Covid Impact Steel Rebar Market is expected to register a CAGR of 4.2%, reaching a value of around USD 229 billion by the end of 2027.

STEEL REBAR MARKET: Summary

The Global Steel Rebar Market is expected to register a CAGR of 4.2%, reaching a value of around USD 229 billion by the end of 2027.

Steel rebar also popularly known as steel reinforcement bar, reinforcing bar/ steel or reinforcement steel. It is a superior and versatile composite construction material in all concrete and masonry structure, which is used as tensioning device for reinforcing the cement and holding other essential construction material at respective place in the compressed state. Rebar is formed when steel is melted through exposure to an extreme amount of heat. After this, the melted steel is allowed to pass through a small circular opening to obtaining an elongated shape of rebar. It is used in construction activities to impart additional strength. Rebar has gained huge popularity in the construction sector for the manufacturing of reinforced concrete.

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STEEL REBAR MARKET: Drivers & OPPORtunity

Market Driver:

  • Growing Construction Activities

Construction is the key application area for the steel rebar market, as steel acts as the prime construction material to cater to the versatile need of the infrastructure. Steel rebar is used in the construction of all infrastructure for imparting higher strength to the concrete. The construction is growing against the backdrop of the rising demand for new infrastructure dedicated to residential and commercial building. With the awake of COVID-19 pandemic, the construction activities have slowdown as the government has imposed strict lockdown to prevent the spread of the virus. A temporary shift towards reducing investment in the new residential construction has halted newer pipelined projects.

  • Increasing Steel Demand

Steel has become one of the prevalent construction materials used along with the concrete for constructing durable and impressive buildings. It has cost-effective material with superior flexibility and versatility. Growing application of steel across construction, automotive, electrical appliances, transport is driving the steel demand. The current COVID crisis has affected the steel demand, as the construction, automotive production and mechanical machinery is heavily exposed to the overall demand and supply chain disruption. Nevertheless, the release of lockdown from the China and economies countries.

Market Opportunity:

  • Higher Demand for Green Buildings

Steel reinforcing bars or rebar is the eco-friendly construction material, which can be recycled. The Concrete Reinforcing Steel Institute stated that over 7 million tons of scrap steel are recycled into reinforcing bars annually, which helps in reducing the massive energy expenditure. Green Building contributes to eliminating the overall negative impacts on the environment. Rising concerns regarding reducing the environmental impact related to construction activities drive the demand towards constructing green buildings. Also, decreased operating costs and short payback periods promote the preference towards green buildings. Thus, rising construction of the green buildings is projected to act as a promising opportunity for the steel reinforcement bars market.

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STEEL REBAR market: Key segments

  • Segmentation based on type: Plain Reinforced and Deformed Reinforced
  • Segmentation based on application: Residential, Commercial, Public Infrastructure and Others
  • Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

KEY Companies Covered

  • ArcelorMittal (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • POSCO
  • NIPPON STEEL CORPORATION
  • HBIS GROUP
  • Gerdau S/A
  • China Ansteel Group Corporation Limited
  • Jiangsu Shagang Group
  • Tata Steel
  • Nucor Corporation
  • Contractors Materials Company
  • Mechel
  • Outokumpu
  • Daido Steel Co., Ltd.
  • Acerinox S.A.
  • JSW
  • Hyundai Steel
  • Other Key Companies

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STEEL REBAR MARKET: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Steel Rebar Market, by Type

  • Plain Reinforced
  • Deformed Reinforced

Steel Rebar Market, by Application

  • Residential
  • Commercial
  • Public Infrastructure
  • Others

Steel Rebar Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Belgium
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Peru
    • Chile
    • Rest of South America

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Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Construction Activities
      2. Increasing Steel Demand from various Application
    3. Restraint
      1. Volatility of Raw Material Price
    4. Opportunities
      1. Higher Demand for Green Buildings
    5. Challenges
      1. Susceptible to Corrosion and Fire
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL STEEL REBAR MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Plain Reinforced
    3. Deformed Reinforced
  7. GLOBAL STEEL REBAR MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Residential
    3. Commercial
    4. Public Infrastructure
    5. Others
  8. GLOBAL STEEL REBAR MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Indonesia
      6. Malaysia
      7. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. South Africa
      5. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Peru
      4. Chile
      5. Rest of South America
  9. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  10. COMPANY PROFILES
    1. ArcelorMittal
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. POSCO
    3. NIPPON STEEL CORPORATION
    4. HBIS GROUP
    5. Gerdau S/A
    6. China Ansteel Group Corporation Limited
    7. Jiangsu Shagang Group
    8. Tata Steel
    9. Nucor Corporation
    10. Contractors Materials Company
    11. Mechel
    12. Outokumpu
    13. Daido Steel Co., Ltd.
    14. Acerinox S.A.
    15. JSW
    16. Hyundai Steel
    17. Other Key Companies
  11. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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