Global Long Steel Market, By Process (Basic Oxygen Furnace, Electric Arc Furnace), Product Type (Rebar, Wire Rod, Merchant Bar, Rail, Others), Type (Structural Steel, Prestressing Steel), End User (Infrastructure, Railways, Industrial, Construction, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Long Steel Market
Long steel market size is valued at USD 757.72 billion by 2028 and is expected to grow at a compound annual growth rate of 3.9% for the forecast period of 2021 to 2028. Data Bridge Market Research report on long steel market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Long steel is broadly used for construction purposes and also to provide structural support to the body of the building. In the field of construction, long steels are highly preferred over flat steel due to their wide-ranging tensile strength and ductility of the product.
The ever-increasing investments in infrastructural activities associated with increasing investments have highly influenced growth of the long steel market. In line with this, the growing use of advanced high strength steel (AHSS) in electric vehicles is also acting as a key determinant favoring the growth of the long steel market over the forecast period of 2021 to 2028. Also the, rapid rate of urbanization and increasing construction activities, escalating rail project horizons, increasing industrialization and growing population levels are also positively impacting the growth of the long steel market. The major factor accountable for the growth of the market is the rapidly increasing demand from construction, railways and industrial applications.
However, the volatile prices of raw materials as well as COVID-19 outbreak and vulnerability of the construction industry may act as key restraint towards long steel market growth rate in the forecast period of 2021 to 2028, whereas the global situation of overcapacity have the potential to challenge the growth of the long steel market in the above mentioned forecast period.
Furthermore, the emergence of value-added rebar products as well as the rising capacity utilization and capacity extension will further offer a variety of growth opportunities for the long steel market in the above mentioned forecast period.
This long steel market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on long steel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Long Steel Market Scope and Market Size
Long steel market is segmented on the basis of process, product type, type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of process, the long steel market is segmented into basic oxygen furnace and electric arc furnace. Basic oxygen furnace segment is anticipated to account for the largest share of the market owing to its various advantages.
- On the basis of product type, the long steel market is segmented into rebar, wire rod, merchant bar, rail and others. Rebar is estimated to account for the largest share of the market due to the increasing usage of rebar as reinforcement in steel to increase its tensile strength.
- Based on type, the long steel market is segmented into structural steel and prestressing steel.
- The end user segment for long steel market is segmented into infrastructure, railways, industrial, construction and others.
Long Steel Market Country Level Analysis
Long steel market is analyzed and market size, volume information is provided by country, process, product type, type and end user as referenced above.
The countries covered in the long steel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-pacific leads the long steel market because of the strong presence of various global steelmakers as well as easy availability of labor and raw materials at low-cost within this particular region. Middle East and Africa is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to rapidly rising construction and industrial activities within this particular region.
The country section of the long steel market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Long Steel Market Share Analysis
Long steel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to long steel market.
The major players covered in the long steel market report are ArcelorMittal, Gerdau S/A, NIPPON STEEL CORPORATION, POSCO, Nucor Corporation, China BaoWu Steel Group Corporation Limited, CMC, PAO Mechel, Steel Dynamics, Inc., NLMK, Outokumpu, Acerinox S.A., TATA STEEL LONG PRODUCTS LIMITED, Daido Steel Co., Ltd., SHAGANG GROUP Inc., Ansteel Group Corporation Limited, JFE Steel Corporation, EVRAZ plc, HBIS GROUP and HYUNDAI STEEL among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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