2026 Galvanized Sheet Market Analysis: Split in Domestic Demand
accounted for 47.9% of total new auto sales, indicating a significant shift towards electric vehicles. This expansion of the auto market drove continued growth in demand for automotive galvanized sheet. Additionally, the home appliance market experienced improved demand, bolstered by subsidy policies like trade-in programs. Production of washing machines and sales of refrigerators and air conditioners saw a noticeable increase, showing a positive trend in galvanized sheet consumption for the year.
As we look forward to 2026, the outlook for the galvanized sheet market remains positive. Although the real estate and construction sectors continue to struggle, with construction activities maintaining negative growth rates and putting pressure on galvanized sheet demand, the home appliance market is expected to expand further. Supported by rising export ratios and domestic consumption policies, the production and sales of home appliances in China are anticipated to continue growing in the years to come. However, the automotive market presents a mixed picture as the share of NEVs continues to rise. Despite this growth, the consumption of galvanized sheet per NEV is lower compared to internal combustion engine vehicles due to lightweighting requirements. Consequently, the growth rate of the automotive galvanized sheet market is expected to slow down gradually.
In terms of exports, the demand for galvanized sheet in Southeast Asia and Belt and Road Initiative countries has been driving growth. From January to November 2025, cumulative galvanized sheet exports increased by 10.38% year on year, showcasing a significant uptrend. The implementation of export license management for certain steel products by the Ministry of Commerce and the General Administration of Customs is expected to streamline export operations. While the low-value-added orders and questionable practices involving forging or purchasing of customs clearance documents from third parties may diminish due to tighter regulations, the demand for galvanized sheet in overseas countries is expected to continue growing.
In conclusion, the galvanized sheet market is poised for continued growth in 2026, driven by export consumption and a growing demand for home appliances. Despite challenges in the real estate and construction sectors, opportunities in the automotive and export markets present avenues for expansion. Continued vigilance against trade barriers and regulatory risks will be essential to navigate the evolving landscape of the galvanized sheet industry.