Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Types (Flat Steel, Long Steel), By Product Type (Structural Steel, Prestressing Steel, Bright Steel, Welding Wire/Rod, Iron Steel Wire, Ropes, Braids), By Applications (Building & Construction, Electrical Appliances, Metal Products, Domestic Appliances, Mechanical Equipment, Automotive, Others) And Competitive Landscape
Product Code: ETC056717 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Steel Market isย projected to witness substantial growth in the forthcoming years backed by the rising infrastructure development of the commercial and residential sector. Moreover, in the entire Asia Pacific region, China is estimated to accumulate humongous revenues in the market owing to the rising steel production in the country due to rising domestic demand along with rising export practices, where the top exporting countries are South Korea followed by Vietnam and Thailand, this factor is estimated to help in widening the growth pattern of the steel market in the entire Asia Pacific region in the upcoming years.
Asia Pacific Steel Marketย is anticipated to gain sound growth prospects in the coming time zone. The Asia Pacific is anticipated to emerge as the fastest-growing market in the Steel Market. ย North America & Europe are expected to remain large, yet mature markets, with only a slight rebound in housing & construction activities in the U.S., Canada, and France. A buoyant Chinese steel market has helped support higher international prices in 2016, which allowed European steel producers to raise regional offer levels. The continued adoption of reserve funds not only in Dubai but the entire Middle East is being viewed as a vital tool for strategic asset management and the protection of real estate as a viable investment. Countries such as Peru & Chile remain economic outperformers, overcoming regional obstacles to present significant investment opportunities. Due to the COVID-19 pandemic, the construction and transportation industry has experienced a huge decline. Currently, the outbreak of COVID-19 is likely to bring several short-term and long-term consequences in the construction industry, which is likely to affect the demand for crude steel. Whereas the shutdown of automotive manufacturing facilities had highly reduced the production of vehicles in 2020, which has drastically reduced the demand for steel, and also, the consumption of the same has been declined in automotive components production.
According to the 6Wresearch, the Asia Pacific Steel Market size is anticipated to register growth during 2021-27. Geographically at the present Asia pacific has registered the highest market share in the structural steel market, is looking in a plenty dominant position particularly in India and China. This is because of the several initiatives taken by the government to improve the not only housing situation but also undertaking several infrastructural projects, whether it may be Indiaโs Pradhan Mantri Awas Yojana housing scheme, Railway expansion, or Chinaโs one belt one road initiative. Other than that, this region is driven by rapid industrial growth coupled with technological advancement in the construction industry and China to be pushing the construction industry more due to its high growth in GDP and exponential growth of the residential and housing sector in this region is propelling the demand for the structural steel market.ย
Asia Pacific region has experienced favorable growth in the crude steel industry in countries like India, China, and South Korea holding almost half of the consumption share. Japan crude steel market growth is driven by civil engineering activities such as buildings of school, residential and commercial construction, railroad, etc. Steel market product type as Iron steel wire, Bars and Rods, Tubes and Pipes, Casting and Forgings, plates and sheets, others. The construction and automotive sector are expected to be the dominant segments, in terms of demand, over the forecast period. Increasing usage of steel sheets in automotive applications and extensive usage of steel beams and pillars in the construction sector has stimulated the demand for the crude steel market.
