The steel rebar report provides with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning your own strategies with which you can outshine the competitors. The precise and state-of-the-art information provided via this report helps businesses get aware about the types of steel rebar consumers, consumer’s demands and preferences, their point of view about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the market.
The forecast, analysis, evaluations and estimations carried out in this steel rebar report are all based upon the well established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. The market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are kept at the centre while building this global steel rebar market report. Thus, the wide-ranging market information of the steel rebar report will surely grow business and improve return on investment (ROI).
Steel Rebar Market is expected to rise from its initial estimated value of USD 132.15 billion in 2018 to an estimated value of USD 198.99 billion by 2026, registering a CAGR of 5.25% in the forecast period of 2019-2026. Rising demand of steel rebar from various end users is the major factor for the growth of this market.
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Steel Rebar which is also known as reinforcing steel or reinforcement steel is used as a tension device in reinforced concrete and reinforced masonry structures. They are usually used to strengthen the concrete under the tension. They are also used to protect concrete from the corrosion. Their application can be seen in the manufacturing of bridges, pavement, parking structures and others.
Few of the major competitors currently working in steel rebar market are
- Gerdau S/A,
- NIPPON STEEL CORPORATION,
- Tata Steel,
- Essar Steel,
- EVRAZ plc.,
- Jindal Steel & Power Ltd,
- Steel Dynamics, Inc,
- Acerinox S.A.,
Others HYUNDAI STEEL, Daido Steel Co., Ltd., KOBE STEEL, LTD, Sohar Steel LLC, Celsa Steel, SHAGANG GROUP Inc.
- Increasing investment in the steel rebar is driving the market
- Growing urban population and increasing industrialization is driving the market
- High manufacturing cost of the steel rebar is restraining the market growth
- Increasing prices of the raw material is restraining the market
Global steel rebar market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of steel rebar market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Segmentation: Global Steel Rebar Market
- By Process
- Basic Oxygen Steelmaking
- Electric Arc Furnace
- By Type
- By End- User
- Market Size and Projection
- By Finishing Type
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In March 2019, London Metal Exchange (LME) announced the launch of their seven new contracts which includes hot-rolled coil (HRC) steel, alumina and cobalt. Their main aim is to expand business and get more profit. They have also launched new technologies so that they can make contracts easier, faster and with least expenses.
- In December 2015, on the behalf of ISSF (International Stainless Steel Forum) SCI has developed a new website for the stainless steel. This site is specially designed to give advice on stainless steel rebar and how they are useful. It will also give information about how concrete structures can be used longer than the other materials.
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