| Product Code: ETC378386 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The steel angles market in Malaysia is closely tied to the construction and infrastructure sectors. As the country invests in building projects and urban development, the demand for steel angles for structural purposes is expected to rise. The versatility and strength of steel angles make them essential components in construction, and their market outlook remains positive in line with Malaysia infrastructure ambitions.
The steel angles market in Malaysia is expected to witness growth due to multiple drivers. The construction industry is a significant consumer of steel angles for structural applications, and the country`s ongoing infrastructure development projects are boosting demand. Steel angles are also widely used in manufacturing and fabrication, and the growth of these sectors further contributes to market expansion. Additionally, the steel angles market benefits from the versatility of the product, making it essential in various applications such as support structures, frames, and brackets.
Steel angles are used in construction and manufacturing applications. Market challenges include price competition, market saturation, and the need for continuous product innovation to meet evolving industry demands.
The steel angles market in Malaysia encountered disruptions due to the COVID-19 pandemic. Steel angles are widely used in construction and infrastructure projects, and as such, their demand is closely linked to economic conditions. As Malaysia strives to stimulate economic growth post-pandemic, the construction sector is expected to rebound, driving the demand for steel angles. However, challenges related to sourcing raw materials and logistics may persist in the short term.
Players such as Nippon Steel & Sumitomo Metal Corporation, Posco, and Angang Steel Company Limited are prominent in the steel angles market. These companies provide steel angles for use in construction and manufacturing. The market outlook for steel angles remains closely tied to construction and infrastructure development in the country.