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Steel Market in ASEAN Countries 2015-2019

Steel Market in ASEAN Countries 2015-2019

Outlook of the ASEAN steel market

Technavio’s 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?
Technavio also offers customization on reports based on specific client requirement.

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Press Release

Technavio Announces the Publication of its Research Report – Steel Market in ASEAN Countries 2015-2019

Technavio recognizes the following companies as the key players in the ASEAN Countries Steel Market Outlook: G Steel, Gunung Steel, Nat Steel Holding, PT Karkatau Steel, TISCO and The Lions Group

Other Prominent Vendors in the market are: 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.

Commenting on the report, an analyst from Technavio’s team said: “One of the major trends is the growth in the renewable energy industry. In addition, throughout the region robust demand for steel in the infrastructure and construction, oil and gas, and automotive industries has been witnessed. Thus, the combination of trends and drivers is expected to propel the growth of the market during the forecast period.”

According to the report, the ASEAN steel market is driven by many factors. One of the major drivers in this market is the growth in end-user industries. Continuing rapid growth in end-user industries, such as the automotive, construction, and infrastructure industries, will boost demand for steel in the ASEAN region.

Further, the report states that with steel supply overtaking demand, this has resulted in reduced profit margins for steel manufacturers. Sluggish steel demand is one of the other major challenges facing the ASEAN steel manufacturing market.

Companies Mentioned

G Steel, Gunung Steel, Nat Steel Holding, PT Karkatau Steel, TISCO, The Lions Group, 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.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview
  • Market landscape
    • Market overview
      • Table ASEAN steel market segmentation
    • Market size and forecast by consumption volume
      • Table ASEAN steel market by consumption volume 2014-2019 (million tons)
    • Five forces analysis
      • Table Five forces analysis
  • Regional segmentation
    • Indonesia
      • Table Indonesia GDP growth rate 2014-2019
      • Table Indonesia steel market 2014-2019 (million tons)
      • Table Consumption share of finished steel products 2014
    • Malaysia
      • Table Malaysia GDP growth rate 2014-2019
      • Table Malaysia steel market 2014-2019 (million tons)
      • Table Consumption share of finished steel products 2014
    • Philippines
      • Table Philippines GDP growth rate 2014-2019
      • Table Philippines steel market 2014-2019 (million tons)
      • Table Consumption share of finished steel products 2014
    • Singapore
      • Table Singapore GDP growth rate 2014-2019
      • Table Singapore steel market 2014-2019 (million tons)
      • Table Consumption share of finished steel products 2014
    • Thailand
      • Table Thailand GDP growth rate 2014-2019
      • Table Thailand steel market 2014-2019 (million tons)
      • Table Consumption share of finished steel products 2014
    • Vietnam
      • Table Vietnam GDP growth rate 2014-2019
      • Table Vietnam steel market 2014-2019 (million tons)
      • Table Consumption share of finished steel products 2014
  • Market segmentation by end-uses
    • Overview
      • Table Market segmentation of ASEAN by end-uses 2014
      • Table Market segmentation of ASEAN by end-uses 2019
    • ASEAN steel market by infrastructure and construction
      • Table ASEAN steel market by infrastructure and construction 2014-2019 (million tons)
    • ASEAN steel market by mechanical machinery
      • Table ASEAN steel market by mechanical machinery 2014-2019 (million tons)
    • ASEAN steel market by automotive industry
      • Table ASEAN steel market by automotive industry 2014-2019 (million tons)
    • ASEAN steel market by other end-uses
      • Table ASEAN steel market by the other segment 2014-2019 (million tons)
  • Market segmentation by type
    • Overview
    • Carbon steel
    • Alloy steel
    • Stainless steel
  • Market drivers
    • Growth in end-user industries
      • Table GDP per capita of ASEAN countries 2014-2019 ($)
    • Increase in the ASEAN population
      • Table Population of ASEAN countries 2014-2019 (millions)
    • Economic recovery in the developing markets
      • Table GDP growth rate of ASEAN countries 2014-2019
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Supply shortage
    • Sluggish steel demand
    • Volatile raw material prices
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growth in renewable energy industry
    • Usage of steel as a sustainable material
    • Changing into a consumption-led economy
  • Vendor landscape
    • Competitive scenario
    • Degree of consolidation
      • Table ASEAN steel market: Degree of consolidation by country 2014
    • Value chain analysis
      • Table Value chain of ASEAN steel market
    • Key vendors
    • Other prominent vendors
  • Key vendor analysis
    • Karkatau Steel (Persero)
      • Table Persero: Business segmentation by revenue 2014
      • Table Persero Business segmentation by revenue 2013 and 2014 ($ millions)
    • G Steel
    • Gunung Steel Group
    • The Lion Group
      • Table The Lion Group: Business segmentation by revenue 2014
    • TISCO
      • Table TISCO: Business segmentation by revenue 2013 and 2014 ($ billions)
    • Nat steel holding
      • Table Nat Steel: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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