The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Strong Market Growth in Recent Years

• Market Size Growth: The steel rebar market grew from $245.46 billion in 2023 to $260.97 billion in 2024, reflecting a CAGR of 6.3%.
• Key Drivers:
  • Infrastructure development and construction projects
  • Population growth and urbanization
  • Government investments in construction
  • Resilience and strength requirements in construction
  • Global economic growth and industrialization

Projected Market Expansion

• Future Growth: The market is expected to reach $327.85 billion by 2028, growing at a CAGR of 5.9%.
• Growth Drivers:
  • Renewable energy infrastructure projects
  • Smart cities and sustainable construction practices
  • Increasing demand for high-strength rebar
  • Global recovery from the COVID-19 pandemic
  • Expansion of transportation infrastructure

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Major Trends Shaping the Market

• Sustainable Innovations: Innovations in sustainable steel production and technological advancements.
• Green Practices: Adoption of green and sustainable practices.
• Microalloying Technology: Use of microalloying for enhanced performance.
• Market Expansion: Growth in developing economies.
• Quality Standards: Stringent quality standards and regulatory compliance.

Building and Construction Boom Driving the Market

• Global Activities: Increased building and construction activities worldwide are driving market growth.
• US Construction Industry: In 2022, the US construction industry grew by 5.21%, reaching $2.016 trillion in Q1 2022.
• Steel Rebars Role: Essential for strengthening and holding concrete structures in tension.

Major Market Players

• Leading Companies: ArcelorMittal S.A., CELSA Steel UK Ltd., Commercial Metal Company, Daido Steel Co. Ltd., Gerdau S.A., Hyundai Steel Co. Ltd., Nippon Steel Corporation, Nucor Corporation, Steel Authority of India Limited, and more.

Innovative Evolution Advancing Steel Rebars

• Product Innovation: Focus on producing new steel bars with better mechanical and metallurgical properties.
• GPH Ispat Limited: Launched GPH Quantum B600D-R steel rebar in March 2023, reducing construction costs and increasing building capacity.

Strategic Acquisitions in the Industry

• FABco’s Acquisition: In February 2022, FABco acquired Volunteer Rebar, LLC to enhance its construction offerings and service to a national customer base.

Market Segmentation

• 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

Regional Insights

• Asia-Pacific Dominance: Largest market in 2023 and expected to be the fastest-growing region during the forecast period.

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The Steel Rebar Global Market Report 2024  provides an overview of the steel rebar market 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 and their market positions.

The Table Of Content For The Steel Rebar Market Include:
1. Steel Rebar Market Executive Summary
2. Steel Rebar Market Segments
3. Steel Rebar Market Size And Steel Rebar Market Growth Rate
4. Key Steel Rebar Market Trends
5. Major Steel Rebar Market Drivers
……
25. Key Mergers And Acquisitions In The Steel Rebar Market
26. Top Steel Rebar Companies
27. Steel Rebar Market Opportunities And Strategies
28. Steel Rebar Market, Conclusions And Recommendations
29. Appendix

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