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Steel Rebar Market Trends

Report ID: GMI2081
Published Date: Jul 2024
Report Format: PDF

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Steel Rebar Market Trends

Steel rebars are becoming increasingly popular in non-residential applications such as the oil and gas industry, infrastructure projects, commercial development, and corporate structures as cities grow. These industries rely on steel rebar for its strength and durability, which are critical for building strong and long-lasting structures. As cities expand and industrial activity expand, the need for steel rebar in non-residential applications rises, propelling market growth.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of steel rebar was reached USD 147.1 billion in 2023 and is anticipated to register 4.9% CAGR between 2024 and 2032, due to the increasing investment in infrastructure development projects and construction activities.

The deformed segment in the steel rebar market is expected to witness 5% CAGR during 2024 to 2032, due to its curved surface which improves material adhesion and lowers slippage in concrete.

Asia Pacific steel rebar market is projected to reach USD 148.4 billion by 2032, due to the growing economies and increasing construction activity in countries, such as China and India.

Acerinox S.A, ArcelorMittal, Commercial Metals Company, Daido Steel Co Ltd, Gerdau S/A, HBIS Group, Jiangsu Shagang Group, JSW, NIPPON STEEL CORPORATION, NLMK, and Nucor, among others.