Wednesday, March 30th, 2016 adds“Steel Long Products Industry 2016 Global Market Research Report & Forecast to 2020”reports to its database. We can offer you discount on this report.

This global market research report presents a detailed segmentation of the global steel long products market by type (rebars, wire rods, tubes, sections, and others) and by geography (the Americas, APAC, Europe, and MEA). The leading vendors analyzed in this market study are ArcelorMittal, EVRAZ, Gerdau, Hebei Iron and Steel, Jiangsu Shagang, NSSMC, and Tata Steel Europe.

Outlook of the global steel long products market 
Technavio’s market research analyst has estimated the global market for steel long products to grow at a CAGR of over 5% by 2020. Rapid industrialization and development in APAC is a critical factor impelling this market’s growth prospects over the next few years. Steel long products strengthen the structural integrity and provide better stability to absorb energy, adapt to extreme conditions, and change forms, in construction. Since steel long products are extensively used in bridges and columns, any growth in the global construction market will lead to the increased demand for steel long products.


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An important factor driving growth in this market is the augmented usage of steel scrap. Due to the increasing need to reduce carbon footprint, many developing countries like India and China are increasing their usage of scrap iron. Recycling of scrap helps to bolster the industry's economic viability and also reduces the environmental impact by eliminating the need for iron ore extraction for steel production. Since the use of steel scraps helps industries to reduce their carbon dioxide emissions and save energy and water, its demand during the forecast period is anticipated to increase significantly.

Segmentation by type and analysis of the steel long products market 
- Rebars 
- Wire rods 
- Tubes 
- Sections 
In this market research, analysts have estimated the rebars segment to be the largest market segment during the forecast period. During 2015, this market segment accounted for a market share of almost 34%, and the prospects for its growth will be driven by its increased usage as a tensile device in reinforced concrete to provide strength and hold the concrete in tension. Also, the ability of rebars to absorb energy, adapt to extreme conditions and hold stress during natural disasters will lead to its augmented usage during the forecast period.

Geographical segmentation and analysis of the steel long products market 
- Americas 
- Europe 
- MEA 
According to this market study, APAC will be the largest market for steel long products due to its extensive use across the construction and transmission and distribution sectors. The prospects for growth in this market will be fostered by massive investments in construction industries, especially in developing countries like China and India. Extensive market research carried out by the analysts at Technavio has shown that the market for steel long products in APAC will grow at an impressive CAGR of nearly 6% by 2020.

Competitive landscape and key vendors 
This market is characterized by the presence of intense competition, which is driven by excess capacity, and cyclicity of high CAPEX investments across various end-user segments. In this market, increasing instances of mergers and acquisitions will pose a serious threat to small vendors. The vendors in this market compete on the basis of supplying the industry-specific products.


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Key vendors in the market are -

Hebei Iron and Steel 
Jiangsu Shagang 
Tata Steel Europe 
Other prominent vendors analyzed in this global market research are Baosteel, Celsa Steel, Heilongjiang Jianlong Iron and Steel, Mechel, and Riva Group.

Key questions answered in the report include 
- What will the market size and the growth rate be in 2020? 
- What are the key factors driving the global steel long products market? 
- What are the key market trends impacting the growth of the global steel long products market? 
- What are the challenges to market growth? 
- Who are the key vendors in the global steel long products market? 
- What are the market opportunities and threats faced by the vendors in the global steel long products market? 
- Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA. 
- What are the key outcomes of the five forces analysis of the global steel long products market?


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