Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "US Steel Rebar Market Size and Forecasts, Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type, Coating Type, and Application" report has been added to ResearchAndMarkets.com's offering.
The US steel rebar market, a fundamental pillar of the construction industry, shows promising growth from US$ 20.67 billion in 2022 to an anticipated US$ 27.68 billion by the year 2030. This projection equates to a compound annual growth rate (CAGR) of 3.7% during the forecast period from 2022 to 2030. The robust expansion reflects the critical nature of steel rebar in reinforcing concrete structures and the evolving demands of construction practices.
US Steel Rebar Market Driven by Sustainable Residential Construction and Noncorrosive Advancements
The demand for American-made steel rebar is on the rise, fortified by significant investments in residential construction and heightened interest in sustainability and resilience against environmental influences. In 2021, the US government allocated substantial funding under the Build Back Better (BBB) plan toward affordable housing, igniting a surge in the construction material sector and boosting the steel rebar market.
Steel rebar's noncorrosive properties have become a game-changer in areas susceptible to high humidity and saltwater exposure. Innovations yielding high-strength, lightweight, and corrosion-resistant rebars are catering to this new demand, providing structures with enhanced longevity and reducing life-cycle costs.
The rise of visually textured surfaces on rebars escalates their bond with concrete, safeguarding against slippage and mastering load transfers. This is essential in the face of increasingly complex structural loads and diverse environmental conditions.
Market growth is also influenced by the strategic use of steel rebars in residential construction - from foundations and beams to columns and walls - infusing essential reinforcement to concrete structures. The residential sector is witnessing a leap in expansion as demands for such durable and energy-efficient homes are on the upswing.
Key Market Contributors
The US steel rebar market flourishes with contributions from established players like Steel Edge Inc, InteRebar Fabricators LLC, JJ Rebar Corp, among others.
These industry leaders focus on quality and innovation, ensuring they meet customer requirements and stay ahead in the competitive landscape. As specialized experts, their insights are invaluable to refining our collective understanding of the market.
Comprehensive Market Analysis
- Strategic Long-term Outlook: Uncover progressive industry trends to forge effective long-term plans.
- Quantitative Market Analytics: Access quantitative data on the US steel rebar market for robust decision-making.
- Porter’s Analysis: A detailed 360NA-degree view of the market for strategic insights.
- Competitive Scenario: Stay informed about recent developments and market dynamics affecting the steel rebar domain in the US.
- Regional Opportunities: Pinpoint growth opportunities across diverse American regions.
- Industry Dynamics: Understand the segmentation and dynamics of the steel rebar industry for targeted strategic moves.
The market analysis is poised to be a critical resource for stakeholders seeking to navigate the economic landscape and seize growth opportunities within the burgeoning US steel rebar market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 73 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value in 2022 | 20.67 Billion |
| Forecasted Market Value by 2030 | 27.68 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | United States |
Companies Profiled:
- Steel Edge
- InteRebar Fabricators
- JJ Rebar Corp
- Pacific Steel Group
- PJ's Rebar Inc
- Integrity Rebar Placers
- Nucor Harris Rebar
- Camblin Steel Services
- Northern Nevada Rebar
- Bellis Steel
For more information about this report visit https://www.researchandmarkets.com/r/9drrlh
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