Market Overview:
The global 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 special bar quality steel in the automotive, energy, and industry sectors. In terms of type, SBQ bars are expected to dominate the global market during the forecast period owing to their high strength and durability properties. By application, automotive is projected to be the fastest-growing segment during the forecast period owing to rising demand for lightweight vehicles with improved fuel efficiency. In terms of region, Asia Pacific is projected to be the fastest-growing region duringthe forecastperiod due tobusiness expansion in countries such as China and India. Some ofthe key players operating in thismarket include ArcelorMittal (Luxembourg), Nippon Steel & Sumitomo Metal Corporation (Japan), JFE Holdings Inc.(Japan), POSCO(South Korea),and Hebei Iron & Steel Co., Ltd.(China).
Product Definition:
Special Bar Quality (SBQ) steel is a high-quality carbon or alloy steel that is used in the manufacture of special-purpose bars. SBQ steels are characterized by their superior strength, toughness, and wear resistance. They are often used in applications where these properties are essential, such as in the construction of tools, dies, and molds.
SBQ Bar:
The term SBQ is used for Special Bar Quality Steel and it means SuperBeHigh. It's a new term in the steel market which was created to define a very high quality standard of steel. The higher carbon, manganese, and silicon contents in this type of steel make it stronger than normal carbon steels.
SBQ Flat:
SBQ Flat is a type of steel that has been processed to remove almost all carbon and iron. It is then heated above the recrystallization temperature of the metal, which makes it amorphous and allows it to flow more easily. The final product has low carbon content (around 0.25%) along with very low inclusions (around 5% Iron).
Application Insights:
Automotive was the largest application segment in 2017 and accounted for a market share of over 30% in terms of volume. The global automotive industry is growing at a significant pace owing to various factors such as increasing disposable income, population growth, urbanization and rising vehicle production rates. This has resulted in an increased demand for specialty bar quality steel across the globe.
The energy sector is anticipated to emerge as one of the fastest-growing segments over the forecast period on account of increasing investments from countries such as China, Japan and South Korea coupled with stable growth from other regions including North America and Europe. These factors are expected to result in high product demand across multiple applications within this sector by 2030.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as rapid industrialization and urbanization; increasing population; advancements in living standards due to rising disposable income levels of consumers along with a growing middle-class population.
China has been one of the largest producers of steel globally on account of low labor costs coupled with easy access to energy sources required for production activities. Moreover, high investments by domestic players in developing new products have resulted in increased demand for special bar quality steel across end-use industries such as automotive and others over the past few years.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing popularity of special bar quality steel in the Asia Pacific region
- Rising investment in research and development by key players to develop new products
- Proliferation of online retail platforms that offer a wide range of special bar quality steel products at competitive prices
- Expansion of manufacturing capacities by key players to cater to the growing demand
Scope Of The Report
Report Attributes
Report Details
Report Title
Special Bar Quality Steel Market Research Report
By Type
SBQ Bar, SBQ Flat, Others
By Application
Automotive, Energy, Industry, Others
By Companies
Republic Steel, Gerdau, TimkenSteel, Nucor, Steel Dynamics, Alton Steel, Stomana Industry S.A.
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Special Bar Quality Steel Market Report Segments:
The global Special Bar Quality Steel market is segmented on the basis of:
Types
SBQ Bar, SBQ Flat, 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, Industry, 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:
- Republic Steel
- Gerdau
- TimkenSteel
- Nucor
- Steel Dynamics
- Alton Steel
- Stomana Industry S.A.
Highlights of The 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:
- SBQ Bar
- SBQ Flat
- Others
- By Application:
- Automotive
- Energy
- Industry
- 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 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
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?
Special Bar Quality Steel is a type of steel that has been specifically treated to improve its strength and durability. This treatment includes adding elements such as nickel, chromium, or molybdenum to the steel's alloy mix. These additions make the steel more resistant to wear and tear, making it ideal for use in products that require high levels of durability.
Some of the major companies in the special bar quality steel market are Republic Steel, Gerdau, TimkenSteel, Nucor, Steel Dynamics, Alton Steel, Stomana Industry S.A..
The special bar quality steel market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Special Bar Quality Steel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 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 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 Special Bar Quality Steel Market Size & Forecast, 2020-2028 4.5.1 Special Bar Quality Steel Market Size and Y-o-Y Growth 4.5.2 Special Bar Quality Steel Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 SBQ Bar
5.2.2 SBQ Flat
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Energy
6.2.3 Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 SBQ Bar
9.6.2 SBQ Flat
9.6.3 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 Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Energy
9.10.3 Industry
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 SBQ Bar
10.6.2 SBQ Flat
10.6.3 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 Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Energy
10.10.3 Industry
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 SBQ Bar
11.6.2 SBQ Flat
11.6.3 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 Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Energy
11.10.3 Industry
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 SBQ Bar
12.6.2 SBQ Flat
12.6.3 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 Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Energy
12.10.3 Industry
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 SBQ Bar
13.6.2 SBQ Flat
13.6.3 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) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Energy
13.10.3 Industry
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 Special Bar Quality Steel Market: Competitive Dashboard
14.2 Global Special Bar Quality Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Republic Steel
14.3.2 Gerdau
14.3.3 TimkenSteel
14.3.4 Nucor
14.3.5 Steel Dynamics
14.3.6 Alton Steel
14.3.7 Stomana Industry S.A.