Balkans TMT Steel Bar Market - Forecast(2021 - 2026)

Report Code: CMR 44047 Report Format: PDF + Excel (Delivery in 48 Hrs)
Balkans TMT Steel Bar Market size is forecast to reach $5 billion by 2025, after growing at a CAGR of 10.5% during 2020-2025. High grade TMT steel bars are thermo-mechanically treated bars having a tough outer core and soft inner core. They have high specific strength and excellent corrosion resistance owing to its use in various infrastructural and construction activities. Increasing demand from construction industries for a high-quality product with good durability and corrosion resistance is driving the growth of Balkans TMT steel bars market globally. Moreover, government supports and policies like National Steel Policy (2017) and the advantages of thermo-mechanically treated steel bars over torsional bars are also driving the growth of Balkans TMT steel bars market.

Report Coverage
The report: “Balkans TMT Steel Bar Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Balkans TMT Steel Bar Industry.

By Grade: Fe 415, Fe 500, Fe 500D, Fe 550, Fe 600 and Others
By Diameter: 8 - 12 mm, 12 - 20 mm, Over 20 mm
By Application: Residential, Commercial (School & Colleges, Factories, Hospitals, Others) Infrastructural (Dams, Highways, Bridges and Others) 
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways 
  • An increase of 3.3% in production of steel in 2018-19 has led India to attain 2nd position after China in steel production, subsequently escalating the growth of Balkans TMT steel bar in Indian market.
  • Trade war between U.S and China has brought struggles for the steel manufacturers due to high tariffs, further impacting the growth of Balkans TMT steel bar market.
  • Lockdown and unavailability of workers due to the outbreak of COVID-19 has decreased the production which in turn also impacted the Balkans TMT steel bar market industry growth. For instance, According to Indian Steel Association (ISA), the spread of pandemic and subsequent lockdown will lead to decline in demand of steel by 13 million tons or by 12.2% in 2020. This decrease in demand of steel badly affects the growth of Balkans TMT steel bars market.

Grade - Segment Analysis
Among the grade, the Fe 415 segment holds the largest share of more than 30% Balkans TMT steel bar market in 2019 owing to its high ductility the demand for Fe 414 TMT steel bar is growing from the seismic prone zones. Furthermore, the Fe 415 grade TMT bars have yield strength of 415 N/mm2 and ultimate tensile strength of 485 N/mm2. Percentage elongation of Fe 415 grade iron is 14.5 which is comparatively higher than other grade. Moreover, the availability of Fe 415 grade TMT bars in different cross-sections such as 8mm, 10mm etc. has made them suitable for various constructional applications.

By Diameter – Segment Analysis
Based on the diameter, 12-20 mm segment is the fastest growing segment in the Balkans TMT steel bar market during the forecast period. The properties of 12-20 mm TMT steel bar like ease in weld ability, high bending strength, and ability to withstand high temperature makes them suitable for the use of various commercial and infrastructural applications that further leads to fuel the growth of 12-20 mm Balkans TMT bar segment during the forecast period. Furthermore, the 12 -20 mm TMT bars are used in beams and columns in order to withstand external loads whereas TMT bars of over 20 mm are used in construction of complex structures such as dams and bridges. 

Application - Segment Analysis
Based on the application, the residential segment holds the largest share of more than 40% Balkans TMT steel bar market in 2019 due to growing building and construction activities along with increasing population globally. According to the U.S Census Bureau, in March 2020, the completed residential housing constructions were 1,227,000 in the United States and is expected to grow, substantially augmenting the demand of Balkans TMT steel bar in the U.S market.  Moreover, focus of government on reforming and construction of infrastructures such as ENABLE Build Programme by UK government and Indira Awaas Yojana by Indian government is boosting the demand of Balkans TMT steel bar. 

