New York, United States, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Rebar is a tensioning device used to strengthen concrete. Steel Rebar strengthens compressed concrete. Concrete with reinforcement is a complicated substance. Concrete lacks tensile strength despite its density.
However, steel rebar put into concrete corrects this mismatch. Wire mesh is one of five types of rebar, along with welded wire fabric, sheet metal reinforcing bars, and stainless-steel rebar. Steel rebar is cut and formed into regular lengths and widths for monolithic buildings. Steel rebar's bending flexibility makes it an effective concrete reinforcement. Steel rebar has high impact resistance, less spalling, and long-term durability.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/steel-rebar-market/request-sample
Global Steel Rebar Market: DRIVERS
Infrastructure and Urbanization Are Accelerating
Rapid infrastructure development and new industrial units in India and China are growing product demand. Rising per capita income, increased populations, and better living circumstances should help the residential sector. Several countries, including India, are considering substantial housing and smart city plans to boost residential sector growth. Rapid urbanization in emerging economies creates new growth and development opportunities. Globally, people are working to solve the most important issues. These include the creation of "smart cities" and the establishment of residential construction laws.
Government Initiatives Drive the Market
Public housing funding boosts the home construction industry. Low-income households receive government subsidies and aid. These incentives make it easier to secure low-interest home loans. Thermo-mechanical technology can improve steel rebar's high tension, ductility, and capacity to construct columns and beams with exact concrete cover.
Governments around the world favor high-strength rebar in building structures. This has reduced mild steel reinforcing bars' global market share. China's Ministry of Housing and Urban-Rural Development promotes earthquake-resistant deformed steel rebar.
Global Steel Rebar Market: KEY FUTURE OPPORTUNITIES
Technological Progress Creates New Opportunities
The steel rebar sector is expected to increase, along with its innovation and progress, creating significant business chances for both established and new market participants. High-end usage and technological developments drive steel rebar innovation. Fe-500, Fe-550, and Fe-500D are recent grades. Modern steel rebar is used in corrosion-resistant, epoxy-coated, and earthquake-resistant applications. Increased public transit financing, rapid urbanization, and developing infrastructure are expected to boost the industry.
Report Scope
| Report Metric | Details |
| Market Size | USD 490.50 Billion by 2030 |
| CAGR | 7.27% (2020-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Applications, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | ArcelorMittal, ESSAR steel, Nippon Steel & Sumitomo, Metal Corporation, NLMK, Nucor, Tata Steel, Tillos Group, Power Steel Co., Ltd |
| Key Market Opportunities | New Opportunities as a Result of Technological Advancement |
| Key Market Drivers | The Growth of Infrastructure and Urbanization Are Picking Up Speed The Market Is Driven by Government Initiatives |
Buy Now Full Report @ https://straitsresearch.com/report/steel-rebar-market/request-sample
Regional Overview of Global Steel Rebar Market
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa make up the Steel Rebar Market.
Due to China's need for steel rebar, Asia Pacific is expected to have the largest consumption throughout the projection period. Even though China's industrial sector has stagnated, the building sector has risen.
Due to regulatory improvements, China's real estate sector should increase demand for steel and related products. New construction requirements and relaxed regulatory rules in tier 2 and tier 4 cities may raise steel demand in China. Because they're the second and fourth most populous cities, respectively.
The North American area is expected to grow steadily as the United States and Canada rebuild their infrastructure. The US infrastructure business lacks investment.
COVID-19's epidemic affected the U.S. merchants' income and profitability. Nucor's sales declined 10.8% between 2019 and 2020, hitting $20 billion. COVID-19's epidemic affected profits and earnings.
This tendency will be helped by Europe's construction industry rebound. Saudi Arabia's 2019 crude steel production is anticipated at 8,191 thousand tons by the World Steel Association. Depleting iron ore supplies could affect the supply chain by affecting raw material and final product prices. Due to COVID-19, demand for finished steel products decreased in 2020 and will for a while. Future growth will be boosted by government initiatives and megaprojects.
The global economic recovery has boosted demand for steel goods like rebar so far in 2021. Steel Dynamics, Inc. announced first-quarter revenues of USD 3.5 billion, up from USD 2.6 billion in 2020. Net income rose from 187 million to 431 million.
Key Highlights
- The Global Steel Rebar Market was valued at USD 260.82 billion in 2021 and is predicted to reach at USD 490.50 billion by 2030, increasing at a CAGR of 7.27% from 2022 to 2030.
- By Application, the Global Steel Rebar Market is segmented into Residential, Commercial, and Infrastructure. In 2021, the infrastructure sector was responsible for 27.1% of the total market share in terms of revenue.
- By Region, the Global Steel Rebar Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Because of the need for steel rebar in China, it is anticipated that Asia Pacific will continue to be the region with the highest level of consumption throughout the forecast period.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/steel-rebar-market/request-sample
List of major competitor companies in the Steel Rebar Market across the globe are:
- ArcelorMittal
- ESSAR steel
- Nippon Steel & Sumitomo Metal Corporation
- NLMK
- Nucor
- Tata Steel
- Tillos Group
- Power Steel Co., Ltd.
