The Balkan TMT steel bar market is valued at $ 1,767
million in 2017 and is expected to reach $ 4,065 million by 2024, with an
annual average growth rate of 12.5% from 2018 to 2024. The market size is
2017 2,669,000 tonnes per year and is expected to reach 5,435 tonnes by 2024
and is expected to grow at an annual average rate of 10.6% from 2018 to 2024.
TMT steel bars are high-quality reinforced steel bars
routinely used in the infrastructure and construction industries due to their
significant physical properties such as ductility, toughness and corrosion
resistance.
The Balkan TMT steel bar market is expected to increase
considerably in the near future due to a variety of factors including the
development of the Balkan region and the benefits offered by the TMT bar rather
than the torsional bar. The support and cooperation of the EU for the
development of the coal and steel industry in the Balkans also complements the
growth of the market. However, technological constraints associated with
advanced TMT bars are expected to hamper market growth. On the contrary, in the
Balkan industry, investment growth in countries like China is expected to
provide potential growth opportunities for market participants during the
forecast period.
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The report provides an extensive competitive analysis and
profiles of the key market players such as
·
ArcelorMittal Zenica
·
Balkan Steel Engineering Ltd.
·
Essar Steel
·
HBIS Group
·
HUS Ltd.
·
Metalopromet d. o. o. Kula
·
MMD
·
SIDERAL S.H.P.K.
·
SIJ Group
·
TATA Steel.
The other players in the value chain (not included in the
report) include Eurometal Bulgaria Ltd., Ovako Bulgaria, and Metalfer Group.
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According to grade, in 2017, the FE-415 grade
TMT steel bars accounted for more than two-thirds share of the market, in terms
of volume. By application, the residential application segment garnered nearly
one-fourth of the market share by value in 2017, and is projected to exhibit
prominent growth rate, owing to surge in construction of housing &
residential projects in the Balkans.
Depending on the diameter segment, the TMT bars
having diameter of 12 mm & above generated the highest revenue in 2017, due
to their widespread application in reinforced concrete columns.
Key Findings of the
Balkans TMT Steel Bar Market :
- The Fe 415 grade TMT steel bars accounted
for the largest revenue in the Balkans TMT steel bar market in 2017.
- Commercial application is anticipated to
grow with the highest CAGR throughout the forecast period.
- By volume, Albania accounted for nearly
one-sixth share of the Balkans TMT steel bar market in 2017.
- Kosovo is anticipated to grow at the
highest rate during the analysis period, followed by Bosnia and
Herzegovina.
Albania was the leading revenue contributor to
the Balkan market in 2017, owing to high adoption rate of TMT steel bars and
rise in construction projects such as the National Arena Stadium in Tirana,
construction of the Trans Adriatic Pipeline, and others. However, Kosovo is
expected to grow at the highest CAGR of 15.0% from 2018 to 2025, due increase
in government and private sector initiatives to improve the energy
infrastructure, connectivity & transportation, and development in this
region.
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