Made of zinc (Zn), aluminum (Al), and magnesium (Mg) cured at high temperature, the aluminum-magnesium alloy coating of galvanized steel sheet has excellent corrosion resistance for it is composed of Zn, Al and Zn2Mg, forming a dense barrier on the surface of steel, effectively preventing corrosion factors from passing through, which is 10 ~ 20 times that of hot-dip galvanized steel sheet and 5 ~ 8 times that of hot-dip galvanized aluminum (5%) alloy steel sheet. It can replace hot dip galvanized products, thus simplifying the manufacturing process for customers. A protective coating can be formed on the surface of hot dip galvanized steel sheet. However, the coating is thick, and corrosion protection factors such as water and oxygen are easy to cause the film to be corroded. However, because the coating of Mg-Al-Zinc coated steel sheet has Al-Mg composition, with the passage of time, a high-density coating is formed on the surface where the coating is attached to protect and effectively prevent corrosion, so that the corrosion resistance can be stable. Secondly, Mg-Al-Zinc coated steel sheet has better scratch resistance than ordinary hot dip galvanized steel sheet. Therefore, Mg-Al-Zinc coated steel sheet can be called a resource-saving and environment-friendly product, which meets the requirements of environmental protection laws and regulations such as RoHS and ELV.
Mg-Al-Zinc coated carbon steel can be divided into four types according to the thickness of the material: thin (0.2-1.2 mm), conventional (1.21-2 mm), thick (2.1-4 mm), and special. Among them, the thin model has a complicated manufacturing process and a higher price; the conventional model is widely used and is more popular with the public, accounting for about half of the market share. The survey results show that 50.78% of the MA-AL-Zinc coated carbon steel market in 2016 is conventional.
Mg-Al-Zinc coated carbon steel has a wide range of applications, whether in the construction industry, or in energy, chemical, automotive and agriculture. It can be used to make building surface materials and bridge railings, solar cell module frames, chemical pipes and towers, auto parts, chicken coop roofs, cable racks and hydrant cabinets, etc. In recent years, the scale of development and utilization of solar energy has expanded rapidly, and Mg-Al-Zinc coated carbon steel is the most widely used in the field of solar energy, accounting for 32.58% of the market share in 2016.
Prospect Analysis of Mg-Al-Zinc Coated Carbon Steel Industry in Various Regions
The global Mg-Al-Zinc coated carbon steel market is an emerging market, which is still in the development stage. Its output has increased from 1,278.0 kilotons in 2012 to 3,597.5 kilotons in 2016, with a compound annual growth rate of 29.53%. With the development of corrosion-resistant special steel industry, the market will grow rapidly.
At present, the industry is highly concentrated, and a few large enterprises occupy this market. Mg-Al-Zinc coated carbon steel companies in the world are mainly concentrated in Asia-Pacific and Europe, and raw materials are also concentrated in these regions. In 2016, market leaders NSSMC, NISSHIN and ArcelorMittal accounted for more than 61.30% of the global market share, with 13.78%, 33.07% and 14.45% respectively.
In terms of regions, North America, Europe, China, Japan, India, South America, the Middle East and Africa accounted for 8.57%, 36.69%, 1.28%, 43.10%, 2.20%, 1.85% and 1.16% of the global market revenue of Mg-Al-Zinc coated carbon steel industry respectively in 2016.
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It can be seen that Japan is the largest revenue market, leading the development of the global Mg-Al-Zinc coated carbon steel market, with strong technical strength and high industrial concentration, but the downstream market is relatively weak, so its products are mainly used for export. In Europe, the governments of Germany, Britain and Denmark have strongly supported and even started to provide financial subsidies to encourage the development of Mg-Al-Zinc coated carbon steel market. Therefore, the European Mg-Al-Zinc coated carbon steel industry ranks second in the global market revenue share table in 2016. In North America, with concentrated technology, the governments of the United States, Canada and other countries also strongly supports the industry, which has brought about the prosperity and development of the country. However, the labor cost and product price in this region are high, and it is difficult for new enterprises to enter the local market. There are few well-known local enterprises in China, and the whole market needs to be developed. At the same time, the government began to encourage the construction of chemical industry, construction, new energy and related infrastructure. In addition, multinational companies began to cooperate with local enterprises and local governments to take advantage of local related resources, which will promote the rapid growth of Mg-Al-Zinc coated carbon steel market in China.
Strong Downstream Development of Mg-Al-Zinc Coated Carbon Steel Market
The world economy is recovering, and digital technology is a key contributor to change, which is creating new opportunities for the steel industry. After nearly two years of financial crisis and economic slowdown, the global steel industry is undergoing major changes. The economic downturn highlights that global demand growth is accelerating the shift from developed economies to developing countries.
In the consumer market, global consumption growth is relatively stable. East Asia and Europe are still the main consumption regions because of the vast downstream markets such as construction, energy, chemicals, automobiles, and agriculture in these regions. With the economic development and the gradual recovery of the construction and automobile industries, the Mg-Al-Zinc coated carbon steel market will continue to grow steadily in the future.
In 2012, the global market value of Mg-Al-Zinc coated carbon steel industry was US $1,858.76 million. We predict that by 2022, the global market value of Mg-Al-Zinc coated carbon steel is expected to reach about US $144,21.75 million from US $4,572.66 million in 2016, with a compound annual growth rate of 21.10%.
With the rapid development of construction, automobile and new energy industries in emerging markets such as Europe and North America, industry competition will intensify, and the slow downward trend in recent years will continue in the future. In addition, as far as price is concerned, the price gap between different brands will gradually narrow, the gross profit margin will fluctuate, and the mergers and acquisitions and cooperation of various enterprises will become more obvious.
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