Galvanized Steel Market Forecoast 2031

Meticulous Research® recently released a report titled “Galvanized Steel Market by Product Type, Application, and Geography – Global Forecast to 2031,” predicting that the galvanized steel market will reach $216.2 billion by 2031 with a CAGR of 9.9% from 2024 to 2031, and in volume, it is expected to hit 240.8 million tons at a CAGR of 9.2% during the same period. This growth is primarily driven by increasing infrastructure investments and heightened demand from the construction sector. However, market expansion may be hindered by fluctuations in raw material prices and the complexities of regulatory compliance. On the positive side, technological advancements in the manufacturing process are anticipated to present growth opportunities, despite the challenge of high manufacturing costs.