| According to IMARC Group’s latest report, titled “Steel Rebar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global steel rebar market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during 2021-2026
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Steel rebar or reinforcement steel is a steel bar or mesh of steel wire used to reinforce and support concrete and other stone structures. It is manufactured using carbon steel, welded wire fabric, epoxy, stainless steel, galvanized and glass-fiber reinforced polymers, iron, sheet-metal, carbon, sulfur and phosphorus. Steel rebars are available in various sizes and shapes like round, square-twisted, ribbed, stretched and ribbed-twisted. They offer numerous advantages, such as high durability, malleability, tensile strength, and thermal resistance.
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Market Trends
Significant growth in the construction industry over the years is primarily driving the market. Steel Rebars are widely used to construct modern infrastructures like skyscrapers, roadways, sewage tunnels, airports and stadiums. They are utilized as prestressed reinforcing bar in construction activities to minimize the slippage and cracking and improve bonding with the cement beams and columns. Additionally, several product innovations, such as the development of thermo-mechanical technology that improves the quality of rebars, are further catalyzing the market growth. Various manufacturers are introducing advanced variants with superior tensile strength, ductility and corrosion resistance properties which will further continue to drive the market for steel rebar in the coming years.
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List of Key Companies Covered in this Market Report:
ArcelorMittal (Mittal Steel Company)
CELSA Steel UK
Commercial Metal Company
Daido Steel Co. Ltd
Gerdau SA
Hyundai Steel
Nippon Steel Corporation
Nucor Corporation
Steel Authority of India
Jiangsu Shagang Group Company Limited
Steel Dynamics Inc.
Tata Steel Limited
The report has segmented the market on the basis of product type, process, finishing type, end use and geography.
Breakup by Product Type:
Deformed
Mild
Breakup by Process:
Basic Oxygen Steelmaking
Electric Arc Furnace
Breakup by Finishing Type:
Epoxy
Coated
Black
Breakup by End Use:
Residential
Commercial
Industrial
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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D) 91 120 433 0800 Americas:- 1 631 791 1145 | Africa and Europe :- 44-702-409-7331 | Asia: 91-120-433-0800, 91-120-433-0800
