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The global steel rebar market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Steel rebar, or reinforcement steel, refers to a steel wire mesh or bar used as a tension device to reinforce and support concrete and other masonry structures. It is usually manufactured using carbon steel, welded wire fabric, sheet-metal, epoxy, stainless steel and galvanized and glass-fiber reinforced polymers, iron, manganese, carbon, sulfur and phosphorus. Round, square-twisted, ribbed, stretched and ribbed-twisted are some of the commonly used steel rebars. They are used as a reinforcement to provide support to the structural designs, for minimizing cracking and temperature-induced stress and supporting other steel bars for equal distribution of the overall load. They offer various advantages, such as high durability, tensile strength, thermal resistance and malleability.
Significant growth in the construction industry over the years is one of the key factors creating a positive outlook for the market. Furthermore, extensive infrastructural development, especially in developing countries, is stimulating the market growth. Steel rebars are widely used in the construction of modern skyscrapers, roads, highways, bridges, sewage tunnels, airports and stadiums. In line with this, growing requirements for deformed steel reinforcing is contributing to the market growth. It is used as a prestressed reinforcing bar in construction activities for minimal slippage and improved bonding with the cement beams and columns. Additionally, various product innovations, such as the development of thermo-mechanical technology that aids in improving the quality of rebars, are acting as other growth-inducing factors. This enables product manufacturers to create variants with superior tensile strength, ductility and corrosion resistance. Other factors, including rapid industrialization, along with growing product demand from the non-residential sectors, such as oil and gas and manufacturing, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global steel rebar market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, process, finishing type and end use.
Breakup by Product Type:
Breakup by Process:
Breakup by Finishing Type:
Breakup by End Use:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being 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. and Tata Steel Limited.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Process, Finishing Type, End-Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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. and Tata Steel Limited|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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