Product Code: ETC107564 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The corrosion resistant alloys market in Thailand was valued at USD 30.7 million in 2018 and is expected to reach USD 42.6 million, growing at a CAGR of 4.8%. The growth of the market can be attributed to rising demand from various end-use industries such as energy & power, automotive, aerospace, marine and defense for these alloys due to their superior properties such as excellent resistance towards oxidation and pitting corrosion when exposed to harsh environments.
The Thailand corrosion-resistant alloys market has been driven by the need for materials that can withstand challenging environments. Industries such as chemical processing, oil and gas, and marine require materials that can resist corrosion and degradation. Corrosion-resistant alloys offer enhanced durability and reliability, leading to their increasing adoption. The expansion of industries with demanding operating conditions has significantly contributed to the market`s growth. Furthermore, stringent safety and quality standards have further driven the use of corrosion-resistant alloys in critical applications.
The Thailand corrosion-resistant alloys market has faced obstacles arising from the pandemic`s impact on critical end-user industries such as oil and gas, chemical processing, and marine sectors. The reduced investment in new projects and maintenance activities has led to decreased demand for corrosion-resistant alloys. Moreover, the challenges in global logistics and transportation have affected the timely delivery of these specialized materials. The market`s recovery has been contingent on the revival of these key industries and the ability of manufacturers to navigate the supply chain disruptions effectively.
In the Thailand corrosion-resistant alloys market, the Covid-19 pandemic posed challenges due to its effects on industrial activities. Sectors like chemical processing, oil and gas, and marine industries, where corrosion-resistant alloys are crucial, experienced slowdowns. Reduced demand and supply chain disruptions initially affected the market. However, the long-term importance of these alloys in preventing corrosion led to a gradual recovery as industries adapted to the new normal. The market`s recovery was also supported by the resurgence of global economic activities and the gradual revival of construction projects.
In the Thailand corrosion-resistant alloys market, companies like CorroGuard Solutions, ThaiAlloy Innovations, and ResistantMetals Co. have been noteworthy contributors. These entities have been manufacturing and supplying alloys that withstand corrosive environments in various industries. Their dedication to producing high-performance materials has enabled them to maintain their presence in sectors like petrochemicals and marine engineering, despite the pandemic`s impact.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Corrosion Resistant Alloys Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Corrosion Resistant Alloys Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Corrosion Resistant Alloys Market - Industry Life Cycle |
3.4 Thailand Corrosion Resistant Alloys Market - Porter's Five Forces |
3.5 Thailand Corrosion Resistant Alloys Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Corrosion Resistant Alloys Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Thailand Corrosion Resistant Alloys Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Corrosion Resistant Alloys Market Trends |
6 Thailand Corrosion Resistant Alloys Market, By Types |
6.1 Thailand Corrosion Resistant Alloys Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Corrosion Resistant Alloys Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Corrosion Resistant Alloys Market Revenues & Volume, By Iron-based Alloys, 2021-2031F |
6.1.4 Thailand Corrosion Resistant Alloys Market Revenues & Volume, By Nickel-based Alloys, 2021-2031F |
6.1.5 Thailand Corrosion Resistant Alloys Market Revenues & Volume, By Cobalt-based Alloys, 2021-2031F |
6.1.6 Thailand Corrosion Resistant Alloys Market Revenues & Volume, By Others, 2021-2031F |
6.2 Thailand Corrosion Resistant Alloys Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Thailand Corrosion Resistant Alloys Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.3 Thailand Corrosion Resistant Alloys Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.4 Thailand Corrosion Resistant Alloys Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.5 Thailand Corrosion Resistant Alloys Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.2.6 Thailand Corrosion Resistant Alloys Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.7 Thailand Corrosion Resistant Alloys Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Corrosion Resistant Alloys Market Import-Export Trade Statistics |
7.1 Thailand Corrosion Resistant Alloys Market Export to Major Countries |
7.2 Thailand Corrosion Resistant Alloys Market Imports from Major Countries |
8 Thailand Corrosion Resistant Alloys Market Key Performance Indicators |
9 Thailand Corrosion Resistant Alloys Market - Opportunity Assessment |
9.1 Thailand Corrosion Resistant Alloys Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Corrosion Resistant Alloys Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Thailand Corrosion Resistant Alloys Market - Competitive Landscape |
10.1 Thailand Corrosion Resistant Alloys Market Revenue Share, By Companies, 2024 |
10.2 Thailand Corrosion Resistant Alloys Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |