Steel Rebar Market

Steel rebar is a steel bar or mesh of steel wires used in reinforced concrete and masonry structures to strengthen the concrete structure. It is also known as reinforcement steel and reinforcing steel, and the surface of rebar is often patterned. Steel rebar is used to increase the tensile strength of concrete, improve the quality of the bond with the concrete, provide resistance to support design loads, and increase the overall strength. There are various forms of steel rebar, such as round, square twisted, ribbed, stretched, twisted and ribbed, and ribbed and twisted.

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Rapid urbanization, increasing population, and changing standards of living have led to an increase in investment in the infrastructure sector globally. The combination of these factors is driving the growth of the steel rebar market. The World Smart Cities Organization (WSCO), World Smart Sustainable Cities Organization (WeGO), and Organization for International Economic Relations (OiER), among other organizations, has been supporting several regional governments to increase expenses for infrastructural projects around the world. This has led to the growth in the construction sector, which is thereby expected to augment the demand for steel rebar during the forecast period. Increasing building and construction activities in developing countries, including China, Saudi Arabia, and India, among others, and a shift in trend towards the use of enhanced grades of steel rebar is further expected to drive the growth of the market. However, the fluctuation in raw material costs may hamper the growth of the market. Additionally, the recent outbreak of COVID-19 and its adverse impacts such as supply chain disruption, shortage of subcontractors and materials, and the termination of contracts to control expenses on the global economy are expected to restrain the demand of the steel rebar market during the forecast period.

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Based on the type, the market is segmented into deformed and mild. Among these, the Deformed segment is anticipated to dominate the steel rebar market during the forecast period. Deformed steel rebar helps in minimizing slippage in concrete and increases the bond between the materials in the concrete structures. Increasing demand of deformed steel rebar in the construction industry for reinforcing concrete structures in construction, bridges, roads, chemical and petroleum industries, administrative buildings owing to its higher tensile strength and bonding strength as compared to the mild rebar is expected to augment the market growth over the forecast period.

Based on the process, the market is segmented into basic oxygen steelmaking and electric arc furnace. The basic oxygen steel rebar making segment is projected to witness higher CAGR during the forecast period. This is primarily due to its various exceptional advantages such as cost-effective production, high production rates, less requirement of labor and steel with low nitrogen content. The electric arc furnace segment is expected to dominate the market during the forecast period owing to the use of scrap metal feedstock for its manufacturing, which help in reducing the energy required to make steel. Moreover, it is considered to be an environmentally-friendly method as it produces fewer carbon emissions. This factor is expected to augment the growth of the electric arc furnace segment during the forecast period.

Based on the end-use, the market is segmented into infrastructure, housing, and industrial. The infrastructure end-use segment is expected to dominate the steel rebar market during the forecast period. This is primarily due to the extensive utilization of steel rebar in a wide range of infrastructure projects, including highways, bridges, buildings, highways, locks, dams, docks, piers, and pillar structures, among others. These steel rebars are used for the reinforcement of columns, girders, beams, slabs, pavements, as well as precast and prestressed concrete structures.

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Based on the region, Asia-Pacific region is anticipated to grow at a higher CAGR during the forecast period due to the growing economies of China, India, Sri Lanka, Bangladesh, South Korea, and Indonesia, followed by the increasing construction projects throughout the region. The growing population, coupled with the rise in per capita disposable incomes has led to the increasing in demand for residential and commercial buildings applications. An increase in the consumption steel rebar in infrastructural and housing projects by construction industries is augmenting the growth of the market.

Various notable players operating in the global Steel Rebar market include ArcelorMittal, Nippon Steel, Corporation, Mechel PAO, Gerdau S/A, Steel Dynamics, Inc., Steel Authority of India Limited, Nucor Corporation, Tata Steel Limited, Sohar Steel Group, and JFE Steel Corporation, among others. 

Key Developments: 

• • In 2020, ArcelorMittal secured a supply contract to provide steel bars for the construction of a new liquefied natural gas (LNG) import terminal at Al-Zour in Kuwait. Kuwait Petroleum Corporation is building the LNG terminal, which is scheduled to be completed by 2020. ArcelorMittal will provide Krybar, a special concrete reinforcing steel rebar that is used for the construction of gas tanks (LNG and LPG) and ethylene tanks.
  • In 2019, Gerdau S/A, a Brazilian steelmaker company, acquired 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. and provide a better customer reach in the Brazilian market
  • In 2018, Nucor Corporation announced to build a micro rebar mill in Frostproof, Florida, U.S. The micro mill will have an estimated annual capacity of 350,000 tons and construction is expected to take two years. This construction is anticipated to increase the steel rebar production capacity of the company and enhance the customer portfolio in the U.S.

The global steel rebar market has been segmented on the basis of type, process, end-use, and region. Based on the type, the market is segmented into deformed and mild. Based on the process, the market is segmented into basic oxygen steelmaking and electric arc furnace. Based on the end-use, the market is segmented into infrastructure, housing, and industrial.

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Key questions answered in this research report:

• • At what pace is global Steel Rebar market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Steel Rebar market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Steel Rebar market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various end-use of global Steel Rebar market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Steel Rebar Market by Type

• • Deformed
  • Mild

Global Steel Rebar Market by Process

• • Basic Oxygen Steelmaking
  • Electric Arc Furnace

Global Steel Rebar Market by End-Use

• • Infrastructure
  • Housing
  • Industrial

Global Steel Rebar Market by Region

• • North America Steel Rebar Market (Option 1: As a part of the free 25% customization)
    • North America Steel Rebar Market by Type
    • North America Steel Rebar Market by Process
    • North America Steel Rebar Market by End-Use
    • US Steel Rebar Market All-Up
    • Canada Steel Rebar Market All-Up
  • Europe Steel Rebar Market (Option 2: As a part of the free 25% customization)
    • Europe Steel Rebar Market by Type
    • Europe Steel Rebar Market by Process
    • Europe Steel Rebar Market by End-Use
    • UK Steel Rebar Market All-Up
    • Germany Steel Rebar Market All-Up
    • France Steel Rebar Market All-Up
    • Spain Steel Rebar Market All-Up
    • Rest of Europe Steel Rebar Market All-Up
  • Asia-Pacific Steel Rebar Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Steel Rebar Market by Type
    • Asia-Pacific Steel Rebar Market by Process
    • Asia-Pacific Steel Rebar Market by End-Use
    • China Steel Rebar Market All-Up
    • India Steel Rebar Market All-Up
    • Japan Steel Rebar Market All-Up
    • Rest of APAC Steel Rebar Market All-Up
  • RoW Steel Rebar Market (Option 4: As a part of the free 25% customization)
    • RoW Steel Rebar Market by Type
    • RoW Steel Rebar Market by Process
    • RoW Steel Rebar Market by End-Use
    • Brazil Steel Rebar Market All-Up
    • South Africa Steel Rebar Market All-Up
    • Saudi Arabia Steel Rebar Market All-Up
    • UAE Steel Rebar Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Steel Rebar Market All-Up

Global Steel Rebar Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ArcelorMittal
  • Nippon Steel Corporation
  • Mechel PAO
  • Gerdau S/A 
  • Steel Dynamics, Inc.
  • Steel Authority of India Limited
  • Nucor Corporation
  • Tata Steel Limited
  • Sohar Steel Group
  • JFE Steel Corporation