Market Overview:
The global SBQ (special bar quality) steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for SBQ steel from various end-use industries, such as automotive, energy, transportation, and others. In terms of type, the rounds segment is expected to hold the largest share in the global SBQ steel market during the forecast period. This can be attributed to its high demand from various end-use industries across different regions.
 Steel Industry Outlook.svg)
Product Definition:
SBQ (Special Bar Quality) Steel is a high quality steel that is used in the manufacturing of precision parts and components. The importance of SBQ (Special Bar Quality) Steel is that it provides a high degree of accuracy and consistency, which is essential for critical applications.
Rounds:
Rounds is a micro-sized particle made from high carbon steel. It has round shape and is very hard. The particles size range from 0.1 to 10 mm, depending upon the requirement of the manufacturer. It can be used in any application where high precision and hardness are required such as cutting tools, machine parts, springs etc.
Squares:
The global Squares and it's usage in SBQ (Special Bar Quality) Steel market size was valued at USD 8,100.0 million in 2016. The increasing demand for the product from construction and automotive industries is expected to drive the market over the forecast period.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030. TheSBQ steel is used for manufacturing body-in-white (BIW) components including fuel tanks, radiators, front grilles, headlights and tailgates on account of its superior mechanical properties and low cost as compared to other high strength steels.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing automotive production in countries such as India, China, Japan and South Korea. In addition, rising construction activities due to growing urbanization are also expected to drive product demand over the next eight years.
The energy sector is one of the key sectors that use square bars for their infrastructure development projects including power plants and nuclear reactors. Furthermore, increasing investments by various governments for developing renewable energy sources such as wind farms are anticipated to propel industry growth over the coming years.
North America accounted for a significant share owing to high steel production capacity in U.S., which resulted into high industrial output from manufacturing industries including machinery & equipment manufacturing and transportation sector using square bars with higher efficiency than other bar products thus propelling market growth during forecast period from 2018 till 2030 to a certain extent).
Growth Factors:
- Growing demand from the automotive and construction industries
- Increasing use of steel in renewable energy projects
- Rising consumption in developing countries
- Technological advancements that improve the quality and efficiency of steel production
- Government policies and initiatives that promote the use of steel
Scope Of The Report
Report Attributes
Report Details
Report Title
SBQ (Special Bar Quality) Steel Market Research Report
By Type
Rounds, Squares, Hexagons, Others
By Application
Automotive, Energy, Transportation, Others
By Companies
CITIC, ICH, TimkenSteel, Max Aicher, Weifang Special Steel Iron and Steel Co.,Ltd, Gerdau SA, JSW Steel, Charter Steel, SeAH Besteel, Steel Dynamics Inc, CITIC, Valin Group, Tata Steel, Sidenor, Alton Steel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global SBQ (Special Bar Quality) Steel Market Report Segments:
The global SBQ (Special Bar Quality) Steel market is segmented on the basis of:
Types
Rounds, Squares, Hexagons, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Energy, Transportation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CITIC
- ICH
- TimkenSteel
- Max Aicher
- Weifang Special Steel Iron and Steel Co.,Ltd
- Gerdau SA
- JSW Steel
- Charter Steel
- SeAH Besteel
- Steel Dynamics Inc
- CITIC
- Valin Group
- Tata Steel
- Sidenor
- Alton Steel
 Steel Market Overview.svg)
Highlights of The SBQ (Special Bar Quality) Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rounds
- Squares
- Hexagons
- Others
- By Application:
- Automotive
- Energy
- Transportation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the SBQ (Special Bar Quality) Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Steel Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
SBQ steel is a type of steel that has been specifically treated to improve its strength and durability.
Some of the key players operating in the sbq (special bar quality) steel market are CITIC, ICH, TimkenSteel, Max Aicher, Weifang Special Steel Iron and Steel Co.,Ltd, Gerdau SA, JSW Steel, Charter Steel, SeAH Besteel, Steel Dynamics Inc, CITIC, Valin Group, Tata Steel, Sidenor, Alton Steel.
The sbq (special bar quality) steel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SBQ (Special Bar Quality) Steel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 SBQ (Special Bar Quality) Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SBQ (Special Bar Quality) Steel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the SBQ (Special Bar Quality) Steel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global SBQ (Special Bar Quality) Steel Market Size & Forecast, 2018-2028
4.5.1 SBQ (Special Bar Quality) Steel Market Size and Y-o-Y Growth
4.5.2 SBQ (Special Bar Quality) Steel Market Absolute $ Opportunity
Chapter 5 Global SBQ (Special Bar Quality) Steel Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 SBQ (Special Bar Quality) Steel Market Size Forecast by Type
5.2.1 Rounds
5.2.2 Squares
5.2.3 Hexagons
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global SBQ (Special Bar Quality) Steel Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 SBQ (Special Bar Quality) Steel Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Energy
6.2.3 Transportation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SBQ (Special Bar Quality) Steel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 SBQ (Special Bar Quality) Steel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America SBQ (Special Bar Quality) Steel Analysis and Forecast
9.1 Introduction
9.2 North America SBQ (Special Bar Quality) Steel Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America SBQ (Special Bar Quality) Steel Market Size Forecast by Type
9.6.1 Rounds
9.6.2 Squares
9.6.3 Hexagons
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America SBQ (Special Bar Quality) Steel Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Energy
9.10.3 Transportation
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe SBQ (Special Bar Quality) Steel Analysis and Forecast
10.1 Introduction
10.2 Europe SBQ (Special Bar Quality) Steel Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe SBQ (Special Bar Quality) Steel Market Size Forecast by Type
10.6.1 Rounds
10.6.2 Squares
10.6.3 Hexagons
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe SBQ (Special Bar Quality) Steel Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Energy
10.10.3 Transportation
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific SBQ (Special Bar Quality) Steel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SBQ (Special Bar Quality) Steel Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific SBQ (Special Bar Quality) Steel Market Size Forecast by Type
11.6.1 Rounds
11.6.2 Squares
11.6.3 Hexagons
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific SBQ (Special Bar Quality) Steel Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Energy
11.10.3 Transportation
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America SBQ (Special Bar Quality) Steel Analysis and Forecast
12.1 Introduction
12.2 Latin America SBQ (Special Bar Quality) Steel Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America SBQ (Special Bar Quality) Steel Market Size Forecast by Type
12.6.1 Rounds
12.6.2 Squares
12.6.3 Hexagons
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America SBQ (Special Bar Quality) Steel Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Energy
12.10.3 Transportation
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) SBQ (Special Bar Quality) Steel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SBQ (Special Bar Quality) Steel Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) SBQ (Special Bar Quality) Steel Market Size Forecast by Type
13.6.1 Rounds
13.6.2 Squares
13.6.3 Hexagons
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) SBQ (Special Bar Quality) Steel Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Energy
13.10.3 Transportation
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 SBQ (Special Bar Quality) Steel Market: Competitive Dashboard
14.2 Global SBQ (Special Bar Quality) Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CITIC
14.3.2 ICH
14.3.3 TimkenSteel
14.3.4 Max Aicher
14.3.5 Weifang Special Steel Iron and Steel Co.,Ltd
14.3.6 Gerdau SA
14.3.7 JSW Steel
14.3.8 Charter Steel
14.3.9 SeAH Besteel
14.3.10 Steel Dynamics Inc
14.3.11 CITIC
14.3.12 Valin Group
14.3.13 Tata Steel
14.3.14 Sidenor
14.3.15 Alton Steel
