$600+ Billion Worldwide Long Steel Industry to 2025 - Featuring Arcelormittal, Gerdau & Posco Among Others

DUBLIN, June 4, 2020 /PRNewswire/ -- The "Long Steel Market by Process (Basic Oxygen Furnace, Electric Arc Furnace), Product Type (Rebar, Merchant Bar, Wire Rod, Rail) End-Use Industry (Construction, Infrastructure, Others), and Region (NA, Europe, APAC, MEA, SA) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

In terms of value, the long steel market size is estimated to be USD 527.0 billion in 2020 and projected to reach USD 636.7billion by 2025, at a CAGR of 3.9% from 2020 to 2025.

Increasing construction and infrastructure activities, industrialization, and rising population levels are the major factors responsible for the growth of the long steel market. However, the recent outbreak of Covid-19 is expected to have a severe impact on the long steel market.

Based on the process, the long steel market has been classified into basic oxygen furnace and electric arc furnace. The basic oxygen furnace segment is projected to account for the largest share of the market during the forecast period. This growth can be attributed to its advantages. BOF is adopted by large players in the long steel market.

Rebar is the dominant product type which is expected to drive the market.

Based on product type, the long steel market has been classified into rebar, merchant bar, wire rod, rail, and others. Among these, the rebar is projected to account for the largest share of the market during the forecast period. Rebar is mainly used as a reinforcement in steel to increase its tensile strength.

The infrastructure industry is the major consumer of the long steel market.

Based on end-use industry, the market has been classified into construction, infrastructure, and others. Other industries include automotive, hardware manufacturing, and machinery. Among these, the infrastructure segment accounted for the largest share in the long steel market in 2019 and is also expected to grow at the highest CAGR during the forecast period.

Growing infrastructure activities, coupled with increasing investments, is expected to drive the growth of the market. Investment in infrastructure includes highways, bridges, reservoirs, utilities, schools, airports, and stadiums.

Asia Pacific is estimated to account for a major share of the market in 2020 and is projected to grow at the highest CAGR during the forecast period.

Based on the region, the long steel market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among these, Asia Pacific is estimated to account for the largest share of the long steel market in 2020 and is also expected to grow at the highest CAGR during the forecast period. The growth can be attributed to the presence of various global steelmakers such as ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation, Tata Steel, and POSCO Steel in the region. These companies have production bases majorly in China and India, due to the availability of domestic labour and raw materials at low-cost.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Long Steel Market
4.2 Long Steel Market, by End-Use Industry
4.3 Long Steel Market, by Region
4.4 Long Steel Market, by Process & Country

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Rapid Rate of Urbanization
5.1.1.2 Increasing Investment in Infrastructural Activities
5.1.2 Restraints
5.1.2.1 Covid-19 Outbreak and Susceptibility of the Construction Industry
5.1.2.2 Volatile Prices of Raw Materials
5.1.3 Opportunities
5.1.3.1 Emergence of Value-Added Rebar Products
5.1.3.2 Increasing Capacity Utilization and Capacity Extension
5.1.4 Challenges
5.1.4.1 Global Situation of Overcapacity
5.1.5 Porter's Five Forces Analysis
5.1.5.1 Bargaining Power of Suppliers
5.1.5.2 Threat of New Entrants
5.1.5.3 Threat of Substitutes
5.1.5.4 The Threat of Substitutes
5.1.5.5 Bargaining Power of Buyers
5.1.5.6 Intensity of Competitive Rivalry
5.2 Macroeconomic Indicators (Covid-19)
5.2.1 Covid-19
5.2.2 Covid-19 Impact on Steel Industry
5.2.3 Conclusion

6 Long Steel Market, by Process
6.1 Introduction
6.2 Basic Oxygen Furnace
6.2.1 Bof is a Preferred Process Due to Its High Production Capabilities
6.3 Electric Arc Furnace
6.3.1 Government Mandates to Improve the Recyclability of Steel Scrap Drive the Demand for Eaf Process

7 Long Steel Market, by Product Type
7.1 Introduction
7.2 Rebar
7.2.1 Increasing Construction and Infrastructure Activities is One of the Major Driver Responsible for the Growth of the Rebar Segment
7.3 Wire Rod
7.3.1 Various Application Areas Across End-Use Industries is Expected to Drive the Wire Rod Segment
7.4 Merchant Bar
7.4.1 Use of Merchant Bars Improves the Overall Physical & Mechanical Properties and Dimensional Tolerances in Structures
7.5 Rail
7.5.1 Government Standards of Manufacturing Rail Steel Are Expected to Drive This Segment
7.6 Others
7.6.1 Wide Application Areas of Light and Heavy Sections Are Expected to Drive the Demand for Other Products

8 Long Steel Market, by End-Use Industry
8.1 Introduction
8.2 Infrastructure
8.2.1 Increasing Investments in Infrastructural Developments Expected to Fuel the Growth of the Infrastructure Segment
8.3 Construction
8.3.1 Rapid Urbanization is the Major Factor Responsible for the Growth of the Construction Segment
8.4 Others
8.4.1 Changing Demand Dynamics in the Automotive Industry and Rising Population Are Expected to Drive Other End-Use Industries

9 Regional Analysis
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Recent Outbreak of Covid-19 in China to Reduce the Demand for Long Steel in 2020 with Gradual Recovery Expected Post-2021
9.2.2 India
9.2.2.1 Growth in Construction Activities, Infrastructural Investments Are Expected to Drive Long Steel Market in India
9.2.3 Japan
9.2.3.1 Presence of Major Players and Increasing Investments Are Expected to Drive the Market for Long Steel in Japan
9.2.4 South Korea
9.2.4.1 High Construction Output and Economic Growth, Are Driving the Market for Long Steel in South Korea
9.2.5 Vietnam
9.2.5.1 Increasing Population and Government Policies Are Favoring the Growth of Long Steel Market in Vietnam
9.2.6 Rest of Asia Pacific
9.2.6.1 Increasing Investment and Industrialization Expected to Drive the Long Steel Market in Rest of Asia Pacific
9.3 Europe
9.3.1 Turkey
9.3.1.1 Large Manufacturing Capacity of Eaf Mills Coupled with Increasing Investments in the Construction Industry is Expected to Drive the Market
9.3.2 Russia
9.3.2.1 Long Steel Market in Russia is Driven by Government Initiatives and Growing Construction Industry
9.3.3 Germany
9.3.3.1 Increased Spending on Infrastructure Drive the Long Steel Market in Germany
9.3.4 Italy
9.3.4.1 Severity of Covid-19 Pandemic in Italy Hampered Economic Growth and is Expected T to Affect the Demand for Long Steel
9.3.5 Poland
9.3.5.1 Growth of the Construction Industry Expected to Fuel the Market in Poland
9.3.6 France
9.3.6.1 Government Initiatives Drive the Market for Long Steel France
9.3.7 UK
9.3.7.1 Infrastructural Development Activities, Coupled with Increasing Construction of Private Buildings Expected to Drive the Long Steel Market in the Uk
9.3.8 Rest of Europe
9.3.8.1 Booming Construction Industry Projected to Boost the Long Steel Market in Rest of Europe
9.4 North America
9.4.1 US
9.4.1.1 Growth in Non-Residential Construction Activities Projected to Create Demand for Long Steel in the Us
9.4.2 Mexico
9.4.2.1 Growth of Infrastructural Developments is Expected to Fuel the Long Steel Market in Mexico
9.4.3 Canada
9.4.3.1 Increasing Investments and Infrastructural Developments Are Expected to Drive the Market for Long Steel in Canada
9.5 Middle East & Africa
9.5.1 UAE
9.5.1.1 Investments from Government and the Increase in Construction Activities Expected to Drive the Demand for Long Steel in the Uae
9.5.2 Saudi Arabia
9.5.2.1 Ongoing Fiscal Policies Coupled with Flourishing Industrial Sector is Expected to Drive the Demand for Long Steel in Saudi Arabia
9.5.3 Iran
9.5.3.1 Increasing Investments and Favorable Government Policies Are Expected to Drive the Market in Iran
9.5.4 Egypt
9.5.4.1 Import Duty on Steel Products Will Foster Domestic Production of Long Steel in Egypt
9.5.5 Rest of Middle East & Africa
9.5.5.1 Increasing Population, Rising Income, Industrialization, and Urbanization Are Expected to Fuel the Market in Rest of Mea
9.6 South America
9.6.1 Brazil
9.6.1.1 Government Focus on Infrastructure Spending and Growth in Construction Activities Expected to Drive Long Steel Market in Brazil
9.6.2 Argentina
9.6.2.1 Foreign Investment in Construction and Infrastructure to Drive the Long Steel Market in Argentina
9.6.3 Rest of South America
9.6.3.1 Increasing Investments for Infrastructural Developments Expected to Drive Long Steel Market in Rest of South America

10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping (Overall Market)
10.2.1 Visionary Leaders
10.2.2 Innovators
10.2.3 Dynamic Differentiators
10.2.4 Emerging Companies
10.3 Ranking of Key Market Players in the Long Steel Market

11 Company Profiles
11.1 Arcelormittal
11.2 Gerdau Sa
11.3 Nippon Steel & Sumitomo Metal Corporation
11.4 Posco
11.5 Nucor Corporation
11.6 China Baowu Steel Group Corporation Limited
11.7 Commercial Metals Company
11.8 Mechel Pao
11.9 Steel Dynamics, Inc.
11.10 Novolipetsk Steel (Nlmk)
11.11 Outokumpu Oyj
11.12 Acerinox S.A.
11.13 Tata Steel
11.14 Daido Steel
11.15 Shagang Group
11.16 Ansteel Group Corporation Limited
11.17 JFE Steel Corporation
11.18 Evraz Plc
11.19 HBIS Group
11.20 Hyundai Steel
11.21 Steel Authority of India Limited
11.22 Metinvest Holding Llc
11.23 Severstal Jsc
11.24 Wuhan Iron and Steel Corporation
11.25 JSW Steel

For more information about this report visit https://www.researchandmarkets.com/r/v88le8

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/600-billion-worldwide-long-steel-industry-to-2025---featuring-arcelormittal-gerdau--posco-among-others-301070933.html

SOURCE Research and Markets