Global Steel Rebar Market Is Expected To Grow At A Robust CAGR Of 6.9% During The Forecast Period 2017-2024

Press Release

Global Steel Rebar Market Overview

Steel rebar or reinforcing bars are used in reinforced concrete and reinforced masonry structures. Steel rebar is used as a tensioning device for concrete reinforcement in order to provide extra tensile strength to the reinforced concrete. Further, there are mainly two type of steel rebar which include deformed and mild rebar. Types and size of rebar varies according to the application.

Download/Request Sample Copy of Strategic Report:

Market Size & Forecast

Global steel rebar market is expected to grow at a robust compound annual growth rate (CAGR) of 6.9% during the forecast period 2017-2024. The global market is projected to reach at a valuation of about USD 223.7 Billion by the end of forecast period. Further, growing constructional activities across the globe and rising demand for high ductile reinforcement bars are some of the major factors which are likely to bolster the growth of global steel rebar market.

On the basis of regional platform, global steel rebar market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Further, Asia Pacific has been the dominating country of global market for steel rebar. Increasing infrastructure development is likely to foster the growth of Asia Pacific steel rebar market during the forecast period. Additionally, China is likely to be the major contributor to the growth of market of steel rebar in this region. China is the major producer of steels and alone has captured around 30% of steel market share in 2016.

North America is the second leading market for steel rebar. Further, the market of steel rebar in North America region is believed to grow at a robust pace owing to increasing construction activities in this region. Moreover, growing demand for steel rebar in housing, industrial and other infrastructural construction are some of the major factors which are fostering the consumption of steel rebar in Europe and Middle East & Africa regions.


Key Players

Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Nippon Steel & Sumitomo Metal Corporation
Hebei Iron & Steel Group
Wuhan Iron & Steel Group
Jiangsu Shagang
Tata Steel Group
Hyundai Steel Company
JFE Steel Corporation

Market Segmentation

Our-in depth analysis of the global steel rebar market includes the following segments:

By Product

By Finishing

Black Rebar
Epoxy Coated Rebar
Fabricated Rebar
By Application

Floor Slab
Structural Floor
Road Pavements
Box Culverts
Drainage Structures
Concrete Cannels
By Region

Global steel rebar market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Talk To Analyst for Customization of Strategic Report:

Growth Drivers & Challenges

Global market of steel rebar is primarily driven by factors such as rising construction activities and high end performance of steel rebar. Steel rebar are highly used reinforced bars due to their high end performance, and ability to withstand high tension stress. Further, such beneficial abilities of steel rebar are likely to drive the growth of global market. Steel rebar or steel reinforced bars are high ductile metals and can be deformed easily without losing their toughness. Further, rising demand for high ductile reinforced bars is also a major factor which is believed to be driving the growth of global market of steel rebar in near future.

Furthermore, steel rebar have a wide range of application including structural floor, road pavements, box culverts, drainage structures, concrete cannels and others. Growing constructional activities coupled with rising adoption of steel rebar in different constructional areas are some of the major factors driving the growth of global market of steel rebar.

However, rusting of exposed steel rebar which reduces its strength is major factor posing threat to the future market of steel rebar. Some other problems associated with steel rebar such as slight chances of reaction of concrete with steel which may cause spall or braking of rebar. Such problems with steel rebar are likely to hamper the growth of global steel rebar market in near future.

Get Full Access of This Strategic Report:

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

<<<<<Get More Trending Reports From Mining, Minerals and Metals Industry>>>>>

Embossed Stainless Steel Market
Dental Copy Milling Machines Market
Coal Winning Machine Market
Zincs Market
Zincite with Willemite Market
zinc coated sheets Market
Zinc Antimony Fang Hui Silver Market
Wulfenite Market
Wolframite Market
Willemite Market
welded link chains Market
Wear-resistant brass Market
wear corrosion resistant superalloy Market
WC-TiC-Co hard alloy Market
Vietnam Steel Sandwich Panel Market