Steel Rebar Market Growth, Trends, Share, Size, Revenue, Scope and Future Opportunities Till 2033
Steel Rebar Market Size- By Type, By Coating Type, By Bar Size Type, By Process Type, By End Use Sector - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2023 | Report ID: CHEM2317 | Pages: 1 - 223 | Formats*: |
| Category : Chemical & Materials | |||
Steel Rebar Market Introduction and Overview
According to SPER Market Research, the Global Steel Rebar Market is estimated to reach USD 370.97 billion by 2033 with a CAGR of 4.89%.
The report includes an in-depth analysis of the Global Steel Rebar Market, including market size and trends, product mix, distribution channels, and supplier analysis. A steel reinforcing bar, or rebar, is a tensioning element used to strengthen concrete in the construction industry. Steel rebar, a flexible building element, holds and strengthens compressed concrete. reinforcing concrete is a complicated material composed of concrete plus some type of reinforcing technology. Despite its great density, concrete does not have the same tensile strength as steel.
- December 2021: The Nucor Corporation announced the approval of the building of a rebar micro mill with spooling capabilities in the South Atlantic area. The new micro mill's CAPEX expenditure is USD 350 million. It is projected to have a yearly output of 430,000 tonnes.
- Globalization and International Trade: The globalization of trade and increased cross-border investments in infrastructure projects contribute to the growth of the steel rebar market. Infrastructure projects that involve steel rebar often require the import or export of the material, leading to increased market demand.
Market Opportunities and Challenges
One of the most important market opportunities for the steel rebar industry lies in the infrastructure development initiatives undertaken by various countries. As nations invest in the construction of buildings, bridges, roads, and other civil engineering projects, the demand for steel rebar is expected to increase. Emerging economies, in particular, present significant growth potential as they undergo rapid urbanization and industrialization. Capitalizing on these infrastructure development projects by providing high-quality steel rebar and establishing strong partnerships with construction companies can lead to substantial growth and market expansion opportunities.
Volatility in raw material prices is a major challenge faced by this steel industry. The production of steel rebar requires iron ore and scrap metal, both of which are subject to price fluctuations influenced by global supply and demand dynamics. Sudden spikes in raw material prices can significantly impact production costs, making it challenging for manufacturers to maintain stable pricing and profitability. To mitigate this challenge, steel rebar manufacturers need to carefully manage their procurement strategies, explore alternative sources of raw materials, and establish long-term contracts with reliable suppliers to ensure a steady supply at competitive prices.
Market Competitive Landscape
The global market is fragmented, with established as well as small-scale competitors present worldwide. Established firms compete with smaller competitors through different techniques such as capacity expansions, mergers and acquisitions, product innovation, and joint ventures. The key players in the global Steel Rebar market include ArcelorMittal, Celsa Steel (UK) Ltd., Daido Steel Co., Ltd., Essar Steel, Gerdau SA, HYUNDAI STEEL, JFE Steel Corporation, Jiangsu Shagang Group Co., Ltd., KOBE STEEL, LTD., Mechel PAO, Nippon Steel Corporation, NLMK Group, Nucor Corporation, SAIL, Sohar Steel Group, Steel Dynamics, Inc., Tata Steel Limited, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Coating Type, By Bar Size Type, By Process Type, By End Use Sector |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | ArcelorMittal, Celsa Steel (UK) Ltd., Commercial Metals Company, Contractors Materials Company, Daido Steel Co., Ltd., Essar Steel, Gerdau SA, HYUNDAI STEEL, JFE Steel Corporation, Jiangsu Shagang Group Co., Ltd., KOBE STEEL, LTD., Mechel PAO, Nippon Steel Corporation, NLMK Group, Nucor Corporation, SAIL, Sohar Steel Group, Steel Dynamics, Inc., Tata Steel Limited, Others |
COVID-19 Impact on Global Steel Rebar Market
The COVID-19 pandemic has caused significant fluctuations in steel prices, initially declining due to reduced demand and excess supply but later recovering as economic activities resumed. Market dynamics within the steel industry have shifted, with challenges in securing steel supplies due to disruptions in international trade leading to increased efforts towards self-sufficiency and localization of steel production. Government support and stimulus packages aimed at reviving economies have increased infrastructure spending, potentially driving long-term demand for steel rebars. Additionally, the implementation of health and safety protocols in construction sites and manufacturing facilities has incurred additional costs for steel rebar manufacturers, potentially impacting their profitability and efficiency.
