Steel Rebar Market by Type (Deformed Steel, Mild Steel), Process (Basic Oxygen Steelmaking Process, Electric Arc Furnace Process), End User (Infrastructure, Housing and Industrial), Region - Global Forecast to 2021
Steel rebar market is projected to reach USD 154.08 billion by 2021
The steel rebar market is projected to reach USD 154.08 billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Increasing consumption of steel rebar in infrastructure, housing, and industrial segments is driving the steel rebar market. The growing construction industry and construction projects are also fueling the growth of the steel rebar market. However, overproduction of steel rebar has led to an increase in steel dumping incidents, and increasing dumping incidents have driven several countries to impose the anti-dumping duty.
Infrastructure is the largest and fastest-growing segment in the steel rebar market
Modernization and maintenance of infrastructure projects has led to the growth of the infrastructure segment. Increasing investments in new infrastructure projects and maintenance of existing projects are contributing towards the steel rebar infrastructure market being the largest and fastest-growing segment. This sector includes all road, highway and bridge construction, sewage system, airport, and stadium projects. The growth in this industry is expected to lead to the growth in demand for steel rebar during the forecast period.
The Asia-Pacific region is expected to lead the steel rebar market during the forecast period
Asia-Pacific is estimated to have accounted for the largest share of the steel rebar market in 2016, followed by Europe and Middle East & Africa. China is one of the major producers and consumers of steel rebar in the Asia-Pacific region. The rapidly growing construction industry in countries such as China and India has fueled the growth of the steel rebar market in the region. The Asia-Pacific is also the fastest growing region in the steel rebar market. Growing usage of steel rebar in infrastructure, housing, and industrial segments, growing economies and increasing domestic consumption, and increase in disposable incomes, are some of the major factors expected to drive the steel rebar market.
BREAKDOWN OF PRIMARIES
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up of profiles of primary discussion participants is given below.
BREAKDOWN OF PROFILES OF PRIMARY PARTICIPANTS:
• By Company Type: Tier 1 - 35%, Tier 2 - 41%, and Tier 3 - 24%
• By Designation: C Level - 56%, Director Level - 28%, and Others - 16%
• By Region: Asia-Pacific - 33%, North America - 27%, Europe - 20%, Middle East & Africa - 13% and South America - 7%
Major companies profiled in this 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), EVRAZ plc (U.K.), Sohar Steel LLC (Oman), Celsa Steel U.K. (U.K.), Kobe Steel Ltd. (Japan), Jiangsu Shagang Group (China), NJR Steel (South Africa), Commercial Metals Company (U.S.), The Conco Companies (U.S.), Barnes Reinforcing industries (South Africa), Jindal Steel & Power ltd. (India), Steel Dynamics (U.S.), Steel Asia Manufacturing Corporation (Philippines), Outokumpu Oyj (Finland), Acerinox S.A. (Spain), Hyundai Steel (South Korea), Daido Steel Co., Ltd. (Japan), and Byer Steel (U.S.).
This report offers an overview of the market trends, drivers, and barriers with respect to the steel rebar market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, North America, Europe, Middle East & Africa, and South America. The report categorizes the steel rebar market on the basis of process, type, end user, and region. A detailed analysis of the leading players, along with key growth strategies adopted by them is also covered in the global report.
Reasons to Buy the Report:
This report covers the following key aspects:
• The market size by 2021 and the growth rate during the period, 2016-2021
• The key market trends
• The factors expected to drive the growth of the market
• The barriers that impact market growth
• The key players in this market
• The global report covers key regions, such as North America, Europe, and Asia-Pacific, including major countries in these regions such as the U.S., China, Japan, India, Germany, and Italy
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