| Product Code: ETC360805 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The screw thread steel market in Thailand plays a crucial role in the construction and manufacturing sectors. Threaded steel bars are essential components in reinforced concrete structures, offering enhanced strength and durability. The market is characterized by competition among domestic and international steel manufacturers. Thailand construction boom and the need for earthquake-resistant structures have driven the demand for high-quality screw thread steel.
The Thailand screw thread steel market is driven by several factors. Firstly, the construction industry`s robust growth in the country plays a pivotal role. With ongoing infrastructure projects and urbanization, the demand for screw thread steel, a fundamental construction material, remains high. Additionally, Thailand commitment to sustainability and earthquake-resistant structures has driven the adoption of advanced screw thread steel with enhanced properties. Furthermore, government initiatives to promote affordable housing and foreign investments in the real estate sector are boosting the market further. The automotive industry also contributes, as screw thread steel is essential for manufacturing various vehicle components.
The Thailand screw thread steel market faces several challenges, starting with the fluctuating demand from the construction and manufacturing sectors. Economic cycles and government policies can significantly impact the market`s growth trajectory. Quality control and adherence to safety standards are paramount, given the critical role screw thread steel plays in structural applications. Price volatility of raw materials, such as steel, and the need for continuous innovation in product design and manufacturing processes also pose ongoing challenges for market players.
The Thailand screw thread steel market faced challenges during the COVID-19 pandemic as construction and manufacturing activities slowed down. The market`s performance was closely tied to the construction sector, which experienced delays and disruptions due to lockdowns and supply chain interruptions. However, as the government implemented measures to revive the economy and stimulate construction projects, the market began to recover. The adaptation of remote work and digital construction technologies also helped mitigate some of the disruptions. In the post-pandemic era, the market is expected to regain stability and growth as construction activities pick up.
The screw thread steel market in Thailand is led by local companies like Siam Steel International PLC and Thai Metal Trade Co., Ltd. These companies produce high-quality threaded steel bars used in construction and infrastructure projects.