Global TMT Steel Bar Market is 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 region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) Global Industry Analysis and Forecast 2018-2026. Global TMT Steel Bar Market was valued US$XX Bn in 2017 and is estimated to reach US$XX Bn by 2026 at a CAGR of about XX% during a forecast.
TMT steel bar market is anticipated to grow rapidly owing to different factors such as infrastructural development across globe and advantages offered by TMT bars over torsional bars. TMT steel bar market is further driven by different factors such as rise in demand for low-cost reinforcement bars. Rise in investment by countries such as China in heavy industry is anticipated to provide potential growth opportunities to the market players during the forecast period. However, technical constraints concerned with higher grade TMT bars are anticipated to hamper the market growth.
Fe 415 grade segment accounted for the largest revenue in the TMT steel bar market.
Fe 415 has a yield stress of 415N PER SQMM whereas Fe250 has a yield stress of 250N per sqmm. Usually Fe415 rods will be twisted rods which can take more load.
Residential sector is estimated to hold major share in the TMT steel bar market.
Across all countries urban shares are projected to increase in the coming decades, although at varied rates. By 2050 it is projected that 68 % of the world’s population will live in urban areas (an increase from 54 % in 2016) this will result into increased percent of residential buildings over year and year.
Asia Pacific exhibits the dynamic growth in TMT steel bar market
Asia-Pacific accounted for the largest share of the global TMT steel bar industry. Large markets of China, Japan and India. Rate of growth will be moderate given the relative sluggishness in China’s construction industry, the expansion of which will be undermined by the glut of new residential property. Emerging markets of Southeast Asia, namely the Philippines, Malaysia and Indonesia, will invest heavily in new infrastructure projects, supported by private investment.
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 global 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 global 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 global TMT steel bar market positioning of competitors.
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