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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.
How Big is the Steel Rebar Market?
The steel rebar market was valued at approximately USD 230.03 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5% from 2024 to 2030, reaching nearly USD 323.68 billion. This growth is driven by the increasing demand for steel rebar in construction, driven by infrastructure projects, urbanization, and the need for durable and flexible reinforcement materials.
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What are the Emerging Trends in the Steel Rebar Market?
Emerging trends in the steel rebar market include a growing preference for deformed steel rebar due to its superior bonding properties and flexibility compared to mild steel rebar. Additionally, there is a notable shift towards using advanced steel grades and incorporating technology for enhanced performance. Increased government investment in infrastructure projects and the development of smart cities are also driving the demand for steel rebar, particularly in emerging economies.
What are Steel Rebar Market Dynamics?
The steel rebar market dynamics are influenced by the robust demand from the construction sector, particularly for infrastructure development in emerging economies like China, India, and Brazil. Key drivers include urbanization, government initiatives, and economic growth. However, challenges such as shortages of skilled labor and high costs of production materials may restrain market growth. Opportunities lie in increased government spending on infrastructure and advancements in steel technology.
The Following Key Segments Are Covered In Our Report
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
What are the key drivers for the Steel Rebar Market for smart sensors?
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
Steel Rebar Market Introduction (TOC)
- 1. Steel Rebar Market Introduction
1.1. Study Assumption and Market Definition
1.2. Scope of the Study
1.3. Executive Summary
How are the regional markets progressing in Steel Rebar Market?
In 2023, the Asia Pacific region dominated the steel rebar market, holding over 61% of the revenue share, driven by substantial investments in construction and infrastructure projects in China and India. North America is also witnessing steady growth, fueled by increased government funding for infrastructure. Meanwhile, Europe is seeing significant investment in rail and transportation infrastructure, which is expected to boost market growth in the region.
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