PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1631730
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1631730
Global Long Steel Market Size Study, by Process (Basic Oxygen Furnace, Electric Arc Furnace), Product Type (Rebar, Merchant Bar, Wire Rod, Rail), End Use Industry (Construction, Infrastructure, Others), and Regional Forecasts 2022-2032
The global Long Steel market, valued at approximately USD 591.09 billion in 2023, is anticipated to expand with a compound annual growth rate (CAGR) of 3.90% over the forecast period 2024-2032. Long steel products, including rebar, wire rod, and rails, are pivotal to the infrastructure and construction industries due to their strength and durability. The market is driven by surging investments in infrastructure development, urbanization, and industrialization globally, which are boosting the demand for high-strength and sustainable construction materials.
The construction sector's escalating demand for rebar and other long steel products has been a primary catalyst for market growth. Additionally, the expansion of transportation networks has augmented the use of rails and wire rods. While the basic oxygen furnace remains a dominant manufacturing process, the adoption of electric arc furnaces is gaining traction due to their energy efficiency and lower carbon emissions. Despite facing challenges like fluctuating raw material prices and environmental regulations, the market benefits from advancements in steel recycling technologies and the rising inclination toward sustainable construction practices.
Regionally, Asia Pacific leads the global Long Steel market, driven by rapid urbanization, significant infrastructure investments, and robust construction activities in countries like China and India. North America and Europe also hold substantial shares, supported by established infrastructure and a focus on modernization projects. Meanwhile, emerging economies in Latin America and the Middle East & Africa are experiencing steady growth, spurred by increasing industrialization and urban expansion.
Major market players included in this report are:
- ArcelorMittal
- Tata Steel Limited
- Nippon Steel Corporation
- POSCO
- Nucor Corporation
- Gerdau S.A.
- JFE Steel Corporation
- Hyundai Steel
- United States Steel Corporation
- Steel Authority of India Limited (SAIL)
- China Baowu Steel Group Corporation Limited
- JSW Steel Ltd
- Evraz Group
- Liberty Steel Group
- CMC Commercial Metals Company
The detailed segments and sub-segment of the market are explained below:
By Process
- Basic Oxygen Furnace
- Electric Arc Furnace
By Product Type
- Rebar
- Merchant Bar
- Wire Rod
- Rail
By End Use Industry
- Construction
- Infrastructure
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Comprehensive market estimates and forecasts for the period 2022-2032.
- Detailed segmental and regional analysis to identify key growth opportunities.
- Insights into market drivers, challenges, and emerging trends.
- Strategic profiling of leading companies and their initiatives in the Long Steel market.
- A forward-looking analysis of innovations and sustainable practices shaping the industry.
Table of Contents
Chapter 1. Global Long Steel Market Executive Summary
- 1.1. Global Long Steel Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Process
- 1.3.1.1. Basic Oxygen Furnace
- 1.3.1.2. Electric Arc Furnace
- 1.3.2. By Product Type
- 1.3.2.1. Rebar
- 1.3.2.2. Merchant Bar
- 1.3.2.3. Wire Rod
- 1.3.2.4. Rail
- 1.3.3. By End Use Industry
- 1.3.3.1. Construction
- 1.3.3.2. Infrastructure
- 1.3.3.3. Others
- 1.3.1. By Process
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Long Steel Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Long Steel Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Adoption in Automotive & Transportation
- 3.1.2. Growth in Building & Construction Sector
- 3.1.3. Rising Demand for Sustainable Packaging Solutions
- 3.2. Market Challenges
- 3.2.1. Fluctuating Aluminum Prices
- 3.2.2. Environmental Concerns Related to Bauxite Mining
- 3.3. Market Opportunities
- 3.3.1. Innovations in Recycling Technologies
- 3.3.2. Development of Advanced Aluminum Alloys
- 3.3.3. Expansion in Emerging Markets
Chapter 4. Global Long Steel Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Long Steel Market Size & Forecasts by Process 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Long Steel Market: Process Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Basic Oxygen Furnace
- 5.2.2. Electric Arc Furnace
Chapter 6. Global Long Steel Market Size & Forecasts by Product Type 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Long Steel Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Rebar
- 6.2.2. Merchant Bar
- 6.2.3. Wire Rod
- 6.2.4. Rail
Chapter 7. Global Long Steel Market Size & Forecasts by End Use Industry 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Long Steel Market: End Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Construction
- 7.2.2. Infrastructure
- 7.2.3. Others
Chapter 8. Global Long Steel Market Size & Forecasts by Region 2022-2032
- 8.1. North America Long Steel Market
- 8.1.1. U.S. Long Steel Market
- 8.1.1.1. Process Breakdown Size & Forecasts, 2022-2032
- 8.1.1.2. Product Type Breakdown Size & Forecasts, 2022-2032
- 8.1.1.3. End Use Industry Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Long Steel Market
- 8.1.2.1. Process Breakdown Size & Forecasts, 2022-2032
- 8.1.2.2. Product Type Breakdown Size & Forecasts, 2022-2032
- 8.1.2.3. End Use Industry Breakdown Size & Forecasts, 2022-2032
- 8.1.1. U.S. Long Steel Market
- 8.2. Europe Long Steel Market
- 8.2.1. UK Long Steel Market
- 8.2.2. Germany Long Steel Market
- 8.2.3. France Long Steel Market
- 8.2.4. Spain Long Steel Market
- 8.2.5. Italy Long Steel Market
- 8.2.6. Rest of Europe Long Steel Market
- 8.3. Asia-Pacific Long Steel Market
- 8.3.1. China Long Steel Market
- 8.3.2. India Long Steel Market
- 8.3.3. Japan Long Steel Market
- 8.3.4. Australia Long Steel Market
- 8.3.5. South Korea Long Steel Market
- 8.3.6. Rest of Asia Pacific Long Steel Market
- 8.4. Latin America Long Steel Market
- 8.4.1. Brazil Long Steel Market
- 8.4.2. Mexico Long Steel Market
- 8.4.3. Rest of Latin America Long Steel Market
- 8.5. Middle East & Africa Long Steel Market
- 8.5.1. Saudi Arabia Long Steel Market
- 8.5.2. South Africa Long Steel Market
- 8.5.3. Rest of Middle East & Africa Long Steel Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. ArcelorMittal
- 9.1.2. Tata Steel Limited
- 9.1.3. Nippon Steel Corporation
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. ArcelorMittal
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. Tata Steel Limited
- 9.3.3. Nippon Steel Corporation
- 9.3.4. POSCO
- 9.3.5. Nucor Corporation
- 9.3.6. Gerdau S.A.
- 9.3.7. JFE Steel Corporation
- 9.3.8. Hyundai Steel
- 9.3.9. United States Steel Corporation
- 9.3.10. Steel Authority of India Limited (SAIL)
- 9.3.1. ArcelorMittal
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