Key Target Audience:
- Construction Companies
- Infrastructure Developers
- Architects and Engineers
- Government Organizations
- Distributors and Suppliers
- Contractors and Subcontractors
- Real Estate Developers
- Industry Associations and Trade Organizations
- Investors and Financial Institutions
- Research and Development Institutions
Our in-depth analysis of the Steel Rebar Market includes the following segments:
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Key Topics Covered in the Report:
- Global Steel Rebar Market Size (FY’2023-FY’2033)
- Overview of Global Steel Rebar Market
- Segmentation of Global Steel Rebar Market By Type (Deformed, Mild)
- Segmentation of Global Steel Rebar Market By Coating Type (Plain Carbon Steel Rebar, Galvanized Steel Rebar, Epoxy Coated Steel Rebar)
- Segmentation of Global Steel Rebar Market By Bar Size Type (#3 Bar size, #4 Bar size, #5 Bar size, #8 Bar size, Others)
- Segmentation of Global Steel Rebar Market By Process Type (Basic Oxygen Steelmaking, Electric Arc Furnace)
- Segmentation of Global Steel Rebar Market By End Use Sector (Infrastructure, Residential, Industrial)
- Statistical Snap of Global Steel Rebar Market
- Expansion Analysis of Global Steel Rebar Market
- Problems and Obstacles in Global Steel Rebar Market
- Competitive Landscape in the Global Steel Rebar Market
- Impact of COVID-19 and Demonetization on Global Steel Rebar Market
- Details on Current Investment in Global Steel Rebar Market
- Competitive Analysis of Global Steel Rebar Market
- Prominent Players in the Global Steel Rebar Market
- SWOT Analysis of Global Steel Rebar Market
- Global Steel Rebar Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Steel Rebar Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Steel Rebar Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Steel Rebar Market
7. Global Steel Rebar Market, By Type (USD Million)
7.1. Global Steel Rebar Market Value Share and Forecast, By Type, 2023-20337.2. Deformed7.3. Mild
8. Global Steel Rebar Market, By Coating Type (USD Million)
8.1. Global Steel Rebar Market Value Share and Forecast, By Coating Type, 2023-20338.2. Plain Carbon Steel Rebar8.3. Galvanized Steel Rebar8.4. Epoxy Coated Steel Rebar
9. Global Steel Rebar Market, By Bar Size Type (USD Million)
9.1. Global Steel Rebar Market Value Share and Forecast, By Bar Size Type, 2023-20339.2. #3 Bar size9.3. #4 Bar size9.4. #5 Bar size9.5. #8 Bar size9.6. Others
10. Global Steel Rebar Market, By Process Type (USD Million)
10.1. Global Steel Rebar Market Value Share and Forecast, By Process Type, 2023-203310.2. Basic Oxygen Steelmaking10.3. Electric Arc Furnace
11. Global Steel Rebar Market, By End Use Sector (USD Million)
11.1. Global Steel Rebar Market Value Share and Forecast, By End Use Sector, 2023-203311.2. Infrastructure11.3. Residential11.4. Industrial
12. Global Steel Rebar Market Forecast, 2019-2033 (USD Million)
12.1. Global Steel Rebar Market Size and Market Share
13. Global Steel Rebar Market, By Type, 2019-2033 (USD Million)
13.1. Global Steel Rebar Market Size and Market Share By Type (2019-2026)13.2. Global Steel Rebar Market Size and Market Share By Type (2027-2033)
14. Global Steel Rebar Market, By Coating Type, 2019-2033 (USD Million)
14.1. Global Steel Rebar Market Size and Market Share By Coating Type (2019-2026)14.2. Global Steel Rebar Market Size and Market Share By Coating Type (2027-2033)
15. Global Steel Rebar Market, By Bar Size Type, 2019-2033 (USD Million)
15.1. Global Steel Rebar Market Size and Market Share By Bar Size Type (2019-2026)15.2. Global Steel Rebar Market Size and Market Share By Bar Size Type (2027-2033)
16. Global Steel Rebar Market, By Process Type, 2019-2033 (USD Million)
16.1. Global Steel Rebar Market Size and Market Share By Process Type (2019-2026)16.2. Global Steel Rebar Market Size and Market Share By Process Type (2027-2033)
17. Global Steel Rebar Market, By End Use Sector, 2019-2033 (USD Million)
