The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing construction and building activities around the world are likely to stimulate innovation in steel rebar manufacturing, propelling the market during the forecast period.

The global steel rebar market is expected to grow from $230.41 billion in 2022 to $245.46 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The global steel rebar market size is expected to reach $307.50 billion in 2027 at a CAGR of 5.8%.

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 Global Steel Rebar Market Segments Include:

• By Product: Deformed, Mild
• By Process: Basic Oxygen Steelmaking, Electric Arc Furnace
• By Application: Residential Buildings, Public Infrastructure, Industrial
• By End-Use Industry: Construction And Infrastructure, Manufacturing, Oil And Gas
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global steel rebar market in 2021.

Major Market Players in the steel rebar market include ArcelorMittal, CELSA Steel UK, Commercial Metal Company, Daido Steel Co Ltd., Gerdau SA, Hyundai Steel, Nippon Steel Corporation, Nucor Corporation, Steel Authority of India.

Product innovation is a significant trend that is gaining traction in the steel rebar market. Major steel rebar market players are working on developing new steel bars with improved mechanical and metallurgical properties so that they may be used in a wider range of applications. For example, in March 2023, GPH Ispat Limited, a steel company based in Bangladesh, launched GPH Quantum B600D-R steel rebar, a new high-grade steel rebar product. The new, higher-quality steel rebar lowers construction costs. It would enhance the floor area and improve the building’s ability to withstand heavy, continuous loads.

The Steel Rebar Global Market Report 2023  provides a steel rebar market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The steel rebar market forecast analyzes steel rebar market size, steel rebar market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Steel rebar is a metal bar that helps to increase the tensile strength of concrete. As a result, the robustness of concrete structures against tensile, bending, torsion, and shearing loads improves.

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