Cold Drawn Bar Market Insights, Size, Share, Growth, Future Trends, Covid-19 Impact, SWOT Analysis, Top Key Players and Industry Forecasts 2022 to 2030
The global Cold Drawn Bar market is valued at USD 7.6 million in 2022 and is projected to grow at a CAGR of 8% during the forecast period.
Cold Drawn Bar Market Overview:
The cold drawn bar is a type of steel product that is produced from a hot-rolled piece of steel. The process of cold drawing involves the use of a die to shape the steel into its desired form. This process alters the size, shape, and surface finish of the steel, and can be used to create a variety of shapes, including rounds, hexagons, squares, and flats. The cold drawn bar is used in a variety of applications, including construction, machining, and automotive.
Some of the key factors that are expected to drive the growth of the market include growing demand for cold drawn bars from construction and machining applications and rising demand from emerging economies. However, volatility in the prices of raw materials is likely to restrain the growth of this market during the forecast period.
Cold Drawn Bar market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Cold Drawn Bar market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The Cold Drawn Bar market research report is categorized based on type, applications and region.
Market Key Players:
O'Neal Steel, CSO, Halmstad AB, Marcegaglia, Ovako, Eaton Steel, Northlake Steel, Novacciai, Capital Steel & Wire, Laurel Steel, Nucor, PT Citra Tanamas, Piyush Steel, United Bright Bar, TRAFITAL, Jignesh Steel, and others.
- Machinal Part
Geographically, the global Cold Drawn Bar market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
Asia Pacific region dominated the global cold drawn bar market in terms of revenue, with a share of over 40% in 2019. The region is expected to witness significant growth owing to rising construction activities and rapid industrialization in emerging economies such as China, India, and others. Indonesia, Malaysia and Thailand. Moreover, increasing demand for transportation infrastructure will further drive the demand.
Europe is expected to be the second largest market during the forecast period due to the presence of major players such as ArcelorMittal, ThyssenKrupp, and VAI. The region is also home to a large number of end-use industries such as construction and automotive, which are expected to positively impact the market growth.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Cold Drawn Bar Market report scope
CAGR of 8.0% during the forecast period.
Rounds, Hexagons, Squares
Construction, Machinal Part
O'Neal Steel, CSO, Halmstad AB, Marcegaglia, Ovako, Eaton Steel, Northlake Steel, Novacciai, Capital Steel & Wire, Laurel Steel, Nucor, PT Citra Tanamas, Piyush Steel, United Bright Bar, TRAFITAL, Jignesh Steel
Regions and Countries Covered
2017 to 2022
2023 to 2030
Key Takeaways from this Cold Drawn Bar Report
- Estimate Cold Drawn Bar market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Cold Drawn Bar market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions
At what CAGR is the Cold Drawn Bar market projected to grow in the forecast period 2022 to 2030?
What are the types of Cold Drawn Bar market?
What are the applications of Cold Drawn Bar market?
Who are the top players in Cold Drawn Bar market?
Which application segment is expected to drive the growth of the Cold Drawn Bar market in the next 5 years?
Which are the key deployments types adopting Cold Drawn Bar market?