Global Steel Rebar Industry Analysis By Product Type, By Steel Rebar Size, By End User & By Geography With COVID-19 Impact | Market Outlook 2017-2030

Market Outlook

Demand for steel rebar or reinforcing bar which finds application extensively in the construction industry, especially for concrete fortification, witnessed huge demand in past decade owing to huge investment in construction sector majorly in developing countries. Moreover, intense competition in the steel rebar industry has resulted in the market becoming commoditized. Steel rebar 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 regions. With the growing focus on infrastructure and development, the global 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.

Moreover, the market is projected to reach USD 156.2 billion by 2030 owing increased focus of developing countries and underdeveloped countries on urbanization.

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

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

Market Share by Product Type & Geography

Based on product type, deformed steel rebar accounted for the lion market share of more than 65% of global 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.

Geographically, North America region 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.

Trends, Drivers & Challenges to Market Growth

According to our global 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 globe has started embracing newer grades such as Fe500, Fe550 and Fe500D. Likewise steel rebar usage has been moving towards advanced value added products like corrosion resistant Steel rebar, epoxy coated rebar and earth quake resistant rebar.

According to the report, major driver in global 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, China and Mexico among others.

Further, the report states that one challenge in global 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 Rebar Industry 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. The revenue forecast is given on the basis of number of steel rebar manufacturers and current growth rate of the market.

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 global 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. Global 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.

COVID-19 impact on "Global Steel Rebar Market"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Steel Rebar Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out. 

Key Market Players

• ArcelorMittal
• Gerdau S.A
• Nippon Steel & Sumitomo Metal Corporation
• Posco SS-Vina, Co. Ltd
• Steel Authority of India Limited
• Tata Steel Ltd.
• Essar Steel
• Mechel PAO
• EVRAZ plc
• Sohar Steel LLC)
• Celsa Steel U.K.
• Kobe Steel Ltd.
• Jiangsu Shagang Group
• NJR Steel
• Commercial Metals Company
• The Conco Companies
• Barnes Reinforcing industries
• Jindal Steel & Power Ltd.
• Steel Dynamics
• Steel Asia Manufacturing Corporation
• Outokumpu Oyj
• Acerinox S.A.
• Hyundai Steel
• Daido Steel Co. Ltd.
• Byer Steel.

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 market study

• 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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