Global Steel Rebar Market, By Process (Basic Oxygen Steelmaking and Electric Arc Furnace), Type (Deformed and Mild), Application (Infrastructure, Housing, Industrial and Others), Finishing Type (Epoxy, Coated and Black), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Steel Rebar Market : Global Steel Rebar Market
The steel rebar market value is expected to undergo great gains. The growth in its market value can be attributed to the rise in demand of its application especially by the construction and manufacturing industries. Data Bridge Market Research analyses that the steel rebar market will witness a CAGR of 4.75% for the forecast period of 2021-2028.
Steel rebar is a steel bar or mesh of steel wires that are used to provide tensile strength to the concrete. Steel rebar is used in the construction of roads, bridges, dams, houses because of its physical properties. It provides a strong foundation for the structure being built or constructed and strengthens and aids the concrete under tension. Concrete can carry heavy loads for compression but it has a weak tensile strength. This is where steel rebar assumes its role. Steel rebar is a cost-effective product but has its drawbacks too. The steel rebar manufacturing process releases a huge level of wastes that are discharged into the water bodies without treatment, thus leading to water pollution. The manufacturing process also emits co2 that acts as a catalyst to the greenhouse effect.
Rapid urbanization, modernization, industrialization, and the rising construction industry have fuelled up the demand for steel rebar especially in developing countries. Growing standards of living coupled with the rising population are some other steel rebar market growth determinants. Smart city projects being executed in developing countries have bolstered the steel rebar market growth rate. Increased research and development activities coupled with rising investment in the manufacturing process have created lucrative steel rebar market growth opportunities.
High manufacturing cost of steel rebar is a major challenge opposing the growth of the market. Fluctuations or volatility in the prices of raw materials and finished goods will further dampen the market growth rate. Adverse effects on the environment of steel rebar manufacturing process will further impact the goodwill of the product. Availability of substitutes will prove to be hindrance in the way of growth. Depletion of iron ore reserves globally will also slowdown the rate of steel rebar market growth.
This steel rebar market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on steel rebar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Steel Rebar Market Scope and Market Size
The steel rebar market is segmented on the basis of process, type, application and finishing type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of process, the steel rebar market is segmented into basic oxygen steelmaking and electric arc furnace.
- On the basis of type, the steel rebar market is segmented into deformed and mild.
- On the basis of application, the steel rebar market is segmented into Infrastructure, Housing, Industrial and Others
- On the basis of finishing type, the steel rebar market is segmented into epoxy, coated and black.
Global Steel Rebar Market Country Level Analysis
The steel rebar market is analysed and market size, volume information is provided by country, process, type, application and finishing type as referenced above.
The countries covered in the steel rebar market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is set to lion the market in terms of highest compound annual growth rate during the forecast period. This is because of increased focus and execution on modernization, urbanization, infrastructural development and increased operations by the construction industry. Supportive government initiatives and policies on the construction of mega projects and smart cities especially in the developing countries such as India, China, Indonesia and Taiwan will further induce the demand for steel rebar.
The country section of the thin film coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Steel Rebar Market Share Analysis
The steel rebar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to steel rebar market.
The major players covered in the steel rebar market report are ArcelorMittal, Gerdau S/A, NIPPON STEEL CORPORATION., POSCO YAMATO VINA, SAIL, Tata Steel, Essar., P?? «Mechel», EVRAZ plc, Sohar Steel Group, KOBE STEEL, LTD., SHAGANG GROUP Inc., NJR Steel, CMC., Conco., Jindal Steel & Power Limited. Steel Dynamics, Inc., SteelAsia.com., Outokumpu and Acerinox S.A. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.