Balkans TMT Steel Bar Market segmented by diameter (68 mm, 812 mm, and 12 mm & Above), by application (residential, commercial, and infrastructure), by grade (FE-415, FE-500, FE-550, FE-600, and others), and by country (Macedonia, Kosovo, Albania, Serbia, Bosnia & Herzegovina, and Rest of Balkans) is estimated to reach approximately US$ 4 Bn by 2026 at a CAGR of about 10.5 % during a forecast.
Balkans TMT steel bar market is anticipated to grow rapidly attributed to factors such as infrastructural development in Balkan and advantages offered by TMT bars over torsional bars. Balkans TMT steel bar market is further boosted by rise in demand for low-cost reinforcement bars. However, technical constraints concerned with higher grade TMT bars are anticipated to hamper the market growth.
Fe 415 grade TMT steel bars held major chunk of the Balkans TMT steel bar market in 2017.
Fe 415 has a yield stress of 415N per sq mm whereas Fe250 has a yield stress of 250N per sq mm. Fe415 rods will be twisted rods which can take more load. When we use Fe 415 rods, spacing of rods will be more closer intervals whereas in the other case spacing will be more and thereby quantity of steel required will be less and thus there is a cost reduction.
Kosovo to emerge with significant growth in Balkans TMT steel bar market.
Rise in focus of players on the emerging countries such as Bosnia & Herzegovina and Kosovo is expected to boost the market growth. Increase in construction investment and surge in demand & availability of TMT steel bars in this country.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as ArcelorMittal Zenica, Balkan Steel Engineering Ltd., Essar Steel, HBIS Group, HUS Ltd., Metalopromet d. o. o. Kula, MM D, SIDERAL S.H.P.K., SIJ Group and TATA.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Balkans TMT Steel Bar Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Balkans TMT Steel Bar Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Balkans TMT Steel Bar Market positioning of competitors.
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