Technological Advancements and Their Impact on the Steel Rebar Market

Major drivers influencing the growth of the steel rebar market are rapid infrastructure development, urbanization, and the growing product demand from the non-residential sector, such as oil and gas and manufacturing.

Steel rebar, short for “reinforcing bar,” is a common construction material used to reinforce concrete structures. It is a steel bar or mesh of steel wires used as a tension device in concrete to strengthen and hold the concrete in compression. The Steel Rebar Market is approximated to be USD 224.5  billion in 2022, and it is projected to reach USD 317.4 billion by 2030, at a CAGR of 4.4%. This report provides a comprehensive analysis of the market including steel rebars market size, trends, drivers and constraints, Competitive Aspects, and prospects for future growth.

Global Steel Rebars Market Report from MarketsandMarkets highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player’s market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability.

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Browse 275 market data Tables and 56 Figures spread through 266 Pages and in-depth TOC on “Steel Rebar Market by Type (Deformed and Mild), Coating Type (Plain Carbon Steel Rebar, Galvanized Steel Rebar, Epoxy-Coated Steel Rebar), Process Type, Bar Size, End-use (Infrastructure, Housing, and Industrial) and Region – Global Forecast to 2030”

Composition and Types:

  • Steel rebar is typically made from carbon steel, although other alloys may be used in specialized applications.
  • It comes in various shapes and sizes, including round, square, and deformed, with deformations providing better adhesion to concrete.
  • Common types of steel rebar include black rebar, epoxy-coated rebar (to prevent corrosion), and stainless steel rebar (for corrosive environments).

Applications:

  • Steel rebar is primarily used in the construction industry to reinforce concrete structures such as buildings, bridges, highways, and other infrastructure projects.
  • It helps concrete withstand tensile forces, preventing it from cracking or collapsing under heavy loads or due to temperature changes.

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Industry Dynamics:

  • Market Demand: The demand for steel rebar is closely tied to the overall health of the construction and infrastructure sectors. Economic growth and urbanization drive demand for new buildings and infrastructure projects, which, in turn, boost the need for rebar.
  • Global Growth: Emerging economies, such as China and India, have witnessed significant construction booms, contributing to substantial global demand for steel rebar.
  • Regulations: Regulatory standards and codes often dictate the type and quality of steel rebar used in construction, especially for safety-critical structures. Compliance with these standards is crucial.
  • Price Volatility: The steel industry, including rebar, is susceptible to fluctuations in steel prices due to factors like raw material costs, trade policies, and global supply and demand dynamics.
  • Environmental Considerations: Environmental concerns have led to the development of eco-friendly alternatives, such as fiber-reinforced concrete, which may impact the demand for traditional steel rebar.
  • Innovation: Continuous research and development in the steel industry have led to the creation of high-strength rebar and advanced coatings to improve durability and reduce maintenance.
  • Corrosion Resistance: Corrosion is a significant concern for steel rebar in some environments. Therefore, the industry has seen advancements in corrosion-resistant coatings and materials.
  • Global Trade: The steel rebar market is influenced by global trade policies and tariffs, which can impact the availability and cost of steel rebar in different regions.

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In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include

  • Nippon Steel Corporation (Japan)
  • ArcelorMittal (Luxembourg)
  • Tata Steel Limited (India)
  • Nucor Corporation (US)
  • NLMK Group (Russia)
  • Gerdau SA (Brazil)
  • Commercial Metals Company (US)
  • Steel Authority of India Limited (India)
  • Mechel PAO (Russia)
  • Steel Dynamics Inc. (US)

Market Drivers Increasing Demand of Steel Rebars due to Rising Funding from Government for Development of Transportation Infrastructure

Decreasing the Prices of Steel Rebars

Market Trend An Emergence of Advanced Thermo-Mechanical Technology for Improving Quality of Steel

Opportunities Upcoming Mega Projects such as The Hong Kong-Zhuhai-Macau Bridge, Beijing Daxing International Airport and others will grow market

Advanced Features such as ductility, high tension, offers perfect shaped beams, and columns

Increasing Research and Development Activities by Established Players

Challenges High Cost of Fabrication Used for Casting Limiting the Growth of the Market

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By End Use Industry, the Infrastructure segment accounted for the largest share in 2021

Demand for steel rebar is driven by increasing investment in major infrastructure projects across the world, especially in the Asia Pacific region. Infrastructure is a major end-user of steel rebar. This sector majorly includes projects such as roads, highways, bridge construction, sewage systems, airports, and stadiums, among others. Advancements in steel rebar coatings make it durable for various infrastructure construction

Asia Pacific accounted for the largest share of the Steel Rebar Market in 2021

Low-cost labor and cheap availability of lands in  Asia Pacific region attract foreign investments further helping industrial sectors grow rapidly. Rapid economic growth, increasing urbanization, increasing investments by the government to setup new industries and  high growth in the infrastructure sector will lead to the increase in construction activities, which helps to increase the demand for steel rebar. China was the region’s largest market for steel rebar in 2021, followed by Japan, India, and South Korea. Asia Pacific region is projected to witness a steady increase in consumption between 2022 and 2030.

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 36)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS & EXCLUSIONS 
          TABLE 1 INCLUSIONS & EXCLUSIONS
    1.4 MARKET SCOPE 
          FIGURE 1 MARKET SEGMENTATION
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 UNITS CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 RESEARCH LIMITATIONS 
    1.9 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 41)
    2.1 RESEARCH DATA 
          FIGURE 2 STEEL REBAR MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                                FIGURE 3 LIST OF STAKEHOLDERS INVOLVED AND BREAKDOWN OF PRIMARY INTERVIEWS
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
          FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
          FIGURE 6 MARKET SIZE ESTIMATION: SUPPLY SIDE
    2.3 DATA TRIANGULATION 
          FIGURE 7 STEEL REBAR MARKET: DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 LIMITATIONS 
    2.6 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
 
3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 8 BASIC OXYGEN STEELMAKING PROCESS TO LEAD STEEL REBAR MARKET IN 2021
    FIGURE 9 ASIA PACIFIC: LARGEST STEEL REBAR MARKET IN 2021
 
4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN STEEL REBAR MARKET 
          FIGURE 10 STEEL REBAR MARKET TO GROW AT MODEST RATE DURING FORECAST PERIOD
    4.2 STEEL REBAR MARKET, BY END-USE SECTOR 
          FIGURE 11 INFRASTRUCTURE SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
    4.3 STEEL REBAR MARKET, BY PROCESS AND REGION 
          FIGURE 12 BASIC OXYGEN STEELMAKING PROCESS AND ASIA PACIFIC REGION LED STEEL REBAR MARKET IN 2021
    4.4 STEEL REBAR MARKET, BY REGION 
          FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF STEEL REBAR MARKET IN 2021
 
5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN STEEL REBAR MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rapid infrastructure development and urbanization
                                TABLE 2 URBANIZATION, BY REGION, 2021–2050 (IN MILLION)
                    5.2.1.2 Growth prospects in oil & gas industry
           5.2.2 RESTRAINTS
 
Continued...

Romie Gaba

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