TMT Steel Bar in Australia Market Size, Statistics, Growth Trend Analysis, and Forecast Report, 2022 - 2033

TMT Steel Bar Market in Australia is segmented By Diameter Range (6mm to 8mm, 8mm to 12mm, 12mm and above), By Application Type (Residential, Commercial, Infrastructure), By Grade Type (Fe-415, Fe-500, Fe-550, Fe-600, Others)

  • Report ID : MD3028
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  • Pages : 222
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  • Tables : 88
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  • Formats :

TMT Steel Bar in Australia shall reach a value of $X Million in 2033, growing with a CAGR of X% during the forecast period of 2023 to 2033.
Thermo-Mechanically Treated steel bars are a form of high-strength reinforcement steel commonly used in the building sector. They have various advantages over conventional steel bars, making them a preferred alternative for concrete structures such as buildings, bridges, and highways.
Australias TMT steel bar market is fueled by a potent mix of infrastructure spending, residential construction, and engineering projects. Government commitments to major infrastructure upgrades, like New South Wales Regional Housing Package and Victorias infrastructure plan, are laying the groundwork for sustained demand. Additionally, a expanding non-residential construction sector and steady growth in both commercial and industrial applications create further momentum. These factors, coupled with TMT bars superior strength and affordability compared to traditional options, paint a positive picture for continued expansion in the Australian TMT steel bar market.
Investments in Sydney Metro - Western Sydney Airport rail link to Western Sydney International Airport increases the demand for TMT steel bars.
The Australian and New South Wales governments are working together to fund and build the Sydney Metro - Western Sydney Airport rail link to Western Sydney International Airport, which will open in 2026. The entire project cost will be approximately $11 billion. The Australian Government has contributed $60 million to the Western Sydney North South Rail Link and the Sydney Metro - Western Sydney Airport joint business case and $5.19 billion will be invested in the Sydney Metro - Western Sydney Airport project. This includes $61 million for the Elizabeth Drive Overpass, a critical piece of road infrastructure that will allow metro rail access to the airport. The project comprises the construction of new railroad tracks and bridges thereby driving the demand for TMT steel bars in track sleepers, bridge supports, and other track infrastructure components.
Investment in Melbourne quarter project drives the market growth.
Melbourne Quarter consists of three next-generation commercial skyscrapers, two residential apartment towers, and a broad mix of retail. The precinct will have 152,000 sqm of commercial space, 5,000 sqm of retail space, and a total development value of $2.9 billion when completed. The precinct contains one of Melbournes largest offices building solar panels, which generates clean power for the precinct and contributes to 40% lower energy usage, 14% less gas use, and 28% less potable water use when compared to conventional structures. The precinct will comprise many high-rise structures for residential, office, and hotel purposes thereby driving the demand for TMT steel bars for reinforced concrete constructions in high-rise buildings because of their great strength, weldability, and resilience to earthquakes and wind loads.
Development of Munna Creek solar farm in Australia increases the demand for TMT steel bars.
Mytilineos Energy and Metals has inked a second Power Purchasing Agreement with Australias National Broadband Network Corporation (nbn) for a 120 MW project being developed north of Queenslands Sunshine Coast. The agreement will see the nbn take approximately 20% of the estimated output of Mytilineos Munna Creek solar plant, which is scheduled to begin operations in July 2025. The 10-year PPA is the nbns third renewable energy offtake agreement, following Mytilineos 75 MW West Wyalong solar farm in New South Wales Riverina and AGLs 420 MW Macarthur Wind Farm in south west Victoria, both announced earlier this year. Munna Creek solar farm will be 467 hectares in size when completed, with around 255,000 solar panels. TMT steel bars are an essential component of ground mounting systems that support solar panels in large-scale solar farms. These constructions must be robust and durable in order to survive extreme weather conditions and wind loads thereby driving the market growth of TMT steel bars.
Government initiatives: Initiatives like "The Big Housing Build
In the latter part of 2020, the Victorian Government unveiled the Big Housing Build (BHB) initiative, a substantial funding program amounting to $5.3 billion. A quarter of this funding has been earmarked for regional Victoria. Specifically, the State has pledged a Minimum Investment Guarantee of $45 million for Greater Shepparton under the BHB initiative. Australias "Big Housing Build" and similar programs fuel residential construction, injecting capital into the sector and creating a ripple effect that increases demand for critical building materials like TMT steel bars, which are essential for reinforcing the structures of new homes.

Years considered for this report
• Historical Years: 2021 - 2022
• Base Year: 2022
• Forecast Period: 2023-2032

TMT Steel Bar Market in Australia Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/ projections/ forecast for revenue and unit sales (2022 - 2033)
• Data breakdown for application Industries (2022 - 2033)
• Integration and collaboration analysis of companies
• Capacity analysis with application sector breakdown
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategies adopted by emerging companies
TMT Steel Bar Market in Australia Market Segments
By Diameter Range (Revenue, USD Million, 2022 - 2033)
• 6mm to 8mm.
• 8mm to 12mm.
• 12mm and above
By Application Type (Revenue, USD Million, 2022 - 2033)
• Residential.
• Commercial.
• Infrastructure.
By Grade Type (Revenue, USD Million, 2022 - 2033)
• Fe-415.
• Fe-500.
• Fe-550.
• Fe-600.
• Others.
TMT Steel Bar Market in Australia Companies
• LIBERTY Steel Australia
• Total Steel of Australia
• Australian Steel
• Makreo
• Neumann Steel Pty Ltd
• Central Trading International Pty Ltd.


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