Thailand Cold Formed Steel Market (2024-2030) | Industry, Size, Value, Companies, Share, Trends, Outlook, Growth, Forecast, Analysis & Revenue

Thailand Cold Formed Steel Market Synopsis

The cold formed steel market in Thailand is projected to grow at a CAGR of 4.3% during the forecast period 2020-2026. The growth is attributed to the increasing demand from construction and automobile industries, coupled with government initiatives for infrastructure development in the country. Cold formed steel has become popular due to its lightweight nature, superior strength-to-weight ratio, rigidity, and dimensional accuracy & precision; which makes it ideal for use in various applications such as electric equipment frames, roof trusses/frames/supports systems, partition walls and fireproofing components among others. Additionally, implementation of protective tariffs on imports of finished products from overseas players by Thailand Government are estimated to fuel the market growth over the years ahead.

Market Drivers

The rapid urbanization along with rising disposable income have augmented demand for residential buildings across Thailand leading to high investments being made towards infrastructural developments such as bridges tunnels etc., thereby driving up sales of cold formed steel in this sector significantly. Increasing production volumes especially commercial vehicles owing to growing exports and domestic demands are anticipated propel usage of cold formed steels for making automotive parts like bumpers & other body panels along with improving manufacturing techniques (such as laser cutting technology). This will help uplift overall revenues generated through sale of these products during next five years.

Challenges of the Market

Availability of relatively cheaper alternatives such as hot rolled steels pose a major challenge hindering adoption rate by end users resulting into reduced sales numbers affecting profitability margins negatively impacting overall industry revenue figures significantly around foreseeable future timeframe .

Covid-19 Impact on the Market

Due to widespread covid 19 pandemic there has been disruption seen all across supply chain worldwide resulting into shortage or non availability of raw materials required for production process causing huge delay delivery times thus hampering operations temporarily hurting business profits eventually until situation recovers post lockdown globally .

Key Players of the Market

Major companies operating in Thailand Cold Formed Steel Market include Arcelor Mittal, JFE Steel Corporation, Nippon Steel Corporation, POSCO Group, Tata Steel Limited, ThyssenKrupp AG amongst others.

Key Highlights of the Report:

• Thailand Cold Formed Steel Market Outlook
• Market Size of Thailand Cold Formed Steel Market, 2023
• Forecast of Thailand Cold Formed Steel Market, 2030
• Historical Data and Forecast of Thailand Cold Formed Steel Revenues & Volume for the Period 2020-2030
• Thailand Cold Formed Steel Market Trend Evolution
• Thailand Cold Formed Steel Market Drivers and Challenges
• Thailand Cold Formed Steel Price Trends
• Thailand Cold Formed Steel Porter's Five Forces
• Thailand Cold Formed Steel Industry Life Cycle
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Types for the Period 2020-2030
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Steel Sheet for the Period 2020-2030
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Strip for the Period 2020-2030
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Plate for the Period 2020-2030
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Flat Bar for the Period 2020-2030
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Construction for the Period 2020-2030
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Automotive for the Period 2020-2030
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Appliances for the Period 2020-2030
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Machinery Parts for the Period 2020-2030
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Industrial for the Period 2020-2030
• Historical Data and Forecast of Thailand Cold Formed Steel Market Revenues & Volume By Others for the Period 2020-2030
• Thailand Cold Formed Steel Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Application
• Thailand Cold Formed Steel Top Companies Market Share
• Thailand Cold Formed Steel Competitive Benchmarking By Technical and Operational Parameters
• Thailand Cold Formed Steel Company Profiles
• Thailand Cold Formed Steel Key Strategic Recommendations