MARKET OVERVIEW
Steel rebar, a steel bar or mesh of steel wires, is used to provide strength and support to concrete structures. It is used in reinforced concrete and masonry as a tension device to compress the concrete. The steel rebar is typically made of carbon steel. It comes in different sizes and shapes and is widely used in various construction projects such as buildings, bridges, and roads. The demand for steel rebar is driven by the growth in the construction industry, particularly in the infrastructure and residential sectors. Increasing government investments in infrastructure development in developing countries also drive the market.
MARKET SCOPE
The "Global Steel Rebar Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the steel rebar market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the steel rebar market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global steel rebar market is segmented into deformed, and mild.
- Based on application, the steel rebar market is bifurcated into residential buildings, infrastructure, and industrial
MARKET DYNAMICS
Drivers:
- Growing economies and increasing construction projects are driving the steel rebar market growth
- Growing building and construction activities in various countries across the globe especially in China and India will boost the steel rebar market growth.
Restraints:
- The volatility in the prices of the raw material may hamper the steel rebar market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (Asia Pacific), the Middle East and Africa (Middle East Africa), and South America. The steel rebar market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely; North America, Europe, Asia Pacific, Middle East Africa, and South America after evaluating political, economic, social and technological factors affecting the steel rebar in these regions.
IMPACT OF COVID-19 ON STEEL REBAR MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. A shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. A few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnership opportunities.
MARKET PLAYERS
The report covers key developments in the steel rebar market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved way for the expansion of business and the customer base of market players. The market players from the steel rebar market are anticipated to witness lucrative growth opportunities in the future with the rising demand for steel rebar in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the steel rebar market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, and the key development in the past five years.
- Tata Steel Ltd.
- Acerinox S.A.
- ArcelorMittal
- CMC Steel
- EVRAZ plc
- Gerdau S/A
- NIPPON STEEL CORPORATION.
- Nucor Corporation
- NLMK.
- JSW Steel
- POSCO ENGINEERING & CONSTRUCTION., LTD.
- Rajhi Steel
- Sunflag Iron and Steel Co. Ltd.
- METINVEST
- Runfei Steel.
- Sino East Steel Enterprise Co. Ltd.
- Tangshan Junnan Trade Co., Ltd
- LLOYD REBAR.
- SHREE JI STEEL CORPORATION
- Kerschgens Werkstoffe & Mehr GmbH