August 11, 2023 08:00 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Wilmington, Delaware, United States, Transparency Market Research Inc. - The global galvanized steel coil market is projected to flourish at a CAGR of 5.0% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 38.2 billion is anticipated for the market in 2031. As of 2023, the market for galvanized steel coil is expected to close at US$ 24.8 billion. Metal Floor Deck Roll Forming Machine
Rapid urbanization and growth in construction industries globally with an increase in the need for new residential properties, apartments, and commercial complexes primarily drive the galvanized steel coil business growth as galvanized steel coils are used in various construction applications, such as roofing, wall panels, structural framing, and more.
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The galvanized steel coil market is highly fragmented with the presence of several local and global players. The leading players in the market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global galvanized steel coil market report
Key Developments in the Galvanized Steel Coil Market
The increasing government investments in infrastructure projects, such as roads, bridges, railways, and public utilities, are also expected to drive the demand for galvanized steel coils. The increasing application in manufacturing industries, including machinery, appliances, and equipment production, due to galvanized steel coils for their corrosion-resistant properties, boosts the market growth.
Key Takeaways from the Market Study
Galvanized Steel Coil Market: Key Trends and Opportunistic Frontiers
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Galvanized Steel Coil Market – Regional Analysis
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