South East Asia Galvanized Steel Market
According to the latest publication from Meticulous Research®, the South East Asia galvanized steel market is projected to reach $25.9 billion by 2031, growing at a CAGR of 14.6% from 2023 to 2031. In terms of volume, the market is expected to reach 27.6 million tons by 2031, with a CAGR of 13.8% during the same period.
The market's growth is primarily driven by increased infrastructure investments, rising demand in the construction industry, and the growing GDPs of countries in the region. However, factors such as the volatility of raw material prices, regulatory compliance and standards, and a decline in the purchase of Chinese steel among Southeast Asian countries due to changing international trade dynamics may hinder market growth.