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Market Research Report

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

Published Date :

2021-05-30

Report Pages :

670

Format :

PDF/PPT/XLS/Hard Copy

Region Covered :

Middle East and Africa

Middle East Steel Rebar Market Outlook

While demand growth for steel rebar has not been even in Middle East, the region as a whole continues to consume more steel rebar. At the same time, production growth of steel continues from present and new capacity. Moreover, upsurge in number of infrastructure projects in the region majorly in GCC countries, is likely to be the growth engine for steel rebar industry. 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 Middle East 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 volatility in crude oil prices and unstable financial markets.

Moreover, the market is projected to reach USD 11.6 billion by 2030 owing increased focus of developing countries and underdeveloped countries on urbanization and amplified investment over infrastructure projects.

Middle East 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

  • Kingdom of Saudi Arabia (KSA) Steel Rebar Market {Market Share (%), Market Size (USD Billion)}
  • United Arab Emirates (UAE) Steel Rebar Market {Market Share (%), Market Size (USD Billion)}
  • Iran Steel Rebar Market {Market Share (%), Market Size (USD Billion)}
  • Qatar Steel Rebar Market {Market Share (%), Market Size (USD Billion)}
  • Oman Steel Rebar Market {Market Share (%), Market Size (USD Billion)}
  • Kuwait Steel Rebar Market {Market Share (%), Market Size (USD Billion)}
  • Bahrain Steel Rebar Market {Market Share (%), Market Size (USD Billion)}
  • Jordan Steel Rebar Market {Market Share (%), Market Size (USD Billion)}
  • Rest of Middle East Steel Rebar Market {Market Share (%), Market Size (USD Billion)}

Middle East Steel Rebar Market Share by Product Type & Region

Based on product type, deformed steel rebar accounted for the lion market share of more than 65% of Middle East steel rebar market. Further, deformed steel rebar is expected to be the fastest growing segment at a CAGR of +7% during the forecast period owing to emergence of advance processing technologies and high yield and tensile Strength and escalating demand for infrastructure projects.

Geographically, Kingdom of Saudi Arabia accounted for the largest market share for steel rebar due to the aggressive investment in infrastructure projects in the country. Saudi Arabia construction industry contributes around 8% of country’s total GDP, making it the biggest construction market in the Middle East.

Middle East Steel Rebar Market Trends, Drivers & Challenges to Market Growth

Value Added Steel Rebar Products are Trending in Middle East Marketplace

According to our Middle East 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.

Growing Rapid Urbanization resulted in Government Initiatives to Develop Infrastrure likely to boost demand for Steel Rebar

According to the report, major driver in Middle East 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 Saudi Arabia and UAE among others. For instance, Saudi Arabia has assigned more than USD 40.0 billion for transport, telecommunications, water, agriculture and other related infrastructure projects. Moreover, it has numerous railway projects in the pipeline.

Further, the report states that one challenge in Middle East steel rebar market is price volatility of raw materials and oil prices. The continuously unstable price of raw materials and fragile steel prices have put substantial stress on steel margins. Moreover, volatility in crude oil prices adversely affects the oil based economies which have a severe impact on the steel industry.

Covered in This Middle East 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.

Middle East 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 Middle East 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. Middle East 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 "Middle East Steel Rebar Industry"

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 the "Middle East Steel Rebar Industry" 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

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

  •  Star Steel International LLC
  •  Emirates Rebar Limited
  •  Union Iron and Steel
  •  Conares
  •  Hamriyah Steel
  •  Emirates Steel
  •  Rajhi Steel Industries Co. Ltd.
  •  Watania Steel Factory Corp.
  •  Al-Rashed Steel
  •  United Steel Industrial Co.

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?

Reasons to buy this Market Study

  • Facilitate decision-making based on strong historic and forecast data for steel rebar market in Middle East
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the middle east steel rebar market’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.




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

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