Geography- Segment Analysis
Asia Pacific dominated the Balkans TMT steel bar market with a share of more than 35% in 2019, followed by the North America and Europe. Rapid industrialization and urbanization have driven the growth of Balkans TMT steel bar market in APAC region during the forecast period. Furthermore, the rise in disposable income coupled with high standard of living has also accelerated the construction activities across the emerging nations like China and India, which in turn drives the growth of this market in APAC region. China and India have shown highest growth in the Balkans TMT steel bar market due to the increase in Infrastructural activities such as dams, metro lines, and skyscrapers across the country. Moreover, rise in need for housing of rapidly growing population is also augmenting the growth of Balkans TMT steel bar market in APAC region. According to Oxford Economics, global construction output will grow by 85% to $15.5 trillion by 2030, with China, US and India, leading the way and accounts for 57% of all global growth subsequently aiding the growth of Balkans TMT steel bar in APAC market.

Drivers – Balkans TMT Steel Bar Market
  • Increase in construction activities
Increase in construction activities without compromising the strength and safety is driving the growth of Balkans TMT steel bar market. They offer excellent corrosion and aging resistance which gives strength to infrastructure. Balkans TMT bars are ductile and are widely used for construction activities. According to International Energy Agency, global floor area in buildings is expected to double to more than 415 billion square meters by 2050 which in turn propels the growth of Balkans TMT steel bars market globally. Moreover, government focus on improving infrastructure and road projects is boosting the demand of Balkans TMT bars. Ongoing governmental projects in India such as Anpara Coal Based Power Project and Amarja Irrigation Project in 2019 is likely to aid the demand of Balkans TMT steel bars in Indian Market.

  • Exceptional properties of TMT bars
TMT bars can provide 20% more strength as compared to ordinary steel bars. They have high tensile strength and the soft inner core of TMT bars make them flexible. Greater shock absorbing properties of TMT bars led their use in earthquake prone areas for construction activities, subsequently fueling the growth of Balkans TMT steel bar market. Additionally, resistant to corrosion and special ribbed design of TMT bars for a stronger bond with concrete make them the right choice for buildings and infrastructures. Excellent bending ability coupled with ease in welding, allow engineers to construct complex infrastructures substantially boosting its market growth.

Challenges – Balkans TMT Steel Bar Market
  • Volatility in prices of iron ore
TMT bars are made from iron which is extracted from iron ore. Due to the lack of iron ore in the market, prices of TMT bars are reaching the sky. According to Indian ministry, the lease of 31 working iron ore mines have expired on 31 March 2020 as per provision of section 8A(6) of MMDRA act which in turn greatly affect the market and lead to a shortfall of 60 million tons of iron ore in the Indian market. Volatility in prices of raw material and their scarcity acts as a restraining factor for the growth of Balkans TMT bar market. According to Indian Brand Equity Foundation (IBEF), government of India has raised import duty on most of steel items twice, each time by 2.5 % and imposed measures including antidumping of steel and iron further impacting the Balkans TMT steel bar market.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Balkans TMT steel bar market. In 2019, the market of Balkans TMT steel bar has been consolidated by the top five players accounting for xx% of the share. Major players in the Balkans TMT steel bar market are 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, Eurometal Bulgaria Ltd., and Ovako Bulgaria among others. 

Acquisitions/Technology Launches
  • In December 2019, ArcelorMittal has acquired Essar Steel and simultaneously signed a joint venture with Nippon Steel Corporation. The acquisition led ArcelorMittal to strengthen their business and meet the demands of steel in Indian Market.
  • In May 2019, Steel Authority of India Ltd. (SAIL) has launched a new brand of TMT bars named SAIL SeQR. SeQR has higher strength combined with better ductility that would enhance the safety in construction activities.
  • In December 2018, Tata Steel has launched its best in class Tata Tiscon SD in Southern Indian market. The new product was made with improved mix of carbon, phosphorus, sulphur and other alloying elements along with post rolling treatment for more flexible bars.

