According to a research report published by Spherical Insights & Consulting, the Global Steel Rebar Market Size is Expected to Grow from USD 235.2 Billion in 2023 to USD 364.8 Billion by 2033, at a CAGR of 4.49% during the forecast period 2023-2033.

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Steel rebar, also known as strengthened steel or reinforcement steel, is a type of steel bar used in reinforced concrete and masonry constructions to fortify concrete under compression. Steel rebar significantly enhances a structure’s load-bearing capacity, with carbon steel being a popular material. It is often hot-rolled cylindrical bars with deformed designs and can be hardened or composite. Rebar can be recycled as scrap and can be liquefied and re-framed like other steel components. Carbon steel is a common material for steel rebar, which greatly increases a structure’s load-bearing capability. Usually hot-rolled cylindrical rods with distorted patterns, can be composite or toughened. Like other steel parts, rebar can be melted and reframed, and it can also be recycled as scrap. Rapid infrastructural development in emerging economies like India and China is increasing product demand, leading to a prosperous residential sector. Countries are proposing housing and smart city programs to support growth. However, the market faces challenges due to a lack of knowledgeable and talented employees, causing investors to be hesitant to invest in the market.

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Steel Rebar Market Size, Share, and COVID-19 Impact Analysis, By Type (Deformed and Mild), By Coating Type (Plain Carbon Steel Rebar, Galvanized Steel Rebar, Epoxy Coated Steel Rebar, and Others), By Application (Public Infrastructure, Residential Buildings, Industrial, Construction, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.         

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The deformed segment is predicted to hold the largest market share through the forecast period.

Based on the type, the steel rebar market is classified into deformed and mild. Among these, the deformed segment is predicted to hold the largest market share through the forecast period. This is due to government policies that encourage the use of high-strength rebar types to increase the longevity of built structures and the growing building sector in developed countries. Steel rebar can be used for a variety of projects since it is flexible and adaptable. In addition to new deformed goods raising demand, the launch of durable deformed rebar grades in China, the US, and India will propel market expansion.

The plain carbon steel segment is witnessing significant CAGR growth over the forecast period. 

Based on the coating type, the steel rebar market is divided into plain carbon steel rebar, galvanized steel rebar, epoxy-coated steel rebar, and others. Among these, the plain carbon steel segment is witnessing significant CAGR growth over the forecast period. Rebar made of plain carbon steel has a high tensile force and is a dependable and affordable choice for building projects. Its high toughness and lack of humidity help explain its rise in the steel rebar market during the anticipated period.

The public infrastructure segment is anticipated to hold the largest market share during the projected timeframe.   

Based on the application, the steel rebar market is divided into public infrastructure, residential buildings, industrial, construction, and others. Among these, the public infrastructure segment is anticipated to hold the largest market share during the projected timeframe. Global infrastructure projects, particularly in Asia Pacific, are driving the demand for steel rebar. It is extensively utilized in public infrastructure, and advancements in coatings increase its robustness. It is anticipated that infrastructure investments will be dominated by recently industrialized countries.

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Asia Pacific is estimated to hold the largest share of the steel rebar market over the forecast period.

 Asia Pacific is estimated to hold the largest share of the steel rebar market over the forecast period. Cost-effective labor and reasonably priced real estate, which are fueled by population expansion and infrastructure development, are driving up demand for steel rebar in the Asia Pacific area. The biggest markets are China and India, and during the forecast period, investments are anticipated to keep fueling demand.

North America is predicted to have the fastest CAGR growth in the steel rebar market over the forecast period. With Mexico creating a third fund to boost its economy, the US, Mexico, and Canada are all expanding their investments in infrastructure projects. Despite the rising costs of infrastructure repair projects, the US is predicted to stay on its current trajectory due to its highest market share and rapid compound annual growth rate.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global capric acids market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the steel rebar market include ArcelorMittal, JSW, Tata Steel Limited, HBIS GROUP, NLMK Group, Celsa Steel UK, Nippon Steel Corporation, Steel Authority of India Limited, Power Steel Co., Ltd., Akron Rebar Co, Nucor Corporation, DAIDO STEEL Co. Ltd, Steel Dynamics, Inc., Gerdau SA, Mechel PAO, POSCO HOLDINGS INC., Jiangsu Shagang Group, SAIL, and Commercial Metals Company, and Others.

Recent Development

• In March 2023, a new high-grade steel rebar product was recently released by GPH Ispat Limited, which claims that it would ensure structural safety while lowering building expenses. Four months after introducing its second new product, GPH Quantum B600C-R steel rebar, the company announced the first-ever national debut of GPH Quantum B600D-R steel rebar.
• In May 2023, Agha Steel introduced Agha Arcon Eco-Friendly Grade 80 Steel Rebars, a revolutionary innovation in the construction sector, offering enhanced strength, durability, and flexibility.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the steel rebar market based on the below-mentioned segments:

 Global Steel Rebar Market, Type

• Deformed
• Mild

 Global Steel Rebar Market, Coating Type

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

 Global Steel Rebar Market, Application

• Public Infrastructure
• Residential Buildings
• Industrial
• Construction
• Others

Global Steel Rebar Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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