Steel Rebar Market Size - By Product (Deformed, Mild), By Process (Basic Oxygen Steelmaking, Electric Arc Furnace), By Application (Residential Buildings, Public Infrastructure, Industrial) & Global Forecast, 2023 – 2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Steel Rebar Market Size - By Product (Deformed, Mild), By Process (Basic Oxygen Steelmaking, Electric Arc Furnace), By Application (Residential Buildings, Public Infrastructure, Industrial) & Global Forecast, 2023 – 2032
Steel Rebar Market Size - By Product (Deformed, Mild), By Process (Basic Oxygen Steelmaking, Electric Arc Furnace), By Application (Residential Buildings, Public Infrastructure, Industrial) & Global Forecast, 2023 – 2032
Steel Rebar Market Size
Steel Rebar Market size is anticipated to witness over 4.4% CAGR from 2023 and 2032, backed by the booming construction sector. As economies continue to expand, urbanization and population growth create a constant need for new buildings, bridges, and transportation networks, all of which heavily rely on steel rebar for their structural integrity. Additionally, the increasing adoption of green building practices and sustainable construction methods is propelling the product demand, given its recyclability and durability, making it a favored choice for eco-friendly projects. The rapid industrialization, and continuous inflow of investment for infrastructure development will augment the demand of steel rebar.
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Steel Rebar Market Growth Drivers & Restraints
The advancements in manufacturing technologies have enhanced the efficiency of steel rebar production, reducing costs and improving product quality, thereby supporting its widespread usage in various construction applications. Fluctuations in raw material prices, particularly for iron ore and scrap metal, can lead to increased production costs, affecting overall profitability for the manufacturers. However, regulatory challenges, such as trade restrictions and environmental regulation, in consort with availability of alternative construction materials is likely to restrain the industry growth.
COVID-19 impact
The COVID-19 pandemic had a significant impact on the steel rebar market, presenting both challenges and opportunities. During the initial phases of the pandemic, widespread lockdowns and restrictions disrupted construction activities worldwide, leading to a temporary decline in demand for steel rebar. Supply chain disruptions, labor shortages, and logistical issues further hampered production and distribution. As economies gradually reopened and governments initiated packages to enhance infrastructure spending, the market showcased a rebound in demand. Moreover, the increased focus on healthcare infrastructure and sanitation facilities during the pandemic drove additional demand for steel rebar.
Steel Rebar Market Trends
The emphasis on resilient infrastructure and disaster preparedness is shaping the demand for steel rebar in regions prone to natural calamities. Sustainability and eco-friendly practices have become prominent in recent times, driving the adoption of green building materials. Additionally, technological advancements are optimizing production processes, leading to increased efficiency and cost-effectiveness. As the construction sector embraces innovation and addresses environmental concern, the steel rebar market will showcase impressive growth trends.
Steel Rebar Market Analysis
The deformed steel rebar industry is poised to register notable growth during 2023 and 2032, as the product provides enhanced bonding capabilities with concrete, allowing for improved load transfer and resistance to slippage in concrete structures. Deformed steel rebar is widely used in construction projects, especially in reinforced concrete structures like buildings, bridges, and highways. The mechanical properties and ability to withstand tension make the product a preferred choice to ensure the structural integrity and durability of various infrastructural elements.
The electric arc furnace process segment of steel rebar market is slated to exhibit 4% CAGR through 2023. The process offers several advantages, including flexibility in raw material usage, reduced energy consumption compared to traditional blast furnaces, and the ability to produce a wide range of steel grades. It offers the flexibility of using various types of scrap metal as input, thereby reducing the need for primary raw materials that is inline with the sustainable practice of recycling. Furthermore, minimal GHG emissions and eco-friendly nature are boosting popularity of the process among the manufacturers.
The steel rebar market size from public infrastructure application is expected to expand significantly, as the product is widely utilized in various government-funded projects aimed at improving public facilities and services. Its high tensile strength and durability make it indispensable for ensuring the long-term stability and safety of public structures. According to new official U.S. website highlighting public & private investments, Invest.gov, the government diverted USD 225 billion towards building public infrastructure. As governments continue to invest in infrastructure development, the demand for steel rebar will stay strong in the coming years.
Asia Pacific steel rebar market will observe strong growth owing to the rapid urbanization, industrialization, and infrastructure development in the region. Notably, APAC is home to nearly 60% of global population, totaling to around 4.3 billion people. As emerging economies experience robust economic growth and increasing populations, the demand for residential, commercial, and public infrastructure projects rises, bolstering the need for steel rebar. The government initiatives, foreign investments, and advancements in manufacturing technologies, along with ongoing focus on sustainable development will position Asia Pacific as a promising avenue for the market players.
