Volatile demand and supply scenarios are adding up to the challenges of companies in the Thailand hot-dip galvanized steel products market during the coronavirus (COVID-19) pandemic. Many manufacturers are raising their steel product prices indicating an upward trend in international trade and increased demand from China. Analysts at the Transparency Market Research (TMR) opine that manufacturers are expected to increase the prices for hot-dip galvanized steel coils, bars, and rebars. As such, the domestic demand is estimated to gain pace in the Thailand hot-dip galvanized steel products market.
Several construction projects are being resumed in Thailand and other countries where the COVID-19 outbreak has significantly subsided. Many countries are lifting their coronavirus-related restrictions to open international trade, since inventories for steel products are running out. Factory closures have slowed down economic activities in the construction industry.
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Hot-dip galvanized steel is being used in the construction of refineries and chemical processing facilities. However, controlling the metallurgical reaction in the zinc coating and achieving a desired film build can be challenging for galvanizers. Hence, companies in the Thailand hot-dip galvanized steel products market should precautions such as acquire efficiency in surface preparation processes, zinc bath temperature and molten zinc bath composition to produce zinc coatings on steel surfaces.
Optimizing new materials and processes is becoming apparent for companies in the Thailand hot-dip galvanized steel products market in order to gain market visibility. Companies are bagging research achievements to innovate in new hot-dip galvanizing steel applications. They are increasing their production capabilities to manufacture fire-resistant hot-dip galvanized structures.
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Companies in the Thailand hot-dip galvanized steel products market should participate in events such as the Excellence in Hot-Dip Galvanizing Awards 2020 to boost their credibility credentials in the global market landscape. Since these award events are judged by expert architects and engineers, manufacturers can gain a competitive edge over other market players with respect to their product offerings. On other the other hand, the ever-increasing construction industry is creating business opportunities for steel manufacturers. This has led to increased demand for products with long-term durability and low-maintenance attributes.
Hot-dip galvanized structures such as bridges are being shipped and reused in various construction applications. Such trade practices are contributing toward growth of the Thailand hot-dip galvanized steel products market, which is expected to cross a revenue of US$ 4.4 Bn in 2030.
The Thailand hot-dip galvanized steel products market is slated to register a healthy CAGR of ~6% during the assessment period. The automotive industry is shifting its focus from electrogalvanized to hot-dip galvanized steels. thyssenKrupp Steel— a German specialist in industrial engineering and steel production, has identified this shift and has laid the foundation for improved hot-dip coatings. Thus, manufacturers in the Thailand hot-dip galvanized steel products market should take cues from such manufacturers to increase their product sales.
Premium finishes and lasting corrosion protection have become the basic prerequisites in the automotive sector. This has fueled innovations in new hot-dip zinc coatings that ensure the durability of vehicle components. Innovative zinc-magnesium products allow low coating thickness for steel automotive components.
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Analysts’ Viewpoint
Price surge in steel products is becoming apparent due to the growing trade in international markets amidst the coronavirus pandemic. Steel structures in interior vehicle parts are being produced with innovative zinc-magnesium hot-dip coatings to save on material and costs. However, achieving fire resistance for hot-dip galvanized steels can be potentially challenging for manufacturers. Hence, companies in the Thailand hot-dip galvanized steel products market should increase their research expenditure in surface preparation processes and immersion time to alter variables in zinc coatings. They should exploit business potentials in the construction sector due to the burgeoning demand for steel products with long-term durability and low maintenance.
Thailand Hot-dip Galvanized Steel Products: Overview
Key Growth Drivers of Thailand Hot-dip Galvanized Steel Products Market
Key Challenges for Thailand Hot-dip Galvanized Steel Products Market
Lucrative Opportunities for Players in Thailand Hot-dip Galvanized Steel Products Market
Leading Players in Thailand Hot-dip Galvanization Market
Thailand Hot-dip Galvanized Steel Products Market – Segmentation
TMR’s research study segments the hot-dip galvanized steel products market in Thailand in terms of product type. This report presents extensive market dynamics and growth trends associated with different market segments and explains how they are influencing the hot-dip galvanized steel products market in Thailand.
