Rapid industrialization and urbanization, particularly in developing countries, is a major factor driving global long steel market revenue growth
The global long steel market size is expected to reach USD 701.69 Billion at a steady CAGR of 3.6% in 2028, according to latest analysis by Emergen Research. 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.
The latest market intelligence report, titled ‘Global Long Steel Market’, is intended to provide the target audience with the necessary information about the global Long Steel industry.
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Major companies in the Long Steel market include 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.
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 report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Long Steel market players.
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The research study presents an industry-wide summary of the Long Steel market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Long Steel7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Long Steel market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
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
- Merchant Bar
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
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The Long Steel industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
- What is the growth rate of the Long Steel market? What is the anticipated market valuation of the Long Steel industry by 2027?
- What are the key growth driving and restraining factors of the Long Steel market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Long Steel industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
Take a look “Table of Content Long Steel market”:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Long Steel Market Segmentation & Impact Analysis
4.1. Long Steel Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
126.96.36.199. Surging urbanization rate
188.8.131.52. Growing focus on infrastructure development
184.108.40.206. Growth of the automotive industry
220.127.116.11. Rising disposable income
4.2.3. Market restraints analysis
18.104.22.168. Fluctuating price of raw materials
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Long Steel Market By Production Process Insights & Trends, Revenue (USD Billion)
5.1. Production Process Dynamics & Market Share, 2021 & 2028
5.1.1. Electric Arc Furnace
5.1.2. Basic Oxygen Furnace
Chapter 6. Long Steel Market By Product Type Insights & Trends, Revenue (USD Billion)
6.1. Product Type Dynamics & Market Share, 2021 & 2028
6.1.1. Wire Rod
6.1.4. Merchant Bar
Chapter 7. Long Steel Market By Application Insights & Trends, Revenue (USD Billion)
7.1. Application Dynamics & Market Share, 2021 & 2028
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