Meticulous Research®–
leading global market research company published a research report titled “Southeast
Asia Galvanized Steel Market by Product (Hot-dip galvanizing (Zinc Coating, Zinc Aluminum Coating),
Electroplating Steel (Zinc electroplating, Nickel plating), and Application
(Building & Construction, Automotive, White Goods)- Forecast to 2025”. According to this latest publication from Meticulous Research®, Southeast
Asia galvanized steel market is expected to grow at a CAGR of 7.2% from 2019 to
reach $17.02 billion by 2025. The high growth of galvanized steel market
in the region is mainly attributed to increasing infrastructure development and
public spending by the governments of different countries in the region. In
addition, emerging automobile industry and urbanization of the region offer
significant growth opportunities for the players operating in this market.
However, underutilized production capacity of steel, dumping of Chinese
steel, and use of outdated induction furnaces of China for production of
steel are the key factors expected to hinder the growth of galvanized
steel market in this region.
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| Southeast Asia Galvanized Steel Market |
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Southeast Asia galvanized steel
market study presents historical market data in terms of values (2017 and
2018), estimated current data (2019), and forecasts for 2025-by product
(hot-dipped galvanized steel, and electro-galvanized steel), and application (building
& construction, automotive, white goods, shipbuilding, and other
applications). The study also evaluates industry competitors and analyzes
the market at a country level.
Based on product, the hot-dipped
galvanized steel segment accounted for the largest share of this market in
2018. The large share of this segment is mainly attributed to the cost
effectiveness, low life-cycle cost, durability, longevity, sustainability, and
simplicity of the manufacturing process. Among hot-dipped galvanized steel segment,
the zinc-aluminum-silicon coated steel segment is projected to grow at the
highest CAGR during the forecast period. The high growth of this segment can be
attributed to the rising requirements of light weight and high strength
material for automotive and structural applications.
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Based on application, building &
construction accounted for the largest share of the Southeast Asia galvanized
steel market in 2018. Increase in public spending by the governments of
different countries in the region to develop world-class infrastructure is
ensuring faster and smoother movement of goods and human capital across the
region. On the other hand, white goods segment is expected to grow at the
highest CAGR in the forecast period.
This research report analyzes major
countries in the region and provides comprehensive analysis for Indonesia,
Vietnam, Thailand, Malaysia, Philippines, Singapore, and RoSEA. Thailand
commanded the largest share of Southeast Asia galvanized steel market in 2018,
followed by Vietnam and Indonesia. The large share of this country is mainly attributed
to its market leading position in the production of automotive and white goods
in the region. Moreover, big-ticket projects like the Eastern Economic
Corridor, high-speed rail network, and U-Tapao aviation city are driving the
infrastructural development in the country, which in turn is, fueling the
growth of galvanized steel market. However, Indonesia is expected to grow at a
higher CAGR during the forecast period, driven by growing infrastructure
projects, manufacturing sector, and automotive industry.
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https://www.meticulousresearch.com/product/southeast-asia-galvanized-steel-market-5019/
The major players operating in Southeast
Asia galvanized steel market are Nippon
Steel Corporation (Japan), POSCO (South Korea), JFE Holdings Inc. (Japan), NS
BlueScope Steel Ltd. (Australia), Essar Steel India Ltd. (India), Hoa Phat
Group (Vietnam), Hoa Sen Steel Ltd. (Vietnam), Dongkuk Steel Mill Co. Ltd.
(South Korea), FiW Steel Sdn. Bhd. (Malaysia), JTL Infra Ltd. (India), Chinh
Dai Industrial Co. Ltd. (Vietnam), and Galvaco Industries Sdn. Bhd.
(Malaysia) among others.
Key questions answered in the report-
- Which are the high
growth market segments in terms of product, application, and countries?
- What was the
historical market for galvanized steel in Southeast Asia?
- What are the market
forecasts and estimates for the period 2019-2025?
- What are the major
drivers, restraints, opportunities, and challenges in the Southeast Asia
galvanized steel market?
- Who are the major
players in Southeast Asia galvanized steel market?
- How the competitive
landscape in Southeast Asia is galvanized steel market?
- What are the recent
developments in Southeast Asia galvanized steel market?
- What are the
different strategies adopted by the major players in the Southeast Asia
galvanized steel market?
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