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Steel Rebars - Global Strategic Business Report

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    Report

  • 503 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030412

Global Steel Rebars Market to Reach $357.1 Billion by 2030

The global market for Steel Rebars estimated at US$249.8 Billion in the year 2022, is projected to reach a revised size of US$357.1 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2022-2030. Deformed, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$266.2 Billion by the end of the analysis period. Growth in the Mild segment is estimated at 3.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.6 Billion, While China is Forecast to Grow at 5.3% CAGR

The Steel Rebars market in the U.S. is estimated at US$8.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$172.7 Billion by the year 2030 trailing a CAGR of 5.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

Select Competitors (Total 68 Featured)

  • ArcelorMittal S.A.
  • Celsa Steel Ltd.
  • Commercial Metals Company
  • Daido Steel Co., Ltd.
  • Gerdau S/A
  • HYUNDAI STEEL
  • Jiangsu Shagang Group Co., Ltd.
  • Mechel PAO
  • NLMK Group
  • Nucor Corporation
  • Steel Authority of India Limited
  • Steel Dynamics, Inc.
  • Tata Steel Ltd.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Steel Rebars Market

What is the estimated value of the Steel Rebars Market?

The Steel Rebars Market was estimated to be valued at $249.8 Billion in 2022.

What is the growth rate of the Steel Rebars Market?

The growth rate of the Steel Rebars Market is 4.6%, with an estimated value of $357.1 Billion by 2030.

What is the forecasted size of the Steel Rebars Market?

The Steel Rebars Market is estimated to be worth $357.1 Billion by 2030.

Who are the key companies in the Steel Rebars Market?

Key companies in the Steel Rebars Market include ArcelorMittal S.A., Celsa Steel Ltd., Commercial Metals Company, Daido Steel Co., Ltd., Gerdau S/A, HYUNDAI STEEL, Jiangsu Shagang Group Co., Ltd., Mechel PAO, NLMK Group and Nucor Corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • From Pandemic to War & Inflation: “Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions”
  • Here’s How Inflationary Pressures Affect the Economy
  • Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
  • Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
  • Here’s What’s Causing Inflationary Pressures in the Global Market
  • Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the War, Anti-Inflation Fiscal Policies & Slower Than Desirable Easing of Inflationary Pressures: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • The Pandemic's Impact on the Steel Rebars Market
  • With the Pandemic Crushing the Construction Sector Sentiments, Steel Rebars Market Exhibits Substantial Decline in 2020
  • Steel Rabars Market Looks Up Post Pandemic Scare
  • Competitive Scenario
  • Steel Rebars - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Global Market Prospects & Outlook
  • Growth Opportunities and Restraints for Global Steel Rebars Market
  • Analysis by Type
  • World Steel Rebars Market by Type (2023 & 2030): Percentage Breakdown of Value Sales for Deformed, and Mild
  • Analysis by End-Use
  • World Steel Rebars Market by End-Use (2023 & 2030): Percentage Breakdown of Value Sales for Infrastructure, Residential & Commercial, and Industrial
  • Regional Analysis
  • World Steel Rebars Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2023 & 2030)
  • World Steel Rebars Market - Geographic Regions Ranked by CAGR (Value) for 2022-2030: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
  • Rebars: A Prelude
  • An Introduction to Steel Rebars
  • Alternatives to Concrete Reinforcement by Rebars
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Steel Rebars Reinforce Strength of Structures
  • Use of Stainless Steel Rebars and Glass-Fiber-Reinforced-Polymer Witness a Surge
  • An Optimistic Steel Reinforcement Outlook Defined by Innovation and Cutting-Edge Solutions
  • Demand for High Strength Deformed Bars Gain Momentum
  • Carbon Steel and Epoxy Coated Steel Rebars Witness Robust Demand
  • As Economic Slowdown & Inflation Takes it Toll on the Global Economy, It’s a Muted 2023 for the Construction Market
  • As Inflation Takes Its Toll in the Form of Rising Cost of Construction Materials, Growth Outlook Weakens for all in the Construction Value Chain: Global Prices of Construction Materials (In US$) for Q1 2022 and Q1 2023
  • Global Construction Reset & Trajectory: Growth Outlook (In %) For Years 2019 Through 2025
  • Recovery in Construction Sector to Boost Demand for Steel Rebars
  • Global Construction Spending (in US$ Trillion) for the Years 2020-2028
  • Key Indicators for US Residential Construction Market
  • Bourgeoning Construction Sector to Fuel Demand for Steel Rebars
  • Urbanization Drive: Prime Factor Steering Momentum in the Construction Market
  • World Urban Population in Thousands: 1950-2050
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Select Mega-Urban Regions Worldwide (2035*)
  • Global Value of Megacity Construction Projects (US$ Billion) as of 2019
  • Percentage of Population Living in Apartments for Select Countries
  • Massive Investments on High Rise Buildings & Skyscrapers to Accelerate Market Growth
  • Shift in the World’s Tallest Buildings from Western Countries to Developing Countries
  • Top 25 Completed and Under-Construction Super Tall Buildings Worldwide: Rank, Building, City, Country, Height (in Meters), Floors, and Year of Completion
  • Top 25 Completed Super Tall Buildings Worldwide (2019): Rank, Building, City, Country, Height (in Meters), Floors, and Year of Completion
  • Top 25 Proposed Super Tall Buildings Worldwide (2018): Rank, Building, City, Country, Height (in Meters), Floors, and Year of Completion
  • Applications of Rebars in Commercial Buildings
  • Industrial Activity Remains Subdued, Inducing Weakness into Steel Market During and After the Pandemic
  • Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Rising Investments in Infrastructure Projects Strengthens Market Prospects
  • Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
  • Reinforced Concrete Bridges, Where Durability is the Key
  • Steel Rebars Find Usage in Concrete Pavements
  • Dynamics in the Oil & Gas Industry Driving Market Demand
  • Global E&P CAPEX: 2015-2023
  • Breakdown of Global E&P Spending (in %) by Supply Segment for the Year 2019 & 2020
  • Steel Rebars for Oil & Gas System Facilities
  • Steel Rebar Industry Battles Higher Carbon Footprint
  • Does GFRP Rebar Has an Edge Over Steel Rebar
  • Researchers Undertake Project to Evaluate Corrosion of Steel Rebar
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Steel Rebars Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Steel Rebars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Steel Rebars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Steel Rebars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Deformed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Deformed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Deformed by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Mild by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Mild by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Mild by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Basic Oxygen Steelmaking by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Basic Oxygen Steelmaking by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Basic Oxygen Steelmaking by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Electric Arc Furnace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Electric Arc Furnace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for Electric Arc Furnace by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Infrastructure by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Infrastructure by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Infrastructure by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Residential & Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Residential & Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Residential & Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Steel Rebars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Steel Rebars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Steel Rebars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Steel Rebars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • TURKEY
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Steel Rebars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Steel Rebars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • AFRICA
  • Steel Rebars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ArcelorMittal S.A.
  • Celsa Steel Ltd.
  • Commercial Metals Company
  • Daido Steel Co., Ltd.
  • Gerdau S/A
  • HYUNDAI STEEL
  • Jiangsu Shagang Group Co., Ltd.
  • Mechel PAO
  • NLMK Group
  • Nucor Corporation
  • Steel Authority of India Limited
  • Steel Dynamics, Inc.
  • Tata Steel Ltd.