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Long Steel Market Study Report Based on Size, Shares, Key Prospects, Industry Trends and Forecast to 2028

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Long Steel Market Study Report Based on Size, Shares, Key Prospects, Industry Trends and Forecast to 2028

August 13
00:19 2021
Long Steel Market Study Report Based on Size, Shares, Key Prospects, Industry Trends and Forecast to 2028
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The global long steel market size is expected to reach USD 701.69 Billion at a steady CAGR of 3.6% in 2028, according to latest analysis by Emergen Research.

Increasing global long steel market revenue growth can be attributed to rapid growth of the construction industry due to surging demand due to increasing industrialization and urbanization, particularly in developing countries. Long steel products are used in the construction industry for installations, foundations, and supports required in buildings, as well as for columns, paneling, and walls, among other construction applications. Long steel products such as rebars are highly reliable as structural application materials. Steel rebars are essential in construction of impact-resistant structures for more modernized residential, commercial, and industrial buildings.

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The report provides an in-depth analysis of the competitive landscape and covers profiles of key players, along with their product portfolios and business strategies. Key players of the market mentioned in the report are Nucor Corporation, Gerdau SA, Tata Steel Limited, Steel Dynamics Inc., ArcelorMittal SA, POSCO, Ansteel Group Corporation Limited, Nippon Steel Corporation, Mechel PAO, and Acerinox SA. The report offers an in-depth analysis of strategic initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions, among others.

Some Key Highlights From the Report

  • In December 2019, Gerdau Aços Longos, which is a subsidiary of Gerdau SA, announced the acquisition of Silat (Siderúrgica Latino Americana), which is a company manufacturing long steel products. The annual manufacturing capacity of Silat is 600,000 tons of products made of long steel, comprising primarily wire rods and rebars.
  • Wire rods find application mostly for producing wires and deployed in engineering, aviation, and reinforcing concrete structures. For instance, steel wire rods are used in the production of reinforcement cages and to produce round, rectangular, or square assembly clamps. Reinforcing cages are used to reinforce girders, monolithic columns, cross-tops, belts, and lintel strip foundations.
  • Long steel market in Asia Pacific accounted for fastest revenue share growth in 2020 and trend is expected to continue over the forecast period. This can be attributed to rapid growth in the urbanization trend in countries such as China and India, which is driving steady growth of the construction industry. Additionally, presence of leading companies in the region is supporting market growth.

Emergen Research has segmented the global long steel market on the basis of production process, product type, application, distribution channel, and region:

  • Production Process Outlook (Revenue, USD Billion; 2018–2028)
    • Electric Arc Furnace
    • Basic Oxygen Furnace
  • Product Type Outlook (Revenue, USD Billion; 2018–2028)
    • Wire Rod
    • Rebar
    • Rail
    • Merchant Bar
    • Others
  • Application Outlook (Revenue, USD Billion; 2018–2028)
    • Industrial
    • Construction
    • Railways
    • Others
  • Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
    • Direct
    • Indirect

The research report is an investigative study providing a conclusive view of the Long Steel business sphere by an in-depth segmentation of the market into key applications, types, and regions. These segments are analyzed on the basis of present, emerging, and future trends. The regional segmentation provides current and forecast demand estimation for the Long Steel industry in key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

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Key Summary of the Long Steel Market Report:

  • Insightful information regarding the global Long Steel market
  • Identification of growth in various segments and sub-segments of the Long Steel market
  • Strategic recommendations for investment opportunities
  • The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
  • Emerging trends and current market segment analysis to help investors formulate new business strategies
  • Accelerates the decision making process through the detailed description of the drivers, restraints, growth prospects, and limitations
  • Thorough SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Long Steel Market Segmentation & Impact Analysis
    4.1. Long Steel Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers’ analysis
                    4.2.2.1. Surging urbanization rate
                    4.2.2.2. Growing focus on infrastructure development
                    4.2.2.3. Growth of the automotive industry
                    4.2.2.4. Rising disposable income
          4.2.3. Market restraints analysis 
                    4.2.3.1. Fluctuating price of raw materials
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

CONTINUED…!!

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/long-steel-market

Thank you for reading our report. To know more about the report, please connect with us, and our team will ensure the report is customized to meet your requirements.

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Website: www.emergenresearch.com/industry-report/long-steel-market