| Product Code: ETC378385 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Thailand steel angles market, the import trend experienced a notable decline from 2023 to 2024, with a growth rate of -45.43%. However, the compound annual growth rate (CAGR) for imports over the period from 2020 to 2024 stood at 7.11%. This significant decrease in import momentum in 2024 could be attributed to shifts in demand dynamics or changes in trade policies affecting market stability.
Steel angles find applications in structural construction, fabrication, and manufacturing. The Thailand steel angles market benefits from the country`s ongoing infrastructure projects and industrial expansion. Steel angles are versatile and can be used in a wide range of structural applications, from supporting beams to framing structures. As Thailand continues to invest in its infrastructure, the demand for steel angles is expected to remain steady.
The Thailand steel angles market is thriving due to several key drivers. Firstly, steel angles are essential structural components in construction and infrastructure projects, providing stability and load-bearing capacity. The country`s ongoing infrastructure development, including bridges, buildings, and industrial facilities, contributes significantly to the demand for steel angles. Additionally, the versatility of steel angles in various applications, such as supports, brackets, and framing, further propels market growth. The need for durable and cost-effective structural solutions reinforces the market`s upward trajectory.
The Thailand steel angles market faces challenges related to market saturation and competition from alternative materials like concrete. The demand for steel angles is closely tied to the construction industry, which can experience fluctuations due to economic conditions. Manufacturers must diversify their product offerings and explore new applications to sustain growth.
The Thailand steel angles market was impacted by the slowdown in construction and infrastructure projects during the pandemic. Reduced construction activity and delays in project timelines affected the demand for steel angles. However, as government initiatives promote infrastructure development and construction projects resume, the market is likely to rebound.
Leading players in the Thailand steel angles market include Millcon Steel Public Co., Ltd., Sahaviriya Steel Industries Public Co., Ltd., and G Steel Public Company Limited.