17.1. Global Steel Rebar Market Size and Market Share By End Use Sector (2019-2026)17.2. Global Steel Rebar Market Size and Market Share By End Use Sector (2027-2033)
18. Global Steel Rebar Market, By Region, 2019-2033 (USD Million)
18.1. Global Steel Rebar Market Size and Market Share By Region (2019-2026)18.2. Global Steel Rebar Market Size and Market Share By Region (2027-2033)18.3. Asia-Pacific18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific18.4. Europe18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe18.5. Middle East and Africa18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa18.6. North America18.6.1. Canada18.6.2. Mexico18.6.3. United States18.7. Latin America18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. ArcelorMittal19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Celsa Steel (UK) Ltd.19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Commercial Metals Company19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Contractors Materials Company19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Daido Steel Co., Ltd.19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Essar Steel19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Gerdau SA19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. HYUNDAI STEEL19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. JFE Steel Corporation19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. Jiangsu Shagang Group Co., Ltd.19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments19.11. KOBE STEEL, LTD.19.11.1. Company details19.11.2. Financial outlook19.11.3. Product summary19.11.4. Recent developments19.12. Mechel PAO19.12.1. Company details19.12.2. Financial outlook19.12.3. Product summary19.12.4. Recent developments19.13. Nippon Steel Corporation19.13.1. Company details19.13.2. Financial outlook19.13.3. Product summary19.13.4. Recent developments19.14. NLMK Group19.14.1. Company details19.14.2. Financial outlook19.14.3. Product summary19.14.4. Recent developments19.15. Nucor Corporation19.15.1. Company details19.15.2. Financial outlook19.15.3. Product summary19.15.4. Recent developments19.16. SAIL (Steel Authority of India Limited)19.16.1. Company details19.16.2. Financial outlook19.16.3. Product summary19.16.4. Recent developments19.17. Sohar Steel Group19.17.1. Company details19.17.2. Financial outlook19.17.3. Product summary19.17.4. Recent developments19.18. Steel Dynamics, Inc.19.18.1. Company details19.18.2. Financial outlook19.18.3. Product summary19.18.4. Recent developments19.19. Tata Steel Limited19.19.1. Company details19.19.2. Financial outlook19.19.3. Product summary19.19.4. Recent developments19.20. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The North America region is anticipated to have the highest market share in Steel Rebar Market.
Steel Rebar Market is projected to reach USD 370.97 billion by 2032, growing at a CAGR of 4.89% during the forecast period.
Steel Rebar Market grew in market size from 2021. The Market is expected to reach USD 370.97 billion by 2033, at a CAGR of 4.89% during the forecast period.
Steel Rebar Market CAGR of 4.89% during the forecast period.
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Steel Rebar Market size is USD 370.97 billion from 2023 to 2033.
Steel Rebar Market Segment is Covered By Type, By Coating Type, By Bar Size Type, By Process Type, By End Use Sector
The key players in the market include Companies Covered ArcelorMittal, Celsa Steel (UK) Ltd., Commercial Metals Company, Contractors Materials Company, Daido Steel Co., Ltd., Essar Steel, Gerdau SA, HYUNDAI STEEL, JFE Steel Corporation, Jiangsu Shagang Group Co., Ltd., KOBE STEEL, LTD., Mechel PAO, Nippon Steel Corporation, NLMK Group, Nucor Corporation, SAIL, Sohar Steel Group, Steel Dynamics, Inc., Tata Steel Limited, Others
The demand for steel rebar is closely tied to the growth of the construction and infrastructure industries and is influenced by factors such as population growth, urbanization, and economic development.
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