Southeast Asian Billet Market Competitiveness of the Top 10 Companies 2021

DUBLIN, November 25, 2021–(BUSINESS WIRE)–The “Southeast Asian Billet Market, 2020: Frost Radar Report” has been added to ResearchAndMarkets.com’s offer.

The report reveals the market positioning of each company through its growth and innovation scores as indicated in the methodology.

The document presents competitive profiles of each of the companies based on their strengths, opportunities and market positioning. We discuss strategic market requirements and the competitive environment in which suppliers operate and make recommendations for each supplier to drive growth.

CEOs in Southeast Asia’s billet and extrusion industries must prioritize sustainability by investing in ways to reduce their organization’s carbon footprint. The publisher recognizes that value chain integration through secondary manufacturing is an emerging trend. Companies in the billet industry show a desire to integrate backwards and forwards, streamlining their operations towards a sustainable business model. The use of scrap as a major feedstock in billets is likely to become a benchmark for a higher recyclability ratio; also, the amount of internal scrap generated during the extrusion process is highest in the aluminum industry.

The COVID-19 pandemic negatively impacted the industry in the first half of 2020, as LME index prices plunged to a three-year low of $1,400/MT; however, the long-term outlook for emerging markets in Southeast Asia is rosy. For the short term, the market remains in recovery mode.

Of all sectors, construction has the most favorable growth conditions in Southeast Asia, where billet demand has increased in response to activity in the architectural extrusion segment. Indonesia, Vietnam, India, Thailand, Philippines and Malaysia have many ongoing construction projects that will drive the growth of the billet market.

The publisher expects the construction segment to remain the largest customer of billets, but the trend of lightweight vehicles will position the automotive sector and drive demand for billets. In addition, some companies in the industry are developing a niche, high-end billet grades for the defense industry.

Covering more than 25 industry participants, the publisher independently charted the top 10 companies in the Frost Radar analysis. These market participants have demonstrated innovation and growth strategies that have led to superior performance. The publisher attributes this to their proactive product development strategies that address the environmental impact concerns of regulators and OEMs.

Main topics covered:

1. Strategic imperative and growth environment

  • Strategic imperative

  • Growing environment

2. Frost radar

3. Businesses to Action

  • Alca Metals (PT. ALFO CITRA ABADI)

  • Formosa Shyen Horng Metal Sdn. Bhd

  • Hindalco Industries Ltd

  • Jindal Aluminum (JAL)

  • Mien Hua Precision Mechanical Co. Ltd

  • National Aluminum Company Limited (NALCO)

  • Press Metal

  • PT Indal Aluminum Industry Tbk (Indal)

  • PT Indonesia Asahan Aluminum (Inalum)

  • Tostem Thai Co Ltd

4. Strategic insights

5. Next Steps: Using the Report to Empower Key Stakeholders

  • Meaning of being on the Frost Radar

  • Strengthens the CEO’s growth team

  • Enables investors

  • Enables customers

  • authorizes the board of directors

For more information on this report, visit https://www.researchandmarkets.com/r/6xl498

Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20211125006087/nl/

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