U.S (New York)– The “Balkans TMT Steel Bar Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Balkans TMT Steel Bar Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The Balkan TMT steel bar market was valued at $1,769 million in 2017, and is anticipated to reach $4,065 million by 2024, registering a CAGR of 12.5% from 2018 to 2024. In terms of volume, this market accounted for 2,669 thousand tons in 2017, and is anticipated to reach 5,435 tons by 2024, registering a CAGR of 10.6% from 2018 to 2024. Thermo-mechanically treated (TMT) bars are fabricated through a metallurgical process, which combines work hardening with heat treatment for formulating a robust and high-strength product from low-carbon steel. These bars are high-strength reinforcement bars, which are widely used in the construction industry, due to their high ductility, resistance to corrosion, weldability, and other desirable physical properties.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Advantages offered by TMT steel bars over other products such as cold twisted deformed steel bars, upsurge in demand for low-cost reinforcement bars, and rise in construction projects such as dams and bridges in the Balkans are the key factors that augment the growth of the Balkan TMT steel bar market.
Furthermore, EU support and cooperation in coal & steel production in the Balkans is expected to boost the market growth. However, technical constraints such as bendability associated with higher grade TMT bars impede the market growth. Conversely, increase in investment by other countries such as China in Balkans heavy industry is anticipated to provide future growth opportunities to the market.
The Balkans TMT steel bar market is segmented based on diameter, application, grade, and country. On the basis of diameter, the market is divided into 6-8 mm, 8-12 mm, and 12 mm & above TMT steel bars. The applications covered in the study include residential, commercial and infrastructure. Depending on grade, the market is fragmented into FE-415, FE-500, FE-550, FE-600, and other. Country wise, it is analyzed across Macedonia, Kosovo, Albania, Serbia, Bosnia & Herzegovina, and rest of Balkans.
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KEY BENEFITS
This report entails a detailed quantitative analysis of the current market trends from 2017 to 2024 to identify the prevailing opportunities along with strategic assessment of the Balkans TMT steel bar market.
Market volume, size, and estimations are based on comprehensive analysis of the grades, applications, and diameters of the products.
An in-depth country-based analysis assists to understand the regional market and facilitate the strategic business planning.
Key market players are thoroughly analyzed to understand the competitive outlook of the market.
The list of key players operating in this market includes:
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
TATA Steel
The other players included in the value chain analysis (and not included in the report) include:
Eurometal Bulgaria Ltd.
Ovako Bulgaria
Metalfer Group
KEY MARKET SEGMENTS
By Diameter
6-8 mm
8-12 mm
12 mm & above
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By Application
Residential
Commercial
Infrastructure
By Grade
Fe-415
Fe-500
Fe-550
Fe-600
Others
Country
Macedonia
Kosovo
Albania
Serbia
Bosnia & Herzegovina
Rest of Balkans
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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