The Epoxy-Coated Rebar segment is expected to dominate the rebar steel market in the forecast period
Rising
Urbanization and Growing Demand for the Non-Residential Sector in the country
is expected to drive the market growth in the forecast period.
According
to TechSci Research report, “Turkey Rebar Steel Market – By Region, Competition, Forecast and Opportunity,
2018-2028F”, The Turkey Rebar Steel Market is expected to grow at an
impressive CAGR. Growth in the
construction sector is anticipated to remain a key market driver.
Infrastructure development, particularly in developing economies, has a
positive impact on the demand for steel rebar.
There
will be significant business prospects for both established and new market
participants as a result of increased innovation and development in the steel
rebar sector. Innovation in steel rebar is aided by technological development
and high-end applications. Fe-500, Fe-550, and Fe-500D are recent grades.
Modern steel rebar is used in applications that require resistance to
corrosion, epoxy coating, and earthquakes. Greater investment for public
transportation, increased urbanization, and expanding infrastructure are all
expected to boost industrial growth.
The
use of deformed steel rebar is increasing as a result of the demand for higher
strength versions in construction projects. Deformed bars can save money by
using less steel, which is another benefit. Deformed steel rebar is more
malleable and ductile, tougher, has a higher yield strength, and is more
resistant to corrosion and earthquakes than mild steel products. It is
affordable and has many applications in bridges, as well as in commercial and
residential buildings and industrial constructions.
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over XX market data Figures spread through XX Pages and an in-depth TOC on the "
Turkey
Rebar Steel Market."
Based
on Type, Deformed segment is the dominant segment in Turkey Rebar Steel Market
as During the projection period, the Deformed sector is anticipated to develop
at the greatest CAGR. Deformed steel rebar ranks as the highest global steel
rebar due to its higher flexibility and malleability compared to mild steel rebar
and its deformed surface, which makes it easier for materials to link together
and reduces slippage in concrete globe over the projected term.
Based
on Finishing Type, the market for rebar steel in Turkey is dominated by
epoxy-coated rebar. They are the most often used finishing type of rebar steel
because they operate as a barrier system to prevent moisture and chlorides from
eroding the surface of the reinforcing bar, which is a significant role in the
market expansion for rebar steel.
Based
on End Use, Commercial sector segment dominates the Turkey rebar steel Market.
The key driver for the increase in demand for steel rebar steel includes a rise
in development of industrial infrastructure. Steel rebar steel is used in
industrial areas as a raw material and is used to improve the tensile strength of
the concrete.
Key
market players in the Turkey Rebar Steel Market include:
- Erdemir
- Tosyali Holdings
- OYAK
- Isdemir
- Haddehane
- Colakoglu
- Icdas
- Borcelik
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Turkey
is a rapidly growing economy, and the construction industry is one of the key
drivers of economic growth. The government is investing heavily in
infrastructure projects, which is creating demand for rebar. Prefabricated
construction is becoming increasingly popular in Turkey, as it is a faster and
more cost-effective way to build. This is also creating demand for rebar, and the
automotive industry is another major consumer of rebar. Turkey is a major
automotive manufacturing hub, and the demand for rebar from this sector is
expected to grow in the coming years.
“Firstly,
rapid urbanization and infrastructure development were paramount, leading to
robust demand for construction materials, particularly rebar steel used in
reinforced concrete structures. The government's ambitious initiatives to
modernize transportation, energy, and real estate sectors further fueled this
demand. Additionally, foreign direct investments and trade agreements played a
pivotal role. Turkey's strategic geographic location as a bridge between Europe
and Asia attracted international investors seeking to capitalize on its
expanding economy. Moreover, the government's efforts to boost exports and
establish trade partnerships facilitated the growth of the rebar steel market,
as Turkish manufacturers gained access to broader markets. Furthermore,
financial incentives and regulatory policies implemented by the government
incentivized domestic production and consumption of rebar steel. Subsidies for
infrastructure projects, tax breaks, and streamlined permit processes
encouraged both local and foreign companies to invest in steel production
facilities within the country.” Mr. Karan Chechi, Research Director with
TechSci Research, a research-based Global management consulting firm.
“Turkey
Rebar Steel Market Segmented by Type (Deformed, Mild), By End Use (Residential,
Commercial, Industrial, Public), By Process (Basic Oxygen Steelmaking, Electric
Arc Furnace), By Finishing Type (Carbon Steel Rebar, Epoxy-Coated Rebar,
Others), By Region, Competition, Forecast and Opportunities, 2028” has evaluated the future growth
potential of Turkey Rebar Steel Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Turkey Rebar Steel Market.
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