Steel Rebar Market Analysis: Major Players, Lucrative Segments And Top Geographies
21 Jun, 2023
The global steel rebar market size is expected to grow from $230.41 billion in 2022 to $245.46 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global steel rebar market size is expected to reach $307.50 billion in 2027 at a CAGR of 5.8%.
Global Steel Rebar Market Key Driver
Globally expanding building and construction activities are considerably contributing to the growth of the steel rebar market. Building and construction operations are the areas of business and industry associated with the creation, maintenance, and repair of infrastructure. Steel rebars are used in building and construction activities to reinforce and hold concrete structures in tension, hence increased building and construction activities will drive market expansion.
Get a sample of the global steel rebar market reportGlobal Steel Rebar Market Segments
The global steel rebar market is segmented:
1) By Product: Deformed, Mild
2) By Process: Basic Oxygen Steelmaking, Electric Arc Furnace
3) By Application: Residential Buildings, Public Infrastructure, Industrial
4) By End-Use Industry: Construction And Infrastructure, Manufacturing, Oil And Gas
5) By Geography: The regions covered in the steel rebar market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global steel rebar market.
Major Steel Rebar Industry Players
ArcelorMittal, 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, Jindal Steel & Power Ltd., The Conco Companies, Barnes Reinforcing Industries, Outokumpu OYJ
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Steel Rebar Market Overview
Steel rebar refers to a metal bar that aids in boosting the concrete's tensile strength. The resilience of concrete structures to tensile, bending, torsion, and shearing loads is improved as a result.
Steel Rebar Global Market Report 2023 provides data on the global steel rebar market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The steel rebar market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.