The global SBQ (Special Bar Quality) Steel market was valued at US$ 21760 million in 2020 and it is expected to reach US$ 28140 million by the end of 2027, growing at a CAGR of 3.2% during 2021-2027.
Special bar quality (SBQ) steel is the steel which is used for a class of long products engineered for very tough application. The higher the load of application, the more special is the SBQ steel. The term ‘special bar quality’ is a term predominantly being used in North American steel industry. In Europe, SBQ steels are normally known as ‘engineering steels’. Both of these terms refer to steel types as well as to bar products, and as they are frequently with associated with the steel grades and they refer to billet and slab as well as bar. The SBQ steel term is used to describe steel long products having properties for more demanding processing or end-use applications which cannot be met by merchant bar quality (MBQ) steel grades. SBQ steels represent a wide variety of higher quality plain carbon and alloy steel bars, which are developed for challenging and high stress applications. These steels stand out different and tall among a diversity of grades which are in use in various demanding processes. SBQ steels, which are being offered today by the manufacturers, are in the form of stainless steel bar, steel round bar, tubes and other products of high demand and of relevance in the manufacturing sector. These steels are mostly used for application in hot and cold forging, machining, and cold drawing industries for the production of automotive parts, bearings, gears, hand tools, electric motor shafts, valves, and other vital products which are to be resistant to the metal fatigue through prolonged and continuous use as moving parts in machineries / automobiles. The specification of SBQ steels can range from plain carbon and carbon-manganese steels to alloy and stainless steels containing different percentages of aluminum, nickel, chromium and other alloying elements. The chemistry of these steels is more complex than MBQ steels. These steels can have several grades. SBQ steels can have products of shapes which can be classified into round, flat, square, and hexagonal bars. The products can be in the form of hot rolled steel bars, or cold finished steel bars.
The key players of SBQ (Special Bar Quality) Steel include CITIC, Nucor Corporation, ICH, etc. The top three players of SBQ (Special Bar Quality) Steel account for approximately 55% of the total market. Asia-Pacific is the largest market of SBQ (Special Bar Quality) Steel accounting for about 54% followed by North America and Europe. In terms of Type, Rounds is the largest segment, with a share about 63%. And in terms of Application, the largest application is Automotive Industry, followed by Transportation Industry.
Global SBQ (Special Bar Quality) Steel Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global SBQ (Special Bar Quality) Steel Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Citic, ICH, TimkenSteel, Max Aicher, Weifang Special Steel Iron and Steel Co.,Ltd, Gerdau SA, JSW Steel, Charter Steel, SeAH Besteel, Steel Dynamics Inc, Metalloinvest, Valin Group, Tata Steel, Sidenor, Alton Steel and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
Segment by Application
Table of Content:
1 SBQ (Special Bar Quality) Steel Market Overview
2 SBQ (Special Bar Quality) Steel Market Competition by Manufacturers
3 SBQ (Special Bar Quality) Steel Retrospective Market Scenario by Region
4 Global SBQ (Special Bar Quality) Steel Historic Market Analysis by Type
5 Global SBQ (Special Bar Quality) Steel Historic Market Analysis by Application
6 Key Companies Profiled
7 SBQ (Special Bar Quality) Steel Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 SBQ (Special Bar Quality) Steel Market Dynamics
10 Global SBQ (Special Bar Quality) Steel Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.