The global Steel Rebar market stood at approximately 284 million tonnes in 2023 and is anticipated to grow at a CAGR of 4.45% during the forecast period until 2034.
The steel rebar, essential in constructing concrete structures, boasts numerous advantages contributing to its reliability in structural applications. Often used for support in columns, foundations, and walls, its unassuming tubular design with ribbed patterns enhances impact resistance. Notably, its ductility surpasses that of concrete, crucial for withstanding deformation without breakage. Steel rebar stands out as an ideal reinforcement material for concrete structures due to its remarkable bending capability. Its high impact resistance, minimized spalling joints, and long-term durability are just a few of the benefits it offers. The exceptional bending ability of steel rebar makes it well-suited for reinforcing concrete, providing structural integrity and resilience against external forces. Additionally, its high impact resistance ensures enhanced protection against damage, while reduced spalling joints contribute to the structural integrity of concrete elements. Furthermore, the long-term durability of steel rebar ensures the longevity and stability of concrete structures, making it a preferred choice for construction projects requiring reliable reinforcement.
Steel rebar market trends indicate that the growth of the construction sector in emerging economies will be a major driver. The expansion of the construction industry in these regions, fuelled by population growth, urbanization, and infrastructural development, will lead to increased demand for steel rebar. Emerging economies such as India, China, Brazil, and Russia exhibit large populations and rapid economic growth, driving the need for new structures, residential buildings, and infrastructure projects, all of which require significant quantities of steel rebar. Consequently, the steel rebar market is expected to experience substantial growth in these emerging economies. Additionally, investments in infrastructure projects, particularly in transportation systems like roads, railways, and airports, further contribute to the rising demand for steel rebar. Moreover, the shift towards environmentally friendly construction practices is boosting the demand for steel rebar due to its recyclable nature, aligning with sustainable building methods. As a result, the steel rebar market is projected to expand significantly in the coming years, driven by the increasing demand for eco-friendly building materials and the ongoing infrastructure development in emerging economies. The global Steel Rebar market is likely to reach approximately 460 million tonnes in 2034.
Asia Pacific establishes its dominance in the steel rebar market due to several pivotal factors. Firstly, the region's rapid urbanization and industrialization fuel substantial demand for steel rebar in construction projects, including infrastructure development, residential buildings, and commercial structures. Additionally, the burgeoning construction sector, particularly in emerging economies like China and India, propels significant consumption of steel rebar. Moreover, Asia Pacific's robust economic growth, supportive government policies, and infrastructure investments further stimulate market growth. Furthermore, the region's large population and rising urbanization rates drive construction activities, reinforcing the demand for steel rebar. Additionally, technological advancements in steel production processes and the adoption of innovative construction techniques contribute to market expansion.
Based on the end-use, the global Steel Rebar market is divided into Non-Residential Construction, Residential Construction, and Others. Among these, Non-Residential Construction sector is the major segment and held about 54% of the global Steel Rebar market in 2023.
Significant players in the Global Steel Rebar market are ArcelorMittal, Celsa Steel (UK) Ltd, Contractors Materials Company (CMC), Daido Steel Co., Ltd., Essar, Gerdau S/A, HYUNDAI STEEL, JFE Steel Corporation, Jiangsu Shagang Group, KOBE STEEL, LTD., Mechel, NIPPON STEEL CORPORATION, Nucor Corporation, SAIL, Sohar Steel Group, Tata Steel. and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study
:
• To assess the demand-supply scenario of Steel Rebar which covers production, demand and supply of Steel Rebar market in the globe.
• To analyse and forecast the market size of Steel Rebar
• To classify and forecast Global Steel Rebar market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Steel Rebar market in the globe.
To extract data for Global Steel Rebar market, primary research surveys were conducted with Steel Rebar manufacturers, suppliers, distributors, wholesalers and traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Steel Rebar market over the coming years.
ChemAnalyst calculated Steel Rebar demand across the globe by analyzing the volume of Steel Rebar consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Steel Rebar manufacturers and other stakeholders
• Organizations, forums and alliances related to Steel Rebar distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Steel Rebar manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Steel Rebar market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
284 million tonnes
Market size Volume in 2034
460 million tonnes
Growth Rate
CAGR of 4.45% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade.
Segments covered
By End-Use: (Non-Residential Construction, Residential Construction, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Steel Rebar market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Steel Rebar.
3. Capacity By Location
To better understand the regional supply of Steel Rebar by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Steel Rebar by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-use (Non-Residential Construction, Residential Construction, and Others) are creating a market and the forecast for the growth of the Steel Rebar market.
7. Demand by Region
Analyzing the change in demand of Steel Rebar in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Steel Rebar. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Steel Rebar.
10. Company Share
Figure out what proportion of the market share of Steel Rebar is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Steel Rebar.
12. Country-wise Export
Get details about quantity of Steel Rebar exported by major countries.
13. Country-wise Import
Get details about quantity of Steel Rebar imported by major countries.
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What was the net market size of Steel Rebar in terms of volume in 2023?
Ans:
The global market size of Steel Rebar has reached approximately 284 million tonnes in 2023.
Q2.
Which region is the leading consumer of Steel Rebar?
Ans:
The Asia Pacific region is the leading consumer of Steel Rebar globally.
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