DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added "Southeast Asia Billet Market 2020: Frost Radar Report" to the products of ResearchAndMarkets.com.
The growth and innovation scores emphasized in the methodology used by the report reveal the market positioning of each company.
The document introduces each company's competitive profile based on their strengths, opportunities and market positioning. We discuss the strategic market needs and the competitive environment for supplier operations, and make recommendations for each supplier to stimulate growth.
CEOs of the billet and extrusion industries in Southeast Asia must prioritize sustainability by investing in ways to reduce the organization's carbon footprint. Publishers recognize that value chain integration through secondary production is an emerging trend. Companies in the billet industry are showing a desire to integrate backwards and forwards, thereby simplifying operations and moving towards a sustainable business model. The use of scrap as the main raw material in billet operations is likely to become the benchmark for higher recovery rates; in addition, the internal scrap generated during the extrusion process is the highest in the aluminum industry.
As the LME index price fell to a 3-year low of US$1,400/ton, the COVID-19 pandemic had a negative impact on the industry in the first half of 2020; however, the long-term forecasts for emerging markets in Southeast Asia are bright. In the short term, the market will still be in recovery mode.
Among all industries, the construction industry has the most favorable growth conditions in Southeast Asia. Due to activities in the construction extrusion field, the demand for steel billets has been increasing. Indonesia, Vietnam, India, Thailand, the Philippines and Malaysia have many ongoing construction projects that will stimulate the growth of the billet market.
The publisher predicts that the construction sector will continue to be the largest customer of steel billets, but the trend of lightweight cars will drive demand for steel billets in the automotive industry. In addition, some companies in the industry are developing a niche, high-value billet grade for the defense industry.
In the field of more than 25 industry players, publishers independently mapped the top 10 companies in the Frost Radar analysis. These market participants demonstrated innovation and growth strategies that led to outstanding performance. Publishers attribute this to their proactive product development strategy, which addresses the concerns of regulatory agencies and original equipment manufacturers about the environmental impact.
1. Strategic imperative and growth environment
5. Next steps: Use the report to empower key stakeholders
For more information about this report, please visit https://www.researchandmarkets.com/r/6xl498
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900