Steel Rebar Market Growth Accelerates: Strategic Forecast Predicts $353.53 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Steel Rebar Industry Market Size Be by 2025?
Recent years have witnessed robust growth in the steel rebar market size. The market, which was valued at $257.3 billion in 2024, is projected to reach $271.5 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.5%. Factors contributing to the growth during the historic period include the expansion of infrastructure and construction projects, increasing population and urbanization trends, government investments in construction, the need for resilience and strength in construction activities, along with global economic growth and industrialization.

What's the Long-Term Growth Forecast for the Steel Rebar Market Size Through 2029?
There is a prediction for a substantial rise in the steel rebar market in the upcoming years, with expectations to reach "$353.53 billion by 2029, boasting a compound annual growth rate (CAGR) of 6.8%. This projected development in the incoming years can be credited to factors like renewable energy infrastructure projects, the advent of smart cities, and the embrace of sustainable construction methods, an increased need for high-strength rebar, global resurgence following the COVID-19 pandemic, and the development of transportation infrastructure. Key trends expected within this period range from advancements in sustainable steel production, technological leaps forward in steel manufacturing, the commitment to eco-friendly and sustainable operations, implementation of microalloying technology to improve performance, market growth in emerging economies, to firm quality controls and adherence to regulations.

View the full report here:
https://www.thebusinessresearchcompany.com/report/steel-rebar-global-market-report

What Are the Key Growth Drivers Fueling the Steel Rebar Market Expansion?
The surge in construction activities worldwide is significantly driving the expansion of the steel rebar market. The term 'construction activities' pertains to a business and manufacturing sector that is involved in constructing, preserving, and repairing various types of infrastructure. Steel rebars are integral to construction activities as they reinforce and support concrete structures under tension, hence the increase in construction projects will boost the market for steel rebars. For example, a report put forth by the Bureau of Economic Analysis (BEA), a United States government agency that presents authoritative macroeconomic and industry statistics, stated that the US construction sector grew by 5.21% escalating from $1.916 trillion in Q1 2021 to $2.016 trillion in Q1 2022. Consequently, the escalating construction activities worldwide will fuel the growth of the steel rebar market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10086&type=smp

What Are the Key Trends Driving Steel Rebar Market Growth?
Product advancement is the leading trend that's capturing attention in the steel rebar sector. Large enterprises active in this market are aiming to introduce new rebar composed of steel with enhanced mechanical and metallurgical attributes to broaden their application range. To illustrate, GPH Ispat Limited, a steel manufacturing firm from Bangladesh, unveiled its GPH Quantum B600D-R steel rebar in March 2023, which represents a high-grade steel rebar variant. This advanced, higher-grade rebar has the potential to lower construction expenses, expand floor spaces, and amplify the building's capability to bear substantial, sustained loads.

How Is the Steel Rebar Market Segmented?
The steel rebar market covered in this report is segmented -

1) By Product: Deformed, Mild
2) By Process: Basic Oxygen Steelmaking, Electric Arc Furnace
3) By Application: Residential Buildings, Public Infrastructure, Industrial
4) By End-Use Industry: Construction And Infrastructure, Manufacturing, Oil And Gas

Subsegments:
1) By Deformed: Hot Rolled Deformed Rebar, Cold Worked Deformed Rebar
2) By Mild: Mild Steel Rebar

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=10086&type=smp

Which Companies Are Leading the Charge in Steel Rebar Market Innovation?
Major companies operating in the steel rebar market include ArcelorMittal S.A., CELSA Steel UK Ltd., Commercial Metal Company, Daido Steel Co. Ltd., Gerdau S.A., Hyundai Steel Co. Ltd., Nippon Steel Corporation, Nucor Corporation, Steel Authority of India Limited, Jiangsu Shagang Group Company Limited, Steel Dynamics Inc., Tata Steel Limited, Jindal Steel & Power Ltd., The Conco Companies Inc., Barnes Reinforcing Industries Inc., Outokumpu Oyj, Novolipetsk Steel, Sohar Steel Group LLC, Mechel PAO, Acerinox S.A., Posco SS Vina Co. Ltd., Emirates Steel Industries PJSC, Qatar Steel Company, JFE Holdings Inc., KOBE STEEL LTD., Infra-Metals Co., A-1 Alloys Inc., Delta Steel Inc., Admiral Steel LLC, Eastern Steel Corporation, Addison Building Materials Inc.

Which Regions Are Leading the Global Steel Rebar Market in Revenue?
Asia-Pacific was the largest region in the steel rebar market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global steel rebar market report during the forecast period. The regions covered in the steel rebar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10086

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.