The Steel Rebar Market is expected to grow at am

The Steel Rebar Market is expected to grow at a significant CAGR during the forecast period (2020-2027).

The factors driving growth of the Steel Rebar Market includes rise in the number of smart cities around the world, increasing application of steel rebars for the construction of skyscrapers, roads, highways and airports, subsidies provided by Government for purchase homes and improvements in the living standards. Moreover, introduction of thermo-mechanical technology, increasing demand for steel rebars form the residential sectors, rising investments by leading players on research and development, strategic partnerships and collaborations between companies and rapid urbanization, are some of the additional factors supplementing the Steel Rebar Market size. In addition, steel rebars enhances tensile strength of concrete, provide resistance to support design loads, and are available in various forms such as square twisted, ribbed, stretched, and twisted, are some of the features propelling the market growth.

However, growth of the Steel Rebar Market is hindered attribute to disruptions in the global supply chain.

The major players operating in the market are Steel Authority of India Limited, Nucor Corporation, Tata Steel Limited, ArcelorMittal, Nippon Steel Corporation, Mechel PAO, Sohar Steel Group, Gerdau S/A, Steel Dynamics, Inc., and JFE Steel Corporation, among others.

Based on Type, the Deformed segment is predicted to capture the largest market share during the forecast period

Deformed steel rebar reduces slippage in concrete, strengthens then bond between the materials in the concrete structures and are increasingly used for reinforcing concrete structures in bridges and roads, are some of the factors enhancing growth of the segment.

Based on Process, the Basic Oxygen Steelmaking segment is projected to expand at a robust CAGR over the forecast period

Based oxygen steel rebars provides cost-effective production and requires less labor and contains less nitrogen content, are some of the factors propelling segment’s growth. 

Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period

As per the Steel Rebar Market Analysis, rise in the number of construction projects across India, China and Indonesia, rapid urbanization, increasing number of smart cities, growing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Key Developments

• In 2020, ArcelorMittal received a contract to provide steel bars for the construction of a new liquefied natural gas (LNG) import terminal at Al-Zour in Kuwait.


• In 2019, Gerdau S/A, a Brazilian steelmaker company, completed the acquisition of Siderurgica Latino Americana (SILAT) from the parent company Hierros Anon. SILAT is a producer of rebar, wire rod, welded mesh, steel mesh, and lattice and has a capacity of manufacturing 600,000 tonnes per year of long rolled steel. This acquisition will enhance the product portfolio of Gerdau S.A. in the Brazilian market


• In 2018, Nucor Corporation decided to build a micro rebar mill in Frostproof, Florida, U.S. with the annual capacity of 350,000 tons. This construction is anticipated to increase the steel rebar production capacity of the company and enhance the customer portfolio in the U.S.

Market Segmentation

Segmentation by Type

• Deformed


• Mild

Segmentation by Process

• Basic Oxygen Steelmaking


• Electric Arc Furnace

Segmentation by End-Use

• Infrastructure


• Housing


• Industrial

Segmentation by Region

• Asia Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Rest of APAC
  
  
  
  


• North America
  
  
  
  • United States of America
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • United Kingdom
  
  
  • Germany
  
  
  • France
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• RoW
  
  
  
  • Brazil
  
  
  • South Africa
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  
  

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