Product Code: ETC031125 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Ferro-alloys Market is poised for steady growth rate improvements from 2025 to 2029. From 3.19% in 2025, the growth rate steadily ascends to 12.17% in 2029.
By 2027, the Ferro-alloys market in Thailand is anticipated to reach a growth rate of 4.77%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
Ferro-alloys are alloys of iron and other elements such as chromium, manganese, silicon, boron, etc. They are used in a wide range of applications due to their physical properties and performance characteristics. The Thailand ferro-alloy market is expected to grow at a CAGR of 3.5% from 2025 to 2031 with the factors like increasing demand for automobile products and rising disposable incomes driving the growth of the industry.
Automobile production has been on an upswing worldwide and Thailand automotive sector has seen tremendous growth over the past few years; this increased demand for automobiles has also resulted in higher demand for ferro-alloys across various industries including auto parts manufacturing. This has created lucrative opportunities for manufacturers in Thailand Ferro-Alloy Market. Over the last decade, Thailand economy had enjoyed steady economic growth which is reflected in stronger consumer spending power as evidenced by rising disposable income levels among consumers leading them to purchase more expensive items such as cars or luxury goods manufactured using ferro-alloys thereby creating opportunities within this sector .
One major challenge faced by Ferro alloy producers is that they have limited control over price volatility due to its dependence on raw materials availability & pricing which makes it difficult to plan ahead.Additionally, there can be delays or shortfalls when procuring resources resulting from lack of infrastructure, legal bottlenecks or natural disasters causing further disruption in supply chain operations.
Due To Covid 19 pandemic, global economies have suffered greatly ; while some sectors may experience stagnation others may witness sharp declines as a result.In case Of Ferro Alloys Industry, however since it services essential industries such as automotive parts manufacturing & construction ??? its effects will not be felt drastically but some aspects of trading activities might get affected hence affecting local supplies & prices.
Major players operating globally include ArcelorMittal SA (Luxembourg), ThyssenKrupp AG (Germany), Nippon Steel Corporation (Japan), POSCO(South Korea )Essar Steel Ltd.(India )and Tata Steel Limited (India).
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 Ferro-alloys Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Ferro-alloys Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Ferro-alloys Market - Industry Life Cycle |
3.4 Thailand Ferro-alloys Market - Porter's Five Forces |
3.5 Thailand Ferro-alloys Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Thailand Ferro-alloys Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Ferro-alloys Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for stainless steel in various industries such as construction, automotive, and aerospace. |
4.2.2 Growth in infrastructure development projects in Thailand driving the demand for ferro-alloys. |
4.2.3 Favorable government policies and investments to boost the manufacturing sector. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting production costs. |
4.3.2 Environmental regulations and sustainability concerns affecting the production processes. |
4.3.3 Competition from substitute materials like carbon steel impacting the market demand. |
5 Thailand Ferro-alloys Market Trends |
6 Thailand Ferro-alloys Market, By Types |
6.1 Thailand Ferro-alloys Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Ferro-alloys Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Thailand Ferro-alloys Market Revenues & Volume, By Ferrochrome, 2021-2031F |
6.1.4 Thailand Ferro-alloys Market Revenues & Volume, By Ferromanganese, 2021-2031F |
6.1.5 Thailand Ferro-alloys Market Revenues & Volume, By Ferro Silicomanganese, 2021-2031F |
6.1.6 Thailand Ferro-alloys Market Revenues & Volume, By Ferrosilicon, 2021-2031F |
6.2 Thailand Ferro-alloys Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Ferro-alloys Market Revenues & Volume, By Carbon & Low Alloy Steel, 2021-2031F |
6.2.3 Thailand Ferro-alloys Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.2.4 Thailand Ferro-alloys Market Revenues & Volume, By Alloy Steel, 2021-2031F |
6.2.5 Thailand Ferro-alloys Market Revenues & Volume, By Cast Iron, 2021-2031F |
6.2.6 Thailand Ferro-alloys Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Ferro-alloys Market Import-Export Trade Statistics |
7.1 Thailand Ferro-alloys Market Export to Major Countries |
7.2 Thailand Ferro-alloys Market Imports from Major Countries |
8 Thailand Ferro-alloys Market Key Performance Indicators |
8.1 Average selling price of ferro-alloys in Thailand. |
8.2 Capacity utilization rate of ferro-alloy manufacturers. |
8.3 Import/export volume of ferro-alloys in Thailand. |
8.4 Percentage of market share held by key players in the Thailand ferro-alloys market. |
8.5 Research and development investment in new ferro-alloy technologies. |
9 Thailand Ferro-alloys Market - Opportunity Assessment |
9.1 Thailand Ferro-alloys Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Thailand Ferro-alloys Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Ferro-alloys Market - Competitive Landscape |
10.1 Thailand Ferro-alloys Market Revenue Share, By Companies, 2024 |
10.2 Thailand Ferro-alloys Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |