Square Billets Market 2024 Highlights On Future Development, Top Trends And Leading Players Analysis To 2031 - Alleima, Deutsche Nickel, Baosteel Group, Emirates Global Aluminium

Global Square Billets market reached USD 753.0 million in 2022 and is expected to reach USD 1,355.4 million by 2031 growing with a CAGR of 7.6% during the forecast period 2024-2031.

This study enhances the understanding of global Square Billets Market dynamics and structure by segmenting and analyzing various market sectors while estimating the overall market size. The purpose of this market research report is to provide a thorough analysis, including insightful observations, statistics, historical data, and industry-validated insights. It also aims to offer forecasts based on solid assumptions and methodologies.

The market is driven by factors like industrial growth, construction activities, infrastructure development, and demand from various end-use industries. Asia-Pacific dominates, accounting for over 54.5% of the global square billets market. Regional demand is fueled by the construction and infrastructure sectors, as growing urbanization and development projects increase the need for steel and metal components, boosting the demand for square billets.

Competitive Landscape
The report go through the competitive positioning of key companies, examining aspects such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach.

Alleima, Deutsche Nickel, Baosteel Group, Emirates Global Aluminium, Hindalco, JFE Steel Corporation, ArcelorMittal, TMK Group, EVRAZ and Gerdau.

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Key Developments

• In February 2022, Emirates Global Aluminium, the UAE's largest industrial firm outside oil and gas, announced plans to build a 150,000-tonne-per-year aluminum recycling facility. This will be the company's first and the largest in the UAE, converting post-consumer aluminum into low-carbon, high-quality aluminum billets.
• On April 18, 2019, SMS Group and Jindal Shadeed Iron & Steel LLC (JSIS), a subsidiary of Jindal Group, installed a high-speed billet caster with six strands in Sohar, Oman. Just a month after startup, it cast 42 consecutive heats, showcasing rapid efficiency. The machine, developed with SMS Concast, casts rebar billets with a 165 mm square section at a speed of 3.6 meters per minute.
• On May 26, 2020, Ural Steel, in collaboration with the I.P. Bardin Central Research Institute, finalized production processes for concast billets used in 100-meter-long rails. This was made possible by re-equipping CCM #6 in 2017, enabling the production of 300 x 330 mm square billets, which were then delivered to Aktobe Rail and Section Works.

Market Segmentation

The Square Billets market research report is segmented:

By Size: 100x100 mm, 150x150 mm, 200x200 mm, Others

By Material: Carbon Steel, Alloy Steel, Stainless Steel, Aluminum, Others

By End-User: Automotive, Aerospace, Oil & Gas, Power Generation, Construction, Railways, Others

Regional Analysis

North America: US, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Rest of Europe
Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
South America: Brazil, Argentine, Rest of South America
Middle East and Africa

*Note: The full version of the report includes an in-depth analysis of emerging players and startups, providing valuable insights into the evolving market landscape and key strategies being adopted. *

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Key Questions Addressed in the Study

➡What is the projected growth rate of the Square Billets Market during the forecast period of 2031?
➡What are the primary factors driving the Square Billets Market across different regions?
➡Who are the leading vendors in the Square Billets industry, and what strategies contribute to their success?
➡What is the expected market scope for the upcoming period?
➡What significant trends are shaping the industry's growth in the near future?
➡What challenges does the Square Billets Market face?

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