Covid Impact Steel Rebar Market is expected to register a CAGR of 4.2%, reaching a value of around USD 229 billion by the end of 2027.
STEEL REBAR MARKET: Summary
The Global Steel Rebar Market is expected to register a CAGR of 4.2%, reaching a value of around USD 229 billion by the end of 2027.
Steel rebar also popularly known as steel reinforcement bar, reinforcing bar/ steel or reinforcement steel. It is a superior and versatile composite construction material in all concrete and masonry structure, which is used as tensioning device for reinforcing the cement and holding other essential construction material at respective place in the compressed state. Rebar is formed when steel is melted through exposure to an extreme amount of heat. After this, the melted steel is allowed to pass through a small circular opening to obtaining an elongated shape of rebar. It is used in construction activities to impart additional strength. Rebar has gained huge popularity in the construction sector for the manufacturing of reinforced concrete.
Get Sample Copy of This Report @ https://www.forencisresearch.com/steel-rebar-market-request-methodology/
STEEL REBAR MARKET: Drivers & OPPORtunity
Market Driver:
- Growing Construction Activities
Construction is the key application area for the steel rebar market, as steel acts as the prime construction material to cater to the versatile need of the infrastructure. Steel rebar is used in the construction of all infrastructure for imparting higher strength to the concrete. The construction is growing against the backdrop of the rising demand for new infrastructure dedicated to residential and commercial building. With the awake of COVID-19 pandemic, the construction activities have slowdown as the government has imposed strict lockdown to prevent the spread of the virus. A temporary shift towards reducing investment in the new residential construction has halted newer pipelined projects.
- Increasing Steel Demand
Steel has become one of the prevalent construction materials used along with the concrete for constructing durable and impressive buildings. It has cost-effective material with superior flexibility and versatility. Growing application of steel across construction, automotive, electrical appliances, transport is driving the steel demand. The current COVID crisis has affected the steel demand, as the construction, automotive production and mechanical machinery is heavily exposed to the overall demand and supply chain disruption. Nevertheless, the release of lockdown from the China and economies countries.
Market Opportunity:
- Higher Demand for Green Buildings
Steel reinforcing bars or rebar is the eco-friendly construction material, which can be recycled. The Concrete Reinforcing Steel Institute stated that over 7 million tons of scrap steel are recycled into reinforcing bars annually, which helps in reducing the massive energy expenditure. Green Building contributes to eliminating the overall negative impacts on the environment. Rising concerns regarding reducing the environmental impact related to construction activities drive the demand towards constructing green buildings. Also, decreased operating costs and short payback periods promote the preference towards green buildings. Thus, rising construction of the green buildings is projected to act as a promising opportunity for the steel reinforcement bars market.
Request for Methodology of This Report @
https://www.forencisresearch.com/steel-rebar-market-sample-pdf/
STEEL REBAR market: Key segments
- Segmentation based on type: Plain Reinforced and Deformed Reinforced
- Segmentation based on application: Residential, Commercial, Public Infrastructure and Others
- Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
KEY Companies Covered
- ArcelorMittal (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- POSCO
- NIPPON STEEL CORPORATION
- HBIS GROUP
- Gerdau S/A
- China Ansteel Group Corporation Limited
- Jiangsu Shagang Group
- Tata Steel
- Nucor Corporation
- Contractors Materials Company
- Mechel
- Outokumpu
- Daido Steel Co., Ltd.
- Acerinox S.A.
- JSW
- Hyundai Steel
- Other Key Companies
Consult with Analyst @
https://www.forencisresearch.com/steel-rebar-market-consult-with-an-analyst/
STEEL REBAR MARKET: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Steel Rebar Market, by Type
- Plain Reinforced
- Deformed Reinforced
Steel Rebar Market, by Application
- Residential
- Commercial
- Public Infrastructure
- Others
Steel Rebar Market, by Region
- North America
- US
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Rest of Asia-Pacific
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Belgium
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Peru
- Chile
- Rest of South America
Customize this Industry Analysis @
https://www.forencisresearch.com/steel-rebar-market-custome-research/
Table of Content
- INTRODUCTION
- Research Objectives
- Market Definition
- Research Scope
- Regional Coverage
- Research Timeline
- Assumptions
- Limitations
- RESEARCH DESIGN & SCOPE
- Introduction
- Primary Research
- Key Industry Expert Insight
- Secondary Research
- Vital Data from Secondary Sources
- Market Size Estimation
- Data Validation & Triangulation
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- Introduction
- Drivers
- Growing Construction Activities
- Increasing Steel Demand from various Application
- Restraint
- Volatility of Raw Material Price
- Opportunities
- Higher Demand for Green Buildings
- Challenges
- Susceptible to Corrosion and Fire
- INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
- Introduction
- Power of Buyers
- Power of Suppliers
- Intensity of Competition
- Challenges of Substitutes
- Challenges of New Entrants
- Macro-Economic Indicators
- GLOBAL STEEL REBAR MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton (2019–2027)
- Introduction
- Plain Reinforced
- Deformed Reinforced
- GLOBAL STEEL REBAR MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019–2027)
- Introduction
- Residential
- Commercial
- Public Infrastructure
- Others
- GLOBAL STEEL REBAR MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019–2027)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Peru
- Chile
- Rest of South America
- COMPETITIVE LANDSCAPE
- Introduction
- Market Ranking/Share Analysis of Key Companies
- Company Benchmarking
- COMPANY PROFILES
- ArcelorMittal
- Company Overview
- Financial Overview
- Products/Solutions/Services Offered
- Key Developments
- SWOT Analysis
- POSCO
- NIPPON STEEL CORPORATION
- HBIS GROUP
- Gerdau S/A
- China Ansteel Group Corporation Limited
- Jiangsu Shagang Group
- Tata Steel
- Nucor Corporation
- Contractors Materials Company
- Mechel
- Outokumpu
- Daido Steel Co., Ltd.
- Acerinox S.A.
- JSW
- Hyundai Steel
- Other Key Companies
- APPENDIX
- Key Industry Expert Insights
- Primary Discussion Guide
- Customization Options
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Contact Us
FORENCIS RESEARCH
Phone: +1 (720) 306 9020
Email: sales@forencisresearch.com
For more market research insights, please visit https://www.forencisresearch.com
