Steel Rebar Market Scope

Size, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global Steel Rebar market, assessing the market based on its segments By Type (Deformed and Mild), Coating Type (Plain Carbon Steel Rebar, Galvanized Steel Rebar, Epoxy-Coated Steel Rebar), Process Type, Bar Size, End-use (Infrastructure, Housing, and Industrial) and Region - Global Forecast to 2030. The steel rebar market size was valued at USD 224.5 billion in 2022 and is expected to expand at a CAGR of 4.4% during the forecast period, reaching USD 317.4 billion by 2030. 

Steel Rebar Market Business strategies of the key players and the new entering market industries are studied in detail. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Browse in-depth TOC on "Steel Rebar Market"

275 – Tables
56 – Figures
266 – Pages

Key Companies Market Share Insights

The global market is fragmented with the presence of established as well as small-scale players across the world. The established players give tough competition to other small players by adopting various strategies such as capacity expansions, mergers acquisitions, product innovation, and joint ventures.

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For instance, in February 2022, FABco, LLC, a leading provider of concrete construction material and supplier of steel rebars, acquired Volunteer Rebar. This acquisition is expected to help the company to accelerate its growth and increase services to customers based in Tennessee, U.S. Some prominent players in the global steel rebar market include -

Nippon Steel Corporation (Japan), ArcelorMittal (Luxembourg), Tata Steel Limited (India), Nucor Corporation (US), NLMK Group (Russia), Gerdau SA (Brazil), Commercial Metals Company (US), Steel Authority of India Limited (India), Mechel PAO (Russia), Steel Dynamics Inc. (US),  and others are covered in the steel rebar market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the steel rebar market.

Steel Rebar Market Key Points: 

• Define, describe, and forecast steel rebar market by material, application, end use and region.
• Provide enterprise external environment analysis and SWOT analysis.
• Provide strategies for company to deal with the impact of COVID-19.
• Provide market dynamic analysis, including market driving factors, market development constraints.
• Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
• Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
• Analyse the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

Steel Rebar Market Key Players

• Nippon Steel Corporation (Japan)
• ArcelorMittal (Luxembourg)
• Tata Steel Limited (India)
• Nucor Corporation (US)
• NLMK Group (Russia)
• Gerdau SA (Brazil)
• Commercial Metals Company (US)
• Steel Authority of India Limited (India)
• Mechel PAO (Russia)
• Steel Dynamics Inc. (US)

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Steel Rebar Market Segmentation

By Type

• Deformed
• Mild

By type, deformed steel rebar accounted for the largest share in 2021

Steel rebar market is divided into two types i.e; deformed steel rebar and mild steel rebar. Deformed steel rebar is expected to witness significant growth because of its high-strength capabilities compared to mild steel rebar. Also, government mandates to promote the use of high-strength rebar grades to increase the lifespan of construction structures will support the growth of deformed steel rebar.

By Bar Size Type

• #3 Bar size
• #4 Bar size
• #5 Bar size
• #8 Bar size
• Others

By bar size, #4 steel rebar accounted for the largest share in 2021

#4 rebar is thicker than #3 rebar and is best suited for adding strength to medium construction projects like highways and columns and slabs. #4 rebar is made of strong carbon steel composite and used in the residential and light commercial construction industries. #4 reinforcement steel, in particular, is used to pave roads and highways; it can also be used to construct swimming pool frames.

By Coating Type

• Plain Carbon Steel Rebar
• Galvanized Steel Rebar
• Epoxy Coated Steel Rebar

By coating type, plain carbon steel rebar accounted for the largest share in 2021

Plain carbon steel rebar is preferable due to its low cost and durability. It is the most common type of rebar used on every size and type of project. As the name says, it is made of carbon steel and is also known as a black bar due to its carbon color. The main disadvantage is that they don't have a corrosion resistance layer, which increases the risk of being exposed to moisture and getting corroded.

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By ProcessType

• Basic Oxygen Steelmaking
• Electric Arc Furnace

By Process, basic oxygen steelmaking accounted for the largest share in 2021

High efficiencies in the mass production of steel rebar and superior quality finished products make Basic Oxygen Steel (BPS) a preferred process for steel rebar manufacturing. BOS is a traditional process of manufacturing steel rebar, which is costlier than the electric arc furnace process. BOS is preferred because of its high production rate, low nitrogen content, and low labor requirements.

By End Use Sector

• Infrastructure
• Housing
• Industrial

By End Use Industry, the Infrastructure segment accounted for the largest share in 2021

Demand for steel rebar is driven by increasing investment in major infrastructure projects across the world, especially in the Asia Pacific region. Infrastructure is a major end-user of steel rebar. This sector majorly includes projects such as roads, highways, bridge construction, sewage systems, airports, and stadiums, among others. Advancements in steel rebar coatings make it durable for various infrastructure construction.

By Region

• North America
• Europe
• Asia Pacific (APAC)
• South America
• Middle East Africa

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Regional Outlook

Regions considered in the market are gauged on the basis of performance metrics which differ by economic growth, government support, and investment scenario. Ease of business index and other growth metrics which foster market growth are considered before estimating its value. Figures and statistics from reputed government organizations are included in the report for cementing its value.

Asia Pacific accounted for the largest share of the Steel Rebar Market in 2021

Low-cost labor and cheap availability of lands in Asia Pacific region attract foreign investments further helping industrial sectors grow rapidly. Rapid economic growth, increasing urbanization, increasing investments by the government to setup new industries and high growth in the infrastructure sector will lead to the increase in construction activities, which helps to increase the demand for steel rebar. China was the region's largest market for steel rebar in 2021, followed by Japan, India, and South Korea. Asia Pacific region is projected to witness a steady increase in consumption between 2022 and 2030.

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