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1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary: Thailand Hot-Dip Galvanized Steel Products Market
3.1. Market Value, Indicative (US$ Mn)
3.2. Top Three Trends
4. Market Overview
4.1. Product Overview
4.2. Key Market Developments
4.3. Market Indicators
5. Market Dynamics
5.1. Drivers and Restraints Snapshot Analysis
5.1.1.1. Drivers
5.1.1.2. Restraints
5.1.1.3. Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of Substitutes
5.2.2. Bargaining Power of Buyers
5.2.3. Bargaining Power of Suppliers
5.2.4. Threat of New Entrants
5.2.5. Degree of Competition
5.3. Value Chain Analysis
5.4. List of Potential Customers
6. COVID-19 Impact Analysis
7. Thailand Hot-Dip Galvanized Steel Products Market Volume (Kilo Tons) and Value (US$ Mn) Analysis, by Product Type
7.1. Key Findings and Introduction
7.2. Thailand Hot-Dip Galvanized Steel Products Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Product Type, 2019–2030
7.2.1. HDG Steel Pipe
7.2.2. HDG Steel Product
7.2.3. HDG Steel Structure
7.2.4. HDG Steel Plate
7.2.5. Conventional HDG Products
7.3. Thailand Hot-Dip Galvanized Steel Products Market Attractiveness Analysis, by Product Type
8. Competition Landscape
8.1. Thailand Hot-Dip Galvanized Steel Products Market Share Analysis, by Company (2019)
8.2. Competition Matrix
8.3. Company Profiles
8.3.1. Siam Steel Galvanizing Company Limited
8.3.1.1. Company Description
8.3.1.2. Business Overview
8.3.1.3. Production Capacity
8.3.1.4. Siam Steel Galvanizing Factories List
8.3.1.5. Product Description
8.3.2. POSCO Coated Steel (Thailand) Co.,Ltd.
8.3.2.1. Company Description
8.3.2.2. Business Overview
8.3.2.3. Production Capacity
8.3.2.4. Product Description
8.3.3. JFE Steel Galvanizing (Thailand) Ltd.
8.3.3.1. Company Description
8.3.3.2. Business Overview
8.3.3.3. Production Capacity
8.3.3.4. Product Description
8.3.4. BJC Heavy Industries PCL
8.3.4.1. Company Description
8.3.4.2. Business Overview
8.3.4.3. Product Description
8.3.4.4. Financial Overview
8.3.5. NS-Siam United Steel Co., Ltd.
8.3.5.1. Company Description
8.3.5.2. Business Overview
8.3.5.3. Product Description
8.3.6. Thai Scandic Steel Co., Ltd.
8.3.6.1. Company Description
8.3.6.2. Business Overview
8.3.6.3. Product Description
8.3.7. Union Galvanizer Company Limited
8.3.7.1. Company Description
8.3.7.2. Business Overview
8.3.7.3. Product Description
8.3.8. Cotco Metal Works Limited
8.3.8.1. Company Description
8.3.8.2. Business Overview
8.3.8.3. Production Capacity
8.3.8.4. Product Description
8.3.9. Sang Charoen Hot Dip Galvanized Co., Ltd.
8.3.9.1. Company Description
8.3.9.2. Business Overview
8.3.9.3. Product Description
8.3.10. Sahaviriya Steel Industries PLC
8.3.10.1. Company Description
8.3.10.2. Business Overview
8.3.10.3. Product Description
8.3.10.4. Financial Overview
9. Primary Research – Key Insights
10. Assumptions and Research Methodology
10.1. Report Assumptions
10.2. Secondary Sources and Acronyms Used
10.3. Research Methodology
List of Tables
Table 01: Thailand Hot-Dip Galvanized Steel Products Market Volume (Kilo Tons) Forecast, by Product Type, 2019–2030
Table 02: Thailand Hot-Dip Galvanized Steel Products Market Value (US$ Mn) Forecast, by Product Type, 2019–2030
List of Figures
Figure 01: Thailand Hot-Dip Galvanized Steel Products Market Volume (Kilo Tons) and Value (US$ Mn), 2019–2030
Figure 02: Thailand Hot-Dip Galvanized Steel Products Market Absolute $ Opportunity (US$ Mn), 2019–2030
Figure 03: Thailand Hot-Dip Galvanized Steel Products Market Volume Share Analysis, by Product Type
Figure 04: Thailand Hot-Dip Galvanized Steel Products Market Attractiveness Analysis, by Product Type
Figure 05: Market Share Analysis, by Company, 2019