Steel Rebar Market Application & Forecast with Upcoming Trends 2024

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Steel Rebar Market Growth, Application Analysis
from 2017 to 2024
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Global Market Scenario of Steel Rebar Market

• Steel Rebar Market size is estimated to surpass
  USD 170 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
• Increasing infrastructural development to build
  remodel homes will drive steel rebar market
  growth. Rising demand from real estate projects
  due to increased population will support product
  penetration. As per National Association of Home
  Builders, the U.S home building and remodeling
  investment accounted for over 3 share of GDP in
  2017.
• Higher investment in housing projects owing to
  improved lifestyle and rising disposable income
  will drive product demand. Positive government
  support by facilitating subsidies and
  implementing new construction laws will propel
  construction industry. Rising awareness regarding
  construction of earthquake resistant structures
  will augment steel rebar market size.

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• Public infrastructure application estimated to
  hold over 60 market share in 2016. Increasing
  necessity to build and upgrade existing transport
  or energy infrastructure will boost product
  demand. For instance, UK government announced to
  invest over USD 15 million to strengthen its
  transport sector. In addition, rapid construction
  of commercial buildings, malls, and sports
  complexes will influence industry size.
• Industrial sector expansion supported by positive
  FDI policies will propel product penetration.
  Upsurge in public private investment to
  strengthen existing industrial infrastructure and
  setting up new production facilities will drive
  steel rebar market growth.

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North America Steel Rebar Market, By Application,
2013-2024, (Million Tons)
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360 Industry Analysis

• Electric arc furnace estimated to surpass 180
  million tons by 2024. Rising awareness associated
  with waste generation disposal during
  processing likely to propel electric arc furnace
  process adoption rate. Factors such as quality
  control, low cost processing and environmental
  concern are expected to propel market growth

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• Regional Analysis
• Asia Pacific steel rebar market will witness 5
  growth over the forecast period. As per industry
  experts, Malaysia, Philippines and Indonesia are
  anticipated to invest heavily in new
  infrastructure projects, supported by public
  private investment. Rising income level coupled
  with affordable housing loans will augment demand
  for new residential buildings. Increasing
  urbanization rate and demand for sustainable
  buildings will further drive regional growth.
• Competitive Analysis
• Key industry players are ArcelorMittal, Acerinox,
  Essar, Nippon Sumitomo Metal Corporation,
  Gerdau, Tata, Jindal, Commercial Metals Company
  and SAIL. Other prominent industry players are
  Daido, Hyundai, NJR, Kobe and Byer.

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