Global TMT Steel Bar Market was valued US$XX Bn in 2019 and is estimated to reach US$XX Bn by 2026
at a CAGR of about XX% during a forecast.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders,
followers, and disrupters. Since lock down was implemented differently in different regions and
countries, impact of same is also different by regions and segments. The report has covered the current
short term and long term impact on the market, same will help decision makers to prepare the outline
for short term and long term strategies for companies by region.
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Global TMT Steel Bar Market Dynamics:
TMT steel bar market is anticipated to grow rapidly owing to different factors such as infrastructural
development across globe and advantages offered by TMT bars over torsional bars. TMT steel bar
market is further driven by different factors such as rise in demand for low-cost reinforcement bars. Rise
in investment by countries such as China in heavy industry is anticipated to provide potential growth
opportunities to the market players during the forecast period. However, technical constraints
concerned with higher grade TMT bars are anticipated to hamper the market growth.
TMT steel bar market is segmented by diameter, by application, by grade, and by region. On the basis of
diameter, the TMT steel bar market is divided into 68 mm, 812 mm, and 12 mm & Above TMT steel bars.
By application, TMT steel bar is classified into residential, commercial, and infrastructure applications.
According to grade, TMT steel bar is bifurcated into FE-415, FE-500, FE-550, FE-600, and others.
Geographically TMT Steel Bar market is segmented into North America, Europe, Asia Pacific, Middle East
& Africa and Latin America.
Fe 415 grade TMT steel bars accounted for the XX % of largest revenue in the Balkans TMT steel bar
market in 2017. Fe 415 has a yield stress of 415N PER SQMM whereas Fe250 has a yield stress