openPR Logo
Press release

Trends of Steel Rebar Market Reviewed for 2021 with Industry Outlook to 2031

Steel Rebar Market: Snapshot
Steel Rebar, also known as reinforcing bar is widely used in the construction industry, majorly in concrete reinforcement. It serves as a tensioning device and assists to hold the concrete in a compressed state. Concrete can carry a heavy load for compression but is very weak in tension. To allow concrete to carry tensile load, steel rebar is used. Steel rebar is commonly used for concrete construction its thermal co-efficient value is close to the thermal co-efficient value of concrete.
Deformed steel bars, a type of steel rebar, have ribs, lugs, or deformity on the bar surface. These steel bars bind two materials strongly, limit cracks in concrete, avoid slippage and have higher tensile strength than mild steel rebar. Mild steel rebar is used to support the tensile stress of slab beams.
Request A Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23798
Steel rebar is a cost-effective product that could be used for concrete masonry and concrete reinforcement. Conversely, aluminum is an expensive with less tensile strength alternative for the same applications. However, steel rebar comes with several drawbacks. In the production of steel, various types of wastes are discharged in water which can cause water pollution. Its manufacturing also releases CO2 causing greenhouse effect. It is also responsible for emission of hazardous gases such as nitrogen oxide and sulfur oxide in the air, causing air pollution. The corrosion tendency of steel leads to deterioration of constructions where rebar is used. While these drawbacks will continue posing threat, increasing construction activities worldwide, especially in emerging nations, will keep the demand for steel rebar high in the coming years.
Steel rebar, commonly known as steel reinforcement or reinforced bar, is a steel bar or a mesh of steel wires used in concrete constructions and concrete masonry as a tension device in order to provide support to concrete structures. Concrete exhibits high strength when compressed, but is equally weak under tension. Steel rebar acts as the tensioning device, thus providing strength to concrete structures. It makes these structures stable under strength and tension. Steel is used in concrete reinforcement as it offers high tensile strength and has a thermal co-efficient value, which is close to the thermal co-efficient value of concrete. Furthermore, it is one of the cheaper options that can be used for concrete reinforcement and concrete masonry. Aluminum is a costlier substitute for steel with less tensile strength. However, steel rebar has several disadvantages. These include the corrosion tendency of ferrous materials. This leads to intrinsic deterioration of structures where steel is used. Production of steel adversely affects the environment. For instance, it leads to emission of hazardous gases such as carbon oxides, sulfur oxide, and nitrogen oxide in air. It also is responsible for emission of CO2, thus leading to the greenhouse effect. Production of steel results in discharge of wastes into water, thereby leading to water contamination. The steel rebar market has been expanding due to the rapid infrastructure development, especially in housing, commercial, and industrial infrastructure, in developing nations. The market for steel rebar is expected to expand significantly in the next few years owing to the rapid industrialization in developing nations. There exists a need for substitutes for steel rebar considering its various disadvantages. Some substitutes such as basalt rebar and fiber reinforced polymer are eco- friendly and possess high tensile strength. These substitutes are anticipated to seize some share of the steel rebar market due to the environmental and corrosive effects of steel. Basalt rebar possesses numerous advantages over steel rebar and also has thermal co-efficient almost equal to that of concrete. The industry is experiencing continuous innovations and advancements due to the rapid technological advancements and high end applications of steel rebar. The newer grades that are being introduced are Fe-500, Fe-550, and Fe-500D. Similarly, in terms of application, a newer range of steel rebar that is corrosion resistant, epoxy coated, and earthquake resistant is being used increasingly in applications than the conventional rebar.
Purchase A Report- https://www.transparencymarketresearch.com/checkout.php?rep_id=23798<ype=S
Based on application at the site of work, the steel rebar market can be segmented into mild steel bars and deformed steel bars. Mild steel bars are used to support the tensile stress of slab beams. Deformed steel bars come with deformity or lugs or ribs on the bar surface. It has higher tensile strength as compared to the mild steel rebar and avoids slippage, limits cracks in concrete, and also binds two materials strongly.
Based on its finish, the steel rebar market can be divided into black rebar, epoxy coated rebar, and fabricated rebar. The use of these finishes depends on the environmental conditions that the bars are subjected to. Black rebar is a conventional uncoated rebar used at sites with minimum exposure to moisture, with minimum chances of catching rust or corrosion. Epoxy rebar is usually found in marine applications where there is a high chance of corrosion due to water. Black rebar is the preferred rebar is widely used owing to its cost effectiveness.
In terms of end-use industry, the steel rebar market can be segregated into construction and infrastructure, manufacturing, and oil & gas industry. The construction and infrastructure sector dominates the steel rebar market. The segment is expected to expand during the forecast period due to the rapid development and industrialization in developing countries such as China and India. This is anticipated to result in real estate and infrastructural developments.
In terms of geography, the global steel rebar market can be segmented into Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. The market for steel rebar is dominated by North America owing to the large number of construction activities in the region. Asia Pacific is also a key consumer if steel rebar, led by the rapid industrial and infrastructural development in developing countries such as India and China. This results in the need for steel rebar for housing, industrial construction, and other infrastructural construction. Consumption of steel rebar has increased significantly in Asia Pacific. Europe and Middle East & Africa are the other major consumers of steel rebar.
Major players operating in the global steel rebar market include Arcelor Mittal, Saudi Iron & Steel Co., Tata Steel, and Zamil Steel Holding.
The steel rebar market is expected to expand significantly in North America and developing countries in Asia Pacific due to its cost effectiveness and increase in construction and infrastructure development activities in these regions.

Contact

Transparency Market Research

State Tower,

90 State Street,

Suite 700,

Albany NY - 12207

United States

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision

This release was published on openPR.

Permanent link to this press release:

Copy
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 Trends of Steel Rebar Market Reviewed for 2021 with Industry Outlook to 2031 here

News-ID: 2394496 • Views: 279

More Releases from Transparency Market Research

Exclusive Strategic Report on Centrifugal Fan Wheels Market to Eclipse USD 500 M …
COVID-safe Ventilation Prevents Disease Transmission in Buildings, Workplaces As coronavirus restrictions are being relaxed in countries such as China, Australia, Israel, and New Zealand, there is a need for COVID-safe ventilation at workplaces and factories as staff and other individuals return to work. Apart from focusing on essential industries including power generation, oil & gas, and steel sectors, companies in the global centrifugal fan wheels market are diversifying their products and
Future Analysis and Scope of Ammonium Sulfate Market to Drive Huge Growth betwee …
Companies Ensure Business Continuity in Fertilizer Supply during COVID-19 Pandemic Although most companies are facing a slowdown in business activities, companies in the India ammonium sulfate market such as the Fertilisers and Chemicals Travancore Limited or FACT have administered record profit despite the COVID-19 pandemic. Such findings are grabbing the attention of Indian manufacturers who are increasing efforts to ensure business continuity in fertilizer supply and additive supply. As such, third
Analysis on the Global Performance Minerals Additives Market (2020-2024) by Usag …
Mission-critical Projects in Packaging Create Business Opportunities during COVID-19 Crisis The coronavirus pandemic has affected almost all end markets, whilst not sparing the performance minerals additives market. Performance minerals additives are virtually found in all applications of construction, packaging, and automotive industries. However, the growth of these industries is affecting the performance minerals additives market. In order to stay afloat during the COVID-19 outbreak, manufacturers are focusing on essential industries such
Revenue Growth of the Cyclic Olefin Copolymers Market to be Influenced by Growin …
COC Proving Better Alternative to PC, PMMA Cyclic olefin copolymers (COC) are high-temperature polymers with exceptional optical properties, reliable chemical and heat resistance, and superior dimensional stability. Since its introduction decades ago, it has become a popularly used material in medical and packaging applications. The remarkably high purity and distinct properties of COC have made it the dominant material in advanced diagnostic and microfluidic utilization. The use of cyclic olefin copolymers

All 5 Releases


More Releases for Steel

Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionals
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 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
Structural Steel Pipe Market 2017 - O'Neal Steel, Metalcorp Steel, Totten Tubes, …
Market Reports.biz, recently published a detailed market research study focused on the "Structural Steel Pipe Market" across the global, regional and country level. The report provides 360° analysis of "Structural Steel Pipe 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 Structural Steel Pipe industry, and estimates the future trend of
Global Automotive Tool Steel Market 2017 : Qilu Special Steel, Fushun Special St …
A market study based on the "Automotive Tool Steel Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Automotive Tool Steel Market 2017’. The research report analyses the historical as well as present performance of the worldwide Automotive Tool Steel industry, and makes predictions on the future status of Automotive Tool Steel market on the basis of this analysis. Get Free Sample Copy of Report