- Akron Rebar Co.
- Saudi Iron and Steel Company.
- JSW
- POSCO
- Shagang Group
- Commercial Metals Corporation
- Steel Authority of India (SAIL)
Global Steel Rebar Market: Segmentation
BY APPLICATION
- Residential
- Commercial
- Infrastructure
BY GEOGRAPHY
- North America
- Europe
- Asia Pacific (APAC)
- Latin America
- Middle East and Africa (MEA)
TABLE OF CONTENT
- Introduction
- Market Definition
- Market Scope
- Research Methodology
- Primary Research
- Research Methodology
- Assumptions & Exclusions
- Secondary Data Sources
- Market Overview
- Report Segmentation & Scope
- Value Chain Analysis: Steel Rebar Market
- Key Market Trends
- Drivers
- Restraints
- Opportunities
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitution
- Threat of New Entrants
- Competitive Rivalry
- Market Share Analysis
- Applications Overview
- Introduction
- Market Size & Forecast
- Residential
- Market Size & Forecast
- Commercial
- Market Size & Forecast
- Introduction
- Overview
- Introduction
- Market Size & Forecast
-
- Market Size & Forecast
-
- Market Size & Forecast
- Introduction
- Regional Overview
- Introduction
- Market Size & Forecast
- America
- North America
- U.S.
- By Applications
- By
- Canada
- By Applications
- By
- Mexico
- By Applications
- By
- Latin America
- By Applications
- By
- Europe
- Market Size & Forecast
- Germany
- By Applications
- By
- France
- By Applications
- By
- U.K.
- By Applications
- By
- Italy
- By Applications
- By
- Spain
- By Applications
- By
- Rest of Europe
- By Applications
- By
- Asia Pacific
- Market Size & Forecast
- Japan
- By Applications
- By
- China
- By Applications
- By
- Australia
- By Applications
- By
- India
- By Applications
- By
- South Korea
- By Applications
- By
- Rest of Asia-Pacific
- By Applications
- By
- Middle East & Africa
- Market Size & Forecast
- Saudi Arabia
- By Applications
- By
- South Africa
- By Applications
- By
- Kuwait
- By Applications
- By
- Rest of Middle East & Africa
- By Applications
- By
- Introduction
- Company Profile
- ArcelorMittal
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- ESSAR steel
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- Nippon Steel & Sumitomo Metal Corporation
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- ArcelorMittal
- Conclusion & Recommendation
- Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/steel-rebar-market/toc
Recent Developments
- April 2022 - The vertical and horizontal galvanising lines, each with a capacity of 500,000 tonnes annually, will be provided by Fives for Nucor Corp.'s greenfield West Virginia sheet mill. A news release from Fives states that while the second line's goods would be employed in the construction industry, the first line will create steel coils for automotive purposes.
- April 2022 - Tata Steel announced that it had signed a share purchase agreement with Steel Authority of India Limited (SAIL) to purchase the latter's full 50% holding in S&T Mining Co Ltd. S&T Mining has been converted into a wholly-owned subsidiary of Tata Steel following the completion of the transaction. On April 11, 2022, the business will have fully acquired all of SAIL's equity investment in S&T Mining, according to a filing with the BSE by Tata Steel.
News Media
Top 10 Best Furniture companies in the world
Top 10 Steel Producing Companies in the World
The Steel and Cement Industries Skyrockets the Demand for Manual Lubrication Management System
Large-Scale Residential Construction and Infrastructure Projects Account for the Lion’s Share of Consumption in the Steel Market
Advanced Electrical Steel and Their Applications in Emerging Technologies will propel the Growth of the Global Electrical Steel Market
Have a Look at the Related Research Report
Electrical Steel Market: Information by Type, Application (Inductor, Transformer), End-user Industry (Household Appliances, Automotive), and Region — Forecast till 2026
Microalloyed Steel Market: Information by Category (Weathering Steel, Micro-Alloyed Ferrite Pearlite Steel), Process (Hot Rolled), Application (Construction), and Region — Forecast till 2029
Steel Market: Information by Type (Carbon Steel, Alloy Steel, Stainless Steel), Application (Industrial Structures, Automotive, Electrical Appliance), and Region — Forecast till 2029
Copper-Clad Steel Wire Market: Information by Product Type (Copper-Clad Jacketed Steel Wire, Extra-High Strength),End-Use Industry (Telecommunication, Medical) and Region — Forecast Till 2026
About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
For more information on your target market, please contact us below:
Phone: +1 646 480 7505 (the U.S.)
+91 8087085354 (APAC)
+44 208 068 9665 (the U.K.)
Email: sales@straitsresearch.com
Follow Us: LinkedIn | Facebook | Instagram | Twitter
