TMT Bars Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

TMT Bars Market Size
The global TMT Bars market was valued at US$ 11300 million in 2022 and is anticipated to reach US$ 20620 million by 2029, witnessing a CAGR of 8.7% during the forecast period 2023-2029.

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TMT Bars Market
TMT steel bars or Thermo-Mechanically Treated steel bars are high-strength reinforcement bars having a tough outer core and a soft inner core. The manufacturing process involves passing the steel wires through a rolling mill stand and passed through the Tempcore water cooling system. This delivers greater tensile strength to the TMT bars. The most important features of TMT steel bar include higher elongation. This improves the bend/re-bend properties or the TMT steel bars, thus making it safe from natural calamities such as an earthquake.These TMT steel bars are generally used material in construction for enhanced protection against earthquake and another type of natural dis
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for TMT Bars is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for TMT Bars is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of TMT Bars include TATA Steel, JSW Steel, Jindal Steel, Shyam Steel, Ambe Group, Moira Sariya, SBF Group, Kamdhenu Group and German TMX, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

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Segment by Type
• Fe-415
• Fe-500
• Fe-550
• Fe-600
• Other Grades

Segment by Application
• Residential
• Commercial
• Industrial
• Infrastructure

By Company
TATA Steel, JSW Steel, Jindal Steel, Shyam Steel, Ambe Group, Moira Sariya, SBF Group, Kamdhenu Group, German TMX, Jai Raj Steel, ARS Steels & Alloy, Sentinel Steel, MTC Group, Jeppiaar, Vinayak, Kairali TMT

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This release was published on openPR.