TMT Steel Bar in Italy 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.
The infrastructure investment plans to modernize the railway lines, further developments in cities metro lines and port constructions to improve the connectivity are the major factors driving the growth of the TMT steel bars in Italy.
Investments to modernize the Palermo-Catania railway line increases the demand for TMT steel bars.
Modernizing 178 km of the Palermo-Catania line will shorten travel times by a third, connecting the two cities with a direct two-hour rail service. This will significantly benefit economic, social, and sustainable growth in Sicily. €3.4 billion is invested to modernize and upgrade 178 kilometers of the Palermo-Catania railroad route. The building of multiple tunnels and bridges, as well as the installation of additional railway lines, switches, and signaling systems, requires reinforced concrete foundations and support structures thereby driving the demand for TMT steel bars.
Investment in Milan’s new metro line drives the market growth.
The M4 or "Blue Line" is Milans new metro line, an engineering project critical to the development of the Lombard capital and its standing in Europe. Milans M4 will connect the city from east to west, going through the old center and ending at Linate Airport. The Milan M4 line, which connects its two endpoints, Linate and San Cristoforo, is 15 kilometers long and has 21 stations. The trip between these two stations will only take 30 minutes. The M4 line is primarily subterranean, necessitating the construction of numerous kilometers of tunnels thereby driving the demand for TMT steel bars for strengthening the concrete lining of these tunnels, providing structural integrity and stability.
Renovation of port of Genoa breakwater increases the demand for TMT steel bars.
The project will double the ports capacity to allow for larger, more contemporary shipping containers, as well as build new infrastructure around the port to encourage investment in the local city. This is part of a partnership between Webuild, FINCOSIT, Fincantieri Infrastructure Opere Marittime, and Sidra. The Italian governments National Plan for Recovery and Resilience has co-financed the initiative. The projects focus is on sustainability. The recovery, reuse, and transformation of excavated material is an important feature that contributes to the entire 7 million tons of rock required for the breakwaters foundation. In a further boost to the projects credentials, more reinforced concrete will be utilized in construction than in the feasibility study, replacing more carbon-intensive components. Breakwaters are subjected to hostile marine environments, including powerful waves and currents. To sustain these stresses, the restored breakwater will most certainly require extensive reinforcement thereby driving the demand for TMT steel bars in breakwater concrete construction.
Recent Strategic Developments
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Years considered for this report
• Historical Years: 2021 - 2022
• Base Year: 2022
• Forecast Period: 2023-2032
TMT Steel Bar Market in Italy 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 Italy 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 Italy Companies
• Arvedi Group
• Lucchini SpA
• Sidermar Group
• Acciaierie Valbruna
• F.lli Rejna SpA
• Marcegaglia SpA
• Thyssenkrupp
• Celsa Group
• Vallourec
