Long Steel Products Industry Data Book Covers Steel Rebar, Carbon Steel Pipe Fittings, Steel Pipes Tubes and Steel Wire Markets.
The global long steel products industry size was estimated at USD 469.8 billion in 2019. The market is expected to expand at a CAGR of 5.5% CAGR (2020-2027).
Grand View Research’s Long steel products industry data book is a collection of market sizing information forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.
Steel Rebar Market Insights
The global steel rebar market size was valued at USD 270.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030.
Construction dominated the market in 2021 with a revenue share of more than 55.0% and this trend is expected to continue during the forecast period. Various investments in the construction industry are projected to augment segment growth. For instance, in April 2022, Alliance Group, a leading real estate developer, announced to an investment of USD 1.12 billion for its residential construction projects in Hyderabad, Chennai, and Bengaluru, India.
Carbon Steel Pipe Fittings Market Insights
The global carbon steel pipe fittings market size was valued at USD 6.84 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030.
The oil gas segment accounted for the largest revenue share of nearly 50.0% in 2021. The segment is projected to grow on account of rising investments in the oil gas industry. For instance, China Petroleum Chemical Corp is planning to invest USD 31.00 billion for upstream exploration in Sichuan and Mongolia regions. The company aims to expand its footprint in natural gas, refined oil, and petrochemical products.
The construction infrastructure segment is anticipated to grow at the rate of 4.1% during the forecast period. Investment in infrastructure in different countries is likely to aid the growth of this segment. For instance, as per Investing in Canada Plan, the government of Canada aims to invest USD 180.00 billion in its infrastructure by 2028. The plan was introduced in 2016 and USD 119.00 billion has been invested in over 77,000 projects.
Access the Global Long Steel Products Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies
Steel Pipes Tubes Market Insights
The global steel pipes tubes market size was valued at USD 142.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2020 to 2027.
In terms of volume, seamless accounted for a market share of over 54% in 2019. Seamless steel products are manufactured from billets that are perforated and heated to create the tubular section. There are no seam welds in such products. Seamless pipes tubes are used in a variety of sectors including oil gas, power generation, chemicals petrochemicals, and engineering.
The oil gas segment led the market in 2019 and accounted for the highest revenue share of over 51%. The segment will retain the leading position over the forecast years due to diverse applications of the products in the oil gas sector, ranging from OCTG, transportation to process piping for refining crude oil into petroleum products.
Steel Wire Market Insights
The global steel wire market size was valued at USD 102.98 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030.
Carbon steel dominated the global market in 2021 with a revenue share of over 64.0%, and this trend is anticipated to continue across the forecast period. Both low and high carbon steel is used in making wires, which are primarily used in industries such as construction, automotive, and the military. They can be drawn into a broad diameter range from 0.2 mm to 8 mm.
The construction segment held the largest revenue share of over 40.0% of the global market in 2021. Widespread uses of steel wire-based ropes, cables, strands, and cords in moving equipment, supporting structures, and various applications in the construction industry are anticipated to help maintain the segment’s dominance during the forecast period.
Energy is anticipated to emerge as the fastest-growing application segment during the forecast period. The growing need for power and its distribution is propelling massive investments in the energy industry, which is benefiting market growth.
Long Steel Products Market – Global Industry Segmentation
Steel Rebar Market Size Forecasts, by Application, 2017 - 2030
- Construction
- Infrastructure
- Industrial
Carbon Steel Pipe Fittings Market Size Forecasts, by Application, 2017 - 2030
- Oil Gas
- Chemicals Petrochemicals
- Construction Infrastructure
- Industrial
Steel Pipes Tubes Market Size Forecasts, by Technology, 2016 - 2027
- Seamless
- ERW
- SAW
Steel Pipes Tubes Market Size Forecasts, by Application, 2016 - 2027
- Oil Gas
- Chemicals Petrochemicals
- Automotive Transportation
- Mechanical Engineering
- Power Plant
- Construction
- Others
Steel Wire Market Size Forecasts, by Material, 2017 - 2030
- Carbon Steel
- Stainless Steel
- Alloy Steel
Steel Wire Market Size Forecasts, by Application, 2017 - 2030
- Construction
- Automotive
- Energy
- Industrial
- Agriculture
- Others
Order your copy of the Free Sample of “Long Steel Products Industry Data Book - Steel Rebar, Carbon Steel Pipe Fittings, Steel Pipes Tubes and Steel Wire Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Long Steel Products Industry Data Book Regional Outlook
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Turkey
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Indonesia
- Malaysia
- Philippines
- Thailand
- Vietnam
- Oceania
- Central South America
- Brazil
- Middle East Africa (MEA)
- Middle East
- Kuwait
- Oman
- Bahrain
- Iraq
- Jordan
- Lebanon
- Africa
- South Africa
- Egypt
Long Steel Products Industry Data Book Competitive Landscape
The outlook for the long steel product markets has weakened quickly in the last quarter of 2022. Factors responsible for weaker prospectus include higher energy prices, the global economic slowdown, rising inflation and the impacts of the Russia-Ukraine war and sharp decline in the real estate sector, and rising COVID infections.
Key players operating in the long steel products industry are –
- ArcelorMittal
- AWAJI MATERIA CO., LTD.
- Baosteel
- Bassi Luigi C.S.p.A
- Bekaert
- Delcorte
- Erne Fittinga GmbH
- Evraz Plc
- Gerdau S.A.
- Henan Hengxing Science technology Co., Ltd
- Hyundai Steel
- JFE Steel Corporation
- Jindal Steel Power Ltd. (JSPL)
- JSW Steel Limited
- Kobe Steel Limited
Go through the table of content of Long Steel Products Industry Data Book to get a better understanding of the Coverage Scope of the study
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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