Asia Pacific (APAC) Steel Rebar Market: Industry Size Analysis, Trends, Share, Demand, Growth Drivers, Opportunity Assessment, Regional Outlook, & Forecast 2017-2030

Market Overview

Despite sluggish demand growth in the global steel rebar market, there are continuous new investment projects in many parts around the world, especially in Asia Pacific region. Moreover, China and India, in particular, have the most forceful expansion plans of steel manufacturing of 28 million tons and 31 million tons of new installations, respectively, accounting for 59% of the total increase. Intense competition in the steel rebar industry has resulted in the market becoming commoditized. Steel bar industry players in the past few years have concentrated more on marketing and branding of the product, which is one of the major factor for the growth of steel rebar market in developing countries of the region. With the growing focus on infrastructure and development, the Asia Pacific steel rebar consumption is anticipated to upsurge in the years to come. However, there are some unpredictability in the rate of growth in emerging economies owing to unanswered structural issues, political instability, and unstable financial markets.

Asia Pacific Steel Rebar Market Segmentation

By Product Type

• Mild steel bars
• Deformed steel bars

By Steel Rebar Size (mm)

• 6-12
• 14-20
• 22-32
• 40-50

By End Users

• Infrastructure
• Housing
• Industrial

 By Geography

• China Steel Rebar {Market Share (%), Market Size (USD Billion)}
• India Steel Rebar {Market Share (%), Market Size (USD Billion)}
• Japan Steel Rebar {Market Share (%), Market Size (USD Billion)}
• Australia Steel Rebar {Market Share (%), Market Size (USD Billion)}
• Vietnam Steel Rebar {Market Share (%), Market Size (USD Billion)}
• Philippines Steel Rebar {Market Share (%), Market Size (USD Billion)}
• South Korea Steel Rebar {Market Share (%), Market Size (USD Billion)}
• Thailand Steel Rebar {Market Share (%), Market Size (USD Billion)}
• Rest of Asia Pacific Steel Rebar {Market Share (%), Market Size (USD Billion)}

Market Share by Product Type & Geography

Vietnam is anticipated to be the fastest growing steel rebar market across the globe through 2030

Geographically, China accounted for the largest market share for steel rebar due to the augmented demand from highways, bridges & buildings, marine structures & waterfronts, and other applications such as parking structure. On the other hand Vietnam is witnessing rapid urbanization and industrialization and anticipated to be the fastest growing steel rebar market across the globe, which is expected to expand at a CAGR of +18% during the forecast period.

Value added steel rebar products are trending in the construction induystry

According to our Asia Pacific steel rebar market study on the basis of extensive primary and secondary research, one major trend in the market is value added steel rebar products. In recent years, steel rebar grades and product use witnessed a huge change. For instance, the construction industry across the region has started embracing newer grades such as Fe500, Fe550 and Fe500D. Likewise steel rebar usage has been moving towards advanced value added rebar products like corrosion resistant Steel rebar, epoxy coated rebar and earth quake resistant rebar.

Deformed steel rebar is expected to be the fastest growing segment at a CAGR of +6% through 2030.

Based on product type, deformed steel rebar accounted for the lion market share of more than 70% of Asia Pacific steel rebar market. Further, deformed steel rebar is expected to be the fastest growing segment at a CAGR of +6% during the forecast period owing to emergence of advance processing technologies and high yield and tensile Strength.

Drivers & Challenges to Market Growth 

According to the report, major driver in Asia Pacific steel rebar market is growing rapid urbanization and growing investment in construction sector to develop infrastructure and to speed up the economic growth by developing manufacturing sector especially in developing countries such as India and China among others. For instance, over the next 10 years, China is planning to move 250 million people - comparable of Indonesia's entire population - into the country's rapidly-growing megacities, which led the billions of dollars investment in massive infrastructure projects.

Further, the report states that one challenge in Asia Pacific steel rebar market is price volatility of raw materials. The continuously unstable price of raw materials and fragile steel prices have put substantial stress on steel margins. However, steel rebar manufacturers have been continuously working hard to remain competitive in the market.

Covered in this Asia Pacific Steel Rebar Market Report

The report covers the present ground scenario and the future growth prospects of steel rebar market for 2017-2030 along with the total revenue of steel rebar industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, region, and country level.

Asia Pacific Steel Rebar Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Asia Pacific steel rebar market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Asia Pacific steel rebar market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Key Market Players

Our Asia Pacific Steel Rebar Market Report comprises of the following companies as the key players in the Asia Pacific steel rebar market.

•  Nippon Steel & Sumitomo Metal Corporation
•  Posco SS-Vina Co. Ltd
•  Steel Authority of India Limited
•  Tata Steel Ltd.
•  Essar Steel
•  Kobe Steel Ltd.
•  Jiangsu Shagang Group
•  Jindal Steel & Power Ltd.
•  Steel Asia Manufacturing Corporation
•  Hyundai Steel and Daido Steel Co. Ltd.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this research report

• What is the total market size by 2030 and what would be the expected growth rate of sales?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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