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Global Steel Rebar Market by Product (Deformed and Mild), By Process (Basic Oxygen Steelmaking, and Electric Arc Furnace), By Finishing Type( Black rebar, Epoxy coated rebar and Fabricated rebar),By End-User Industry(Construction and Infrastructure, Manufacturing, Oil & Gas Industry and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
Global Steel Rebar Market Overview:
Steel Rebar refers to steel for reinforced concrete and prestressed reinforced concrete. Its cross-section is round, sometimes square with rounded corners, including light round bars, ribbed bars, and twisted bars. Rebar for reinforced concrete refers to straight or wire rod steel for reinforced concrete reinforcement. Its shape is divided into two types: light round bar and deformed bar. Steel rebar’s delivery status is two kinds, such as a straight bar and a round bar. Steel Rebar widely used in various building structures. Especially large, heavy, light thin-walled, and high-rise building structures. Reinforcement mainly subjected to tensile stress in concrete. Deformed steel bars have a greater bonding capacity with concrete due to the action of ribs, so they can better withstand the effects of external forces.
Global Steel Rebar Market Insights
Global Steel Rebar Market estimated to witness a significant rate during the forecast period, 2020-2027. The growth of the construction and infrastructure sector worldwide are vital factors expected to propel the global steel rebar market in the future time. Additionally, the increasing population and rapid urbanization, coupled with the growing use of higher rebar products for construction work, will contribute to the growth of the global steel rebar industry in the projected periods. Moreover, rapid infrastructure development, especially in housing, commercial, and industrial infrastructure, in emerging economies such as BRICS countries, will expand the growth of global steel rebar market size in the upcoming periods.
Furthermore, massive demand for steel rebar in for public facilities such as roads, railways, bridges, dams, and the housing construction market projected to trigger the steel rebar industry size in the expected time. Steel rebar is mainly used in the construction industry, construction projects are generally fragmented, and construction companies have advancement requirements and low requirements for sub-categories. Additionally, the advantages and features of steel rebar, such as durability, high yield strength, thermal resistance, and malleability characteristics will influence the global steel rebar market share in the upcoming timespan. According to the World Economic Forum, around 200,000 people migrating to urban areas daily are dependent on the provision of affordable housing and infrastructure provided by the Infrastructure and Urban Development industry. Further, the World Economic Forum stated that the construction industry accounts for about 6% of global GDP and is growing. In parts of the developing world, such as India, it can account for more than 8% of GDP.
Growth Driver
The growth of the construction industry across the world
With the continuous deepening of the world’s urbanization and the gradual improvement of the construction industry standards, higher requirements for building safety have put forward, and the functional requirements for steel bars have become higher and higher. According to the World Economic Forum, the population of the world’s urban areas is increasing by 200,000 people per day, all of whom need affordable housing as well as social, transportation, and utility infrastructure. According to the World Economic Forum, The world’s urban population is expected to exceed 6 billion by 2045, with about a quarter of that population living in slums.
Product Segmental Analysis
Based on the product, the global Steel Rebar market bifurcated into Deformed and Mild. The Deformed segment expected to register a higher CAGR by 2027, owing to the growing demand for deformed rebar in reinforced concrete slabs, cages, columns, prefabricated beams, and precast products. It helps in increasing the bond between materials and minimizes slippage in concrete.
The Mild segment will drive as of its surge in the applications of column spirals, dowels at expansion joints, contraction joints in runway & roads, etc. Mild steel rebar is easy to cut and bend without damage.
Process Segmental Analysis
Based on Process, the global Steel Rebar market bifurcated into Basic Oxygen Steelmaking, and Electric Arc Furnace. The Electric Arc Furnace segment likely to dominate the market by 2027 due to its advantages, including less wastage and results in significant savings of energy & resources, and it is highly dependent on recyclable materials such as scrap metals, which create low wastages and pollution.
The Basic Oxygen Steelmaking segment help to minimize smelting time and reduce the cost of capital, thus expected to grow significantly.
Finishing Type Segmental Analysis
Based on finishing type, the global steel rebar market classified into Black rebar, Epoxy coated rebar, and Fabricated rebar. The Black rebar segment accounted for major share in the market in 2019, on account of benefits of black rebar for minimizing exposure to moisture, with minimum chances of catching rust or corrosion.
The Epoxy coated rebar segment will grow by its applications for marine applications where there is a high chance of corrosion due to water.
End-User Industry Segmental Analysis
Based on the end-user industry, the global steel rebar market categorized into the Construction and Infrastructure, Manufacturing, Oil & Gas Industry, and Others. Construction and Infrastructure segment expected to gain maximum revenue by 2027 owing to the rapid pace of urbanization and rising industrial activities in emerging economies such as China and India led to the rise in number of high-rise buildings for commercial purposes. Additionally, government funding for houses in developing counties will influence the construction and infrastructure industry.
The industrial segment will drive by its application for making flowlines, structural components, heat exchangers, umbilicals, and processing equipment.
Region Segmental Analysis
Based on geography, the global steel rebar market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific estimated to occupy the lion’s market share by 2027, owing to the growing demand for steel rebar consumption in the construction industry coupled with rapid industrial and infrastructural development in developing countries such as Japan, China, South Korea, and India.
