Thermo-mechanically Treated (TMT) Steel Bars Market: Overview

Thermo-mechanically treated (TMT) steel bars are manufactured using the metallurgical process which combines mechanical deformation such as compression, forging, and rolling with thermal processes such as heat treatment and quenching. In the thermal mechanical treatment process, a freshly rolled steel rod, which is at a high temperature, is rapidly cooled and its periphery, creating a hard material layer called martensite. The rod shrinks or compresses when it is cooled. This arranges the crystalline structure uniformly. This compression strengthens the rod. The core of the rod remains hot after the heat treatment, thus forming a ferrite-pearlite inner layer. The Thermo-mechanically Treated (TMT) process strengthens the steel rod and make it ductile.

Thermo-mechanically Treated (TMT) Steel Bars Market: Trends & Demands

Increase in demand for low cost reinforcement bars in construction projects such as dams and bridges drives the global thermo-mechanically treated (TMT) steel bars market. Rise in government support for the production of steel and coal propels the thermo-mechanically treated (TMT) steel bars market. Thermo-mechanically treated (TMT) steel bars are preferred over torsional bars, as these have high strength and ductility. This is a key factor boosting the demand for global thermo-mechanically treated (TMT) steel bars market. However, technical constraints such as the properties such as ductility and strength associated with high-grade thermo-mechanically treated (TMT) steel bars are anticipated to hamper the global thermo-mechanically treated (TMT) steel bars market.

Thermo-mechanically Treated (TMT) Steel Bars Market: Key Segments

Based on dimension, The global thermo-mechanically treated (TMT) steel bars market can be segmented into 12mm, 68mm, 812mm, and others. The selection of dimensions of the steel bar depends on its use. Thermo-mechanically treated (TMT) steel bars are used in construction of the foundation, which bears the load of the building, beams, and slabs. Thermo-mechanically treated (TMT) steel bars help withstand natural calamities such as windstorms and earthquakes.

Based on the chemical structure, the global thermo-mechanically treated (TMT) steel bars market can be segmented into Fe 500 & Fe 500D. Fe denotes iron and 500 stands for minimum yield stress in N/mm2 and D denotes the value of ductility. Steel bars have low percentage of sulfur and phosphorus which are harmful for the steel that is used in construction. Fe 500 D thermo-mechanically treated (TMT) steel bars have greater ductile strength than the Fe 500 thermo-mechanically treated (TMT) steel bars; however, the tensile strength is the same for both these bars. Based on end-use industry, the global thermo-mechanically treated (TMT) steel bars market can be divided into residential, commercial, and industrial.

Thermo-mechanically Treated (TMT) Steel Bars Market: Regional Outlook

In terms of geography, the global thermo-mechanically treated (TMT) steel bars market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Demand for TMT steel bar is high in North America. The U.S. is a leading consumer of thermo-mechanically treated (TMT) steel bars due to high demand from construction and re-construction industries. Based on demand, Europe accounts for a large share of the global market due to increase in demand for global thermo-mechanically treated (TMT) steel bars market from the construction industry. The global thermo-mechanically treated (TMT) steel bars market in Asia Pacific is expanding at a considerable pace. Demand for thermo-mechanically treated (TMT) steel bars is high in countries such as Japan, China, and India. The global thermo-mechanically treated (TMT) steel bars market in India is anticipated to expand at considerable pace during the forecast period due to the rapid growth in the construction industry.

Thermo-mechanically Treated (TMT) Steel Bars Market: Key Players

Key players operating in the global thermo-mechanically treated (TMT) steel bars market include Arcelor Mittal Zenica, Balkan Steel Engineering Ltd., Essar Steel, HBIS Group, HUS Ltd., Metalopromet d. o. o. Kula, MMD, SIDERAL S.H.P.K., SIJ Group, and TATA Steel. 

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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