Balkans TMT Steel Bar Market – Global Industry Analysis and Forecast (2024-2030)

Balkans TMT Steel Bar Market was valued US$ 2.54 Bn in 2023 and is estimated to reach approximately US$ 5.18 Bn by 2030 at a CAGR of about 10.7% during a forecast.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Balkans TMT Steel Bar Market Dynamics
Thermo-mechanically treated (TMT) steel bars are high strength reinforcement bars, which are used in construction & infrastructure projects, thanks to their superior strength, weldability, corrosion resistance, and other wanted properties.

Balkans TMT steel bar market is expected to grow quickly due to factors like infrastructural expansion in Balkan and advantages offered by TMT bars over torsional bars. Balkans TMT steel bar market is supplementarily boosted by the increase in demand for low-cost strengthening bars. On the other hand, technical limitations concerned with higher grade TMT bars are expected to hinder the growth of the market.
Balkans TMT Steel Bar Market Segment Analysis
According to the grade type, the Fe 415 grade TMT steel bars hold a major portion of the market in 2023. Fe 415 has a yield stress of 415N per sq mm while the Fe250 has a yield stress of 250N per sq mm. Fe415 rods will be twisted rods which can take more load. When we use Fe250 rods, spaces of rods will be closer intervals whereas in the other case spacing will be more and thereby the quantity of steel required will be less and thus there is a cost reduction.

By the application type, the migration of people to urban areas will ask for augmented shelter this will result in increased percent of residential buildings over year and year. The residential sector is expected to hold a major share in the market. Also, the commercial segment is expected to grow with the highest CAGR of xx % during the forecast period.

Country-wise, an increase in the focus of players on the developing countries such as Bosnia & Herzegovina and Kosovo is expected to boost the market growth. Kosovo is expected to witness noteworthy growth in the future, on account of an increase in construction investment and surge in demand & availability of TMT steel bars in this country.

The objective of the report is to present comprehensive analysis of market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding market dynamics, structure by analyzing the market segments, and project the market size. Clear representation of competitive analysis of key players By Distribution Channel, Type, and regional presence in the market make the report investor’s guide.

ArcelorMittal Zenica, Balkan Steel Engineering Ltd., Essar Steel, HBIS Group, HUS Ltd., Metalopromet d.o.o. Kula, MMD, SIDERAL S.H.P.K., SIJ Group, and TATA Steel are key players of market.
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Balkans TMT Steel Bar Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 2.54 Bn.


Forecast Period 2024 to 2030 CAGR:
10.7%
Market Size in 2030:
US $ 5.18 Bn.


 Segments Covered:
by Diameter Type
6-8 MM
8-12 MM
12 mm & Above


by Application Type
Residential
Commercial
Infrastructure


by Grade Type
Fe-415
Fe-500
Fe-550
Fe-600
Others



Balkans TMT Steel Bar Market,By Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America
Balkans TMT Steel Bar Market Key Players
1. ArcelorMittal Zenica
2. Balkan Steel Engineering Ltd.
3. Essar Steel
4. HBIS Group
5. HUS Ltd.
6. Metalopromet d.o.o. Kula
7. MMD
8. SIDERAL S.H.P.K.
9. SIJ Group
10. TATA Steel.

Frequently Asked Questions:

1. Which region has the largest share in Global Balkans TMT Steel Bar Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Balkans TMT Steel Bar Market?
Ans: The Global Balkans TMT Steel Bar Market is growing at a CAGR of 10.7% during forecasting period 2024-2030

3. What is scope of the Global Market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Balkans TMT Steel Bar Market?
Ans: The important key players in the Global Balkans TMT Steel Bar Market are – ArcelorMittal Zenica, Balkan Steel Engineering Ltd., Essar Steel, HBIS Group, HUS Ltd., Metalopromet d.o.o. Kula, MMD, SIDERAL S.H.P.K., SIJ Group, and TATA Steel.

5. What is the study period of this Market?
Ans: The Global Balkans TMT Steel Bar Market is studied from 2023 to 2030