Steel Rebar Market Share
Some major players in the global steel rebar market are
- Tata Steel
- Gerdau SA
- Jiangsu Shagang Group Co.,Ltd.
- Steel Authority of India Limited (SAIL)
- Nippon Steel & Sumitomo Metal Corporation
- Essar Steel
- Nucor Corp.
- Celsa Steel UK
- Mechel OAO
- Hyundai Steel
- Daido Steel
- Sohar Steel Group
- Arcelormittal
- Acerinox S.A
Steel Rebar Industry News
- In May 2023, the Securities and Exchange Board of India (SEBI) granted approval to the Multi Commodity Exchange of India (MCX) to introduce futures contracts for steel rebars. The contracts will be structured with a trading unit of 5 tons, and the quotation value will represent one ton of steel rebar.
- In March 2023, the UK government accepted the Trade Remedies Authority's proposal to extend the anti-dumping measures on imports of HFP Rebar from China, the current level being 5 years.
This market research report on steel rebar includes in-depth coverage of the industry with estimates & forecast in terms of volume in million tons & revenue in USD million from 2023 to 2032 for the following segments
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Market by Product
- Deformed
- Mild
Market by Process
- Basic oxygen steelmaking
- Electric arc furnace
Market by Application
- Residential buildings
- Public infrastructure
- Industrial
Market by Region
- North America
- U.S.
- Canada
- Europe
- Austria
- Czech Republic
- France
- Germany
- Italy
- Netherlands
- Poland
- Romania
- Spain
- Sweden
- UK
- Turkey
- Russia
- Ukraine
- Asia pacific
- China
- India
- Japan
- Australia & NZ
- South Korea
- Latin America
- Brazil
- Argentina
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Content
Report Content
Chapter 1 Methodology And Scope
1.1 Market definition
1.2 Base estimation & workings
1.2.1 North America
1.2.2 Europe
1.2.3 Asia Pacific
1.2.4 Latin America
1.2.5 Middle East & Africa
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.1.2.1 Paid sources
1.1.2.2 Public sources
Chapter 2 Executive Summary
2.1 Steel rebar industry 360° synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Process trends
2.1.4 Application trends
2.1.5 Regional trends
Chapter 3 Steel Rebar Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2018 – 2032
