Steel Rebar
or reinforcing bars are used in reinforced concrete and reinforced masonry
structures. Steel rebar is used as a tensioning device for concrete
reinforcement in order to provide extra tensile strength to the reinforced
concrete. Further, there are mainly two type of steel rebar which include
deformed and mild rebar. Types and size of rebar varies according to the
application.
Market Size & Forecast
Global Steel Rebar Market is expected to grow at a robust
compound annual growth rate (CAGR) of 6.9% during the forecast period
2017-2024. The global market is projected to reach at a valuation of about USD
223.7 Billion by the end of forecast period. Further, growing constructional
activities across the globe and rising demand for high ductile reinforcement
bars are some of the major factors which are likely to bolster the growth of
global steel rebar market.
On the
basis of regional platform, global steel rebar market is segmented into five
major regions including North America, Europe, Asia Pacific, Latin America and
Middle East & Africa region.
Further,
Asia Pacific has been the dominating country of global market for steel rebar.
Increasing infrastructure development is likely to foster the growth of Asia
Pacific steel rebar market during the forecast period. Additionally, China is
likely to be the major contributor to the growth of market of steel rebar in
this region. China is the major producer of steels and alone has captured
around 30% of steel market share in 2016.
North
America is the second leading market for steel rebar. Further, the market of
steel rebar in North America region is believed to grow at a robust pace owing
to increasing construction activities in this region.
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Moreover,
growing demand for steel rebar in housing, industrial and other infrastructural
construction are some of the major factors which are fostering the consumption
of steel rebar in Europe and Middle East & Africa regions.
Market Segmentation
Our-in
depth analysis of the global steel rebar market includes the following
segments:
By Product
Mild
Deformed
By Process
Electric
Arc Furnace
Basic
Oxygen Steel Making
By
Finishing
Black
Rebar
Epoxy
Coated Rebar
Fabricated
Rebar
By
Application
Housing
Floor Slab
Stairs
Roof
Wall
Structural
Floor
Road
Pavements
Box
Culverts
Drainage
Structures
Concrete
Cannels
Others
By Region
Global
steel rebar market is further classified on the basis of region as follows:
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity
Analysis
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis.
Middle
East and Africa (GCC, North Africa, South Africa, Rest of Middle East and
Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers & Challenges
Global
market of steel rebar is primarily driven by factors such as rising
construction activities and high end performance of steel rebar. Steel rebar
are highly used reinforced bars due to their high end performance, and ability
to withstand high tension stress. Further, such beneficial abilities of steel
rebar are likely to drive the growth of global market.
Steel
rebar or steel reinforced bars are high ductile metals and can be deformed
easily without losing their toughness. Further, rising demand for high ductile
reinforced bars is also a major factor which is believed to be driving the
growth of global market of steel rebar in near future.
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Furthermore,
steel rebar have a wide range of application including structural floor, road
pavements, box culverts, drainage structures, concrete cannels and others.
Growing constructional activities coupled with rising adoption of steel rebar
in different constructional areas are some of the major factors driving the
growth of global market of steel rebar.
However,
rusting of exposed steel rebar which reduces its strength is major factor
posing threat to the future market of steel rebar. Some other problems
associated with steel rebar such as slight chances of reaction of concrete with
steel which may cause spall or braking of rebar. Such problems with steel rebar
are likely to hamper the growth of global steel rebar market in near future.
Key Players
ArcelorMittal
Company
Overview
Key
Product Offerings
Business
Strategy
SWOT
Analysis
Financials
Nippon
Steel & Sumitomo Metal Corporation
Hebei Iron
& Steel Group
Baosteel
Wuhan Iron
& Steel Group
Posco
Jiangsu
Shagang
Tata Steel
Group
Hyundai
Steel Company
JFE Steel
Corporation
Scope
& Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
steel rebar market is segmented as follows:
By Product
Market Size & Y-O-Y Growth Analysis
By Process
Market Size & Y-O-Y Growth Analysis
By
Finishing Market Size & Y-O-Y Growth Analysis
By
Application Market Size & Y-O-Y Growth Analysis
By Region
Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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