Product Code: ETC052807 | Publication Date: Jul 2023 | Updated Date: Feb 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore galvanized steel market is expected to grow at a CAGR of 4.3%, from 2020-2026 due to an increase in the construction sector and rising demand for automobiles. It has become an important material used in various applications such as automotive, building & construction, electrical & electronics, ETC, owing to its corrosion resistance properties. The growing demand for lightweight materials across various industries has further boosted the growth of the galvanized steel market in Singapore.
Increase in Construction Sector: The rapid development of infrastructure projects such as bridges and residential buildings are driving up demand for galvanized steel products over the forecast period. This rise can be attributed to its superior properties including high durability and long service life.Growing Demand For Automobiles: There is a significant surge in automobile sales due to increased disposable incomes which have spurred the need for more vehicles on roads leading to higher demands for galvanized steel components like chassis frames and body panels among others thus fueling the market growth over the forecast period.
High Cost Of Raw Materials And Labour Costs : Galvanizing involves complex process which requires expensive raw materials that increases cost making it difficult or unattractive option compared with other alternatives available resulting into slow down of demand during certain periods thus challenging this industry???s growth.Volatility In Prices Of Steel Products : Price volatility of steel products forms another major challenge faced by this industry, particularly when dealing with international markets since exchange rate fluctuations affects costs significantly affecting final prices charged by companies hence making it difficult predict future trends accurately.
Some key players operating in Singapore Galvanised Steel Industry include Siam Yamato Steel Co Ltd., Masteel Group Limited, Nippon Steel Corporation, JFE Holdings Inc., POSCO Group ETC
The COVID-19 pandemic had negative impacts on many businesses globally including Singapore Galvanised Steel Market during 2020 but thankfully these effects were short lived due to government initiatives taken towards reviving economy post lockdown restrictions being eased.These measures supported businesses financially allowing them access resources required helping them survive during these trying times while also providing some kind of relief from economic pressures caused by pandemic events.Nevertheless, there still remains some lingering impact that needs attention going forward since we do not know what new challenges may arise in near future.
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 Singapore Galvanized Steel Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Galvanized Steel Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Galvanized Steel Market - Industry Life Cycle |
3.4 Singapore Galvanized Steel Market - Porter's Five Forces |
3.5 Singapore Galvanized Steel Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Singapore Galvanized Steel Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Singapore Galvanized Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Galvanized Steel Market Trends |
6 Singapore Galvanized Steel Market, By Types |
6.1 Singapore Galvanized Steel Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Galvanized Steel Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Singapore Galvanized Steel Market Revenues & Volume, By Galvanized Steel Coils, 2020-2030F |
6.1.4 Singapore Galvanized Steel Market Revenues & Volume, By Galvanized Steel Strips, 2020-2030F |
6.1.5 Singapore Galvanized Steel Market Revenues & Volume, By Others, 2020-2030F |
6.2 Singapore Galvanized Steel Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Singapore Galvanized Steel Market Revenues & Volume, By Construction, 2020-2030F |
6.2.3 Singapore Galvanized Steel Market Revenues & Volume, By Automobile, 2020-2030F |
6.2.4 Singapore Galvanized Steel Market Revenues & Volume, By Home Appliances, 2020-2030F |
6.2.5 Singapore Galvanized Steel Market Revenues & Volume, By Others, 2020-2030F |
7 Singapore Galvanized Steel Market Import-Export Trade Statistics |
7.1 Singapore Galvanized Steel Market Export to Major Countries |
7.2 Singapore Galvanized Steel Market Imports from Major Countries |
8 Singapore Galvanized Steel Market Key Performance Indicators |
9 Singapore Galvanized Steel Market - Opportunity Assessment |
9.1 Singapore Galvanized Steel Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Singapore Galvanized Steel Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Singapore Galvanized Steel Market - Competitive Landscape |
10.1 Singapore Galvanized Steel Market Revenue Share, By Companies, 2023 |
10.2 Singapore Galvanized Steel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |