Outlook of the ASEAN steel market
The market research analyst predicts the ASEAN steel
market to witness moderate growth at a CAGR of around 6% during the forecast
period. The automotive industry, mechanical machinery, and infrastructure and
construction industries are the primary users of steel and have been driving
the growth of the ASEAN steel market. The infrastructure and construction
sector accounts for more than 52% of the global steel consumption. This
research report predicts that the increase in the GDP in the ASEAN countries
will lead to excess spending in the end-user industries, creating a high demand
for steel manufacturing in this region.
The supply shortage in this region is anticipated
to deter the growth of the market during the forecast period. Mining mills in
this region have suffered from unsustainably high operating cost and the
reliance on electric arc furnace steelmaking, which has limitations on the raw
material used by steel makers. With the steel supply overhauling demand, this
has resulted in reduced profit margins for steel manufacturers in the ASEAN
region.
Segmentation by type and analysis of - carbon
steel, alloy steel, stainless steel
Stainless steel mostly contains 10-20% of chromium
as the main alloying element and have high corrosion resistance. It is further
classified into austenitic, ferritic, and martensitic.
The report offers an analysis of each of the
following segments and discusses its impact on the overall market growth -
- Carbon steel
- Alloy steel
- Stainless steel
Segmentation by end user and analysis of -
automotive, infrastructure and construction, mechanical machinery
Infrastructure and construction accounted for
nearly 52% of the overall market during 2014. Steel-intensive infrastructure
such as roads, rail, ports, airports, marine, and power are the primary drivers
for the increase in the demand for steel in ASEAN countries.
The report offers an analysis of each of the
following segments and discusses its impact on the overall market growth –
- Infrastructure and construction
- Mechanical machinery
- Automotive
- Others (electrical equipment, domestic appliances, marine, and transportation)
Competitive landscape and key vendors - TISCO,
Nat Steel, Gunung Steel, Lions Group, G Steel
The ASEAN steel market is highly fragmented with
the presence of many international and regional vendors. The market is highly
competitive resulting in lower steel prices and reduced profit margins. The
report anticipates China's steel industry to consolidate, and excess steel
producing capacity to be closed by the end of the forecast period.
The leading vendors in the market are –
- G Steel
- Gunung Steel
- Nat Steel Holding
- PT Karkatau Steel
- TISCO
- The Lions Group
Other prominent vendors in the market include Core
Steel, Dragon Steel, GJ Steel, HoaPhat Steel, Jayapari Steel, Ji kang Dimensi,
Lion Plate Mills, LPN Steel, PT Gunung Raja Steel, Tung Ho Steel, and Union
Galvasteel.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the ASEAN steel market?
- What are the key market trends impacting the growth of the ASEAN steel market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the ASEAN steel market?
- What are the key outcomes of the five forces analysis of the ASEAN steel market?
Spanning over 71 pages and 39 Exhibit “Steel
Market in ASEAN Countries 2015 - 2019” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market Overview, Market
Landscape, Regional segmentation, Market segmentation by end-uses, Market
segmentation by type, Market drivers,
Impact of drivers, Market challenges, Impact of drivers and challenges, Market
trends, Vendor landscape, Key vendor analysis, Appendix.
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