Steel Rebar Market Report 2023-2028 | Industry Size, Share, Growth, Trends Analysis

 IMARC Group, a leading market research company, has recently released report titled “Steel Rebar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global steel rebar market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the steel rebar market?

The global steel rebar market size reached US$ 231.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 333.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

What is steel rebar?


Steel rebars, or steel reinforcement bars, are essential construction materials used to reinforce concrete structures and stonework. They are typically made from carbon steel and designed with deformations that increase their bonding capacity with concrete. They can also be manufactured using glass, carbon, or basalt fiber. They are renowned for their versatility and ability to enhance the tensile strength of concrete in compression. They are widely used in the construction industry due to their advantages, such as high bendability, reduced risk of cracking, high impact resistance, reduced spalling at joint edges, and long-lasting durability. At present, steel rebars are gaining immense traction across the globe to improve the overall balance of concrete structures.

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What are the growth prospects and trends in the steel rebar industry?

The global steel rebar market is primarily driven by the rising product utilization in various structures such as skyscrapers, roads, highways, bridges, sewage tunnels, airports, and stadiums. Moreover, the rising adoption of steel rebars as prestressed reinforcing bars in construction activities for minimal slippage and improved bonding with cement beams and columns is positively influencing the market growth. Additionally, numerous product innovations, such as the development of thermo-mechanical technology that enhances the quality of rebars, allowing manufacturers to create variants with superior tensile strength, ductility, and corrosion resistance, have catalyzed the market growth. Other factors, including rising demand for steel rebars in non-residential sectors, rapid industrialization, and significant growth in the construction industry, are also anticipated to drive the market further.

What is included in market segmentation?

The report has segmented the market into the following categories:

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 Region:

  • 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

Who are the key players operating in the industry?

The report covers the major market players including:

  • 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

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2556&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

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 Group’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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