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Steel Market in ASEAN Countries 2015-2019

  • December 2015
  • -
  • Infiniti Research Limited
  • -
  • 71 pages

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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Table Of Contents

Steel Market in ASEAN Countries 2015-2019
Table of Contents
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- Overview
PART 05: Market landscape
- Market overview
- Market size and forecast by consumption volume
- Five forces analysis
PART 06: Regional segmentation
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
PART 07: Market segmentation by end-uses
- Overview
- ASEAN steel market by infrastructure and construction
- ASEAN steel market by mechanical machinery
- ASEAN steel market by automotive industry
- ASEAN steel market by other end-uses
PART 08: Market segmentation by type
- Overview
- Carbon steel
- Alloy steel
- Stainless steel
PART 09: Market drivers
- Growth in end-user industries
- Increase in the ASEAN population
- Economic recovery in the developing markets
PART 10: Impact of drivers
PART 11: Market challenges
- Supply shortage
- Sluggish steel demand
- Volatile raw material prices
PART 12: Impact of drivers and challenges
PART 13: Market trends
- Growth in renewable energy industry
- Usage of steel as a sustainable material
- Changing into a consumption-led economy
PART 14: Vendor landscape
- Competitive scenario
- Degree of consolidation
- Value chain analysis
-
Key vendors
- Other prominent vendors
PART 15: Key vendor analysis
- Karkatau Steel (Persero)
- G Steel
- Gunung Steel Group
- The Lion Group
- TISCO
- Nat steel holding
PART 16: Appendix
- List of abbreviations
PART 17: Explore Technavio

List of Exhibits
Exhibit 01: ASEAN steel market segmentation
Exhibit 02: ASEAN steel market by consumption volume 2014?2019 (million tons)
Exhibit 03: Five forces analysis
Exhibit 04: Indonesia GDP growth rate 2014?2019
Exhibit 05: Indonesia steel market 2014?2019 (million tons)
Exhibit 06: Consumption share of finished steel products 2014
Exhibit 07: Malaysia GDP growth rate 2014?2019
Exhibit 08: Malaysia steel market 2014?2019 (million tons)
Exhibit 09: Consumption share of finished steel products 2014
Exhibit 10: Philippines GDP growth rate 2014?2019
Exhibit 11: Philippines steel market 2014?2019 (million tons)
Exhibit 12: Consumption share of finished steel products 2014
Exhibit 13: Singapore GDP growth rate 2014?2019
Exhibit 14: Singapore steel market 2014?2019 (million tons)
Exhibit 15: Consumption share of finished steel products 2014
Exhibit 16: Thailand GDP growth rate 2014?2019
Exhibit 17: Thailand steel market 2014?2019 (million tons)
Exhibit 18: Consumption share of finished steel products 2014
Exhibit 19: Vietnam GDP growth rate 2014?2019
Exhibit 20: Vietnam steel market 2014?2019 (million tons)
Exhibit 21: Consumption share of finished steel products 2014
Exhibit 22: Market segmentation of ASEAN by end-uses 2014
Exhibit 23: Market segmentation of ASEAN by end-uses 2019
Exhibit 24: ASEAN steel market by infrastructure and construction 2014?2019 (million tons)
Exhibit 25: ASEAN steel market by mechanical machinery 2014?2019 (million tons)
Exhibit 26: ASEAN steel market by automotive industry 2014?2019 (million tons)
Exhibit 27: ASEAN steel market by the other segment 2014?2019 (million tons)
Exhibit 28: GDP per capita of ASEAN countries 2014?2019 ($)
Exhibit 29: Population of ASEAN countries 2014?2019 (millions)
Exhibit 30: GDP growth rate of ASEAN countries 2014?2019
Exhibit 31: Impact of drivers
Exhibit 32: Impact of drivers and challenges
Exhibit 33: ASEAN steel market: Degree of consolidation by country 2014
Exhibit 34: Value chain of ASEAN steel market
Exhibit 35: Persero: Business segmentation by revenue 2014
Exhibit 36: Persero Business segmentation by revenue 2013 and 2014 ($ millions)
Exhibit 37: The Lion Group: Business segmentation by revenue 2014
Exhibit 38: TISCO: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 39: Nat Steel: Product portfolio

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