1. Balkans TMT Steel Bar Market- Market Overview
    1.1 Definitions and Scope
2. Balkans TMT Steel Bar Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Grade
    2.3 Key Trends by Diameter
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Balkans TMT Steel Bar Market- Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Balkans TMT Steel Bar Market - Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Balkans TMT Steel Bar Market– Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Balkans TMT Steel Bar Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Steel Bargaining power of suppliers
        6.4.2 Steel Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Balkans TMT Steel Bar Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Balkans TMT Steel Bar Market– By Grade (Market Size -$Million)
    8.1 Fe 415
    8.2 Fe 500
    8.3 Fe 500D
    8.4 Fe 550
    8.5 Fe 600
    8.6 Others
9. Balkans TMT Steel Bar Market– By Diameter (Market Size -$Million)
    9.1 8 - 12 mm
    9.2 12 - 20 mm
    9.3 Over 20 mm
10. Balkans TMT Steel Bar Market– By Application (Market Size -$Million)
    10.1 Residential
    10.2 Commercial
        10.2.1 Factories
        10.2.2 Schools & Colleges
        10.2.3 Hospitals
        10.2.4 Others
    10.3 Infrastructural 
        10.3.1 Dams
        10.3.2 Highways
        10.3.3 Bridges
        10.3.4 Others
11. Balkans TMT Steel Bar Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Russia
        11.3.6 Spain
        11.3.7 Netherland
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 South Korea
        11.4.5 Australia & New Zealand
        11.4.6 Rest of Asia Pacific
    11.5 RoW
        11.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of Middle East
        11.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
12. Balkans TMT Steel Bar Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Balkans TMT Steel Bar Market Share Analysis (Premium)
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Balkans TMT Steel Bar Market- List of Key Companies by Country (Premium) 
15. Balkans TMT Steel Bar Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Balkan Tmt Steel Bar Market, By Diameter Market 2019-2024 ($M)
1.1 And Forecast Market 2019-2024 ($M) - Global Industry Research
1.2 68 Mm Market 2019-2024 ($M) - Global Industry Research
1.3 812 Mm Market 2019-2024 ($M) - Global Industry Research
1.4 12 Mm Above Market 2019-2024 ($M) - Global Industry Research
2.Global Balkan Tmt Steel Bar Market, By Grade Market 2019-2024 ($M)
2.1 Fe-415 Market 2019-2024 ($M) - Global Industry Research
2.2 Fe-500 Market 2019-2024 ($M) - Global Industry Research
2.3 Fe-550 Market 2019-2024 ($M) - Global Industry Research
2.4 Fe-600 Market 2019-2024 ($M) - Global Industry Research
3.Global Balkan Tmt Steel Bar Market, By Diameter Market 2019-2024 (Volume/Units)
3.1 And Forecast Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 68 Mm Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 812 Mm Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 12 Mm Above Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Balkan Tmt Steel Bar Market, By Grade Market 2019-2024 (Volume/Units)
4.1 Fe-415 Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Fe-500 Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Fe-550 Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Fe-600 Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Balkan Tmt Steel Bar Market, By Diameter Market 2019-2024 ($M)
5.1 And Forecast Market 2019-2024 ($M) - Regional Industry Research
5.2 68 Mm Market 2019-2024 ($M) - Regional Industry Research
5.3 812 Mm Market 2019-2024 ($M) - Regional Industry Research
5.4 12 Mm Above Market 2019-2024 ($M) - Regional Industry Research
6.North America Balkan Tmt Steel Bar Market, By Grade Market 2019-2024 ($M)
6.1 Fe-415 Market 2019-2024 ($M) - Regional Industry Research
6.2 Fe-500 Market 2019-2024 ($M) - Regional Industry Research
6.3 Fe-550 Market 2019-2024 ($M) - Regional Industry Research
6.4 Fe-600 Market 2019-2024 ($M) - Regional Industry Research
7.South America Balkan Tmt Steel Bar Market, By Diameter Market 2019-2024 ($M)
7.1 And Forecast Market 2019-2024 ($M) - Regional Industry Research
7.2 68 Mm Market 2019-2024 ($M) - Regional Industry Research
7.3 812 Mm Market 2019-2024 ($M) - Regional Industry Research
7.4 12 Mm Above Market 2019-2024 ($M) - Regional Industry Research
