The Steel Rebar Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Steel Rebar Global Market Report 2024, The steel rebar market size has grown strongly in recent years. It will grow from $245.46 billion in 2023 to $260.97 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to infrastructure development and construction projects, population growth and urbanization, government investments in construction, resilience and strength requirements in construction, global economic growth and industrialization.
The steel rebar market size is expected to see strong growth in the next few years. It will grow to $327.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to renewable energy infrastructure projects, smart cities and sustainable construction practices, increasing demand for high-strength rebar, global recovery from the covid-19 pandemic, expansion of transportation infrastructure. Major trends in the forecast period include innovations in sustainable steel production, technological advancements in steel manufacturing, adoption of green and sustainable practices, use of microalloying technology for enhanced performance, market expansion in developing economies, stringent quality standards and regulatory compliance.
Growing building and construction activities across the world are significantly contributing to the growth of the steel rebar market. Building and construction activities refer to the area of business and manufacturing that is concerned with building, preserving, and fixing infrastructure. Steel rebars are used in building and construction activities to strengthen and hold concrete structures in tension, so growing building and construction activities will propel the market growth. For instance, in 2022, according to a report published by the Bureau of Economic Analysis (BEA), a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased by 5.21% from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, growing building and construction activities across the world will drive the steel rebar market.
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The steel rebar market covered in this report is segmented –
1) By Product: Deformed, Mild
2) By Process: Basic Oxygen Steelmaking, Electric Arc Furnace
3) By Application: Residential Buildings, Public Infrastructure, Industrial
4) By End-Use Industry: Construction And Infrastructure, Manufacturing, Oil And Gas
Product innovation is the key trend gaining popularity in the steel rebar market. Major companies operating in the steel rebar market are focusing on producing new steel bars with better mechanical and metallurgical properties for them to be used in more applications. For instance, in March 2023, GPH Ispat Limited, a Bangladesh-based steel manufacturer launched GPH Quantum B600D-R steel rebar, the new high-grade steel rebar product. The new higher-grade steel rebar reduces construction costs. It would increase the floor area and boost the building's ability to carry heavy, ongoing loads.
The steel rebar market report table of contents includes:
1. Executive Summary
2. Steel Rebar Market Characteristics
3.Steel Rebar Market Trends And Strategies
4.Steel Rebar Market analysis
5.Steel Rebar Market Size And Growth
6. Steel Rebar Segmentation
7. Steel Rebar Regional And Country Analysis
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27.Steel Rebar Competitive Landscape And Company Profiles
28.Steel Rebar Key Mergers And Acquisitions
29.Steel Rebar Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- ArcelorMittal S.A.
- CELSA Steel UK Ltd.
- Commercial Metal Company
- Daido Steel Co. Ltd.
- Gerdau S.A.
- Hyundai Steel Co. Ltd.
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Global Steel Rebar Market OverviewThe research report on the Global Steel Rebar Market covers thoroughly analyzed insights into the Steel Rebar market with a special focus on ever-changing market dynamics, technological advancements, market growth, industry environment, and all the dominating factors of the industry.
The report also offers insights into how the market is expanding in domestic and international markets and contributing to the global economy.The report offers the latest impact of the COVID-19 crisis on the industry verticals.
COVID-19 began in 2019 and has since then affected every country of the world, with the WHO declaring it as a public health emergency.
The pandemic has brought dynamic changes in the industry as it has affected the supply chain, demands, trends, and overall market scenario.
The report offers an initial and future impact assessment of the pandemic on key segments of the industry and offers revenue information in the post-pandemic scenario.Avail a Sample to know more about the complete Report @ https://www.reportsanddata.com/sample-enquiry-form/128The report is an engaging document that provides vital statistical information about the market in terms of dales, revenue, market share, and market size with regards to product types, application spectrum, regional bifurcation, leading players, and technological advancements.A comprehensive analysis of the competitive landscape is offered in the report along with a study of the company profiles, product portfolio, manufacturing and production capacity, technological developments, R advancements, and strategic initiatives of the prominent players of the industry.
Prominent players operating in the industry and profiled in the report include ArcelorMittal,Hebei Iron and Steel,Baowu Group,Jiangsu Shagang, Sabic Hadeed, EVRAZ, Nucor, Riva Group, Emirates Steel, SteelAsia, Qatar Steel, Mechel, Jianlong Iron and Steel, Tata Steel, NLMK Group, Celsa SteelBy Type (Revenue, USD Million; Volume in Tons, 2017–2027)DeformedMildBy Application Type (Revenue, USD Million; Volume in Tons, 2017–2027)InfrastructureHousingIndustrialOthersThe report provides an explicit analysis of the market with regards to growth driving factors, restraining factors, regulatory framework, threats and opportunities, financial hurdles to offer a thorough outlook of the market.
