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Asia And Europe Steel Rebar Market Size, Share & Trends Analysis Report by Application (Construction, Infrastructure, Industrial), by Region, and Segment Forecasts, 2021-2028

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    Report

  • 80 Pages
  • January 2022
  • Region: Asia Pacific, Europe
  • Grand View Research
  • ID: 5534087
The Asia and Europe steel rebar market size is expected to reach USD 283.1 billion by 2028. The market is expected to expand at a CAGR of 7.8% from 2021 to 2028. Government support by countries in Asia and Europe for the residential and real estate sector is projected to boost the market growth in the long run. The construction segment held the largest revenue share in 2020 and is likely to continue its dominance from 2021 to 2028.

Supportive government policies along with sustained demand for housing are projected to remain key drivers for the market in emerging economies such as China, India, and ASEAN. For instance, in the National Budget 2021, the Indian government allocated around USD 6,700 million to the Ministry of Housing and Urban Development (MoHUA). Additionally, subsidies from governments for first-time homebuyers in developing and developed countries have benefited the growth of the residential sector.

Countries such as China, India, Germany, Australia, and Indonesia have announced numerous schemes to aid the growth of the real estate sector. These schemes are partially or fully funded by governments in these countries, which ultimately benefit the growth of the construction sector. The popularity of deformed steel rebars is increasing due to demand for high strength in construction structures. Deformed bars also assist in savings in terms of cost and raw material required.

For instance, if a bridge requires 1000 tons of mild steel rebars for construction, using deformed steel can help save 600 tons of steel. Thus, it also assists in cost reduction due to less usage of steel. Demand for Glass Fiber Reinforced Fiber (GFRP) rebar is projected to remain a restraining factor for market growth. Recently, Saudi Aramco constructed a stormwater drainage channel in Jizan, Saudi Arabia, using GFRP rebar products, owing to the occurrence of floods during heavy rains due to runoff from nearby mountains.

High-temperature variation and high salinity in the region contributed to faster cracking in the concrete, which led Saudi Aramco to increase the use of GFRP rebars in high-corrosion environments. GRFP rebars weigh 25% of that of steel rebar, which helps them in handling longer lengths with fewer people for moving and positioning. Usage of GRFP helped the company in cost reduction and faster completion of the project.

Asia And Europe Steel Rebar Market Report Highlights

  • In terms of revenue and volume, Asia emerged as the largest region of the market. It accounted for a volume share of over 81.0% in 2020. The demand in the region is projected to fuel by rising construction and infrastructure spending in India, China, and ASEAN countries
  • China emerged as the largest market in the Asian region and it is projected to witness a CAGR of 8.4% from 2021 to 2028, in terms of revenue. The rising construction of high-rise buildings in China is projected to attract demand for steel rebar products over the coming years. As of the first half of 2021, there were about 2,582 buildings in China that are over 150 meters tall while a number of new high-rise buildings are under construction
  • In terms of volume, Europe is anticipated to grow at a rate of 2.8% over the forecast period. Europe witnessed sluggish growth for steel rebar demand in the recent past, owing to the temporary closure of numerous construction sites amidst the pandemic. Top economies in the region including Spain, Italy, Germany, and France reported a significant number of COVID-19 cases in 2020 and 2021
  • In terms of revenue, infrastructure application is projected to remain the fastest-growing segment over the next eight years, with a CAGR of 8.3%. Governments’ high focus on infrastructure to expand the Gross Domestic Product (GDP) in the Asian and European countries is projected to assist the growth of the segment


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Frequently Asked Questions about the Asian And European Steel Rebar Market

What is the estimated value of the Asian And European Steel Rebar Market?

The Asian And European Steel Rebar Market was estimated to be valued at $200.5 Billion in 2021.

What is the growth rate of the Asian And European Steel Rebar Market?

The growth rate of the Asian And European Steel Rebar Market is 5.1%, with an estimated value of $283.1 Billion by 2028.

What is the forecasted size of the Asian And European Steel Rebar Market?

The Asian And European Steel Rebar Market is estimated to be worth $283.1 Billion by 2028.

Who are the key companies in the Asian And European Steel Rebar Market?

