by The global long steel market size is expected to reach USD 701.69 Billion at a steady CAGR of 3.6% in 2028. Increasing global long steel market revenue growth can be attributed to rapid growth of the construction industry due to surging demand due to increasing industrialization and urbanization, particularly in developing countries. Long steel products are used in the construction industry for installations, foundations, and supports required in buildings, as well as for columns, paneling, and walls, among other construction applications. Long steel products such as rebars are highly reliable as structural application materials. Steel rebars are essential in construction of impact-resistant structures for more modernized residential, commercial, and industrial buildings.
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Structural steel products such as rails are used in various industries, and expansion of lines and routes, as well as need for timely repair and replacement is fueling growth of the long steel market. Steel is used to produce handrails and these are highly essential to ensure proper safety. Structural steel railings have greater tensile strength than other materials, as well better rust proof and weather resistant properties, thereby making the material very suitable for outdoor applications.
The new report titled ‘Global Long steel Market’, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Long steel Systems market outlook over the forecast duration (2021-2028). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market.
Key insights presented in the report:
- Market revenue shares by major business players, by type, by application, and market scope of global Long Steel market
- Sales revenue by key players and new entrants
- Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- Regional analysis to provide insight into recent trends and opportunities
The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. Additionally, the report also covers details of the company, such as sales and distribution area, product portfolios, specifications, and others.
The report also discusses key players involved in the market, such as Nucor Corporation, Gerdau SA, Tata Steel Limited, Steel Dynamics Inc., ArcelorMittal SA, POSCO, Ansteel Group Corporation Limited, Nippon Steel Corporation, Mechel PAO, and Acerinox SA as well as new entrants in the market. The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Emergen Research has segmented the global long steel market on the basis of production process, product type, application, distribution channel, and region:
- Production Process Outlook (Revenue, USD Billion; 2018–2028)
- Electric Arc Furnace
- Basic Oxygen Furnace
- Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Wire Rod
- Rebar
- Rail
- Merchant Bar
- Others
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Industrial
- Construction
- Railways
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
- Direct
- Indirect
Key Questions Answered in the Report:
- What will be the estimated growth rate of the Long Steel market by 2028?
- Who are the prominent distributors, vendors, and manufacturers of the market?
- What are the driving and restraining factors of the growth of the Long Steel market throughout the forecast period?
- What are the current and future market trends of the Long Steel market?
- What are the sales and price analysis of the product by types, applications, and regions?
- What are the expected opportunities for the companies and new entrants in the coming years?
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