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Long Steel Market worth $636.7 billion by 2025 | Major Players are Arcelor Mittal (Germany), Gerdau S.A. (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), and Nucor Corporation (US)

01-13-2021 02:56 PM CET | Industry, Real Estate & Construction

Press release from: MarketsandMarkets.com

Long Steel Market worth $636.7 billion by 2025 | Major Players

The report "Long Steel Market by Process (Basic Oxygen Furnace, Electric Arc Furnace), Product Type (Rebar, Merchant Bar, Wire Rod, Rail) End-Use Industry (Construction, Infrastructure, Others), and Region (NA, EUROPE, APAC, MEA, SA) - Global Forecast to 2025" The long steel market size is estimated to be USD 527.0 billion in 2020 and projected to reach USD 636.7 billion by 2025, at a CAGR of 3.9% from 2020 to 2025. Increasing construction and infrastructure activities, rising population levels, and industrialization are the major factors responsible for the growth of the long steel market. However, the recent outbreak of Covid-19 is expected to have a severe impact on the long steel market.

Browse 124 market data tables and 48 figures spread through 186 pages and in-depth TOC on "Long Steel Market - Global Forecast to 2025 "

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/long-steel-market-16667036.html

The basic oxygen furnace segment is projected to lead the long steel market during the forecast period
In 2019, the basic oxygen furnace accounted for a larger share of the market as compared to the electric arc furnace segment. This large share can be attributed to the advantages of the basic oxygen furnace process, such as high production volume. BOF is adopted by large players in the long steel market.

The rebar segment is projected to lead the long steel market during the forecast period
The rebar segment is expected to account for the largest share of the market during the forecast period. Rebar is mainly used as a reinforcement in steel to increases its tensile strength. The wire rod segment is expected to grow at the highest CAGR during the forecast period, owing to its wide application areas in various end-use industries.

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The infrastructure industry is projected to be the major consumer of long steel during the forecast period
Based on end-use industry, the global long steel market is segregated into construction, infrastructure, and others. Other industries include automotive, hardware manufacturing, and machinery. The infrastructure segment expected to account for the largest share in the long steel market during the forecast period. Increasing investment in infrastructural activities is expected to drive the growth of the market. The infrastructure industry is also expected to grow at the highest CAGR during the forecast period.

Asia Pacific is projected to be the largest consumer of long steel during the forecast period
Based on region, the long steel market is segregated into Asia Pacific, the Middle East & Africa, North America, Europe, and South America. Among these, the Asia Pacific accounted for the largest share in 2019.

This large share can be attributed to the presence of various global steelmakers such as ArcelorMittal, Nippon Steel and Sumitomo Metal Corporation, Tata Steel, and POSCO Steel in the region. The availability of domestic labor and raw materials at low-cost in the region are other advantages for these companies. Rapidly increasing population and urbanization are also expected to fuel the growth of the market. Asia Pacific is also expected to grow at the highest CAGR during the forecast period.

Key players in the long steel market, namely, Arcelor Mittal (Germany), Gerdau S.A. (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), and Nucor Corporation (US) are considered for the study.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=16667036

Key Questions Addressed by the Report:
• What are the future revenue pockets in the long steel market?
• Which key developments are expected to have a long-term impact on the long steel market?
• Which process is expected to cannibalize existing markets?
• How is the current regulatory framework expected to impact the market?
• What will be the future product mix of the long steel (scrap and new)?
• What are the prime strategies of leaders in the long steel market?

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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