According to a market report by Lucintel, the future of the global cold drawn round bar market looks promising with opportunities in the architecture, automotive, and aerospace markets. The global cold drawn round bar market is expected to grow with a CAGR of 5.8% from 2025 to 2031. The major drivers for this market are the increasing demand for high-strength material, the rising demand for customized & high-performance, and the growing adoption in the energy sector.
A more
than 150-page report to understand trends, opportunity and forecast in global cold
drawn round bar market to 2031 by type (small diameter round bars and large
diameter round bars), application (architecture, automotive, aerospace, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
Lucintel
forecasts that, within the type category, small diameter round bar is expected
to witness higher growth over the forecast period.
Within the
application category, automotive is expected to witness the highest growth.
Download
sample by clicking on cold drawn
round bar market.
In terms
of region, North America is expected to witness the highest growth over the
forecast period due to the growing automotive manufacturing & machinery
production.
Nippon
Steel Corporation, Tata Steel, ArcelorMittal, TimkenSteel Corporation,
Voestalpine High Performance Metals, JFE Steel Corporation, Sandvik Materials
Technology, Baosteel Group, Outokumpu, Ovako Group are the major suppliers in
the cold drawn round bar market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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