Balkans TMT Steel Bar Market – Industry Analysis and Forecast (2018-2026)
Balkans TMT Steel Bar Market was valued US$ 1.7 Bn in 2017 and 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 segment by diameter, by application, by grade, and by country. On the basis of diameter, the Balkans TMT steel bar market is divided into 68 mm, 812 mm, and 12 mm & Above TMT steel bars. By application, Balkans TMT steel bar is classified into residential, commercial, and infrastructure applications. According to grade, Balkans TMT steel bar is bifurcated into FE-415, FE-500, FE-550, FE-600, and others. Geographically Balkans TMT Steel Bar market is segmented into Macedonia, Kosovo, Albania, Serbia, Bosnia & Herzegovina, and Rest of Balkans.
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.
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Fe 415 grade TMT steel bars holds 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 Fe250 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.
Migration of people to urban areas will ask for increased shelter this will result into increased percent of residential buildings over year and year. Residential sector is projected to hold major share in the Balkans TMT steel bar market. Commercial segment is foreseen to grow with the highest CAGR throughout the forecast period.
Rise in focus of players on the emerging countries such as Bosnia & Herzegovina and Kosovo is expected to boost the market growth. Kosovo is estimated to witness significant growth in the forecast, owing to increase in construction investment and surge in demand & availability of TMT steel bars in this country.
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 Balkans TMT steel bars market.
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Scope of the Balkans TMT Steel Bar Market
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
By Country:
• Macedonia
• Kosovo
• Albania
• Serbia
• Bosnia & Herzegovina
• Rest of Balkans
Key Player Analyzed in Balkans TMT Steel Bar Market:
• 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.
MAJOR TOC OF THE REPORT
Chapter One: TMT Steel Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global TMT Steel Market Competition, by Players
Chapter Four: Global TMT Steel Market Size by Regions
Chapter Five: North America TMT Steel Revenue by Countries
Chapter Six: Europe TMT Steel Revenue by Countries
Chapter Seven: Asia-Pacific TMT Steel Revenue by Countries
Chapter Eight: South America TMT Steel Revenue by Countries
Chapter Nine: Middle East and Africa Revenue TMT Steel by Countries
Chapter Ten: Global TMT Steel Market Segment by Type
Chapter Eleven: Global TMT Steel Market Segment by Application
Chapter Twelve: Global TMT Steel Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of TMT Steel Market Report at: https://www.maximizemarketresearch.com/market-report/balkans-tmt-steel-bar-market/20966/
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