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A electro galvinizing is a process which is mainly used on steel to increase its joining and forming capabilities and elevate its corrosion resistance by applying an uniform zinc coating with a substantial thickness control. Better and effective thickness control aids the consumers in having more accurate and precise results. As a result, electrogalvanized steel is often preffered as a raw material for the manufacturing of smaller components. Electro galvanized steel can find its applications across diverse industry verticals. Some of the prominent industries where electro galvanized steel find its application are consumer electronics, automotive, construction industry and telecommunication.
Electro galvanizing have superior capabilities than the hot dipped products when it comes to slight bending and deep drawing operations. The impressive capabilities to provide supreme performance in unexposed enviorments is bolstering its demand across diverse applications. Additionally, electro galvanized metal products are more durable and have a vibrant and shinier surface as compared to its hot dipped counterparts. These steel poses uniform thickness and this uniformity help products to have more robust joining and forming operations. Due to the rust resistant zinc coating the electro galvanized steel also exhibit remarkable anti resistant properties making its application suitable even in damp and moist atmosphere.
However, the COVID-19 pandemic has curbed the growth of electro galvanizing market across various regions. The serve disruption and in some regions complete breakdown of supply chain halted the operations and sales activities in the market. Additionally, social distancing restrictions and nationwide lockdowns enforced brief closure on the manufacturing facilities which impacted the manufacturing of electrogalvanized metals.
Even after the easing of the restrictions, the market participants need to operate manufacturing facilities with minimal workforce and need to comply with health and safety regulations suggested by health authorities. For instance, since the outbreak of the COVID 19 pandemic, AZZ Inc. is operating in guidance with CDC compliance and has increased sterlization and cleaning operations at their facilities. This in turn, increased operational downtime and has reduced the rate of production across the facilties.
Key Market Driver -
• Development of customer specified grades of electro galvanized steel • Increasing application in manufacturing of small unexposed electric parts
Key Market Restraint -
• Short serving life span of electro galvanized wires
Key players operating in the global electro galvanizing market are Tata Steel, Maneklal Global Exports, Nippon Steel Corporation, JFE Holdings Inc., POSCO, Parker Steel, GIMECO IMPIANTI SRL, ANDRITZ, Baosteel, Nucor, ArcelorMittal, Gerdau, NSSMC, Hasco Thermic, Jenco Group, Hyundai-steel, Concord, Youfa, WISCO, and others.
North America is expected to hold a lion’s share in the global electro galvanizing market. The extensive demand of electrogalvanized steel in automotive and consumer electronics manufacturing across the manufacturing facilties in U.S. is providing promising upsurge to the market. The ability of electro galvanized steel to operated efficiently in moist conditions is also encouraging growth in the regional market.
The electro galvanizing market in Asia Pacific is estimated to witness prominent pace of market growth, the established automotive manufacturing clustures across the markets of China and Japan in increasing appliation of galvanized steel in the automotive component manufacturing segment. Commandable steel manufacturing in the region is prompting massive market development. Additionally, the growing demand for pump control panels in agricultural applications such as irrigation, chemical injection, dairy farms and horticulture is anticipated to drive the market in the forecast period.
Europe shows strong market growth owing to, increasing demand for electro galvanizing specially in the countries like Germany and UK. Strong presence of numerrous market players in the Europe region can cement the development of the market in the said region. The telecommunication and consumer electronics can be identified as the prominent segment boosting the electro galvanizing market
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