3.2.1 COVID-19 impact on industry forecast
3.3 Industry ecosystem analysis
3.3.1 Raw material analysis
3.3.2.1 COVID-19 impact on raw material supply
3.3.2 Profit margin analysis
3.3.3 Value addition at each stage
3.3.4 Distribution channel analysis
3.3.5 Value chain disruption analysis (COVID-19 impact)
3.3.6 Vendor matrix
3.4 Innovation & sustainability
3.4.1 Patent analysis
3.4.2 Production process
3.4.3 Future trends
3.5 Industry impact forces
3.5.1 Growth drivers
3.5.2.1 Increasing demand from residential and commercial construction
3.5.2.2 Rising government initiative for better infrastructure development
3.5.2.3 Revival of the U and European construction industry
3.5.2.4 Rising investment in the construction industry in the Middle East
3.5.2 Industry pitfalls & challenges
3.5.2.1 Price volatility and supply chain issues
3.6 Regulatory trends
3.6.1 U.S.
3.6.2 Europe
3.6.3 China
3.7 Growth potential analysis
3.8 Regional price trends
3.8.1 Cost structure analysis
3.8.2.1 R&D cost
3.8.2.2 Manufacturing & equipment cost
3.8.2.3 Raw material cost
3.8.2.4 Distribution cost
3.8.2.5 Operating cost
3.8.2.6 Miscellaneous cost
3.8.2 Price by Product
3.8.3 Price by Application
3.8.4 COVID-19 impact on pricing
3.9 Competitive landscape, 2022
3.9.1 Company market share analysis, 2022
3.9.2 Strategy dashboard
3.10 Porter’s analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 PESTEL analysis
3.12 COVID-19 impact on demand for steel bar by application
3.12.1 Residential building
3.12.2 Public infrastructure
3.12.3 Industrial
Chapter 4 Steel Rebar Market, By Product
4.1 Global steel rebar market product insights
4.2 Deformed
4.2.1 Global market estimates and forecast, 2018 – 2032
4.2.2 Global market estimates and forecast, by region, 2018 – 2032
4.3 Mild
4.3.1 Global market estimates and forecast, 2018 – 2032
4.3.2 Global market estimates and forecast, by region, 2018 – 2032
Chapter 5 Steel Rebar Market, By Process
5.1 Global steel rebar market process insights
5.2 Basic oxygen steelmaking
5.2.1 Global market estimates and forecast, 2018 – 2032
5.2.2 Global market estimates and forecast, by region, 2018 – 2032
5.3 Electric arc furnace
5.3.1 Global market estimates and forecast, 2018 – 2032
5.3.2 Global market estimates and forecast, by region, 2018 – 2032
Chapter 6 Steel Rebar Market, By Application
6.1 Global steel rebar market application insights
6.2 Residential buildings
6.2.1 Global market estimates and forecast, 2018 – 2032
6.2.2 Global market estimates and forecast, by region, 2018 – 2032
6.3 Public infrastructure
6.3.1 Global market estimates and forecast, 2018 – 2032
6.3.2 Global market estimates and forecast, by region, 2018 – 2032
6.4 Industrial
6.4.1 Global market estimates and forecast, 2018 – 2032
6.4.2 Global market estimates and forecast, by region, 2018 – 2032
Chapter 7 Steel Rebar Market, By Region
7.1 Global steel rebar market regional insights
7.2 North America
7.2.1 North America market estimates and forecast, 2018 – 2032
7.2.2 North America market estimates and forecast, by product, 2018 – 2032
7.2.3 North America market estimates and forecast, by process 2018 – 2032
7.2.4 North America market estimates and forecast, by application, 2018 – 2032
7.2.5 U.S.
7.2.2.1 Market estimates and forecast, 2018 – 2032
7.2.2.2 Market estimates and forecast, by product, 2018 – 2032
7.2.2.3 Market estimates and forecast, by process 2018 – 2032
7.2.2.4 Market estimates and forecast, by application, 2018 – 2032
7.2.6 Canada
7.2.2.1 Market estimates and forecast, 2018 – 2032
7.2.2.2 Market estimates and forecast, by product, 2018 – 2032
7.2.2.3 Market estimates and forecast, by process 2018 – 2032
7.2.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3 Europe
7.3.1 Europe market estimates and forecast, 2018 – 2032
7.3.2 Europe market estimates and forecast, by product, 2018 – 2032
7.3.3 Europe market estimates and forecast, by process 2018 – 2032
7.3.4 Europe market estimates and forecast, by application, 2018 – 2032
7.3.5 Austria
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.6 Czech Republic
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.7 France
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.8 Germany
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.9 Italy
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.10 Netherlands
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.11 Poland
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.12 Romania
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.13 Spain
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.14 Sweden
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.15 UK
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.16 Turkey
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.17 Russia
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.3.18 Ukraine
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.2.2 Market estimates and forecast, by product, 2018 – 2032
7.3.2.3 Market estimates and forecast, by process 2018 – 2032
7.3.2.4 Market estimates and forecast, by application, 2018 – 2032
7.4 Asia Pacific (APAC)
7.4.1 APAC market estimates and forecast, 2018 – 2032
7.4.2 APAC market estimates and forecast, by product, 2018 – 2032
