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.

5 min readOct 20, 2020


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.

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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.

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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)
  • 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

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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

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Table of Content

  2. Research Objectives
  3. Market Definition
  4. Research Scope
  5. Regional Coverage
  6. Research Timeline
  7. Assumptions
  8. Limitations
  10. Introduction
  11. Primary Research
  12. Key Industry Expert Insight
  13. Secondary Research
  14. Vital Data from Secondary Sources
  15. Market Size Estimation
  16. Data Validation & Triangulation
  19. Introduction
  20. Drivers
  21. Growing Construction Activities
  22. Increasing Steel Demand from various Application
  23. Restraint
  24. Volatility of Raw Material Price
  25. Opportunities
  26. Higher Demand for Green Buildings
  27. Challenges
  28. Susceptible to Corrosion and Fire
  30. Introduction
  31. Power of Buyers
  32. Power of Suppliers
  33. Intensity of Competition
  34. Challenges of Substitutes
  35. Challenges of New Entrants
  36. Macro-Economic Indicators
  37. GLOBAL STEEL REBAR MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton (2019–2027)
  38. Introduction
  39. Plain Reinforced
  40. Deformed Reinforced
  41. GLOBAL STEEL REBAR MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019–2027)
  42. Introduction
  43. Residential
  44. Commercial
  45. Public Infrastructure
  46. Others
  47. GLOBAL STEEL REBAR MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019–2027)
  48. North America
  49. US
  50. Canada
  51. Mexico
  52. Europe
  53. Germany
  54. UK
  55. France
  56. Italy
  57. Spain
  58. Russia
  59. Rest of Europe
  60. Asia-Pacific
  61. China
  62. India
  63. Japan
  64. South Korea
  65. Indonesia
  66. Malaysia
  67. Rest of Asia-Pacific
  68. Middle East and Africa
  69. Saudi Arabia
  70. UAE
  71. Israel
  72. South Africa
  73. Rest of Middle East and Africa
  74. South America
  75. Brazil
  76. Argentina
  77. Peru
  78. Chile
  79. Rest of South America
  81. Introduction
  82. Market Ranking/Share Analysis of Key Companies
  83. Company Benchmarking
  85. ArcelorMittal
  86. Company Overview
  87. Financial Overview
  88. Products/Solutions/Services Offered
  89. Key Developments
  90. SWOT Analysis
  91. POSCO
  94. Gerdau S/A
  95. China Ansteel Group Corporation Limited
  96. Jiangsu Shagang Group
  97. Tata Steel
  98. Nucor Corporation
  99. Contractors Materials Company
  100. Mechel
  101. Outokumpu
  102. Daido Steel Co., Ltd.
  103. Acerinox S.A.
  104. JSW
  105. Hyundai Steel
  106. Other Key Companies
  108. Key Industry Expert Insights
  109. Primary Discussion Guide
  110. Customization Options

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