TMT Steel Bar in France 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 robust infrastructure development in road, rail and renewable energy projects with urbanization trend associated with residential and commercial construction and the supportive government initiatives by the French government are some of the major factors driving the growth of TMT steel bar market in France.
Investments in Grand Paris Express project in France significantly increases the demand for TMT bars.
The project includes expanding Line 14 and building four new automatic lines. The new metro development is costing an estimated €36.1 billion, with the French government financing 30% through SGP and the remaining 70% through targeted taxes, subsidies, and loans. The project is designed to transform Parisian travel by providing rapid and convenient access to local attractions and amenities. It is anticipated to cut carbon dioxide emissions by 14.2 million tons by 2050. TMT bars, noted for their high strength and ductility, are the chosen reinforcement material in such complicated and demanding structures. Their ability to withstand corrosion and thermal stresses is critical to the long-term viability of these key infrastructure projects thereby driving the demand for TMT steel bars.
Investment in Ciments Calcia cement factory renovation project in Airvault, France drives the market growth.
In October, 2022, the first stone of the Ciments Calcia cement factory renovation project in Airvault, France, was formally laid. The Airvault 2025 project will replace two semi-dry kiln lines with a new 4000tpd dry-process line with precalciner, as well as modernize the cement manufacturing workshop, for a total expenditure of EUR285 million. When the project is completed, 80 percent of the plant will have been totally replaced. These modifications frequently necessitate considerable amounts of steel for structural support and reinforcement thereby driving the demand for TMT steel bars.
Construction of Montpellier Tramway Line 5 project in France increases the demand for TMT steel bars.
Montpellier Tramway Line 5 is the fifth line of the tram network in Montpellier, France. Montpellier Mediterranee Metropole (MMM), a government organization, is developing the 16-kilometer route for a total investment of €440 million. MMM has commissioned Transports de lagglomeration de Montpellier, a public transportation company, to develop the project. Montpellier Tramway Line 5 expansion is part of MMMs mobility plan, which aims to improve the citys entire transportation system while lowering mobility-related carbon emissions by expanding the tram and bus network. Tramways frequently travel through complex metropolitan areas, necessitating the construction of tunnels, bridges, and elevated sections. These unique structures necessitate high-quality TMT bars with precise mechanical qualities to handle enormous loads and dynamic stresses thereby driving the demand for TMT steel bars.
Recent Strategic Developments
Years considered for this report
- Historical Years: 2021 - 2022
- Base Year: 2022
- Forecast Period: 2023-2032
TMT Steel Bar Market in France 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 France 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)
By Grade Type (Revenue, USD Million, 2022 - 2033)
- Fe-415.
- Fe-500.
- Fe-550.
- Fe-600.
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TMT Steel Bar Market in France Companies
- ArcelorMittal
- Liberty Ascoval
- Aperam Stainless
- Lombard-Mougenot
- Celsa
- Valloure
