13-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Europe Mg-Al-Zn Coated Steel Market By Type (Thin Carbon Steel, Thick Carbon Steel, and Conventional Carbon Steel) and By Application (Automotive, Specialized Greenhouse Structures, Construction, Electric Power Communication, and Industrial Heating, Ventilation, and Air Conditioning (HVAC)): Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the Europe Mg-Al-Zn Coated Steel market is predicted to be valued at approximately USD 16 million in 2018 and is expected to reach a value of around USD 35 million by 2027, at a CAGR of around 8.7% between 2019 and 2027.
Magnesium Aluminum Zinc alloy is the most common kind of heat-treatable commercial alloy that is utilized in metallurgical coatings and structural components due to its light-weight and high corrosion resistance. In addition to this, in this alloy magnesium, aluminum, and zinc elements are available in different proportions. For instance, the proportion of magnesium in the alloy is 96%, the proportion of Aluminum is 3%, and that of zinc is 1%. The proportion of these elements may vary in the alloy. For example, the Magnesium Aluminum Zinc alloy may comprise 93% of Mg, 6% of Al, and 1% of Zn or 93.5% of Zn, 3.5% of Al, and 3% of Mg.
Browse the full “Europe Mg-Al-Zn Coated Steel Market By Type (Thin Carbon Steel, Thick Carbon Steel, and Conventional Carbon Steel) and By Application (Automotive, Specialized Greenhouse Structures, Construction, Electric Power Communication, and Industrial Heating, Ventilation, and Air Conditioning (HVAC)): Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/europe-mg-al-zn-coated-steel-market-type-190
Furthermore, Magnesium aluminum zinc alloy is also available in myriad forms including foils, rods, and other shapes. It can be availed in a variety of dimensions & sizes. Magnesium aluminum zinc coated steel is today available easily in different measurements including bulks.
Massive demand for Mg-Al-Zn coated steel in the automotive sector to boost the market growth
Large-scale use of the product in the automotive industry will pave the way for the growth of the Mg-Al-Zn coated steel market in Europe. Apart from this, massive utilization of the Mg-Al-Zn coated steel in the countries of Europe will further drive the business growth over the forecast period.
Moreover, the excellent corrosion resisting feature of the alloy is projected to create a huge demand for the product in the construction activities. Nonetheless, oscillating costs of the product will result in the stagnated growth of the market over the forecast timeframe. However, innovations in the functions of the product along with its burgeoning demand across the developing countries will encourage market trends. This will also reduce the negative impact of the hindrances on the market over the forecast timeline.
Thick carbon steel to dominate the type segment by 2027
The segmental growth during the forecast timeline is attributed to the massive demand for the thick carbon steel type across the European countries.
Automotive segment to record highest CAGR over the forecast period
The segment is predicted to register the highest growth rate of more than 5% during the period from 2019 to 2027. The growth of the segment in Europe is attributed to the massive use of Mg-Al-Zn coated steel in the automotive sector. Apart from this, the huge presence of major vehicle manufacturers in the region will further contribute towards the segmental growth during the forecast period.
UK to make major revenue contributions towards the European market by 2027
The growth of the market in the UK is attributed to lucrative product demand in various sectors across the country during the forecast period. The product has garnered immense popularity across the country as a result of its corrosion resisting features.
Report Scope
Report Attribute |
Details |
Market Size in 2018 |
USD 16 Million |
Projected Market Size in 2027 |
USD 35 Million |
CAGR Growth Rate |
8.7% CAGR |
Base Year |
2018 |
Forecast Years |
2018-2027 |
Key Market Players |
AGRANA Beteiligungs-AG, ASR GROUP, Associated British Foods plc, BayCo, Inc., TRADIN ORGANIC AGRICULTURE B.V., Wilmar International Ltd., DW Montgomery & Company, E.I.D. - Parry (India) Limited, Florida Crystals Corporation, International Sugars Inc., Louis Dreyfus Company, Pronatec AG, Raízen, Samruddhi Organic Farm (India) Private Limited, TEREOS INTERNACIONAL S.A., Cargill, Inc., and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs.Explore purchase options |
Some of the major players in the business include AGRANA Beteiligungs-AG, ASR GROUP, Associated British Foods plc, BayCo, Inc., TRADIN ORGANIC AGRICULTURE B.V., Wilmar International Ltd., DW Montgomery & Company, E.I.D. - Parry (India) Limited, Florida Crystals Corporation, International Sugars Inc., Louis Dreyfus Company, Pronatec AG, Raízen, Samruddhi Organic Farm (India) Private Limited, TEREOS INTERNACIONAL S.A., Cargill, Inc., and BioCore.
This report segments the Europe Mg-Al-Zn coated steel market as follows:
Europe Mg-Al-Zn Coated Steel Market: By Type Analysis
- Thin Carbon Steel
- Thick Carbon Steel
- Conventional Carbon Steel
Europe Mg-Al-Zn Coated Steel Market: By Application Analysis
- Automotive
- Specialized Greenhouse Structures
- Construction
- Electric Power Communication
- Industrial Heating, Ventilation, and Air Conditioning (HVAC)
Europe Mg-Al-Zn Coated Steel Market: Country-wise Segment Analysis
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com
