Steel Rebar Market Statistics 2020 | Trend & Regional Analysis To 2026
Category: #world  By Rahul Varpe  Date: 2020-04-22
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Steel Rebar Market Statistics 2020 | Trend & Regional Analysis To 2026

Global Steel Rebar Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends.  

Steel Rebar Market share was valued at USD 136.6 billion in the year 2018 and is projected to surpass a revenue of USD 198.5 billion by the year 2026. Progressing construction activities in APAC will drive the steel rebar market over the forecast timeframe.

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Steel rebar are mainly employed to impart higher tensile strength to the concrete. They have become an inherent part of building & construction owing to high reinforcement and stress bearing capacity it offers to cement/concrete matrix in the entire structure. In addition, steel's anti-corroding properties provide longer shelf life to structures, thus resulting in greater stability. In 2018, deformed rebar segment dominated the overall market, accounting for close to 75% in terms of revenue. Deformed steel rebar is hot rolled and later deformed through twisting and making grooves over its surface. It imparts greater bonding and tensile strength, thus making it more suitable for vertical infrastructure. Whereas, mild steel rebar are cold rolled steel bars, are used as tensioning device in reinforced masonry structures. They are brittle, despite providing strength, and tensile properties. However they can be drilled, cut, welded; and easily recyclable after use.

Basic Oxygen Steelmaking (BOF) is the oldest and recognized as the most dominant steelmaking technology in the market. BOF mainly utilizes iron ore as its base raw material, in form of both molten pig iron and steel scrap. Oxygen is blown into the melt under a basic slag, where the oxidizing action converts the raw material into steel. It is then processed to produce into deformed or mild steel rebar. On the other hand, electric arc furnace (EAF) is gaining market traction at an impressive rate on account of its lower production cost per tons, and high energy efficiency as compared to BOF.

Top Players –

  • Arcelormittal,
  • Tata Steel,
  • Steel Authority of India Limited (SAIL),
  • Gerdau SA,
  • Nippon Steel & Sumitomo Metal Corporation,
  • Essar Steel,
  • Mechel OAO,
  • Acerinox S.A.,
  • Hyundai Steel,
  • Daido Steel,
  • Kobe Steel,
  • Evraz PLC,
  • Commercial Metals Company (CMC),
  •  Jindal Steel & Power,
  • The Conco Companies,
  • Posco Ss Vina,
  • Barnes Reinforcing Industries,
  • Outokumpu OYJ,
  • Byer Steel,
  • Celsa Steel UK

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Emerging countries of Asia Pacific are aiming to strengthen their infrastructural facilities with an intention to accommodate their continuously growing population. The trend can be primarily observed in countries such as India, Indonesia, China, Malaysia, and Thailand. Regional governments and private financing are mutually supporting building new construction for residential and commercial sectors. Higher steel production from India and China will result in lower steel rebar cost, thereby driving its demand in significant volume over the forecast timeframe.

Major players operating in the steel rebar market are ArcelorMittal, Gerdau SA, Tata Steel, Nippon Steel & Sumitomo Metal, SAIL, Essar Steel, Hyundai Steel, Daido Steel, Mechel OAO, Acerinox S.A., Kobe Steel, Evraz PLC, Jindal Steel & Power Ltd., Commercial Metals Company (CMC), and others.



About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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