Steel Rebar Market Plying for Significant Growth During 2017 - 2025

Steel Rebar Market: Drivers and Restraints

Expanding construction industry globally, declining steel price, reduce wastage, minimize overlapping at joints, helps in faster infrastructure development are the primary factor driving the growth of global steel rebar market. Moreover, an advanced thermo-mechanical technology that helps in improving the quality of steel rebar, and unique features of steel rebar such as high tension, ductility, provide perfect shaped beams, and columns with accurate quantity of cover concrete are some of the prominent factors fueling the growth of steel rebar market over the forecast period.

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However, rusting of unprotected steel will reduce its strength which will further minimize the reinforced concrete strength, and the high cost of fabrication used for casting rebar concrete may limiting the growth of the steel rebar market during the forecast period.

Steel Rebar Market: Overview

Steel rebar market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well soon owing to use of steel rebar in construction to strengthen infrastructures along with minimizing the effect of stressors such as temperature, and tension. Additionally, steel is used as the finest material for reinforcement of concrete because of its expansion property, and its bond strength with concrete are the factors that can propel the market revenue growth of steel rebar in the near future.

Based on product type, deformed steel bar segment is projected to lead the global steel rebar market over the forecast period attributed to the fact that it reduces slippage in concrete along with enhancing the bond between the two materials, and have more tensile strength compared to mild steel bars. According to World Steel Association, in 2013, the per capita finish steel consumption of India was around 59 kg compared to 215 kg of globally.

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Steel Rebar Market: Region-wise Outlook

Depending on the geographic region, steel rebar market is divided into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and the Middle East & Africa. North America dominates the steel rebar market followed by Europe, and Japan is owing to developed infrastructure, and expanding imports of steel rebar or concrete reinforcing bar in the U.S, established research & development institutes, and favorable market conditions such as rebounding non-residential construction activities.

The market in Asia-Pacific is projected to have the fastest growth due to growing manufacturing industry, expanding construction technology, government initiatives to promote steel use, the rise in demand for steel rebar for concrete reinforcement, and the presence of domestic steel trades. Moreover, growing national investment, and expanding the number of high profile steel ventures and selling duty-free steel rebar products by key players in developing countries are some of the factors which are anticipated to surge the growth of steel rebar market throughout the forecast period.

Steel Rebar Market: Key Players

Some of the prominent players in the steel rebar market are Nucor Corporation, ArcelorMittal S.A., Tillos Group, Commercial Metals Corporation, Rajhi Steel Industries Co. Ltd., Gerdau Long Steel, Power Steel Co., Ltd., Akron Rebar Co., EVRAZ PLC, Zamil Steel Holding Company Ltd., Saudi Iron and Steel Company.

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material and applications.

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