The Asia Pacific steel market report thoroughly covers the market by product type, distribution channels, and countries including India, China, Japan, Indonesia, Thailand, Australia, and the rest of Asia Pacific. The Asia Pacific steel market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific steel market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Steel Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Steel Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Steel Market - Industry Life Cycle |
3.4 Asia Pacific Steel Market - Porter's Five Forces |
3.5 Asia Pacific Steel Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Steel Market Revenues & Volume Share, By Types, 2020 & 2027F |
3.7 Asia Pacific Steel Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.8 Asia Pacific Steel Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 Asia Pacific Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Steel Market Trends |
6 Asia Pacific Steel Market, 2017 - 2027 |
6.1 Asia Pacific Steel Market, Revenues & Volume, By Types, 2017 - 2027 |
6.2 Asia Pacific Steel Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.3 Asia Pacific Steel Market, Revenues & Volume, By Applications, 2017 - 2027 |
7 China Steel Market, 2017 - 2027 |
7.1 China Steel Market, Revenues & Volume, By Types, 2017 - 2027 |
7.2 China Steel Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.3 China Steel Market, Revenues & Volume, By Applications, 2017 - 2027 |
8 India Steel Market, 2017 - 2027 |
8.1 India Steel Market, Revenues & Volume, By Types, 2017 - 2027 |
8.2 India Steel Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.3 India Steel Market, Revenues & Volume, By Applications, 2017 - 2027 |
9 Japan Steel Market, 2017 - 2027 |
9.1 Japan Steel Market, Revenues & Volume, By Types, 2017 - 2027 |
9.2 Japan Steel Market, Revenues & Volume, By Product Type, 2017 - 2027 |
9.3 Japan Steel Market, Revenues & Volume, By Applications, 2017 - 2027 |
10 Australia Steel Market, 2017 - 2027 |
10.1 Australia Steel Market, Revenues & Volume, By Types, 2017 - 2027 |
10.2 Australia Steel Market, Revenues & Volume, By Product Type, 2017 - 2027 |
10.3 Australia Steel Market, Revenues & Volume, By Applications, 2017 - 2027 |
11 Indonesia Steel Market, 2017 - 2027 |
11.1 Indonesia Steel Market, Revenues & Volume, By Types, 2017 - 2027 |
11.2 Indonesia Steel Market, Revenues & Volume, By Product Type, 2017 - 2027 |
11.3 Indonesia Steel Market, Revenues & Volume, By Applications, 2017 - 2027 |
12 Philippines Steel Market, 2017 - 2027 |
12.1 Philippines Steel Market, Revenues & Volume, By Types, 2017 - 2027 |
12.2 Philippines Steel Market, Revenues & Volume, By Product Type, 2017 - 2027 |
12.3 Philippines Steel Market, Revenues & Volume, By Applications, 2017 - 2027 |
13 Thailand Steel Market, 2017 - 2027 |
13.1 Thailand Steel Market, Revenues & Volume, By Types, 2017 - 2027 |
13.2 Thailand Steel Market, Revenues & Volume, By Product Type, 2017 - 2027 |
13.3 Thailand Steel Market, Revenues & Volume, By Applications, 2017 - 2027 |
14 Malaysia Steel Market, 2017 - 2027 |
14.1 Malaysia Steel Market, Revenues & Volume, By Types, 2017 - 2027 |
14.2 Malaysia Steel Market, Revenues & Volume, By Product Type, 2017 - 2027 |
14.3 Malaysia Steel Market, Revenues & Volume, By Applications, 2017 - 2027 |
15 Singapore Steel Market, 2017 - 2027 |
16 Rest of Asia Steel Market, 2017 - 2027 |
16.1 Rest of Asia Steel Market, Revenues & Volume, By Types, 2017 - 2027 |
16.2 Rest of Asia Steel Market, Revenues & Volume, By Product Type, 2017 - 2027 |
16.3 Rest of Asia Steel Market, Revenues & Volume, By Applications, 2017 - 2027 |
17 Asia Pacific Steel Market Key Performance Indicators |
18 Asia Pacific Steel Market - Opportunity Assessment |
18.1 Asia Pacific Steel Market Opportunity Assessment, By Countries, 2020 & 2027F |
18.2 Asia Pacific Steel Market Opportunity Assessment, By Types, 2020 & 2027F |
18.3 Asia Pacific Steel Market Opportunity Assessment, By Product Type, 2020 & 2027F |
18.4 Asia Pacific Steel Market Opportunity Assessment, By Applications, 2020 & 2027F |
19 Asia Pacific Steel Market - Competitive Landscape |
19.1 Asia Pacific Steel Market Revenue Share, By Companies, 2020 |
19.2 Asia Pacific Steel Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |