Steel Round Bars Market Size, Trends and Insights By Type (Hot-Rolled, Cold-Rolled, Forged), By Application (Transportation & Automotive, Industrial, Construction, Others), By Sub-type (Alloy, Carbon, Free cutting, Stainless, Tool Steel), By End-use (Infrastructure, Mechanical Engineering, Power, Oil & Gas, Manufacturing), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI26713

Published Date: July 2023

Pages: 220+

Category: Chemicals And Materials

Report Snapshot

CAGR: 3.4%
346.5B
2022
353.1B
2023
412.4B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • ArcelorMittal S.A.
  • Nippon Steel Corporation
  • Tata Steel Ltd.
  • POSCO
  • Baosteel Group Corporation
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Steel Round Bars Market is expected to record a CAGR of 3.4% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 346.5 billion. By 2032, the valuation is anticipated to reach USD 412.4 billion.

Top steel-producing companies 2022/2021

Company Name Headquarters 2022 (MT) 2021(MT)
China Baowu Group China 131.84 130.56
ArcelorMittal Luxembourg 68.89 79.26
Ansteel Group China 55.65 55.65
Nippon Steel Corporation Japan 44.37 49.46
Shagang Group China 41.45 44.23
HBIS Group China 41 41.64
POSCO Holdings South Korea 38.64 42.96
Jianlong Group China 36.56 36.71
Shougang Group China 33.82 35.43
Tata Steel India 30.18 30.59
Shandong Steel Group China 29.42 28.25
Delong Steel China 27.9 27.82
Hunan Steel Group China 26.43 26.21
JFE Steel Corporation Japan 26.2 26.85
JSW Steel Limited India 23.38 18.59
Nucor Corporation United States 20.6 23.13
Fangda Steel China 19.7 19.98
Hyundai Steel South Korea 18.77 19.64
Liuzhou Steel China 18.21 18.83
IMIDRO (6) Iran 18 16.7
Source: According to World Steel Organization

The steel round bars market refers to the industry segment involved in the production, distribution, and sale of cylindrical solid bars made of steel. These bars find extensive application in construction, manufacturing, automotive, and aerospace industries due to their strength and durability.

The market’s nature is dynamic and driven by factors like industrialization, infrastructure development, and technological advancements in steel production. Current trends include a growing focus on renewable energy projects, optimizing supply chains, and adopting sustainable practices to meet environmental regulations and cater to diverse consumer demands.

Steel Round Bars Market – Significant Growth Factors

The Steel Round Bars Market presents significant growth opportunities due to several factors:

  • Infrastructure Development: The increasing emphasis on infrastructure development projects worldwide, including roads, bridges, and buildings, drives demand for steel round bars in construction applications. The need for durable and high-strength materials to support modern urbanization fuels market growth.
  • Automotive and Aerospace Industries: The growing automotive and aerospace sectors rely on steel round bars for manufacturing critical components, such as axles, crankshafts, and landing gears, boosting market demand. As these industries seek lightweight yet strong materials, steel round bars play a pivotal role in enhancing performance and safety in transportation applications.
  • Technological Advancements: Ongoing advancements in steel production technologies, like microalloying and thermomechanical rolling, improve the mechanical properties of steel round bars, enhancing their applications and market demand. These innovations allow manufacturers to produce steel round bars with higher strength, toughness, and fatigue resistance, catering to a diverse range of end-use industries.
  • Renewable Energy Projects: The global focus on sustainable energy solutions drives demand for steel round bars in renewable energy projects. Wind turbine shafts and solar mounting structures rely on high-quality steel round bars for their robustness and durability, providing opportunities for market growth in the renewable energy sector.
  • Urbanization in Emerging Economies: Rapid urbanization in emerging economies presents opportunities for the steel round bars market. The growing construction activities and infrastructure development in these regions create a significant demand for steel round bars in various applications.
  • Lightweight Materials in Automotive: The automotive industry’s increasing focus on lightweight materials to improve fuel efficiency and reduce emissions offers opportunities for steel round bars with high strength-to-weight ratios, providing solutions for lightweight automotive components.
  • Green Building Initiatives: The rising popularity of green building initiatives and sustainable construction practices present opportunities for steel round bars with eco-friendly attributes. Manufacturers can explore the development of green-certified and recycled steel round bars to cater to environmentally conscious customers.
  • Research and Development: Investing in research and development to further enhance the properties of steel round bars, including corrosion resistance and high-temperature performance, opens opportunities to tap into new applications and industries, expanding the market’s potential for growth.

Steel Round Bars Market – Mergers and Acquisitions

The Steel Round Bars Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Steel Round Bars Market include:

  • Nippon Steel Corporation and Tata Steel Ltd.: In 2019, Nippon Steel Corporation and Tata Steel Ltd. formed a strategic partnership to strengthen their positions in the global steel round bars market.
  • Baosteel Group Corporation and Hyundai Steel Company: In 2018, Baosteel Group Corporation and Hyundai Steel Company established a partnership to explore new market opportunities in the construction and infrastructure sectors. The collaboration aimed to combine their strengths in steel production and distribution to cater to the growing demand for steel round bars in these industries.
  • Liberty Steel Group’s Acquisition of Grupo Gallardo Balboa: In 2019, Liberty Steel Group, a subsidiary of GFG Alliance, acquired Grupo Gallardo Balboa, a prominent Spanish steelmaker. The acquisition expanded Liberty Steel’s presence in Europe and provided access to Grupo Gallardo Balboa’s steel round bars manufacturing capabilities.
  • BlueScope Steel’s Acquisition of North Star Bluescope Steel: In 2020, BlueScope Steel completed the acquisition of the remaining 50% ownership of North Star Bluescope Steel, making it the sole owner of the steelmaking joint venture. The acquisition strengthened BlueScope’s position in the North American steel market, including the production of steel round bars.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Steel Round Bars Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Steel Round Bars Market Outdoor Storage Sheds Market Merchant Pig Iron Market
CAGR 3.4% (Approx) CAGR 6% (Approx) CAGR 9% (Approx)
USD 412.4 Billion by 2032 USD 10.2 Billion by 2030 USD 132.5 Billion by 2030

Steel Round Bars Market – Significant Threats

The Steel Round Bars Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Fluctuating Raw Material Prices: The steel round bars market faces a significant threat from fluctuating raw material prices, particularly iron ore and scrap metal. These price fluctuations can impact the profitability of manufacturers and result in varying product costs, making it challenging to maintain stable pricing strategies and competitive advantages.
  • Intense Market Competition: The steel round bars market is highly competitive, with numerous players vying for market share. Intense competition can lead to price wars and reduced profit margins, putting pressure on companies to innovate, streamline operations, and differentiate their products and services to remain competitive.
  • Economic Downturns and Demand Volatility: Economic downturns and fluctuations in demand can pose threats to the steel round bars market. During periods of economic recession or slowdown, industries reliant on steel round bars, such as construction and automotive, may reduce their production and investment, leading to decreased market demand.
  • Shift Towards Alternative Materials: The growing demand for sustainable and lightweight materials in various industries poses a threat to the steel round bars market. The increasing adoption of materials like aluminium, composites, and advanced plastics in certain applications may reduce the reliance on steel round bars, affecting market demand in specific sectors.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 353.1 Billion
Projected Market Size in 2032 USD 412.4 Billion
Market Size in 2022 USD 346.5 Billion
CAGR Growth Rate 3.4% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Application, Sub-type, End-use and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Type:

  • Hot-Rolled Steel Round Bars: Hot-rolled steel round bars are manufactured by passing heated steel through rolling mills at high temperatures. This process imparts enhanced mechanical properties and surface finish to the bars. Trends indicate a growing demand for hot-rolled steel round bars in construction and infrastructure projects due to their cost-effectiveness and suitability for heavy-duty applications.
  • Cold-Rolled Steel Round Bars: Cold-rolled steel round bars undergo a rolling process at room temperature, resulting in improved dimensional accuracy and surface smoothness. A notable trend is the rising demand for cold-rolled steel round bars in automotive and precision engineering industries, where tight tolerances and surface quality are crucial for specific applications.
  • Forged Steel Round Bars: Forged steel round bars are produced by shaping heated steel using compressive force, creating high-strength and uniform materials. In the steel round bars market, there is a growing trend towards using forged bars in critical applications like oil and gas, aerospace, and heavy machinery, where exceptional strength and reliability are paramount.

Global Steel Round Bars Market 2023–2032 (By Billion)

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By Application

  • Transportation & Automotive: In the steel round bars market, the Transportation & Automotive application involves the use of these bars in manufacturing critical components for vehicles, such as axles, crankshafts, and steering components. Trends in this segment include a growing demand for lightweight and high-strength materials to improve fuel efficiency and performance, driving the adoption of advanced steel round bars.
  • Industrial: In the Industrial application, steel round bars find extensive use in machinery, equipment, and tool manufacturing. The trends in this segment include the increasing need for specialty steel round bars with enhanced properties, such as corrosion resistance and high-temperature performance, to meet the diverse requirements of industrial applications.
  • Construction: The Construction application of steel round bars encompasses their use in building structures, reinforcing concrete, and supporting infrastructure projects. Trends in this segment involve a surge in demand for high-quality steel round bars that comply with green building initiatives and sustainable construction practices, addressing the need for eco-friendly materials.
  • Others: The “Others” application in the steel round bars market includes various niche sectors, such as renewable energy projects, marine applications, and agriculture equipment. Trends in this segment revolve around the customization of steel round bars to cater to specific needs in specialized industries, showcasing the adaptability and versatility of steel round bars across diverse applications.

By Sub-Type

  • Alloy Steel Round Bars: Alloy steel round bars are steel bars that contain specific alloying elements, enhancing their mechanical properties and performance. This segment is driven by increasing demand from the automotive, aerospace, and oil & gas industries, where high strength and corrosion resistance are crucial.
  • Carbon Steel Round Bars: Carbon steel round bars consist primarily of carbon and iron, offering high tensile strength and cost-effectiveness. The market for carbon steel round bars is witnessing steady growth due to their widespread usage in construction, machinery, and general engineering applications.
  • Free-Cutting Steel Round Bars: Free-cutting steel round bars contain added elements to improve machinability. The market trend for free-cutting steel round bars is driven by the manufacturing sector’s demand for precision components in the automotive, electronics, and consumer goods industries.
  • Stainless Steel Round Bars: Stainless steel round bars, enriched with chromium, offer exceptional corrosion resistance. The market for these round bars is witnessing a significant trend, driven by their extensive adoption in the construction, food processing, and medical sectors. Their hygienic and durable attributes make them highly favored for applications requiring resistance to corrosion and the assurance of cleanliness, ensuring optimum performance and safety.
  • Tool Steel Round Bars: Tool steel round bars are highly specialized with excellent wear resistance and hardness. The market trend for tool steel round bars is driven by the demand from industries like manufacturing, aerospace, and tooling, where precision cutting and shaping are crucial for high-quality production.

Global Steel Round Bars Market 2023–2032 (By Type)

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By End Use

  • Infrastructure: The steel round bars market in infrastructure refers to the use of these bars in construction projects, including bridges, buildings, and roads. The trend in this segment involves the increasing demand for high-strength steel round bars to support large-scale infrastructure development projects, driven by urbanization and the need for durable and resilient structures.
  • Mechanical Engineering: In mechanical engineering, the steel round bars market involves the application of these bars in machinery, equipment, and components. The trend in this segment revolves around the adoption of precision-machined steel round bars with improved mechanical properties to meet stringent engineering requirements, such as high wear resistance and dimensional accuracy.
  • Power: The power sector’s steel round bars market encompasses the use of these bars in turbines, generators, and transmission structures. The trend in this segment focuses on the growing demand for steel round bars with superior fatigue resistance and enhanced metallurgical properties to ensure the reliability and efficiency of power generation and distribution systems.
  • Oil & Gas: In the oil and gas industry, the steel round bars market involves the utilization of these bars in drilling equipment, pipelines, and offshore platforms. The trend in this segment centers on the development of corrosion-resistant and high-strength steel round bars to withstand harsh environments and challenging operating conditions in exploration and production activities.
  • Manufacturing: The steel round bars market in manufacturing includes various industries that use these bars in the production of machinery, tools, and industrial equipment. The trend in this segment focuses on the adoption of advanced steel grades and efficient manufacturing processes to produce steel round bars with consistent quality and precise dimensions, catering to diverse manufacturing applications.

Steel Round Bars Market – Regional Analysis

The Steel Round Bars Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, the steel round bars market is witnessing a trend of increasing demand for high-performance steel grades in the aerospace and automotive industries. The region’s advanced manufacturing capabilities drive the adoption of precision-engineered steel round bars for critical applications. Dominating market players in North America include Nucor Corporation, ArcelorMittal USA, and Carpenter Technology Corporation, which offer a wide range of specialty steel round bars.
  • Europe: Europe’s steel round bars market is characterized by a growing focus on sustainable construction practices, leading to the adoption of eco-friendly and recycled steel round bars in the infrastructure sector. The region’s stringent regulations on carbon emissions encourage the use of lightweight and energy-efficient steel round bars in various applications. Dominating market players in Europe include Tata Steel Europe, SSAB AB, and Outokumpu Oyj, known for their innovative and sustainable steel solutions.
  • Asia-Pacific: In the Asia-Pacific region, the steel round bars market experiences a trend of rapid urbanization and infrastructure development, fueling the demand for robust and cost-effective steel round bars in construction projects. The region’s burgeoning manufacturing industries drive the need for high-quality steel round bars for machinery and equipment. Dominating market players in Asia-Pacific include Nippon Steel Corporation, POSCO, and Baosteel Group Corporation, known for their extensive product portfolios and strong presence in the region.
  • LAMEA (Latin America, Middle East, and Africa): With increasing investment in renewable energy projects, such as wind and solar power, leading to a growing demand for specialized steel round bars for energy infrastructure. The region’s rich oil and gas reserves also contribute to the use of high-strength steel round bars in the energy sector. Dominating market players in LAMEA include Gerdau S.A., EVRAZ plc, and SABIC (Saudi Basic Industries Corporation), known for their diverse product offerings and regional market expertise.

Global Steel Round Bars Market 2023–2032 (By Application)

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Competitive Landscape – Steel Round Bars Market

The Steel Round Bars Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • ArcelorMittal S.A.
  • Nippon Steel Corporation
  • Tata Steel Ltd.
  • POSCO
  • Baosteel Group Corporation
  • Hyundai Steel Company
  • Jiangsu Shagang Group Company Limited
  • JFE Holdings Inc.
  • EVRAZ plc
  • Gerdau S.A.
  • Others

Steel Round Bars manufacturing companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, In 2021, ArcelorMittal, the world’s leading steel and mining company, formed a significant partnership with Nippon Steel Corporation, a prominent Japanese steelmaker.

The collaboration aimed to acquire Essar Steel India Limited, a major Indian steel producer that had undergone insolvency proceedings. By joining forces, ArcelorMittal and Nippon Steel successfully acquired Essar Steel, expanding their presence in the Indian steel market and solidifying their positions as key players in the global steel industry.

Several new players have entered the steel round bars market with a focus on adopting advanced technologies and sustainable practices to establish their presence. These companies leverage state-of-the-art steel production techniques, implement efficient supply chain management, and invest in research and development to offer specialized steel round bars for specific applications, thus challenging traditional market players.

Established market leaders in the steel round bars industry possess extensive manufacturing capabilities, global distribution networks, and a diverse product portfolio catering to various sectors like construction, automotive, and aerospace.

These key players, including ArcelorMittal S.A., Nippon Steel Corporation, and Tata Steel Ltd., have earned their dominance through years of experience, strong brand reputation, and continuous innovation, making them trusted partners for customers worldwide. Their well-established presence and economies of scale allow them to maintain a competitive edge and lead the market’s trajectory.

The Steel Round Bars Market is segmented as follows:

By Type

  • Hot-Rolled
  • Cold-Rolled
  • Forged

By Application

  • Transportation & Automotive
  • Industrial
  • Construction
  • Others

By Sub-type

  • Alloy
  • Carbon
  • Free Cutting
  • Stainless
  • Tool Steel

By End-use

  • Infrastructure
  • Mechanical Engineering
  • Power
  • Oil & Gas
  • Manufacturing

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Steel Round Bars Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Steel Round Bars Market : snapshot
  • Chapter 3. Global Steel Round Bars Market – Industry Analysis
    • 3.1 Steel Round Bars Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Infrastructure Development
      • 3.2.2 Automotive and Aerospace Industries
      • 3.2.3 Technological Advancements
      • 3.2.4 Renewable Energy Projects
      • 3.2.5 Urbanization in Emerging Economies
      • 3.2.6 Lightweight Materials in Automotive
      • 3.2.7 Green Building Initiatives
      • 3.2.8 Research and Development.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
      • 3.7.3 Market attractiveness analysis By Sub-type
      • 3.7.4 Market attractiveness analysis By End-use
  • Chapter 4. Global Steel Round Bars Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Steel Round Bars Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Steel Round Bars Market – Type Analysis
    • 5.1 Global Steel Round Bars Market overview: By Type
      • 5.1.1 Global Steel Round Bars Market share, By Type, 2022 and 2032
    • 5.2 Hot-Rolled
      • 5.2.1 Global Steel Round Bars Market by Hot-Rolled, 2023 – 2032 (USD Billion)
    • 5.3 Cold-Rolled
      • 5.3.1 Global Steel Round Bars Market by Cold-Rolled, 2023 – 2032 (USD Billion)
    • 5.4 Forged
      • 5.4.1 Global Steel Round Bars Market by Forged, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Steel Round Bars Market – Application Analysis
    • 6.1 Global Steel Round Bars Market overview: By Application
      • 6.1.1 Global Steel Round Bars Market share, By Application, 2022 and 2032
    • 6.2 Transportation & Automotive
      • 6.2.1 Global Steel Round Bars Market by Transportation & Automotive, 2023 – 2032 (USD Billion)
    • 6.3 Industrial
      • 6.3.1 Global Steel Round Bars Market by Industrial, 2023 – 2032 (USD Billion)
    • 6.4 Construction
      • 6.4.1 Global Steel Round Bars Market by Construction, 2023 – 2032 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global Steel Round Bars Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Steel Round Bars Market – Sub-type Analysis
    • 7.1 Global Steel Round Bars Market overview: By Sub-type
      • 7.1.1 Global Steel Round Bars Market share, By Sub-type, 2022 and 2032
    • 7.2 Alloy
      • 7.2.1 Global Steel Round Bars Market by Alloy, 2023 – 2032 (USD Billion)
    • 7.3 Carbon
      • 7.3.1 Global Steel Round Bars Market by Carbon, 2023 – 2032 (USD Billion)
    • 7.4 Free cutting
      • 7.4.1 Global Steel Round Bars Market by Free cutting, 2023 – 2032 (USD Billion)
    • 7.5 Stainless
      • 7.5.1 Global Steel Round Bars Market by Stainless, 2023 – 2032 (USD Billion)
    • 7.6 Tool Steel
      • 7.6.1 Global Steel Round Bars Market by Tool Steel, 2023 – 2032 (USD Billion)
  • Chapter 8. Global Steel Round Bars Market – End-use Analysis
    • 8.1 Global Steel Round Bars Market overview: By End-use
      • 8.1.1 Global Steel Round Bars Market share, By End-use, 2022 and 2032
    • 8.2 Infrastructure
      • 8.2.1 Global Steel Round Bars Market by Infrastructure, 2023 – 2032 (USD Billion)
    • 8.3 Mechanical Engineering
      • 8.3.1 Global Steel Round Bars Market by Mechanical Engineering, 2023 – 2032 (USD Billion)
    • 8.4 Power
      • 8.4.1 Global Steel Round Bars Market by Power, 2023 – 2032 (USD Billion)
    • 8.5 Oil & Gas
      • 8.5.1 Global Steel Round Bars Market by Oil & Gas, 2023 – 2032 (USD Billion)
    • 8.6 Manufacturing
      • 8.6.1 Global Steel Round Bars Market by Manufacturing, 2023 – 2032 (USD Billion)
  • Chapter 9. Steel Round Bar’s Market – Regional Analysis
    • 9.1 Global Steel Round Bar’s Market Regional Overview
    • 9.2 Global Steel Round Bar’s Market Share, by Region, 2022 & 2032 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Steel Round Bar’s Market, 2023 – 2032 (USD Billion)
        • 9.3.1.1 North America Steel Round Bar’s Market, by Country, 2023 – 2032 (USD Billion)
    • 9.4 North America Steel Round Bar’s Market, by Type, 2023 – 2032
      • 9.4.1 North America Steel Round Bar’s Market, by Type, 2023 – 2032 (USD Billion)
    • 9.5 North America Steel Round Bar’s Market, by Application, 2023 – 2032
      • 9.5.1 North America Steel Round Bar’s Market, by Application, 2023 – 2032 (USD Billion)
    • 9.6 North America Steel Round Bar’s Market, by Sub-type, 2023 – 2032
      • 9.6.1 North America Steel Round Bar’s Market, by Sub-type, 2023 – 2032 (USD Billion)
    • 9.7 North America Steel Round Bar’s Market, by End-use, 2023 – 2032
      • 9.7.1 North America Steel Round Bar’s Market, by End-use, 2023 – 2032 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Steel Round Bar’s Market, 2023 – 2032 (USD Billion)
        • 9.8.1.1 Europe Steel Round Bar’s Market, by Country, 2023 – 2032 (USD Billion)
    • 9.9 Europe Steel Round Bar’s Market, by Type, 2023 – 2032
      • 9.9.1 Europe Steel Round Bar’s Market, by Type, 2023 – 2032 (USD Billion)
    • 9.10 Europe Steel Round Bar’s Market, by Application, 2023 – 2032
      • 9.10.1 Europe Steel Round Bar’s Market, by Application, 2023 – 2032 (USD Billion)
    • 9.11 Europe Steel Round Bar’s Market, by Sub-type, 2023 – 2032
      • 9.11.1 Europe Steel Round Bar’s Market, by Sub-type, 2023 – 2032 (USD Billion)
    • 9.12 Europe Steel Round Bar’s Market, by End-use, 2023 – 2032
      • 9.12.1 Europe Steel Round Bar’s Market, by End-use, 2023 – 2032 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Steel Round Bar’s Market, 2023 – 2032 (USD Billion)
        • 9.13.1.1 Asia Pacific Steel Round Bar’s Market, by Country, 2023 – 2032 (USD Billion)
    • 9.14 Asia Pacific Steel Round Bar’s Market, by Type, 2023 – 2032
      • 9.14.1 Asia Pacific Steel Round Bar’s Market, by Type, 2023 – 2032 (USD Billion)
    • 9.15 Asia Pacific Steel Round Bar’s Market, by Application, 2023 – 2032
      • 9.15.1 Asia Pacific Steel Round Bar’s Market, by Application, 2023 – 2032 (USD Billion)
    • 9.16 Asia Pacific Steel Round Bar’s Market, by Sub-type, 2023 – 2032
      • 9.16.1 Asia Pacific Steel Round Bar’s Market, by Sub-type, 2023 – 2032 (USD Billion)
    • 9.17 Asia Pacific Steel Round Bar’s Market, by End-use, 2023 – 2032
      • 9.17.1 Asia Pacific Steel Round Bar’s Market, by End-use, 2023 – 2032 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Steel Round Bar’s Market, 2023 – 2032 (USD Billion)
        • 9.18.1.1 Latin America Steel Round Bar’s Market, by Country, 2023 – 2032 (USD Billion)
    • 9.19 Latin America Steel Round Bar’s Market, by Type, 2023 – 2032
      • 9.19.1 Latin America Steel Round Bar’s Market, by Type, 2023 – 2032 (USD Billion)
    • 9.20 Latin America Steel Round Bar’s Market, by Application, 2023 – 2032
      • 9.20.1 Latin America Steel Round Bar’s Market, by Application, 2023 – 2032 (USD Billion)
    • 9.21 Latin America Steel Round Bar’s Market, by Sub-type, 2023 – 2032
      • 9.21.1 Latin America Steel Round Bar’s Market, by Sub-type, 2023 – 2032 (USD Billion)
    • 9.22 Latin America Steel Round Bar’s Market, by End-use, 2023 – 2032
      • 9.22.1 Latin America Steel Round Bar’s Market, by End-use, 2023 – 2032 (USD Billion)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Steel Round Bar’s Market, 2023 – 2032 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Steel Round Bar’s Market, by Country, 2023 – 2032 (USD Billion)
    • 9.24 The Middle-East and Africa Steel Round Bar’s Market, by Type, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Steel Round Bar’s Market, by Type, 2023 – 2032 (USD Billion)
    • 9.25 The Middle-East and Africa Steel Round Bar’s Market, by Application, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Steel Round Bar’s Market, by Application, 2023 – 2032 (USD Billion)
    • 9.26 The Middle-East and Africa Steel Round Bar’s Market, by Sub-type, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Steel Round Bar’s Market, by Sub-type, 2023 – 2032 (USD Billion)
    • 9.27 The Middle-East and Africa Steel Round Bar’s Market, by End-use, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Steel Round Bar’s Market, by End-use, 2023 – 2032 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 ArcelorMittal S.A.
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Nippon Steel Corporation
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Tata Steel Ltd.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 POSCO
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Baosteel Group Corporation
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Hyundai Steel Company
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Jiangsu Shagang Group Company Limited
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 JFE Holdings Inc.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 EVRAZ plc
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Gerdau S.A.
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Others.
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
List Of Figures

Figures No 1 to 35

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • ArcelorMittal S.A.
  • Nippon Steel Corporation
  • Tata Steel Ltd.
  • POSCO
  • Baosteel Group Corporation
  • Hyundai Steel Company
  • Jiangsu Shagang Group Company Limited
  • JFE Holdings Inc.
  • EVRAZ plc
  • Gerdau S.A.
  • Others

FAQs

The key factors driving the Market are Infrastructure Development, Automotive and Aerospace Industries, Technological Advancements, Renewable Energy Projects, Urbanization in Emerging Economies, Lightweight Materials in Automotive, Green Building Initiatives And Research and Development.

The “Type” category dominated the market in 2022.

The key players in the market are ArcelorMittal S.A., Nippon Steel Corporation, Tata Steel Ltd., POSCO, Baosteel Group Corporation, Hyundai Steel Company, Jiangsu Shagang Group Company Limited, JFE Holdings Inc., EVRAZ plc, Gerdau S.A., Others.

“Asia-Pacific” had the largest share in the Steel Round Bars Market.

The global market is projected to grow at a CAGR of 3.4% during the forecast period, 2023-2032.

The Steel Round Bars Market size was valued at USD 346.5 Billion in 2022.

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