7.4.3 APAC market estimates and forecast, by process 2018 – 2032
7.4.4 APAC market estimates and forecast, by application, 2018 – 2032
7.4.5 China
7.4.2.1 Market estimates and forecast, 2018 – 2032
7.4.2.2 Market estimates and forecast, by product, 2018 – 2032
7.4.2.3 Market estimates and forecast, by process 2018 – 2032
7.4.2.4 Market estimates and forecast, by application, 2018 – 2032
7.4.6 India
7.4.2.1 Market estimates and forecast, 2018 – 2032
7.4.2.2 Market estimates and forecast, by product, 2018 – 2032
7.4.2.3 Market estimates and forecast, by process 2018 – 2032
7.4.2.4 Market estimates and forecast, by application, 2018 – 2032
7.4.7 Japan
7.4.2.1 Market estimates and forecast, 2018 – 2032
7.4.2.2 Market estimates and forecast, by product, 2018 – 2032
7.4.2.3 Market estimates and forecast, by process 2018 – 2032
7.4.2.4 Market estimates and forecast, by application, 2018 – 2032
7.4.8 Australia & NZ
7.4.2.1 Market estimates and forecast, 2018 – 2032
7.4.2.2 Market estimates and forecast, by product, 2018 – 2032
7.4.2.3 Market estimates and forecast, by process 2018 – 2032
7.4.2.4 Market estimates and forecast, by application, 2018 – 2032
7.4.9 South Korea
7.4.2.1 Market estimates and forecast, 2018 – 2032
7.4.2.2 Market estimates and forecast, by product, 2018 – 2032
7.4.2.3 Market estimates and forecast, by process 2018 – 2032
7.4.2.4 Market estimates and forecast, by application, 2018 – 2032
7.5 Latin America (LATAM)
7.5.1 LATAM market estimates and forecast, 2018 – 2032
7.5.2 LATAM market estimates and forecast, by product, 2018 – 2032
7.5.3 LATAM market estimates and forecast, by process 2018 – 2032
7.5.4 LATAM market estimates and forecast, by application, 2018 – 2032
7.5.5 Brazil
7.5.2.1 Market estimates and forecast, 2018 – 2032
7.5.2.2 Market estimates and forecast, by product, 2018 – 2032
7.5.2.3 Market estimates and forecast, by process 2018 – 2032
7.5.2.4 Market estimates and forecast, by application, 2018 – 2032
7.5.6 Argentina
7.5.2.1 Market estimates and forecast, 2018 – 2032
7.5.2.2 Market estimates and forecast, by product, 2018 – 2032
7.5.2.3 Market estimates and forecast, by process 2018 – 2032
7.5.2.4 Market estimates and forecast, by application, 2018 – 2032
7.5.7 Mexico
7.5.2.1 Market estimates and forecast, 2018 – 2032
7.5.2.2 Market estimates and forecast, by product, 2018 – 2032
7.5.2.3 Market estimates and forecast, by process 2018 – 2032
7.5.2.4 Market estimates and forecast, by application, 2018 – 2032
7.6 Middle East & Africa (MEA)
7.6.1 MEA market estimates and forecast, 2018 – 2032
7.6.2 MEA market estimates and forecast, by product, 2018 – 2032
7.6.3 MEA market estimates and forecast, by process 2018 – 2032
7.6.4 MEA market estimates and forecast, by application, 2018 – 2032
7.6.5 South Africa
7.6.2.1 Market estimates and forecast, 2018 – 2032
7.6.2.2 Market estimates and forecast, by product, 2018 – 2032
7.6.2.3 Market estimates and forecast, by process 2018 – 2032
7.6.2.4 Market estimates and forecast, by application, 2018 – 2032
7.6.6 UAE
7.6.2.1 Market estimates and forecast, 2018 – 2032
7.6.2.2 Market estimates and forecast, by product, 2018 – 2032
7.6.2.3 Market estimates and forecast, by process 2018 – 2032
7.6.2.4 Market estimates and forecast, by application, 2018 – 2032
7.6.7 Saudi Arabia
7.6.2.1 Market estimates and forecast, 2018 – 2032
7.6.2.2 Market estimates and forecast, by product, 2018 – 2032
7.6.2.3 Market estimates and forecast, by process 2018 – 2032
7.6.2.4 Market estimates and forecast, by application, 2018 – 2032
Chapter 8 Company Profiles
8.1 Arcelormittal
8.1.1 Business overview
8.1.2 Financial data
8.1.3 Product landscape
8.1.4 Strategic outlook
8.1.5 SWOT analysis
8.2 Tata Steel
8.2.1 Business overview
8.2.2 Financial data
8.2.3 Product landscape
8.2.4 Strategic outlook
8.2.5 SWOT analysis
8.3 Steel Authority of India Limited (SAIL)
8.3.1 Business overview
8.3.2 Financial data
8.3.3 Product landscape
8.3.4 Strategic outlook
8.3.5 SWOT analysis
8.4 Gerdau SA
8.4.1 Business overview
8.4.2 Financial data
8.4.3 Product landscape
8.4.4 Strategic outlook
8.4.5 SWOT analysis
8.5 Nippon Steel & Sumitomo Metal Corporation
8.5.1 Business overview
8.5.2 Financial data
8.5.3 Product landscape
8.5.4 Strategic outlook
8.5.5 SWOT analysis
8.6 Essar Steel
8.6.1 Business overview
8.6.2 Financial data
8.6.3 Product landscape
8.6.4 Strategic outlook
8.6.5 SWOT analysis
8.7 Mechel OAO
8.7.1 Business overview
8.7.2 Financial data
8.7.3 Product landscape
8.7.4 Strategic outlook
8.7.5 SWOT analysis
8.8 Acerinox S.A.
8.8.1 Business overview
8.8.2 Financial data
8.8.3 Product landscape
8.8.4 Strategic outlook
8.8.5 SWOT analysis
8.9 Hyundai Steel
8.9.1 Business overview
8.9.2 Financial data
8.9.3 Product landscape
8.9.4 Strategic outlook
8.9.5 SWOT analysis
8.10 Daido Steel
8.10.1 Business overview
8.10.2 Financial data
8.10.3 Product landscape
8.10.4 Strategic outlook
8.10.5 SWOT analysis
8.11 Kobe Steel
8.11.1 Business overview
8.11.2 Financial data
8.11.3 Product landscape
8.11.4 Strategic outlook
8.11.5 SWOT analysis
8.12 Evraz PLC
8.12.1 Business overview
8.12.2 Financial data
8.12.3 Product landscape
8.12.4 Strategic outlook
8.12.5 SWOT analysis
8.13 Commercial Metals Company (CMC)
8.13.1 Business overview
8.13.2 Financial dat