Major Key Players of Steel Rebar Market & Industry share 2019–2024 - PowerPoint PPT Presentation

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Major Key Players of Steel Rebar Market & Industry share 2019–2024

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Owing to its massive deployment across numerous noteworthy business verticals along the likes of automotive, manufacturing, and construction, steel rebar market has grown by leaps and bounds in the recent times. – PowerPoint PPT presentation

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Date added: 31 October 2019
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Title: Major Key Players of Steel Rebar Market & Industry share 2019–2024


1
Steel Rebar Market Growth Outlook with Industry
Review and Forecasts 2019-2024
  • Owing to its massive deployment across numerous
    noteworthy business verticals along the likes of
    automotive, manufacturing, and construction,
    steel rebar market has grown by leaps and bounds
    in the recent times. Moreover, a robust steel
    production has been increasingly viewed as a
    vital indicator of the overall economic
    sturdiness of a nation. This has been
    particularly true pertaining to the emerging
    economies like China and India in the Asia
    Pacific region.
  • Speaking in the similar context, China produced
    approximately 823 million tons of steel in 2014
    which accounted for almost 50 percent of the
    total steel production worldwide, as per the
    statistics published by the World Steel
    Association. With a 5.7 per cent jump in its
    crude steel output during the first 11 months of
    2017, the Chinese steel manufacturers fraternity
    has defied the anticipated slowdown that was
    predicted to be caused by state-mandated factory
    closures and stringent regulatory guidelines to
    safeguard environment.

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2
  • Steel Rebar Market Scenario
  • Over the past two decades, the growth outlook of
    the worldwide steel rebar market has witnessed a
    renewed optimism. An upsurge in smart city
    projects across various nations coupled with
    massive budgetary outlays for infrastructure
    spending on highways and public utilities have
    propelled the steel rebar industry in the recent
    years. Moreover, the prominent companies
    operating in the steel manufacturing business
    have been essentially focusing on investing
    heavily toward expanding their production
    capabilities to meet the burgeoning demand for
    steel rebars from various business verticals.
  • Smart Cities initiative, in particular, has
    emerged as one of the most significant programs
    of the Indian government that would aim for a
    sustainable and high-quality infrastructure,
    connectivity, and mobility. The effective
    implementation of this initiative has underlined
    the necessity of steel structures for drainage,
    sewage, and transmission to ensure zero wastage
    and less maintenance.
  • With the major firms concentrating toward product
    upgradation and capacity expansion plans coupled
    with enormous investments by numerous regional
    governments, the steel rebar market share is
    bound to proliferate at a commendable pace. The
    rise in the construction of myriad steel-based
    structures in ambitious projects and the surging
    utilization of steel across numerous business
    domains would drive the growth trajectory of
    steel rebar market share which is estimated to
    surpass an overwhelming valuation of USD 170
    billion by 2024.

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3
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4
  • Regional Analysis
  • Considering the aforementioned instances, it
    would be quite apt to state that the growth
    potential of the Asia Pacific steel rebar market
    undoubtedly appears to be highly promising. In
    fact, as per a research report compiled by Global
    Market Insights, Inc., Asia Pacific region
    apportioned more than 65 percent of the total
    revenue share of the overall steel rebar industry
    in 2016.
  • 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. Manufacturers
    are anticipated to adopt merger acquisition
    strategy to gain competitive advantage. For
    instance, Commercial Metals Company acquired U.S.
    steel rebar mills and fabrication assets from
    Gerdau valued USD 600 million to enhance market
    share.

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