Thailand Steel Market Size, Share & Outlook Report 2033

Thailand Steel Market Size, Share, Trends and Forecast by Type, Product, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A38159

Thailand Steel Market Overview:

The Thailand steel market size reached USD 6,119.82 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 8,076.13 Million by 2033, exhibiting a growth rate (CAGR) of 3.13% during 2025-2033. Infrastructure development, urbanization, construction demand, and manufacturing growth are some of the factors contributing to Thailand steel market share. Government initiatives, such as the Eastern Economic Corridor (EEC), along with increasing demand for automotive and electrical products, also significantly contribute to market expansion and steel consumption.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 6,119.82 Million
Market Forecast in 2033	USD 8,076.13 Million
Market Growth Rate 2025-2033	3.13%

Thailand Steel Market Trends:

Shift toward Sustainable and Premium Steel Products

Thailand's steel market is increasingly embracing high-quality, eco-friendly products, especially in the kitchenware sector. Manufacturers are focusing on producing durable, functional stainless steel items that not only meet consumer needs but also emphasize sustainability. The demand for innovative, long-lasting products is on the rise, particularly as more consumers prioritize environmentally conscious choices. Companies are adapting to this growing preference by investing in advanced production capabilities and creating products that align with global sustainability trends. This shift reflects a broader movement toward reducing environmental impact, promoting responsible manufacturing, and meeting the demands of a more eco-aware consumer base. As the market evolves, the emphasis on sustainable steel production practices continues to shape Thailand’s industrial landscape. These factors are intensifying the Thailand steel market growth. For example, in August 2024, Myrex Thailand re-entered the stainless steel cookware market with the launch of its MEYER White Steel and Luna Series. This move aims to capture the THB 35 Billion kitchenware market, driven by a focus on quality, functionality, and sustainability. With a production capacity of over 150,000 units daily, Myrex plans to strengthen its global cookware leadership and expand its reach among home cooking enthusiasts.

Innovative Approach to Base Metal Production

In Thailand, the steel market is experiencing a shift toward more efficient metal production, driven by new developments in the oil and petrochemical industries. A new plant in the Eastern Economic Corridor (EEC) is set to produce essential base metals, including steel, by recycling spent catalysts from oil refining and petrochemical processes. This initiative aligns with the country’s goals to reduce metal imports, boost exports, and strengthen the circular economy. The plant, supported by substantial investment, will use advanced technology to improve resource efficiency and waste management. As the industry evolves, this project represents a significant step in modernizing Thailand’s industrial landscape and enhancing its competitive position in the global market. For instance, in April 2024, PLUS Exploration, a key player in Thailand’s oil and gas and petrochemical sectors, partnered with Chinese investors to create the country’s first base metal production plant from spent catalysts. The joint venture, backed by over THB 1 Billion in investment, aims to produce essential base metals, including steel, from spent catalysts sourced from the oil refining and petrochemical industries. Located in the Eastern Economic Corridor (EEC), the plant supports Thailand’s national goals to reduce metal imports, boost exports, and enhance the circular economy with eco-friendly technology.

Thailand Steel Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, product, and application.

Type Insights:

Flat Steel
Long Steel

The report has provided a detailed breakup and analysis of the market based on the type. This includes flat steel and long steel.

Product Insights:

Structural Steel
Prestressing Steel
Bright Steel
Welding Wire and Rod
Iron Steel Wire
Ropes
Braids

A detailed breakup and analysis of the market based on the product have also been provided in the report. This includes structural steel, prestressing steel, bright steel, welding wire and rod, iron steel wire, ropes, and braids.

Application Insights:

Building and Construction
Electrical Appliances
Metal Products
Automotive
Transportation
Mechanical Equipment
Domestic Appliances

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes building and construction, electrical appliances, metal products, automotive, transportation, mechanical equipment, and domestic appliances.

Regional Insights:

Bangkok
Eastern
Northeastern
Southern
Northern
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Bangkok, Eastern, Northeastern, Southern, Northern, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Thailand Steel Market News:

In February 2025, Meranti Green Steel (Thailand) Co., Ltd. led Thailand’s transition toward environmentally sustainable steel production. With steel manufacturing responsible for 8% of global carbon emissions, the company is promoting “Green Steel” as a solution to reduce these emissions. As Asia's major steel producers embrace eco-friendly methods, Meranti aims to position Thailand at the forefront of green steel production, attracting international investment and improving environmental practices in the steel industry.

Thailand Steel Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Product Application Region
Types Covered	Flat Steel, Long Steel
Products Covered	Structural Steel, Prestressing Steel, Bright Steel, Welding Wire and Rod, Iron Steel Wire, Ropes, Braids
Applications Covered	Building and Construction, Electrical Appliances, Metal Products, Automotive, Transportation, Mechanical Equipment, Domestic Appliances
Regions Covered	Bangkok, Eastern, Northeastern, Southern, Northern, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Thailand steel market performed so far and how will it perform in the coming years?
What is the breakup of the Thailand steel market on the basis of type?
What is the breakup of the Thailand steel market on the basis of product?
What is the breakup of the Thailand steel market on the basis of application?
What is the breakup of the Thailand steel market on the basis of region?
What are the various stages in the value chain of the Thailand steel market?
What are the key driving factors and challenges in the Thailand steel market?
What is the structure of the Thailand steel market and who are the key players?
What is the degree of competition in the Thailand steel market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Thailand steel market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Thailand steel market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Thailand steel industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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