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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