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.
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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.
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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)
- 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
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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
1 Introduction
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 GLOBAL STEEL REBAR MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton (2019–2027)
7 GLOBAL STEEL REBAR MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019–2027)
8 GLOBAL STEEL REBAR MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019–2027)
9 Competitive Landscape
10 Company Profiles
11 Appendix
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