Long Steel Market Study Report Based on Size, Shares, Opportunities, Industry Trends by 2027
- elizabethsanchez28
- Aug 31, 2021
- 4 min read
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.
The new report published by Emergen Research, titled “Global Long Steel Market”, offers in-depth scrutiny of the Long Steel market landscape and its growth prospects over the forecast years. The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Long Steel market.
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Some Key Highlights From the Report
· Deployment of electric arc furnaces for steel production is rapidly gaining traction among steel manufacturing companies. Electric arc furnaces find use for smelting of high-quality steel and various other special steels. The production process enables production of a range of steel grades with low capital outlay, and melting processes can be automated, thereby offering high flexibility and efficiency.
· Long steel market in Asia Pacific accounted for fastest revenue share growth in 2020 and trend is expected to continue over the forecast period. This can be attributed to rapid growth in the urbanization trend in countries such as China and India, which is driving steady growth of the construction industry. Additionally, presence of leading companies in the region is supporting market growth.
· Major companies in the 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.
Long Steel Market Segmentation:
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)
o Electric Arc Furnace
o Basic Oxygen Furnace
· Product Type Outlook (Revenue, USD Billion; 2018–2028)
o Wire Rod
o Rebar
o Rail
o Merchant Bar
o Others
· Application Outlook (Revenue, USD Billion; 2018–2028)
o Industrial
o Construction
o Railways
o Others
· Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
o Direct
o Indirect
Regional Analysis:
The global Long Steel market report broadly considers the market mechanism of both the developing and developed regions of the market. This section provides crucial data and information about the different market regions, a country-wise analysis of the Long Steel industry, and an assessment of the market reach and consumer base in the key geographical regions to enable readers to formulate effective business expansion strategies.
Major Geographies Encompassed 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)
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Objectives of the Global Long Steel Market Study:
· An in-depth study of the evolving market sectors and the growth & penetration status of the global Long Steel market
· COVID-19 Impact Analysis to highlight the major opportunities and challenges
· Strategic recommendations to help readers formulate lucrative business strategies
· Identification of the emerging players and their tactical approaches to expand market presence
· An extensive study of the product portfolios of the major market players and their regional presence
· A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures
Table Of Content:
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 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 4.2.2.1. Surging urbanization rate 4.2.2.2. Growing focus on infrastructure development 4.2.2.3. Growth of the automotive industry 4.2.2.4. Rising disposable income 4.2.3. Market restraints analysis 4.2.3.1. 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
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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