Steel Rebar Market Forecast: Trends and Predictions for the Next Decade

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Steel Rebar Market Company Share, Major
Competitors, Regional Segments, Strategies, And
Forecast Until 2030

• Steel rebar, short for reinforcing bar, is a
  common construction material used to reinforce
  concrete structures. It is a steel bar or mesh of
  steel wires used as a tension device in concrete
  to strengthen and hold the concrete in
  compression. The Steel Rebar Market is
  approximated to be USD 224.5 billion in 2022, and
  it is projected to reach USD 317.4 billion by
  2030, at a CAGR of 4.4.
• Global Steel Rebars Market Report from
  MarketsandMarkets highlights deep analysis on
  market characteristics, sizing, estimates and
  growth by segmentation, regional breakdowns
  country along with competitive landscape,
  players market shares, and strategies that are
  key in the market. The exploration provides a
  360 view and insights, highlighting major
  outcomes of the industry. These insights help the
  business decision-makers to formulate better
  business plans and make informed decisions to
  improved profitability.
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• Brochure https//www.marketsandmarkets.com/pdfdow
  nloadNew.asp?id176200687
• Browse 275 market data Tables and 56 Figures
  spread through 266 Pages and in-depth TOC on
  Steel Rebar Market by Type (Deformed and Mild),
  Coating Type (Plain Carbon Steel Rebar,
  Galvanized Steel Rebar, Epoxy-Coated Steel
  Rebar), Process Type, Bar Size, End-use
  (Infrastructure, Housing, and Industrial) and
  Region Global Forecast to 2030

• Composition and Types
• Steel rebar is typically made from carbon steel,
  although other alloys may be used in specialized
  applications.
• It comes in various shapes and sizes, including
  round, square, and deformed, with deformations
  providing better adhesion to concrete.

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• Common types of steel rebar include black rebar,
  epoxy-coated rebar (to prevent corrosion), and
  stainless steel rebar (for corrosive
  environments).
• Applications
• Steel rebar is primarily used in the construction
  industry to reinforce concrete structures such as
  buildings, bridges, highways, and other
  infrastructure projects.
• It helps concrete withstand tensile forces,
  preventing it from cracking or collapsing under
  heavy loads or due to temperature changes.
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• Analyst https//www.marketsandmarkets.com/speakto
  analystNew.asp?id176200687

• Industry Dynamics
• Market Demand The demand for steel rebar is
  closely tied to the overall health of the
  construction and infrastructure sectors. Economic
  growth and urbanization drive demand for new
  buildings and infrastructure projects, which, in
  turn, boost the need for rebar.

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• Global Growth Emerging economies, such as China
  and India, have witnessed significant
  construction booms, contributing to substantial
  global demand for steel rebar.
• Regulations Regulatory standards and codes often
  dictate the type and quality of steel rebar used
  in construction, especially for safety-critical
  structures. Compliance with these standards is
  crucial.
• Price Volatility The steel industry, including
  rebar, is susceptible to fluctuations in steel
  prices due to factors like raw material costs,
  trade policies, and global supply and
• demand dynamics.
• Environmental Considerations Environmental
  concerns have led to the development of
  eco-friendly alternatives, such as
  fiber-reinforced concrete, which may impact the
  demand for traditional steel rebar.
• Innovation Continuous research and development
  in the steel industry have led to the creation of
  high-strength rebar and advanced coatings to
  improve durability and reduce maintenance.
• Corrosion Resistance Corrosion is a significant
  concern for steel rebar in some
• environments. Therefore, the industry has seen
  advancements in corrosion-resistant coatings and
  materials.
• Global Trade The steel rebar market is
  influenced by global trade policies and tariffs,
  which can impact the availability and cost of
  steel rebar in different regions.
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• In addition, the study helps venture or private
  players in understanding the companies in more
  detail to make better informed decisions.
• Major Players in This Report Include
• Nippon Steel Corporation (Japan)
• ArcelorMittal (Luxembourg)
• Tata Steel Limited (India)
• Nucor Corporation (US)
• NLMK Group (Russia)
• Gerdau SA (Brazil)
• Commercial Metals Company (US)

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• Steel Authority of India Limited (India)
• Mechel PAO (Russia)
• Steel Dynamics Inc. (US)
• Market Drivers Increasing Demand of Steel Rebars
  due to Rising Funding from Government for
  Development of Transportation Infrastructure
• Decreasing the Prices of Steel Rebars
• Market Trend An Emergence of Advanced
  Thermo-Mechanical Technology for Improving
  Quality of Steel
• Opportunities Upcoming Mega Projects such as The
  Hong Kong-Zhuhai-Macau Bridge, Beijing Daxing
  International Airport and others will grow market
• Advanced Features such as ductility, high
  tension, offers perfect shaped beams, and columns
  Increasing Research and Development Activities by
  Established Players
• Challenges High Cost of Fabrication Used for
  Casting Limiting the Growth of the Market
• To speak to our analyst for a discussion on the
  above findings, click Speak to Analyst

By End Use Industry, the Infrastructure segment
accounted for the largest share in 2021 Demand
for steel rebar is driven by increasing
investment in major infrastructure projects
across the world, especially in the Asia Pacific
region. Infrastructure is a major end-user of
steel rebar. This sector majorly includes
projects such as roads, highways, bridge
construction, sewage systems, airports, and
stadiums, among others. Advancements in steel
rebar coatings make it durable for various
infrastructure construction
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Asia Pacific accounted for the largest share of
the Steel Rebar Market in 2021 Low-cost labor
and cheap availability of lands in Asia Pacific
region attract foreign investments further
helping industrial sectors grow rapidly. Rapid
economic growth, increasing urbanization,
increasing investments by the government to setup
new industries and high growth in the
infrastructure sector will lead to the increase
in construction activities, which helps to
increase the demand for steel rebar. China was
the regions largest market for steel rebar in
2021, followed by Japan, India, and South Korea.
Asia Pacific region is projected to witness a
steady increase in consumption between 2022 and
2030.