Steel Rebar Market .pdf
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Steel Rebar Market – Global Industry Analysis
Report, Share, Growth, Price Trends and Forecast,
2024: Global Market Insights Inc.
The global Steel Rebar Market share report provides numbers for applications and
regional segments of the industry covering historical as well as forecast data for
decision makers. Rapid growth in residential, commercial and industrial infrastructure
has augmented their usage. These are used along with concrete to enhance
strength of buildings as both have almost similar thermal co-efficient value.
Demand for energy has augmented with rise in industries and buildings that in turn
has spurred infrastructure for both renewable and non-renewable energy. These are
used in renewable energy infrastructure that includes wind mills as they require high
tensile strength and property to endure stress and fatigue. Further, these are more
affordable than other materials namely aluminium.
Steel rebar or reinforcing bars are hot rolled bars widely used in construction
industries particularly for concrete reinforcement. These are used as tensioning
agents in construction for holding concrete in compressed state as concrete has low
strength. It can be bent as per the required structure formation and reduces cracking
& spalling joint edges and enhances durability, impact resistance in structure.
Presence of substitutes including basalt and fibre reinforced polymer material having
high tensile strength and eco-friendly nature poses a challenge for its growth.
Additionally, harmful gasses emission from its manufacturing plants that includes
carbon, sulphur & nitrogen oxide and discharge waste to water makes it difficult to
meet environmental norms of industrial discharge and air pollution.
Based on end use, steel rebar market is classified as manufacturing, construction
and marine industry. Construction industry has substantial share owing to continuous
increasing population and drift of people towards urban areas. There has been as
increase in government spending in structures including highway, bridges and pillars
that employ them to enhance infrastructure durability. Marine industry uses epoxy
coated for protection against corrosion.
North America led by the U.S. has significant share owing to growing oil & gas
pipeline structures. Increasing government initiatives for public infrastructures and
smart cities shall augment steel rebar market. Europe has moderate share with
developing infrastructure and rising imports. It is expected that around 80% of
population in Europe shall move towards urban areas till 2030.
Steel rebar market is quite fragmented with presence of regional and local players.
Prominent players include ArcelorMittal, Nucor Corporation, Tillos, Nippon, Posco,
SAIL, Tata, Essar, Kobe, Commercial Metals Company, Jindal, Hyundai, Byer and
Gerdau are strengthening their sales and distribution channel to enhance market
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Trends, Competitive Market Share & Forecast, 2016 – 2024
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