Hot-dip Galvanized Steel Market Report 2026

The hot-dip galvanized steel market size has grown strongly in recent years. It will grow from $52.03 billion in 2025 to $55.64 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in construction and infrastructure development, expansion of automotive manufacturing, increasing use of steel in industrial fabrication, demand for durable and low-maintenance materials, availability of cost-effective galvanizing processes.

The hot-dip galvanized steel market size is expected to see strong growth in the next few years. It will grow to $71.95 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to investment in smart infrastructure projects, rising demand for sustainable and recyclable steel, growth in electric vehicle production, expansion of industrial and utility networks, increasing focus on lifecycle cost reduction. Major trends in the forecast period include rising demand for corrosion-resistant construction materials, growing use of hot-dip galvanized steel in infrastructure projects, increasing adoption of galvanized steel in automotive body and chassis, rising preference for long-life steel in industrial applications, growing demand for galvanized pipes and tubes in utilities.

The expansion of the construction industry is expected to drive the growth of the hot-dip galvanized steel market in the coming years. The construction industry includes the planning, design, construction, and maintenance of buildings and infrastructure, covering residential, commercial, and public works projects. The industry’s growth is supported by rising urbanization, continued infrastructure development, and increasing demand for both residential and commercial properties. Hot-dip galvanized steel is widely used in construction because of its durability, resistance to corrosion, and ability to provide long-term structural strength in building frameworks, roofing, and infrastructure applications. For example, in November 2024, data from the Office for National Statistics, a UK-based government department, indicated that the value of new construction work in Great Britain grew by 4.2% in current prices in 2023, reaching a record £139,029 ($163,127.59) million. Therefore, the expansion of the construction industry is contributing to the growth of the hot-dip galvanized steel market.

Major companies in the hot-dip galvanized steel market are concentrating on developing innovative products, such as color-coated steel, to improve aesthetic appeal and corrosion resistance. Color-coated steel refers to steel sheets that are coated with a layer of paint or polymer for both protective and decorative purposes. This coating process enhances the steel's durability, increases its resistance to corrosion, and improves its overall appearance, making it suitable for various applications in construction and manufacturing. For example, in August 2024, ArcelorMittal Nippon Steel India, an integrated flat carbon steel manufacturer based in India, launched Optigal, a premium brand of color-coated steel featuring a unique Zinc-Aluminium-Magnesium (ZAM) metallic coating. Optigal is linked to hot-dip galvanized steel and is produced by hot-dip coating steel strips in a bath containing a Zinc-Aluminium-Magnesium (ZAM) alloy. This innovative process enhances the corrosion resistance and durability of the steel, making it ideal for a wide range of applications in construction and architecture.

In March 2023, V&S Galvanizing, a US-based steel company, acquired Korns Galvanizing Company Inc. for an undisclosed amount. This acquisition significantly enhances V&S Galvanizing's regional presence, service capabilities, and market position in the Eastern US hot-dip galvanizing industry. Korns Galvanizing Company Inc. is a US-based firm specializing in hot-dip galvanized steel.

Major companies operating in the hot-dip galvanized steel market report are ArcelorMittal SA, Posco Co. Ltd., Nippon Steel Corporation, ThyssenKrupp AG, Nucor Corporation, JFE Steel Corporation, Steel Dynamics Inc., JSW Steel Limited, Ternium S.A, NLMK Group, Salzgitter AG, Commercial Metals Company (CMC), Liberty Steel Group, BlueScope Steel Limited, Shandong Baowu Steel Group Co Ltd, Ruukki Construction, Zekelman Industries, CSC Steel Holdings Berhad, Tata Steel Processing & Distribution Ltd, voestalpine Metsec plc., Outokumpu Oyj, Rizhao Steel Holding Group, Benxi Iron & Steel (Group) Co Ltd.

North America was the largest region in the hot-dip galvanized steel market in 2025. The regions covered in the hot-dip galvanized steel market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hot-dip galvanized steel market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hot-dip galvanized steel market consists of sales of guardrails, fencing, structural steel beams, electrical poles, scaffolding, steel siding, gutters, and downspouts. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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