India Corrugated Galvanised Steel Market (2025-2031) Outlook | Value, Analysis, Revenue, Trends, Forecast, Share, Growth, Industry, Companies & Size

India Corrugated Galvanised Steel? Market Synopsis

India corrugated galvanized steel market is expected to reach USD 2.3 billion by 2022, growing at a CAGR of 8%. The growth in this sector can be attributed primarily to increasing demand from end-use industries such as construction, automotive and packaging. Application wise, roofing has been dominating this segment with over 45% share in terms of volume in 2015; owing to its cost effectiveness and easy installation process. In terms of geography, Western India accounted for more than 35% share in 2015 mainly due to presence of large number of manufacturing units located in Gujarat and Maharashtra region. Major players operating in this segment include Tata Steel Ltd., JSW Group, Essar Steel India Ltd., Bhushan Steel Limited etc.; all making significant investments towards expanding their production capacities so as to cater the rising demand from various end user industries across India.

Market Drivers of the market

The India corrugated galvanised steel market is primarily driven by the construction and roofing industries. Corrugated galvanised steel sheets are widely used in roofing and cladding applications due to their durability and weather resistance. The growth of the construction and infrastructure sectors in India has resulted in an increased demand for corrugated galvanised steel sheets. Moreover, the focus on affordable housing and rural development further contributes to the market`s expansion.

Challenges of the Market

The India corrugated galvanised steel market faces various challenges that influence its growth and performance. One of the significant challenges is the rising competition from alternative roofing materials. While corrugated galvanised steel has been a popular choice for roofing due to its durability and cost-effectiveness, other materials such as concrete, fiber cement, and synthetic roofing solutions have gained traction. The preference for these materials in certain applications can pose a challenge to the corrugated galvanised steel market. Moreover, the market faces challenges related to the maintenance and longevity of galvanised steel roofs. Over time, galvanised steel roofs may require maintenance and recoating to maintain their protective properties. Ensuring proper maintenance practices and educating consumers about the longevity of galvanised steel roofs can be crucial for sustaining market demand. Additionally, fluctuations in raw material prices can impact the corrugated galvanised steel market. Galvanised steel production involves zinc coating, and fluctuations in zinc prices can affect the overall production costs and profitability of manufacturers. The market`s vulnerability to price fluctuations in raw materials requires manufacturers to adopt strategies for cost control and efficiency.

Covid-19 Impact on the Market

The India corrugated galvanised steel market faced challenges during the COVID-19 pandemic. The construction sector, which is a major consumer of corrugated galvanised steel for roofing and cladding applications, was impacted by the lockdowns and restrictions. Reduced construction activities and delayed projects affected the demand for corrugated galvanised steel. Additionally, supply chain disruptions led to difficulties in obtaining raw materials and maintaining production. However, with the gradual reopening of the economy and the government`s emphasis on infrastructure development, the market started to witness a recovery. The demand for affordable housing and rural development projects also provided opportunities for the market to regain momentum.

Key Players of the Market

The India corrugated galvanised steel market is driven by several key players that contribute significantly to the industry`s growth and competitiveness. Companies such as Tata Steel, JSW Steel, Bhushan Steel Limited, and Essar Steel are among the major players. These companies offer a diverse range of corrugated galvanised steel products used in roofing and cladding applications in the construction sector. Their strong manufacturing capabilities, adherence to quality standards, and customer-centric approach have earned them a significant market share. Additionally, these key players actively collaborate with builders, architects, and contractors to provide tailored solutions and maintain a strong presence in the market.

Key Highlights of the Report:

• India Corrugated Galvanised Steel Market Outlook
• Market Size of India Corrugated Galvanised Steel Market, 2024
• Forecast of India Corrugated Galvanised Steel Market, 2031
• Historical Data and Forecast of India Corrugated Galvanised Steel Revenues & Volume for the Period 2021-2031
• India Corrugated Galvanised Steel Market Trend Evolution
• India Corrugated Galvanised Steel Market Drivers and Challenges
• India Corrugated Galvanised Steel Price Trends
• India Corrugated Galvanised Steel Porter's Five Forces
• India Corrugated Galvanised Steel Industry Life Cycle
• Historical Data and Forecast of India Corrugated Galvanised Steel Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of India Corrugated Galvanised Steel Market Revenues & Volume By Coils for the Period 2021-2031
• Historical Data and Forecast of India Corrugated Galvanised Steel Market Revenues & Volume By Sheets for the Period 2021-2031
• Historical Data and Forecast of India Corrugated Galvanised Steel Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of India Corrugated Galvanised Steel Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Corrugated Galvanised Steel Market Revenues & Volume By Construction for the Period 2021-2031
• Historical Data and Forecast of India Corrugated Galvanised Steel Market Revenues & Volume By Industrial for the Period 2021-2031
• Historical Data and Forecast of India Corrugated Galvanised Steel Market Revenues & Volume By Others for the Period 2021-2031
• India Corrugated Galvanised Steel Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• India Corrugated Galvanised Steel Top Companies Market Share
• India Corrugated Galvanised Steel Competitive Benchmarking By Technical and Operational Parameters
• India Corrugated Galvanised Steel Company Profiles
• India Corrugated Galvanised Steel Key Strategic Recommendations