Projection of Revenue Growth:
The Steel Rebar Market size was valued at US$ 230.03 Bn. in 2023 and the total Steel Rebar Market revenue is expected to grow at 5 % from 2024 to 2030, reaching nearly US$ 323.68 Bn.
Steel Rebar Market Overview
The report offers a thorough overview of the Steel Rebar Market, detailing market shares, key drivers, restraints, and growth opportunities. It encompasses both international and domestic markets, delivering insights into the landscape, trade dynamics, and significant regions of development.
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Steel Rebar Market Report Scope and Research Methodology
The research for this report delivers a comprehensive analysis of the global Steel Rebar Market, examining both value and volume aspects and including forecasts for the projected period. It features regional and country-level analyses to identify recent and future growth trends, prospects, and contributions to the market. The report includes essential metrics such as the Compound Annual Growth Rate (CAGR), market size, value, volume, revenue, sales, and other key factors. Each industry segment is evaluated based on its growth rate and market share. Additionally, the report provides an in-depth analysis of key market players by region, covering their revenue, financial status, and technological advancements, thereby offering insights into the competitive landscape. A bottom-up approach is used to accurately estimate the market size.
Steel Rebar Market Regional Insights
The Steel Rebar Market is divided into key regions—North America, Europe, Asia Pacific, the Middle East and Africa, and South America—providing a thorough understanding of its global presence and regional impact.
Steel Rebar Market Segmentation
by Type
1. Deformed
2. Mild
by Bar Size Type
#3 Bar Size
#4 Bar Size
#5 Bar Size
#8 Bar Size
Other
by Coating Type
Plain Carbon Steel Rebar
Galvanized Steel Rebar
Epoxy Coated Steel Rebar
by Process Type
Basic Oxygen Steelmaking
Electric Arc Furnace
by End User Infrastructure
Housing
Industrial
Steel Rebar Market Key Players
1. Steel Dynamics, Inc.
2. DAIDO STEEL Co. Ltd.
3. Acerinox S.A.
4. CMC
5. Gerdau S/A
6. HBIS GROUP
7. POSCO
8. SAIL
9. SHAGANG GROUP Inc.
10. JSW
11. Tata Steel
12. NLMK
13. NIPPON STEEL CORPORATION
14. Nucor
15. ArcelorMittal
16. Essar Steel
17. Mechel PAO
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Conclusion:
The global Steel Rebar Market, valued at USD 230.03 billion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 5% through 2030, reaching approximately USD 323.68 billion. This growth is primarily driven by the increasing demand for steel rebar in construction projects aimed at enhancing infrastructure, driven by rapid urbanization and economic development, particularly in regions like Asia Pacific, North America, and emerging markets. The deformed steel rebar segment is expected to lead due to its superior bonding properties, while the infrastructure sector is anticipated to exhibit the highest growth due to significant government investments. Despite challenges such as skilled labor shortages and technical complexities, opportunities in smart city developments and infrastructure expansion are likely to fuel continued market expansion.
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