About Steel Rebars
Steel rebar is also called a reinforcing bar, is mostly used in the construction sector for concrete reinforcement. The concrete can hold heavy load but it is weak in tension. Steel rebar enables concrete to carry tensile load. There are two types of steel bars such as mild steel bars and deformed steel bars. The emergence of a new construction project announced by the government to improve transportation infrastructure and decreasing the prices of steel rebars are the major drivers for the market. Whereas, newly announced of the mega project in the developing countries have been boosting the growth of the market. Additionally, the emergence of advanced thermo-mechanical technology for improving the quality of steel is supplementing the growth of the market. However, rusting of steel decreases the strength, high cost of fabrication and fluctuation in the prices of raw material is limiting the growth of the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Billion) |
CAGR | 4.5% |
The Vendors having a strong hold in the market are ArcelorMittal, Saudi Iron & Steel Co., Tata Steel Ltd, Zamil Steel Buildings India Pvt. Ltd., Hesteel Group. Analyst at AMA Research estimates that Asian and European Vendors will contribute the maximum growth to Global Steel Rebars market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ArcelorMittal (Luxembourg), Saudi Iron & Steel Co. (Saudi Arabia), Tata Steel Ltd (India), Zamil Steel Buildings India Pvt. Ltd. (India), Hesteel Group (China), Baowu Group (China), Shagang Group (China), Sabic Hadeed (Saudi Arabia), EVRAZ (United Kingdom) and Nucor (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Gruppo Riva (Italy), EMIRATES STEEL COMPANY L.L.C (United Arab Emirates), Steel Asia Manufacturing Corporation (Philippines) and Qatar Steel (Qatar).
Segmentation Overview
AMA Research has segmented the market of Global Steel Rebars market by Type (Mild Steel Bars and Deformed Steel Bars (Thermo Mechanically Treated Bars, High Strength Deformed Bars)), Application (Infrastructure, Housing, Industrial and Others) and Region.
On the basis of geography, the market of Steel Rebars has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Construction Industry will boost the Steel Rebars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Finishing Type, the sub-segment i.e. Epoxy will boost the Steel Rebars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process Type, the sub-segment i.e. Basic Oxygen Steelmaking will boost the Steel Rebars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
An Emergence of Advanced Thermo-Mechanical Technology for Improving Quality of Steel
Market Growth Drivers:
Increasing Demand of Steel Rebars due to Rising Funding from Government for Development of Transportation Infrastructure and Decreasing the Prices of Steel Rebars
Challenges:
High Cost of Fabrication Used for Casting Limiting the Growth of the Market and Fluctuation in the Prices of Raw Material Used For Manufacturing Steel Rebars
Restraints:
Rusting of Unprotected Steel Decreases Strength of the Steel
Opportunities:
Upcoming Mega Projects such as The Hong Kong-Zhuhai-Macau Bridge, Beijing Daxing International Airport and others will grow market, Advanced Features such as ductility, high tension, offers perfect shaped beams, and columns and Increasing Research and Development Activities by Established Players
On December 04, 2018, Tata Steel had launched new steel rebars named as TATA TISCON SD in South India. The as TATA TISCON SD is made by using a mix of carbon, sulfur, phosphorous and other alloying elements. The key features of the product include higher evacuation time in case of earthquakes and other calamities, guarantee more than basic characteristic strength and others.
There are various standards available for steel rebars. For instance, European standards for reinforcement includes, EN 10138-1. Prestressing steels. General requirements, EN 10138-2. Prestressing steels. Wire, EN 10138-3. Prestressing steels. Strand and EN 10138-4. Prestressing steels. Bars
Key Target Audience
Steel Rebars Manufacturers, Distribution and Suppliers, Raw Material Suppliers, Investors, Research and Development Organization, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.