Europe will drive by the various European governments’ supports the construction industry in terms of financial support that will trigger the growth steel rebar industry in these regions.
Competitor Analysis
Companies such as ArcelorMittal, Gerdau SA, Nucor Corporation, Nippon Steel & Sumitomo Metal Corporation, SAIL, TATA Steels, Commercial Metal Company, Steel Dynamics, HBIS GROUP, Mechel Pao, Outokumpu Oyj, Acerinox s.a., Daido Steel, Shagang Group, Ansteel Group Corporation Limited, JFE Steel Corporation, Bluescope Steel Limite, Celsa Steel Uk, and Hyundai Steel are the key players in the Global Steel Rebar Market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global Steel Rebar manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to Steel Rebar
- Regulatory bodies
- Suppliers
- Retailers
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Product
- Deformed
- Mild
By Process
- Basic Oxygen Steelmaking
- Electric Arc Furnace
By Finishing Type
- Black rebar
- Epoxy coated rebar
- Fabricated rebar
By End-User Industry
- Construction and infrastructure
- Manufacturing
- Oil & gas industry
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global Steel Rebar Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global Steel Rebar Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Million Tons)
- Market Share & Forecast, 2016-2027
- By Product
- Deformed
- Mild
- By Process
- Basic Oxygen Steelmaking
- Electric Arc Furnace
- By Finishing Type
- Black rebar
- Epoxy coated rebar
- fabricated rebar
- By End-User Industry
- Construction and infrastructure
- Manufacturing
- Oil & gas industry
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Product
- Demand
- Market Size & Forecast, 2016-2027
- North America Steel Rebar Market Overview
- North America Steel Rebar Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Million Tons)
- North America Steel Rebar Market Share & Forecast, 2016-2027
- By Product
- Deformed
- Mild
- By Process
- Basic Oxygen Steelmaking
- Electric Arc Furnace
- By Finishing Type
- Black rebar
- Epoxy coated rebar
- fabricated rebar
- By End-User Industry
- Construction and infrastructure
- Manufacturing
- Oil & gas industry
- Others
- By Country
- US
- Canada
- Mexico
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Steel Rebar Market
- By Product
- Demand
- North America Steel Rebar Market Size & Forecast, 2016-2027
- Europe Steel Rebar Market Overview
- Europe Steel Rebar Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Million Tons)
- Europe Steel Rebar Market Share & Forecast, 2016-2027
- By Product
- Deformed
- Mild
- By Process
- Basic Oxygen Steelmaking
- Electric Arc Furnace
- By Finishing Type
- Black rebar
- Epoxy coated rebar
- fabricated rebar
- By End-User Industry
- Construction and infrastructure
- Manufacturing
- Oil & gas industry
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Steel Rebar Market
- By Product
- Demand
- Europe Steel Rebar Market Size & Forecast, 2016-2027
- Asia Pacific Steel Rebar Market Overview
- Asia Pacific Steel Rebar Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Million Tons)
- Asia Pacific Steel Rebar Market Share & Forecast, 2016-2027
- By Product
- Deformed
- Mild
- By Process
- Basic Oxygen Steelmaking
- Electric Arc Furnace
- By Finishing Type
- Black rebar
- Epoxy coated rebar
- fabricated rebar
- By End-User Industry
- Construction and infrastructure
- Manufacturing
- Oil & gas industry
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Steel Rebar Market
- By Product
- Demand
- Asia Pacific Steel Rebar Market Size & Forecast, 2016-2027
- South America Steel Rebar Market Overview
- South America Steel Rebar Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Million Tons)
- South America Steel Rebar Market Share & Forecast, 2016-2027
- By Product
- Deformed
- Mild
- By Process
- Basic Oxygen Steelmaking
- Electric Arc Furnace
- By Finishing Type
- Black rebar
- Epoxy coated rebar
- fabricated rebar
- By End-User Industry
- Construction and infrastructure
- Manufacturing
- Oil & gas industry
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Steel Rebar Market
- By Product
- Demand
- South America Steel Rebar Market Size & Forecast, 2016-2027
- Middle East & Africa Steel Rebar Market Overview
- Middle East & Africa Steel Rebar Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Million Tons)
- Middle East & Africa Steel Rebar Market Share & Forecast, 2016-2027
- By Product
- Deformed
- Mild
- By Process
- Basic Oxygen Steelmaking
- Electric Arc Furnace
- By Finishing Type
- Black rebar
- Epoxy coated rebar
- fabricated rebar
- By End-User Industry
- Construction and infrastructure
- Manufacturing
- Oil & gas industry
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Steel Rebar Market
- By Product
- Demand
- Middle East & Africa Steel Rebar Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- ArcelorMittal
- Gerdau SA
- Nucor Coporation
- Nippon Steel & Sumitomo Metal Corporation
- SAIL
- TATA Steels
- Commercial Metal Company
- Steel Dynamics
- HBIS GROUP
- Mechel Pao
- Outokumpu Oyj
- Acerinox s.a.
- Daido Steel
- Shagang Group
- Ansteel Group Corporation Limited
- JFE Steel Corporation
- Bluescope Steel Limited
- Celsa Steel Uk
- Hyundai Steel
- Other Prominent Players
