Market Overview:
The global thermo-mechanically treated (TMT) steel bars market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for TMT bars from residential, commercial, and industrial applications. In terms of volume, the 12mm segment is expected to dominate the global TMT steel bars market during the forecast period. However, in terms of value, the 812mm segment is expected to grow at a higher CAGR than other segments during the forecast period. In terms of region, Asia Pacific is projected to be fastest growing region for TMT steel bars market during 2018-2030 owing to rapid infrastructure development and rising demand from construction sector in countries such as China and India.
 Steel Bars Industry Outlook.svg)
Product Definition:
Thermo-mechanically treated (TMT) steel bars are a type of reinforced bar that has been heated and then cooled in a controlled environment. This treatment helps to improve the strength and durability of the bar, making it ideal for use in construction projects. TMT bars are often used in concrete or masonry applications, where their improved strength can help to create a more durable finished product.
12mm:
12mm is a standard gauge steel bar for structural applications in the building & construction industry. It has high demand due to its cost-effectiveness, durability and versatility in various structural applications such as beams, channels, sections and others. 12 mm TMT steel bars are widely used in commercial buildings owing to their low maintenance costs and corrosion resistance properties along with high strength.
The global 12mm it's usage.
68mm:
68mm is a special size of steel bar that has a yield strength of over 200 Mpa, and it's mainly used in the TMT (Thermo-mechanically treated) steel bars. 68mm TMT bars have higher yield strength as compared to the 52 mm bar but lower than the 80 mm bar. The 68 mm TMT steel bars are widely used in construction applications such as reinforcement for concrete structures and rebar for reinforcing purposes.
Application Insights:
The global demand for TMT steel bars has witnessed a paradigm shift due to the development of advanced construction techniques and growing emphasis on green buildings. The residential segment emerged as the largest application segment in 2017, accounting for 49.5% of the total revenue share. This is attributed to increasing urbanization and rising consumer preference for low-carbon building materials, such as steel. Thermo-mechanically treated (TMT) steel bars are used in residential constructions owing to their ability to resist corrosion caused by moisture penetration through concrete structures or woodwork into underlying metal structure, thereby protecting structural components from decay or weakening over time.
Commercial construction is expected register a CAGR of XX% from 2018 to 2030 on account of rising commercial real estate projects across developing countries including China, India & Brazil where TMT bars are used in high rise buildings owing to its lightweight properties which make it ideal for use with glass curtain walls.
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 rapid industrialization and urbanization in countries, such as India, China, Indonesia, Vietnam among others. In addition, rising construction activities due to growing population are anticipated to drive demand for steel bars in Asia Pacific region.
The European market was valued at USD X billion in 2017 and is projected to witness steady growth over the forecast period owing to increasing construction spending along with a rise in residential building projects across Europe on account of low mortgage rates.
Growth Factors:
- Increasing demand for TMT bars from the construction sector as a result of growth in the real estate industry.
- Rising demand for TMT bars from infrastructure development projects due to government initiatives such as 'Make in India' and 'Smart Cities'.
- Growing use of TMT bars in automobile manufacturing due to their superior mechanical properties compared to traditional steel grades used in this application.
- Increasing penetration of TMT bars into the rural markets owing to rising income levels and improving infrastructure facilities there.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermo-mechanically Treated (TMT) Steel Bars Market Research Report
By Type
12mm, 68mm, 812mm, Others
By Application
Residential, Commercial, Industrial
By Companies
Arcelor Mittal Zenica, Balkan Steel Engineering Ltd., Essar Steel, HBIS Group, HUS Ltd., Metalopromet d. o. o. Kula, SIDERAL S.H.P.K., SIJ Group, TATA 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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Thermo-mechanically Treated (TMT) Steel Bars Market Report Segments:
The global Thermo-mechanically Treated (TMT) Steel Bars market is segmented on the basis of:
Types
12mm, 68mm, 812mm, 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
Residential, Commercial, Industrial
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:
- Arcelor Mittal Zenica
- Balkan Steel Engineering Ltd.
- Essar Steel
- HBIS Group
- HUS Ltd.
- Metalopromet d. o. o. Kula
- SIDERAL S.H.P.K.
- SIJ Group
- TATA Steel.
 Steel Bars Market Overview.svg)
Highlights of The Thermo-mechanically Treated (TMT) Steel Bars 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:
- 12mm
- 68mm
- 812mm
- Others
- By Application:
- Residential
- Commercial
- Industrial
- 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 Thermo-mechanically Treated (TMT) Steel Bars 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 Bars 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?
Thermo-mechanically treated (TMT) steel bars are a type of steel that has been treated with a heat treatment process that alters the microstructure of the metal. This treatment makes TMT steel more resistant to corrosion and also makes it stronger.
Some of the major players in the thermo-mechanically treated (tmt) steel bars market are Arcelor Mittal Zenica, Balkan Steel Engineering Ltd., Essar Steel, HBIS Group, HUS Ltd., Metalopromet d. o. o. Kula, SIDERAL S.H.P.K., SIJ Group, TATA Steel..
The thermo-mechanically treated (tmt) steel bars 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 Thermo-mechanically Treated (TMT) Steel Bars 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 Thermo-mechanically Treated (TMT) Steel Bars Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermo-mechanically Treated (TMT) Steel Bars 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 Thermo-mechanically Treated (TMT) Steel Bars 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 Thermo-mechanically Treated (TMT) Steel Bars Market Size & Forecast, 2020-2028
4.5.1 Thermo-mechanically Treated (TMT) Steel Bars Market Size and Y-o-Y Growth
4.5.2 Thermo-mechanically Treated (TMT) Steel Bars 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 12mm
5.2.2 68mm
5.2.3 812mm
5.2.4 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 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermo-mechanically Treated (TMT) Steel Bars 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 Thermo-mechanically Treated (TMT) Steel Bars 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 12mm
9.6.2 68mm
9.6.3 812mm
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 Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
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 12mm
10.6.2 68mm
10.6.3 812mm
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 Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
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 12mm
11.6.2 68mm
11.6.3 812mm
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 Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
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 12mm
12.6.2 68mm
12.6.3 812mm
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 Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
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 12mm
13.6.2 68mm
13.6.3 812mm
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) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
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 Thermo-mechanically Treated (TMT) Steel Bars Market: Competitive Dashboard
14.2 Global Thermo-mechanically Treated (TMT) Steel Bars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arcelor Mittal Zenica
14.3.2 Balkan Steel Engineering Ltd.
14.3.3 Essar Steel
14.3.4 HBIS Group
14.3.5 HUS Ltd.
14.3.6 Metalopromet d. o. o. Kula
14.3.7 SIDERAL S.H.P.K.
14.3.8 SIJ Group
14.3.9 TATA Steel.
