Steel Rebar Market Overview:
As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Steel Rebar Market” size was valued at US$ 219.08 Bn. in 2022 and the total Steel Rebar Market revenue is expected to grow at 5 % from 2023 to 2029, reaching nearly US$ 308.26 Bn.
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Steel Rebar Market Dynamics:
The growth in demand for steel rebar from the construction industry is largely responsible for the development of the global market for steel rebar. Growth in the construction sector is anticipated to remain a key market driver. Infrastructure development, particularly in developing economies like China, Brazil, and India as well as the diversification initiatives in the Middle Eastern countries, has a positive impact on the demand for steel rebar. Additionally, the sector is expanding as a result of economic expansion, increased urbanisation, and government initiatives like India's "Housing for All By 2022" programme.
Steel Rebar Market Segmentation:
by Type
1. Deformed
2. Mild
The segment classified as "Deformed" is predicted to experience the largest CAGR growth over the course of the prediction period. Deformed steel rebar ranks as the highest global steel rebar due to its higher flexibility and malleability compared to mild steel rebar and its deformed surface, which makes it easier for materials to link together and reduces slippage in concrete globe over the projected term.
by Bar Size Type
#3 Bar Size
#4 Bar Size
#5 Bar Size
#8 Bar Size
Other
by Coating Type
Plain Carbon Steel Rebar
Galvanized Steel Rebar
Epoxy Coated Steel Rebar
by Process Type
Basic Oxygen Steelmaking
Electric Arc Furnace
by End User
Infrastructure
Housing
Industrial
The Infrastructure category is anticipated to develop at the greatest CAGR based on End User throughout the projection period. In the forecast year, increased government investment on infrastructure is anticipated to promote segment growth by reviving economic growth after the crisis and pandemic. For instance, both the Quebec provincial government and the Canadian federal government committed to spending money on infrastructure for water filtration. The project will get a total USD 16.20 million contribution from the federal government and the province of Quebec.
The growing need for steel rebars in the construction of manufacturing facilities is another important aspect for the market. For instance, the Estonian business Skeleton Technologies, which develops energy storage technology, said in July 2022 that it will invest USD 225.5 million in the.
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Steel Rebar Market Scope and Methodology
The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report analyses an estimation of the market size of the Steel Rebar market along with current as well as future trends. The report provides an in-depth analysis of the key development, marketing strategies, supply side and demand side indicators and company profiles of the market owners, market leaders, potential players and new entrants. The bottom-up approach was used in the report to estimate the Steel Rebar Market. The primary and secondary data sources were used to collect data.
Steel Rebar Market Key Players:
1. Steel Dynamics, Inc.
2. DAIDO STEEL Co. Ltd.
3. Acerinox S.A.
4. CMC
5. Gerdau S/A
6. HBIS GROUP
7. POSCO
8. SAIL
9. SHAGANG GROUP Inc.
10. JSW
11. Tata Steel
12. NLMK
13. NIPPON STEEL CORPORATION
14. Nucor
15. ArcelorMittal
16. Essar Steel
17. Mechel PAO
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Steel Rebar Market Regional Insights:
The Steel Rebar market demonstrates extensive segmentation across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive evaluation of various aspects, encompassing factors, market dimensions, growth pace, and regional import-export dynamics. This analysis delves into both local and country levels within each region.
Key questions answered in the Steel Rebar Market are:
- What is Steel Rebar?
- What was the Steel Rebar market size in 2022?
- What are the different segments of the Steel Rebar Market?
- What growth strategies are the players considering to increase their presence in Steel Rebar?
- What are the upcoming industry applications and trends for the Steel Rebar Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Steel Rebar Market?
- Who are the key players in the Steel Rebar market?
- What segments are covered in the Steel Rebar Market?
- Who are the leading companies and what are their portfolios in Steel Rebar Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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