Steel Rebar Market Growth Opportunities and Future Projections by 2024

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The Steel Rebar Market report offers detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the Steel Rebar Market based on product, technology, end user and region.

Residential building application witnessed demand over 95 million tons in 2016. Surge in public-private partnership projects will provide lucrative business opportunities for manufactures. Increasing government spending on construction of smart cities will drive steel rebar market growth. Emerging economies such as India, China, Japan and South Korea expected to invest in smart city projects over the forecast period. For instance, Indian government is expected to invest USD 15 billion for development of 100 cities in coming years.

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Rapid construction of highways, bridges & buildings, and public utilities owing to shifting economic and demographic trends will drive steel rebar market Increasing smart city projects financed by public-private partnership will propel product application scope. As per industry estimates, global infrastructural spending was over USD 4.5 trillion in 2016.

Asia Pacific Steel Rebar Market will generate revenue over USD 110 billion by 2024. The region already accounts for 60% of the world population and increasing necessity to accommodate rising inhabitants will enhance regional construction spending. In addition, regional technology services sector expansion will also propel telecommunications infrastructure investments.

Steel Rebar Market by Product:

  • Deformed
  • Mild

Important pointers encompassed pertaining to the Product spectrum:

  • Major details about the Product spectrum are provided in the report.
  • The study elaborates on the remuneration forecast of each of the Product categories by the end of the anticipated duration.
  • The market share which each of the Product segments account are mentioned in the study.
  • Also, the most proliferating trends that the Product spectrum is characterized by are also entailed.

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Global steel rebar market share is competitive in nature. Key industry participants are:

  • Acerinox
  • ArcelorMittal
  • Gerdau
  • SAIL
  • Nippon & Sumitomo Metal Corporation
  • Tata Steel
  • Hyundai
  • Essar Steel
  • Jindal Steel & Power Ltd.
  • Daido
  • Kobe
  • NJR
  • Byer

Presence of key manufactures such as Tata Steel, SAIL, Essar Steel and Jindal Steel & Power Ltd. will also play a key role in promoting regional steel rebar market growth. Manufacturers are anticipated to upgrade existing production capacity and adopt new solution through extensive R&D to attain competitive advantage.

Deformed steel rebar dominated the overall industry and expected to witness growth over 4.5% up to 2024. Key properties such as minimum slippage and improved mechanical anchoring supporting product penetration. Increasing demand for reinforced concrete cages, columns, slabs, prefabricated beams, will foster industry growth. Strong application outlook to refurbish old structures will propel steel rebar market.

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