Key companies in the Asian And European Steel Rebar Market include ArcelorMittal, NLMK, Steel Authority of India (SAIL), JSW, JFE Corporation, Nucor, Evraz plc, Celsa Group, HBIS Group and Tata Steel.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Segmental Outlook
2.2. Competitive Outlook
Chapter 3. Asia and Europe Steel Rebar Market Variables, Trends & Scope
3.1. Asia and Europe Steel Rebar Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Outlook
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Porter’s Five Forces Analysis
3.7.1. Supplier Power
3.7.2. Buyer Power
3.7.3. Substitution Threat
3.7.4. Threat from New Entrant
3.7.5. Competitive Rivalry
3.8. PESTEL Analysis
3.8.1. Political Landscape
3.8.2. Economic Landscape
3.8.3. Social Landscape
3.8.4. Technological Landscape
3.8.5. Environmental Landscape
3.8.6. Legal Landscape
Chapter 4. Asia and Europe Steel Rebar Market: Application Outlook Estimates & Forecasts
4.1. Asia and Europe Steel Rebar Market: Application Movement Analysis, 2020 & 2028
4.2. Construction
4.2.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
4.3. Infrastructure
4.3.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
4.4. Industrial
4.4.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
Chapter 5. Asia and Europe Steel Rebar Market Regional Outlook Estimates & Forecasts
5.1. Regional Snapshot
5.2. Asia and Europe Steel Rebar Market: Regional Movement Analysis, 2020 & 2028
5.3. Europe
5.3.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.3.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.3.3. Germany
5.3.3.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.3.3.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.3.4. U.K.
5.3.4.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.3.4.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.3.5. France
5.3.5.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.3.5.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.3.6. Russia
5.3.6.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.3.6.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.3.7. Turkey
5.3.7.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.3.7.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.4. Asia
5.4.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.4.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.4.3. China
5.4.3.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.4.3.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.4.4. India
5.4.4.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.4.4.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.4.5. Japan
5.4.5.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.4.5.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.4.6. South Korea
5.4.6.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.4.6.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.4.7. ASEAN
5.4.7.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
5.4.7.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
Chapter 6. Competitive Analysis
6.1. Key Players & Recent Developments & Their Impact On The Industry
6.2. Company Categorization (Market Leaders, Emerging Players, Key Innovators)
6.3. Vendor Landscape
6.3.1. List of Raw Material Suppliers, Distributors, and Other Prominent Manufacturers
6.3.2. List of Asia and Europe Steel Rebar Manufacturers
Chapter 7. Company Profiles
7.1. ArcelorMittal
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. NLMK
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. Steel Authority of India (SAIL)
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. JSW
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. JFE Corporation
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. Nucor
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Evraz plc
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Celsa Group
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. HBIS Group
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Strategic Initiatives
7.10. Tata Steel
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives
"Chapter 1 Methodology and Scope
List of Tables
Table 1. Asia and Europe steel rebar market estimates and forecasts, in construction, 2017 - 2028 (USD Million) (Kilotons)
Table 2. Asia and Europe steel rebar market estimates and forecasts, in infrastructure, 2017 - 2028 (USD Million) (Kilotons)
Table 3. Asia and Europe steel rebar market estimates and forecasts, in industrial, 2017 - 2028 (USD Million) (Kilotons)
Table 4. Europe steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 5. Europe steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 6. Europe steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 7. Germany steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 8. Germany steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 9. Germany steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 10. France steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 11. France steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 12. France steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 13. U.K. steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 14. U.K. steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 15. U.K. steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 16. Russia steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 17. Russia steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 18. Russia steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 19. Turkey steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 20. Turkey steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 21. Turkey steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 22. Asia steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 23. Asia steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 24. Asia steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 25. China steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 26. China steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 27. China steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 28. India steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 29. India steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 30. India steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 31. Japan steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 32. Japan steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 33. Japan steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 34. South Korea steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 35. South Korea steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 36. South Korea steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 37. ASEAN steel rebar market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 38. ASEAN steel rebar market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 39. ASEAN steel rebar market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
List of Figures
Fig 1. Asia and Europe steel rebar market segmentation
Fig 2. Information procurement
Fig 3. Primary research pattern
Fig 4. Primary research process
Fig 5. Primary research approaches
Fig 6. Asia and Europe steel rebar market - Segmental outlook
Fig 7. Asia and Europe steel rebar market, 2017 - 2028 (USD Million) (Kilotons)
Fig 8. Penetration & growth prospect mapping
Fig 9. Asia and Europe steel rebar market - Value chain analysis
Fig 10. Market driver analysis
Fig 11. Market restraint analysis
Fig 12. Asia and Europe steel rebar market: Application movement analysis, 2020 & 2028 (%)
Fig 13. Asia and Europe steel rebar market: Regional snapshot
Fig 14. Asia and Europe steel rebar market: Regional movement analysis, 2020 & 2028 (%)

Companies Mentioned

  • ArcelorMittal
  • NLMK
  • Steel Authority of India (SAIL)
  • JSW
  • JFE Corporation
  • Nucor
  • Evraz plc
  • Celsa Group
  • HBIS Group
  • Tata Steel

Methodology

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