Steel Rebar Market 2019–2024 | Top Players: Essar Steel, ArcelorMittal, Jindal Steel & Power Ltd., ACERINOX S.A., Steel Dynamics Inc, Tata Steel
The data in Steel Rebar Market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others. The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Steel Rebar industry including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research.
Steel rebar market in Asia Pacific will generate revenue over USD 110 billion by 2024. The region already accounts for 60% of the world population and increasing necessity to accommodate rising inhabitants will enhance regional construction spending. In addition, regional technology services sector expansion will also propel telecommunications infrastructure investments. Presence of key manufactures such as Tata, SAIL, Essar and Jindal will also play a key role in promoting regional industry growth.
Rapid construction of highways, bridges & buildings, and public utilities owing to shifting economic and demographic trends will drive steel rebar market Increasing smart city projects financed by public-private partnership will propel product application scope. As per industry estimates, global infrastructural spending was over USD 4.5 trillion in 2016.
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Steel Rebar Market by Product Analysis:
Deformed steel rebar dominated the overall industry and expected to witness growth over 4.5% up to 2024. Key properties such as minimum slippage and improved mechanical anchoring supporting product penetration. Increasing demand for reinforced concrete cages, columns, slabs, prefabricated beams, will foster industry growth. Strong application outlook to refurbish old structures will propel steel rebar market
Steel Rebar Market by Application Analysis:
Public infrastructure estimated to witness CAGR over 4.5% up to 2024. Increasing necessity to build and upgrade bridges, roads, government institutions, airports, water treatment infrastructure and rail services fueling product demand. Changing consumer trends and rising disposable income will drive the construction of new commercial buildings, shopping malls, and sports complexes over the projected timeframe.
Global steel rebar market share is competitive in nature. Key industry participants are:
· Nippon & Sumitomo Metal Corporation
· Tata Steel
· Hyundai Steel
· Essar Steel
· Jindal Steel & Power Ltd.
Manufacturers are anticipated to upgrade existing production capacity and adopt new solution through extensive R&D to attain competitive advantage.
Steel Rebar Market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, application, region and end-use. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the Steel Rebar industry, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the Steel Rebar Industry competitive environment, diving into the industry position of each major company along with the strategic landscape.