Analysts confident of significant growth in global demand for galvanized steel
Global galvanized steel market in 2023–2027 will grow by 86.6 million tons, accelerating by an average of 4.11% over the forecast period, according to a new report by the ReportLinker research group.
Increase in demand for galvanized steel will be supported by economic growth in China and India, according to analysts , the growing demand for galvanizing in the industry and increasing demand from manufacturers of prefabricated buildings.
However, the main driver of global demand for galvanizing over the next few years, according to researchers, will be the increase in the use of galvanized steel pipes in oil and gas industry.