Projection of Revenue Growth:
The Steel Rebar Market size was valued at US$ 230.03 Bn. in 2023 and the total Steel Rebar Market revenue is expected to grow at 5 % from 2024 to 2030, reaching nearly US$ 323.68 Bn.
Steel Rebar Market Overview:
The comprehensive market analysis explores the dynamic competitive landscape, providing vital insights into market share data and detailed profiles of leading global companies. By thoroughly examining the Steel Rebar Market, the study uncovers the primary factors contributing to regional variations in the industry's growth.
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Steel Rebar Market Scope:
After the market valuation phase, extensive primary research was conducted to collect, analyze, and verify essential data. This process included assessing market size, forecasting future trends, identifying key factors, and ensuring data accuracy through triangulation. Using both top-down and bottom-up approaches, as well as additional verification methods, we thoroughly examined the market segments and sub-segments. All gathered data underwent rigorous qualitative and quantitative analysis, ensuring the report offers comprehensive insights.
Steel Rebar Market Regional Insights
The detailed regional analysis in Steel Rebar market research identifies key drivers and highlights regulatory changes that shape current and future market trends. By examining both existing and emerging patterns, the research uncovers hidden market potential and highlights profitable opportunities to enhance market positioning. This evaluation, which considers both present conditions and future developments, provides a solid foundation for understanding the dynamics of various geographic markets.
Steel Rebar Market Segmentation
by Type
1. Deformed
2. Mild
by Bar Size Type #3 Bar Size
#4 Bar Size
#5 Bar Size
#8 Bar Size
Other
by Coating Type
Plain Carbon Steel Rebar
Galvanized Steel Rebar
Epoxy Coated Steel Rebar
by Process Type
Basic Oxygen Steelmaking
Electric Arc Furnace
by End User Infrastructure
Housing
Industrial
Steel Rebar Market Key Players
1. Steel Dynamics, Inc.
2. DAIDO STEEL Co. Ltd.
3. Acerinox S.A.
4. CMC
5. Gerdau S/A
6. HBIS GROUP
7. POSCO
8. SAIL
9. SHAGANG GROUP Inc.
10. JSW
11. Tata Steel
12. NLMK
13. NIPPON STEEL CORPORATION
14. Nucor
15. ArcelorMittal
16. Essar Steel
17. Mechel PAO
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Conclusion:
The Steel Rebar Market, valued at USD 230.03 billion in 2023, is projected to reach USD 323.68 billion by 2030, growing at a 5% CAGR. This growth is driven by increasing demand from the construction sector, particularly in developing economies and urbanization efforts. Government infrastructure investments and projects in smart cities, water purification, and manufacturing facilities further propel market expansion. Despite challenges like a skilled labor shortage and limited awareness, significant opportunities arise from infrastructure development and non-corrosive rebar applications in the oil and gas industry. The Asia Pacific region leads in revenue, with North America also showing robust growth due to substantial infrastructure funding.
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