Steel Rebar Market – Global Industry Analysis and Forecast to 2024
Request for a sample copy of this report @
Rapid construction of highways, bridges & buildings, and public utilities owing to shifting economic and demographic trends will drive steel rebar market Increasing smart city projects financed by public-private partnership will propel product application scope. As per industry estimates, global infrastructural spending was over USD 4.5 trillion in 2016.
Global steel rebar market share is competitive in nature. Key industry participants are:
• Nippon & Sumitomo Metal Corporation
• Tata Steel
• Essar Steel
• Jindal Steel & Power Ltd.
Presence of key manufactures such as Tata Steel, SAIL, Essar Steel and Jindal Steel & Power Ltd. will also play a key role in promoting regional industry growth. Manufacturers are anticipated to upgrade existing production capacity and adopt new solution through extensive R&D to attain competitive advantage.
Steel Rebar Market by Application:
• Residential buildings
• Public infrastructure
Public infrastructure estimated to witness CAGR over 4.5% up to 2024. Increasing necessity to build and upgrade bridges, roads, government institutions, airports, water treatment infrastructure and rail services fueling product demand. Changing consumer trends and rising disposable income will drive the construction of new commercial buildings, shopping malls, and sports complexes over the projected timeframe.
Residential building application witnessed demand over 95 million tons in 2016. Surge in public-private partnership projects will provide lucrative business opportunities for manufactures. Increasing government spending on construction of smart cities will drive steel rebar market growth. Emerging economies such as India, China, Japan and South Korea expected to invest in smart city projects over the forecast period. For instance, Indian government is expected to invest USD 15 billion for development of 100 cities in coming years.
Make an Inquiry for Purchasing this Report @
Steel Rebars Industry by Product:
Deformed steel rebar dominated the overall industry and expected to witness growth over 4.5% up to 2024. Key properties such as minimum slippage and improved mechanical anchoring supporting product penetration. Increasing demand for reinforced concrete cages, columns, slabs, prefabricated beams, will foster industry growth. Strong application outlook to refurbish old structures will propel steel rebar market.
Steel Rebar Market by Process:
• Basic oxygen steelmaking
• Electric arc furnace
Electric arc operations accounted for over 40% of the overall industry demand in 2016. Rising carbon and alloy steels production by recycling ferrous scrap fostering the segment growth. Factor such as quality control, reduced costs, low CO2 emission and better energy savings potential will support steel rebar market growth. Globally, increasing demand for finished structural products and falling scrap prices are expected to further influence segment growth.
Browse Report Summery @
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Steel Rebar Market – Global Industry Analysis and Forecast to 2024 here
News-ID: 1802325 • Views: 198
More Releases from Global Market Insights Inc.
Linear Low Density Polyethylene (LLDPE) Market 2019: Trends, Application Analysi …
Europe has been a prevalent automobile market globally with major OEM and other automotive suppliers based in Sweden, Germany etc. The region is likely to observe rise in meat packaging, telecommunication, automobile, and electronics industries in the coming years. North America Linear low density polyethylene market will have a share over USD 7.5 billion by 2024. The regional market is led by U.S., having an established web of pharmaceutical companies. These
AWP Rental Market Current Trends Analysis and Growth Projection over 2019 – 20 …
The emerging trend of the contractors toward renting of the equipment is due to the inherent flexibility that makes AWP the perfect rental equipment. The access AWP rental market is showing a continuous upward trajectory and is expected to witness growth owing to the increased consumer spending followed by growing commercial activities. The increased government investments in infrastructural activities have provided the potential for the increased growth of the AWP
U.S. Recreational Boating Market Analysis 2019 Focusing on Growth Drivers
U.S. recreational boating market is propelled by Rising customer spending for leisure activities and nautical tourism. The escalating participation in water sports activities across the country including canoeing, kayaking, fishing, etc. is strengthening the business size over the projected time frame. Active support from the government to promote excursion boating will positively influence the U.S. recreational boating market growth. Introduction of multiple incentives such as the Boating Infrastructure Grant by the
Global automotive switch market to witness significant growth by 2025
A report by Global Market Insights, Inc., states that North America automotive switch market is expected to have a significant growth over the projected period. This can be attributed to the increasing vehicle manufacturing facilities in Mexico owing to the lower production cost and cheap labor, pushing the production volume in this region and driving the industry growth. The luxury vehicle manufacturers are including screen touch panels in their cars for
More Releases for Steel
Steel Market Is Thriving Worldwide | Shaaban Steel, Zamil Steel Holding
A new research study from HTF MI with title Global Steel Industry Market Research Report provides an in-depth assessment of the Steel including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Steel investments till 2022. Access Sample Copy @: https://www.htfmarketreport.com/sample-report/1759094-global-steel-industry-market If you are involved in the Steel industry or intend to be, then this study will provide you
Global Lamination Steel Market 2019 - JFE Steel, Waelzholz, Toyota Tsusho, Tata …
A recent study titled Global Lamination Steel Market 2019 report by Apex Market Research provides fresh insights into the market including competitive landscape, Lamination Steel manufacturing technology, demand drivers, top players and technological foundations. The Global Lamination Steel Market 2019 report includes every aspect of the Lamination Steel industry along with the progress performance. It evaluates the past and current Lamination Steel market values as well as pristine study of
Global Steel Billet Market 2018 - Rizhao Steel, Fangda Steel, EVRAZ, MMK, Baotou …
Apex Market Reports, recently published a detailed market research study focused on the “Steel Billet Market” across the global, regional and country level. The report provides 360° analysis of “Steel Billet Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Steel Billet on
Global Mild Steel Angles Market Study 2018-2023 Nucor Steel, Angang Steel, NJR S …
A market study "Global Mild Steel Angles Market" examines the performance of the Mild Steel Angles market 2018. It encloses an in-depth Research of the Mild Steel Angles market state and the competitive landscape globally. This report analyzes the potential of Mild Steel Angles market in the present and the future prospects from various angles in detail. The Global Mild Steel Angles Market 2018 report includes Mild Steel Angles market Revenue,
Global Structural Steel Pipe Market Forecast 2018-2025 JFE Steel, Metalcorp Stee …
QYMarketStudy include new market study "Global Structural Steel Pipe Market" examines the performance of the Structural Steel Pipe market 2018. It encloses an in-depth Research of the Structural Steel Pipe market state and the competitive landscape globally. This report analyzes the potential of Structural Steel Pipe market in the present and the future prospects from various angles in detail. Global Top Manufacturers Analysis such as Omega Steel, JFE Steel Corporation, O'Neal
Global Lamination Steel Market 2018 - JFE Steel, Waelzholz, Toyota Tsusho, Tata …
Apex Market Reports, recently published a detailed market research study focused on the “Lamination Steel Market” across the global, regional and country level. The report provides 360° analysis of “Lamination Steel Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Lamination Steel on