Thailand Hot-dip Galvanized Steel Products Market To Witness Huge Growth and Revenue Acceleration, Outlook, Insights forecast 2030
Thailand Hot-dip Galvanized Steel Products Market: Introduction The hot-dip galvanized steel products market in Thailand was valued at over US$ 2.4 Bn in 2019 and is anticipated to expand at a CAGR of ~ 6 % from 2020 to 2030. The construction industry in Thailand has been expanding since the last few years. This has been fueling the demand for hot-dip galvanized metal that can resist corrosive environments. In turn, this has been propelling the hot-dip galvanized steel market in Thailand. Major Drivers of Thailand Hot-dip Galvanized Steel Products Market Currently, Thailand is the 13 th largest exporter of automotive parts and the sixth largest manufacturer of commercial vehicles in the world. It is the largest in ASEAN. According to a study conducted by the International Energy Agency, the number of EVs across the globe is projected to rise to account for 35 % of all vehicles by 2040. On the other hand, popularity of EVs is st...