DUBLIN, Jan. 13, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/gjwfsf/steel_market_in) has announced the addition of the "Steel Market in ASEAN Countries 2015-2019" report to their offering.
The 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.
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.
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.
The Leading Vendors
- G Steel
- Gunung Steel
- Nat Steel Holding
- PT Karkatau Steel
- The Lions Group.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Regional segmentation
PART 07: Market segmentation by end-uses
PART 08: Market segmentation by type
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/gjwfsf/steel_market_in
Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets