Press release
Steel Rebar Market Analysis, Applications, Trends & Forecast 2018 – 2024
North America Steel Rebar Market, By Application, 2013-2024, (Million Tons)
Increasing infrastructural development to build & remodel homes will drive steel rebar market growth. Rising demand from real estate projects due to increased population will support product penetration. As per National Association of Home Builders, the U.S home building and remodeling investment accounted for over 3% share of GDP in 2017.
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Higher investment in housing projects owing to improved lifestyle and rising disposable income will drive product demand. Positive government support by facilitating subsidies and implementing new construction laws will propel construction industry. Rising awareness regarding construction of earthquake resistant structures will augment steel rebar market size.
Public infrastructure application estimated to hold over 60% market share in 2016. Increasing necessity to build and upgrade existing transport or energy infrastructure will boost product demand. For instance, UK government announced to invest over USD 15 million to strengthen its transport sector. In addition, rapid construction of commercial buildings, malls, and sports complexes will influence industry size.
Industrial sector expansion supported by positive FDI policies will propel product penetration. Upsurge in public & private investment to strengthen existing industrial infrastructure and setting up new production facilities will drive steel rebar market growth.
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Asia Pacific steel rebar market will witness 5% growth over the forecast period. As per industry experts, Malaysia, Philippines and Indonesia are anticipated to invest heavily in new infrastructure projects, supported by public & private investment. Rising income level coupled with affordable housing loans will augment demand for new residential buildings. Increasing urbanization rate and demand for sustainable buildings will further drive regional growth.
Deformed steel rebar market is expected to witness growth over 4.5% up to 2024. Strong application outlook for constructing bridges, roads, floor slabs and columns will propel segment growth. Key properties such as better corrosion resistance, high durability and tensile strength are stimulating product demand.
Electric arc furnace estimated to surpass 180 million tons by 2024. Rising awareness associated with waste generation & disposal during processing likely to propel electric arc furnace process adoption rate. Factors such as quality control, low cost processing and environmental concern are expected to propel market growth.
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Europe steel rebar market accounted over 15% market share in 2016. Increased government spending to strengthen transport infrastructure will drive product demand. For instance, Slovakia is anticipated to invest USD 4 billion for transport infrastructure investments, of which USD 1.7 billion allocated for road construction projects. Furthermore, renovation of existing schools, hospitals, and hotel chains will propel product market size.
Key industry players are ArcelorMittal, Acerinox, Essar, Nippon & Sumitomo Metal Corporation, Gerdau, Tata, Jindal, Commercial Metals Company and SAIL. Other prominent industry players are Daido, Hyundai, NJR, Kobe and Byer. Manufacturers are anticipated to adopt merger & acquisition strategy to gain competitive advantage. For instance, Commercial Metals Company acquired U.S. steel rebar mills and fabrication assets from Gerdau valued USD 600 million to enhance market share.
Chapter 3. Steel Rebar Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
3.4. Technology landscape
3.5. Raw material analysis
3.6. Global steel industry overview
3.7. Industry best practices & key buying criteria
3.8. Regulatory landscape
3.8.4. China
3.9. Pricing analysis
3.10. Industry impact forces
3.11. Innovation & sustainability
3.12. Growth potential analysis
3.13. Competitive landscape, 2016
3.14. Porter's analysis
3.15. PESTEL analysis
Chapter 4. Steel Rebar Market, By Product
4.1. Global steel rebar market share by product, 2016 & 2024
4.2. Deformed
4.3. Mild
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