Press release
Steel Rebars Market: Competitive Dynamics & Global Outlook 2023
Steel rebars are used as tensile devices in reinforced concrete to provide strength and hold the concrete in tension. Besides the high-tensile strength, rebars also absorb energy, adapt to extreme weather conditions, and hold stress during natural calamities which make them indispensable in the construction industry.
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Global Steel Rebars Market: Forecast by Type / Application / Region
The rebar with major diameters between 8mm and 25mm finds application in Infrastructure (road, bridges, and highways), Housing, and Industrial (Gas and Oil industrial etc). The infrastructure segment is estimated to have accounted for a major share of the steel rebar market in 2016, followed by the housing, and industrial segments. The use of steel rebar increases the tensile strength of surrounding concrete structures in highways, bridges, and pillar structures. Increasing project counts of highway, bridges, and structural engineering are fueling the growth of the steel rebar market in the infrastructure segment.
Modernization and maintenance of infrastructure projects has led to the increasing demand for steel rebar. Increasing infrastructure projects across the globe, especially in the Asia-Pacific is another major factor, driving the growth of the steel rebar market during the forecast period.
Over the next five years, LPI(LP Information) projects that Steel Rebars will register a 7.2% CAGR in terms of revenue, reach US$ 150700 million by 2023, from US$ 106600 million in 2017.
Global Steel Rebars Market: Key Players
ArcelorMittal
Hebei Iron and Steel
Baowu Group
Jiangsu Shagang
Sabic Hadeed
EVRAZ
Nucor
Riva Group
Emirates Steel
SteelAsia
Qatar Steel
Mechel
Jianlong Iron and Steel
Tata Steel
NLMK Group
Celsa Steel
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Related Information:
United States Steel Rebars Market Research Report 2018
Europe Steel Rebars Market Research Report 2018
North America Steel Rebars Market Research Report 2018
Asia-Pacific Steel Rebars Market Research Report 2018
China Steel Rebars Market Research Report 2018
EMEA Steel Rebars Market Research Report 2018
Global Steel Rebars Market Research Report 2018
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