
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low-aluminum Zn-Al-Mg Coated Steel
12.6.2 Medium-aluminum Zn-Al-Mg Coated Steel
12.6.3 High-aluminum Zn-Al-Mg Coated Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Architecture Industry
12.10.2 Automobile Industry
12.10.3 Electromechanics
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low-aluminum Zn-Al-Mg Coated Steel
13.6.2 Medium-aluminum Zn-Al-Mg Coated Steel
13.6.3 High-aluminum Zn-Al-Mg Coated Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Architecture Industry
13.10.2 Automobile Industry
13.10.3 Electromechanics
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Zinc Aluminum Magnesium Coated Steel Market: Competitive Dashboard
14.2 Global Zinc Aluminum Magnesium Coated Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nippon Steel Corporation
14.3.2 Tata Steel
14.3.3 Voestalpine
14.3.4 Salzgitter
14.3.5 ArcelorMittal
14.3.6 POSCO
14.3.7 Baowu Group
14.3.8 Cumic Steel
14.3.9 Haoyu Steel
