Steel Rebar Market 2022-2027 Size, Share, Growth, Analysis, Trends and Forecast
According to IMARC Group’s latest report, titled “Steel Rebar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global steel rebar market size reached US$ 217.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 314.2 Billion by 2027, exhibiting a growth rate (CAGR) of 6.3% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Steel rebar, also known as reinforcement steel, represents a steel wire mesh or bar used as a tension device to support and reinforce concrete and other masonry structures. It is generally manufactured by using welded wire fabric, sheet metal, carbon steel, epoxy, stainless steel, galvanized and glass-fiber reinforced polymers, iron, manganese, carbon, sulfur, phosphorus, etc. Some of the commonly utilized steel rebars include square-twisted, ribbed, round, stretched, ribbed-twisted, etc. They are extensively used as a reinforcement to provide support to the structural designs, minimize cracking and temperature-induced stress, support other steel bars for equal distribution of the overall load, etc. Steel rebars offer numerous benefits, such as high tensile strength, durability, thermal resistance, malleability, etc.
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Market Trends
The expanding construction industry across countries and extensive infrastructural development are primarily driving the steel rebar market. Additionally, the inflating need for deformed steel reinforcing that can be used as a prestressed reinforcing bar in construction activities for minimal slippage and improved bonding with the cement beams and columns is further catalyzing the market growth. Besides this, the widespread adoption of steel rebar in the construction of modern roads, highways, bridges, skyscrapers, sewage tunnels, airports, stadiums, etc., is acting as another significant growth-inducing factor. Moreover, the introduction of thermo-mechanical technology that aids in improving the quality of rebars is positively influencing the global market. Apart from this, it enables leading manufacturers to create variants with superior ductility, tensile strength, and corrosion resistance, which is augmenting the market growth. Furthermore, the rising levels of industrialization are primarily driving the steel rebar market over the forecasted period.
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List of Key Companies Covered in this Market Report:
ArcelorMittal (Mittal Steel Company)
CELSA Steel UK
Commercial Metal Company
Daido Steel Co. Ltd
Gerdau SA
Hyundai Steel
Nippon Steel Corporation
Nucor Corporation
Steel Authority of India
Jiangsu Shagang Group Company Limited
Steel Dynamics Inc.
Tata Steel Limited
The report has segmented the market on the basis of product type, process, finishing type, end use and geography.
Breakup by Product Type:
Deformed
Mild
Breakup by Process:
Basic Oxygen Steelmaking
Electric Arc Furnace
Breakup by Finishing Type:
Epoxy
Coated
Black
Breakup by End Use:
Residential
Commercial
Industrial
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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