Global Steel Rebar Market Perspective by Comprehensive Analysis, Growth Prediction to 2024
Steel Rebar Market size is estimated to surpass USD 170 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing infrastructural development to build & remodel homes will drive steel rebars market growth. Rising demand from real estate projects due to increased population will support product penetration. As per National Association of Home Builders, the U.S home building and remodeling investment accounted for over 3% share of GDP in 2017.
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Higher investment in housing projects owing to improved lifestyle and rising disposable income will drive product demand. Positive government support by facilitating subsidies and implementing new construction laws will propel construction industry. Rising awareness regarding construction of earthquake resistant structures will augment steel rebars market size.
Public infrastructure application estimated to hold over 60% market share in 2016. Increasing necessity to build and upgrade existing transport or energy infrastructure will boost product demand. For instance, UK government announced to invest over USD 15 million to strengthen its transport sector. In addition, rapid construction of commercial buildings, malls, and sports complexes will influence industry size.
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Industrial sector expansion supported by positive FDI policies will propel product penetration. Upsurge in public & private investment to strengthen existing industrial infrastructure and setting up new production facilities will drive industry growth.
Deformed steel rebars market is expected to witness growth over 4.5% up to 2024. Strong application outlook for constructing bridges, roads, floor slabs and columns will propel segment growth. Key properties such as better corrosion resistance, high durability and tensile strength are stimulating product demand.
Electric arc furnace estimated to surpass 180 million tons by 2024. Rising awareness associated with waste generation & disposal during processing likely to propel electric arc furnace process adoption rate. Factors such as quality control, low cost processing and environmental concern are expected to propel market growth.
Some of major chapters from Table of Contents:
Chapter 2. Executive Summary
2.1. Steel rebar market 3600 synopsis, 2013 –2024
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
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Chapter 3. Steel Rebar Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
184.108.40.206. Product portfolio
220.127.116.11. Global presence
3.4. Technology landscape
3.5. Raw material analysis
3.6. Global steel industry overview
3.6.1. Current trend in rebar industry
3.7. Industry best practices & key buying criteria
3.8. Regulatory landscape
3.9. Pricing analysis
3.9.1. Regional pricing
18.104.22.168. North America
22.214.171.124. Asia Pacific
126.96.36.199. Latin America
3.9.2. Cost structure analysis
3.10. Industry impact forces
3.10.1. Growth drivers, by region
188.8.131.52. North America
184.108.40.206. Asia Pacific
220.127.116.11. Latin America
3.10.2. Industry pitfalls & challenges
3.11. Innovation & sustainability
3.12. Growth potential analysis
3.13. Competitive landscape, 2016
3.13.1. Market share analysis
3.13.2. Brand analysis
3.13.3. Key stake holders
3.13.4. Strategy dashboard
3.14. Porter's analysis
3.15. PESTEL analysis
Asia Pacific steel rebars market will witness 5% growth over the forecast period. As per industry experts, Malaysia, Philippines and Indonesia are anticipated to invest heavily in new infrastructure projects, supported by public & private investment. Rising income level coupled with affordable housing loans will augment demand for new residential buildings. Increasing urbanization rate and demand for sustainable buildings will further drive regional growth.
Key industry players are ArcelorMittal, Acerinox, Essar, Nippon & Sumitomo Metal Corporation, Gerdau, Tata, Jindal, Commercial Metals Company and SAIL. Other prominent industry players are Daido, Hyundai, NJR, Kobe and Byer. Manufacturers are anticipated to adopt merger & acquisition strategy to gain competitive advantage. For instance, Commercial Metals Company acquired U.S. steel rebar mills and fabrication assets from Gerdau valued USD 600 million to enhance market share.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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