Title: Steel Rebar Market Analysis and Industrial Forecast, 2017 – 2024
1Steel Rebar Market Global Industry Analysis
Report, Share, Growth, Price Trends and Forecast,
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Steel Rebar Market
- Rapid growth in residential, commercial and
industrial infrastructure has augmented their
usage. - Cement and concrete shall grow at above 7.5 in
next seven years and is expected to drive steel
rebar market. - These are used in renewable energy infrastructure
that includes wind mills as they require high
tensile strength and property to endure stress
and fatigue. - These are used as tensioning agents in
construction for holding concrete in compressed
state as concrete has low strength.
3 Continued...
- As per the finish, steel rebar market is
bifurcated into black, epoxy coated and
fabricated rebar. These are as per the required
properties and end applications. - Construction industry has substantial share owing
to continuous increasing population and drift of
people towards urban areas. - Asia Pacific has substantial share in global
steel rebar market with growing construction
industry in India and China. China has planned to
increase number of airports to 245 till 2020 that
shall spur its usage. - There has been as increase in government spending
in structures including highway, bridges and
pillars that employ them to enhance
infrastructure durability. Marine industry uses
epoxy coated for protection against corrosion.
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Rebar Market _at_ http//bit.ly/2fgAKr9
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5360 Analysis
- Product Analysis
- Declining raw material prices provide a positive
outlook to the industry. Advancement in
manufacturing technologies has helped in
improving its thermo mechanical properties.
Growth of construction industry in emerging
economies shall propel its demand in forecast
period. - Regional Analysis
- North America led by the U.S. has significant
share owing to growing oil gas pipeline
structures. Increasing government initiatives for
public infrastructures and smart cities shall
augment steel rebar market. Europe has moderate
share with developing infrastructure and rising
imports. - Competitive Market Share
- Steel rebar market is quite fragmented with
presence of regional and local players. Prominent
players include ArcelorMittal, Nucor Corporation,
Tillos, Nippon, Posco, SAIL, Tata, Essar, Kobe,
Commercial Metals Company, Jindal, Hyundai, Byer
and Gerdau are strengthening their sales and
distribution channel to enhance market
penetration.
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