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Steel Rebar Market Global Industry Growth, Size, Trends, Insights and 2025 Forecast

 



(EstateNewsWire.com, October 24, 2022 ) The global "Steel Rebar Market size is estimated to be USD 198.7 billion in 2020 and is projected to reach USD 246.3 billion by 2025, growing at a CAGR of 4.4% from 2020 to 2025. Increasing building & construction activities, especially in China, Japan, and India, the recovering construction sector in Europe, and rising non-residential construction activities in North America coupled with a shift in trend towards the use of enhanced grades of steel rebar is expected to drive the growth of the steel rebar market during the forecast period.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=176200687

The deformed steel rebar segment is projected to lead the steel rebar market during the forecast period

The major types of steel rebars are deformed and mild steel. Deformed is the largest and fastest-growing market, owing to its deformed surface, which helps in the bond between materials and minimizes slippage in concrete.

Based on end-use, the infrastructure segment is projected to lead the steel rebar market during the forecast period

The steel rebar industry by end-user has been classified into infrastructure, housing, and industrial segments. Infrastructure is the largest and fastest-growing segment, as steel rebar is used widely in infrastructure projects, which include bridges, highways, dams, and stadia, among others.

Don't miss out on business opportunities in Steel Rebar Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=176200687   

Browse in-depth TOC on "Steel Rebar Market”

118 - Market Data Tables

45 - Figures

157 - Pages

Electric arc furnace production process to lead the market growth during the forecast period

Based on the production process, the market for steel rebar has been classified into basic oxygen steelmaking and electric arc furnace. The basic oxygen steelmaking segment is the largest segment owing to its superior characteristics such as high production rate, steel with low nitrogen content, and requiring less labor. However, the electric arc furnace segment is expected to grow at the highest CAGR due to its environment-friendly production process, which utilizes steel scrap to manufacture products and energy efficiency.

Major market players covered in the report are ArcelorMittal (Luxembourg), Gerdau S.A (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), Posco SS Vina, Co. Ltd (Vietnam), Steel Authority of India Limited (India), Tata Steel Ltd. (India), Essar Steel (India), Mechel PAO (Russia), Nucor Corporation (U.S.), Sohar Steel LLC (Oman), Celsa Steel UK (U.K.), Ansteel Group (China), Hyundai Steel (South Korea),  Kobe Steel, Ltd. (Japan), Jiangsu Shagang Group Co., Ltd. (China), JFE Steel Corporation (Japan), Commercial Metals Company (U.S.), Daido Steel  (Japan), Barnes Reinforcing Industries (pty) Ltd (South Africa), Jindal Steel & Power Ltd. (India), Steel Dynamics, Inc. (U.S.), Outokumpu Oyj (Finland), Acerinox S.A. (Spain), Hyundai Steel Company (South Korea), Daido Steel Co., Ltd. (Japan), and Byer Steel Group Inc. (U.S.).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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raviraj.tak@marketsandmarkets.com

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