Find Galvanized Steel Suppliers From Vietnam – VSS Steel Ltd

The growth of this market is mainly attributed to factors such as increasing infrastructure investments in the Southeast Asian region and rising GDPs in the region. Rapid urbanization in the region, growing automotive markets in the region, and establishment of the ASEAN economic community provide significant growth opportunities for market players.

The Southeast Asia  is expected to reach $24.21 billion by 2028, at a CAGR of 13.0% during the forecast period, 2021-2028. By volume, this market is expected to reach 25.9 million tons by 2028, at a CAGR of 12.4% during the forecast period 2021-2028.

Based on product type, the Southeast Asia galvanized steel market is mainly segmented into hot-dipped galvanized steel and electro-galvanized steel. The hot-dipped galvanized steel segment is expected to grow at the highest CAGR during the forecast period.

This hot-dipped galvanized steel (GI coils) segment has a high growth rate during the forecast period mainly because hot-dipped galvanized steel provides numerous environmental and economic benefits to achieve sustainable designs. Also, hot-dipped galvanized steel sheet in coils can prevent costly and damaging corrosion protection inspections and maintenances. Hot-dip galvanized steel can withstand the effects of corrosion for decades, is maintenance-free, and ensures these structures will stand strong long into the future.

Based on application, the Southeast Asia galvanized steel market is segmented into building and construction, automotive, white goods, shipbuilding, and other applications.

The white goods segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment during the forecast period is attributed to a large portion of steel used to manufacture white goods. An electro-galvanized steel sheet with a coating weight of 20 g/m2 is normally used for white goods. The purpose of this is to restrain red rust on steel by taking advantage of the preferential corrosion of zinc under general conditions.

Geographically, the market is segmented into countries: Vietnam, Indonesia, Singapore, Thailand, Malaysia, the Philippines, and the Rest of Southeast Asia. Indonesia is expected to witness the fastest growth during the forecast period.

The factors attributed to the high growth of this country are the rich resource availability of raw steel and government support for the automotive sector. The government policies of Thailand support the automotive industry, which encourages OEMs from around the globe to establish their production bases and set up research and development departments in the country. In EV production, galvanized steel is used for various applications such as car skeleton structures, front and rear bumpers, body panels, etc.

However, Thailand is expected to witness the second-fastest growth during the forecast period. The factors attributed to this country’s growth are the government support policies of the automotive industry, which encourages OEMs from around the globe to establish their production bases and set up research and development departments in the country.

Market Dynamics

Drivers

• Increasing Infrastructure Investments in the Region
• Rising GDPS in the Region

Restraints

• The Impact of COVID-19 on Steel Consumption in Southeast Asia
• Decline in the Purchase of Chinese Steel Among Southeast ASIAN Countries
• ASEAN Countries’ Ban on Induction Furnaces Manufactured in China

Opportunities

• Rapid Urbanization in the Region
• Growing Automotive Markets in the Region
• Establishment of the ASEAN Economic Community

The key players operating in the Southeast Asia galvanized steel market are

• Nippon Steel Corporation (Japan)
• POSCO (South Korea)
• JFE Holdings Inc. (Japan)
• JTL Infra Ltd. (India)
• NS BlueScope steel limited (Singapore)
• Hoa Phat Group (Vietnam)
• DONGKUK Steel Group (South Korea)
• Chinh Dai Industrial Co. Ltd (Vietnam)
• FIW Steel Sdn. Bhd. (Malaysia)
• Galvaco Industries Sdn. Bhd. (Malaysia)

Scope of the Report:

Southeast Asia Galvanized Steel Market, by Product Type

• Hot-dipped Galvanized Steel
• Hot-dipped Zinc Coated Galvanized Steel
• Hot-dipped Aluzinc Coated Steel coils
• Hot-dipped Zinc-Aluminum-Silicon Alloy Coated Galvanized Steel
• Hot-dipped Zinc-Magnesium-Aluminum Alloy Coated Galvanized Steel
• Hot-dipped Zinc-Aluminum-Magnesium-Silicon Alloy Coated Galvanized Steel
• Electro-galvanized Steel
• Electrolytic Zinc-coated Galvanized Steel
• Electrolytic Zinc-Nickel Alloy-coated Galvanized Steel
• Electrolytic Zinc-Sn-Nickel Alloy-coated Galvanized Steel
• Electrolytic Nickel-coated Galvanized Steel
• Electrolytic Phosphate-treated Galvanized Steel

Welcom to visit our Galvanized Steel Coils Manufacturing Factory In Vietnam – VSS Steel:

Vietnam Galvanized Steel Market, by Application

• Building and Construction
• Trusses
• Roofs
• Frames
• Exterior Wall
• Interior Wall
• Pipes and Ducts
• Purlins
• Decking
• Other Building and Construction Applications
• Automotive
• White Goods
• Refrigerators
• Washing Machines
• Air-Conditioning
• Microwave Ovens
• Other Appliances
• Shipbuilding
• Other Appliances
• Electrical Transmission Towers
• Telecom Towers
• Steel Furniture
• Office Equipment
• Miscellaneous Applications

Southeast Asia Galvanized Steel Market, by Geography

• Vietnam
• Indonesia
• Singapore
• Thailand
• Malaysia
• Philippines
• Rest of Southeast Asia

About Us – GTS Steel

As a Steel Supplier/ Steel Sourcing/ Business Consult company, our mission is to connect you with suitable leading steel manufacturers in Vietnam and China, to support you to get the best quotation from reliable steel manufacturers.

For over 10 years in steel field, GTS Steel have set up deep connections with steel manufacturers/ steel mills in Vietnam and China. We are confident to bring the best price and service to our customers with various types of steel:

– Hot Rolled Coils steel – HRC
– Cold Rolled Coils – CRC
– Coated Steel (Galvanized steel/ Galvalume steel coils, Prepainted Steel Coils – GI, GL, PPGI, PPGL)
– Wire rods, Beams
– Stainless steel
– Steel pipes…

We believe that our sourcing services will help you to find the right manufacturers with qualified quality steel products and best competitive prices.

If you are looking for steel coils products from leading steel manufacturers in Vietnam and China, please feel free contact us at:

GTS Steel Pacific Ltd

(represent for leading steel manufacturers in Vietnam and China)