8.South America Balkan Tmt Steel Bar Market, By Grade Market 2019-2024 ($M)
8.1 Fe-415 Market 2019-2024 ($M) - Regional Industry Research
8.2 Fe-500 Market 2019-2024 ($M) - Regional Industry Research
8.3 Fe-550 Market 2019-2024 ($M) - Regional Industry Research
8.4 Fe-600 Market 2019-2024 ($M) - Regional Industry Research
9.Europe Balkan Tmt Steel Bar Market, By Diameter Market 2019-2024 ($M)
9.1 And Forecast Market 2019-2024 ($M) - Regional Industry Research
9.2 68 Mm Market 2019-2024 ($M) - Regional Industry Research
9.3 812 Mm Market 2019-2024 ($M) - Regional Industry Research
9.4 12 Mm Above Market 2019-2024 ($M) - Regional Industry Research
10.Europe Balkan Tmt Steel Bar Market, By Grade Market 2019-2024 ($M)
10.1 Fe-415 Market 2019-2024 ($M) - Regional Industry Research
10.2 Fe-500 Market 2019-2024 ($M) - Regional Industry Research
10.3 Fe-550 Market 2019-2024 ($M) - Regional Industry Research
10.4 Fe-600 Market 2019-2024 ($M) - Regional Industry Research
11.APAC Balkan Tmt Steel Bar Market, By Diameter Market 2019-2024 ($M)
11.1 And Forecast Market 2019-2024 ($M) - Regional Industry Research
11.2 68 Mm Market 2019-2024 ($M) - Regional Industry Research
11.3 812 Mm Market 2019-2024 ($M) - Regional Industry Research
11.4 12 Mm Above Market 2019-2024 ($M) - Regional Industry Research
12.APAC Balkan Tmt Steel Bar Market, By Grade Market 2019-2024 ($M)
12.1 Fe-415 Market 2019-2024 ($M) - Regional Industry Research
12.2 Fe-500 Market 2019-2024 ($M) - Regional Industry Research
12.3 Fe-550 Market 2019-2024 ($M) - Regional Industry Research
12.4 Fe-600 Market 2019-2024 ($M) - Regional Industry Research
13.MENA Balkan Tmt Steel Bar Market, By Diameter Market 2019-2024 ($M)
13.1 And Forecast Market 2019-2024 ($M) - Regional Industry Research
13.2 68 Mm Market 2019-2024 ($M) - Regional Industry Research
13.3 812 Mm Market 2019-2024 ($M) - Regional Industry Research
13.4 12 Mm Above Market 2019-2024 ($M) - Regional Industry Research
14.MENA Balkan Tmt Steel Bar Market, By Grade Market 2019-2024 ($M)
14.1 Fe-415 Market 2019-2024 ($M) - Regional Industry Research
14.2 Fe-500 Market 2019-2024 ($M) - Regional Industry Research
14.3 Fe-550 Market 2019-2024 ($M) - Regional Industry Research
14.4 Fe-600 Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
2.Canada Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
3.Mexico Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
4.Brazil Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
5.Argentina Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
6.Peru Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
7.Colombia Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
8.Chile Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
9.Rest of South America Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
10.UK Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
11.Germany Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
12.France Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
13.Italy Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
14.Spain Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
15.Rest of Europe Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
16.China Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
17.India Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
18.Japan Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
19.South Korea Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
20.South Africa Balkans TMT Steel Bar Market Revenue, 2019-2024 ($M)
21.North America Balkans TMT Steel Bar By Application
22.South America Balkans TMT Steel Bar By Application
23.Europe Balkans TMT Steel Bar By Application
24.APAC Balkans TMT Steel Bar By Application
25.MENA Balkans TMT Steel Bar By Application
26.Arcelormittal Zenica, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Balkan Steel Engineering Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Essar Steel, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Hbis Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Metalopromet D. O. O. Kula, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Mmd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Sideral S H P K, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Sij Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Tata Steel, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Hus Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)