United States Mild Steel Rods Market was valued at USD 4.2 Billion in 2022 and is projected to reach USD 6.0 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The US Mild Steel Rods market is an essential part of various industries, meeting a variety of manufacturing needs with a wide range of applications. As industries continue to expand, the demand for high-quality mild steel rods has significantly grown, driven by their flexibility and strength in construction, automotive, and infrastructure sectors. These rods are primarily used in the production of reinforcement bars, steel structures, and in manufacturing industrial machines and equipment.
Mild steel rods, often known for their workability and cost-effectiveness, are vital in industries such as construction, machinery manufacturing, automotive, and oil and gas. Their versatility lies in their ability to be welded, cut, and shaped without compromising on strength. The construction industry, for example, accounts for a substantial share of the market, as these rods are extensively used in reinforcement for concrete structures.
The automotive sector, too, has seen an increase in the usage of mild steel rods for the production of parts like chassis, suspension components, and body frames. These industries prefer mild steel rods for their durability and ability to withstand significant amounts of pressure and tension. The oil and gas sector requires steel rods for pipelines and structural frameworks, providing long-lasting strength even under extreme conditions.
Demand for mild steel rods is also on the rise in the manufacturing sector, where they serve as key components in machinery and equipment that require reliability and performance. The ability to modify mild steel rods through processes such as galvanizing and coating further enhances their appeal in various applications.
Despite the growing competition from other materials like stainless steel and alloy rods, the US Mild Steel Rods market continues to thrive. Industries are consistently looking for ways to balance cost-efficiency with superior product quality, leading to innovative manufacturing techniques to meet these requirements.
With the increased need for resilient, cost-effective materials, the future of the US Mild Steel Rods market remains promising, and industries will continue to rely heavily on this versatile product for their daily operations.
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Metals4u
Metal Supplies
National Steel
Man Justeels
WEIDAT
Shah Alloys
Baoshan Iron & Steel Co.
Ltd.
Angang Steel Company Limited
HBIS Company Limited
Beijing Shougang Co.
Ltd.
China Baowu Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Mild Steel Rods Market
Hot Rolled Mild Steel Rods
Cold Rolled Mild Steel Rods
Small Diameter Mild Steel Rods
Medium Diameter Mild Steel Rods
Large Diameter Mild Steel Rods
Construction
Manufacturing
Automotive
Infrastructure
Building and Construction
Automotive Industry
Infrastructure Development
Heavy Machinery Manufacturing
Commercial Grade Mild Steel Rods
High-Strength Mild Steel Rods
Corrosion-Resistant Mild Steel Rods
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Mild Steel Rods Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Mild Steel Rods Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Mild Steel Rods Market, By Type
6. US Mild Steel Rods Market, By Application
7. US Mild Steel Rods Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Mild Steel Rods Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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