According to IMARC Group’s latest report, titled “Steel Rebar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global steel rebar market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during 2021-2026
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Steel rebar or reinforcement steel is a steel bar or mesh of steel wire used to reinforce and support concrete and other stone structures. It is manufactured using carbon steel, welded wire fabric, epoxy, stainless steel, galvanized and glass-fiber reinforced polymers, iron, sheet-metal, carbon, sulfur and phosphorus. Steel rebars are available in various sizes and shapes like round, square-twisted, ribbed, stretched and ribbed-twisted. They offer numerous advantages, such as high durability, malleability, tensile strength, and thermal resistance.
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Significant growth in the construction industry over the years is primarily driving the market. Steel Rebars are widely used to construct modern infrastructures like skyscrapers, roadways, sewage tunnels, airports and stadiums. They are utilized as prestressed reinforcing bar in construction activities to minimize the slippage and cracking and improve bonding with the cement beams and columns. Additionally, several product innovations, such as the development of thermo-mechanical technology that improves the quality of rebars, are further catalyzing the market growth. Various manufacturers are introducing advanced variants with superior tensile strength, ductility and corrosion resistance properties which will further continue to drive the market for steel rebar in the coming years.
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List of Key Companies Covered in this Market Report:
- ArcelorMittal (Mittal Steel Company)
- CELSA Steel UK
- Commercial Metal Company
- Daido Steel Co. Ltd
- Gerdau SA
- Hyundai Steel
- Nippon Steel Corporation
- Nucor Corporation
- Steel Authority of India
- Jiangsu Shagang Group Company Limited
- Steel Dynamics Inc.
- Tata Steel Limited
The report has segmented the market on the basis of product type, process, finishing type, end use and geography.
Breakup by Product Type:
Breakup by Process:
- Basic Oxygen Steelmaking
- Electric Arc Furnace
Breakup by Finishing Type:
Breakup by End Use:
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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