Steel Bar Market To Witness Enhanced Applications In Oil And Gas Sector Till 2022 | Million Insights

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According to new report available with Million Insights, Driving factors responsible for the steel bar market includes manufacture of several products such as anchor bolts, industrial nozzles & valves, food processing equipment, machine and automotive shafts, fittings & faucets and reinforcing bars.

The global steel bar market witnessed a positive CAGR growth in the assessment years. Steel bar exhibit ductility and strength related capacities and are largely controlled by steel reinforcing bars since it places special requirements particularly by regulating the inelastic portion of stress-strain curve that largely depends on the rebar manufacturing method besides chemical and metallurgical compositions of the steel used.

There are two typical processes for reinforcing bars of higher strength using mild steel comprising either cold-working or heat treatment. Cold working process involves twisting and stretching of mild steel to gain cold twisted deformed bars of the amplified strength, even though it lessens the ductility in the material. Other method uses thermos-mechanical treatment processes under which the red hot rebars are cooled with a set of water jets causing a hardened outer layer surrounding softer core. The derived rebars possess higher yield strength than the original mild steel and is considered as a superior ductility, weldability and bendability.

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Driving factors responsible for the steel bar market includes manufacture of several products such as anchor bolts, industrial nozzles & valves, food processing equipment, machine and automotive shafts, fittings & faucets and reinforcing bars. In addition, the rise in application areas of steel bars positively impacts in oil and gas sector.

Geographical segmentation for the steel bar market spans North America, South America, Europe, Asia-Pacific, Middle-East and Africa. Asia-Pacific steel bar industry dominated the market growth owing to rise in human population, rise in infrastructure and growing expenses of government for steel manufacture. North America and Europe market also anticipated in a higher growth CAGR due to extensive demand for steel and lightweight steel components. The key players in the steel bar market include ArcelorMittal, Allegheny Technologies Inc, Dongebei Special Steel Group Co Ltd, Crucible Industries LLC, ThyssenKrupp Steel Europe AG, Shri Bhagvati Bright Bars Limited, J.H. Stainless, Walsin Lihwa Corporation, and Tsingshan Holding Group Co Ltd.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Steel Bar in these regions, from 2012 to 2022 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India

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Global Steel Bar market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Arcelormittal
• Gerdau SA
• Nippon Steel & Sumitomo Metal Corporation
• Steel Authority of India Limited (SAIL)
• Tata Steel
• Essar Steel
• Mechel OAO
• Evraz PLC
• Commercial Metals Company (CMC)
• Jindal Steel & Power Ltd.

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Deformed Steel Bar
• Mild Steel Steel Bar

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Steel Bar for each application, including
• Infrastructure
• Building
• Industrial

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/metals-and-mineral

 

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