Global Steel Rebar Market to Reach $170.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Steel Rebar estimated at US$133.9 Billion in the year 2020, is projected to reach a revised size of US$170.2 Billion by 2027, growing at a CAGR of 3.5% over the period 2020-2027. Deformed Steel, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$125.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mild Steel segment is readjusted to a revised 2.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $36.1 Billion, While China is Forecast to Grow at 6.4% CAGR
The Steel Rebar market in the U.S. is estimated at US$36.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$35.8 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.
Select Competitors (Total 38 Featured):
Amid the COVID-19 crisis, the global market for Steel Rebar estimated at US$133.9 Billion in the year 2020, is projected to reach a revised size of US$170.2 Billion by 2027, growing at a CAGR of 3.5% over the period 2020-2027. Deformed Steel, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$125.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mild Steel segment is readjusted to a revised 2.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $36.1 Billion, While China is Forecast to Grow at 6.4% CAGR
The Steel Rebar market in the U.S. is estimated at US$36.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$35.8 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.
Select Competitors (Total 38 Featured):
- Acerinox SA
- ArcelorMittal
- Barnes Reinforcing Industries
- Byer Steel Corporation
- Celsa Steel (UK) Ltd.
- Commercial Metals Company (CMC)
- Daido Steel Co., Ltd.
- Essar Steel India Ltd.
- EVRAZ PLC
- Gerdau SA
- Hyundai Steel Co., Ltd.
- Jiangsu Shagang Group
- Jindal Steel & Power Ltd.
- Kobe Steel Ltd.
- MECHEL PAO
- Nippon Steel & Sumitomo Metal Corporation
- Njr Steel
- Outokumpu Oyj
- POSCO SS VINA (PSSV)
- Sohar Steel LLC.
- Steel Authority of India Ltd. (SAIL)
- Steel Dynamics, Inc.
- SteelAsia Manufacturing Corporation
- Tata Steel Ltd.
- The Conco Companies
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| Report Attribute | Details |
|---|---|
| No. of Pages | 365 |
| Published | April 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD ) in 2020 | $ 133.9 Billion |
| Forecasted Market Value ( USD ) by 2027 | $ 170.2 Billion |
| Compound Annual Growth Rate | 3.5% |
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
1. MARKET OVERVIEW
III. MARKET ANALYSIS
IV. COMPETITION
