The global market for Steel Rebars was valued at US$285.7 Billion in 2024 and is projected to reach US$374.7 Billion by 2030, growing at a CAGR of 4.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Steel Rebars Market - Key Trends & Drivers Summarized
Why Are Steel Rebars Essential in Construction?
Steel rebars, or reinforcing bars, are crucial components in the construction industry, providing the tensile strength necessary to support concrete structures. Concrete, while strong in compression, is weak in tension, making the inclusion of steel rebars essential for enhancing its load-bearing capacity. Rebars are used in a variety of construction applications, from residential buildings to large infrastructure projects like bridges, highways, and skyscrapers. Their ability to absorb and distribute stresses helps prevent cracking and structural failures, ensuring the longevity and safety of concrete constructions. The widespread use of steel rebars underpins the stability and durability of modern architectural and civil engineering projects.What Are the Material and Performance Benefits of Steel Rebars?
Steel rebars offer several material and performance benefits that make them indispensable in construction. They possess high tensile strength, which complements the compressive strength of concrete, creating a composite material capable of withstanding various stresses. Steel rebars also exhibit excellent ductility, allowing structures to absorb and dissipate energy during seismic events, thereby enhancing earthquake resistance. Furthermore, they are available in various grades and sizes, providing flexibility in design and application. Advances in steel production technologies have led to the development of high-strength rebars with improved corrosion resistance, extending the lifespan of concrete structures, especially in harsh environmental conditions.How Is Technology Improving the Production and Use of Steel Rebars?
Technological advancements are continuously improving the production and use of steel rebars, enhancing their performance and sustainability. Innovations in steelmaking processes, such as the use of electric arc furnaces (EAF) and continuous casting, have increased the efficiency and quality of rebar production. The development of microalloyed and thermomechanically treated (TMT) rebars has resulted in products with superior mechanical properties and enhanced corrosion resistance. Additionally, the implementation of automated and robotic systems in rebar manufacturing and placement has increased precision and reduced labor costs. These technological improvements are contributing to more reliable and durable construction projects, supporting the growth of the steel rebar market.What Factors Are Driving the Growth in the Steel Rebars Market?
The growth in the steel rebars market is driven by several factors. The increasing urbanization and infrastructure development, particularly in emerging economies, are major drivers. The demand for high-strength and durable construction materials is boosting the adoption of advanced steel rebars. Technological advancements in rebar production and installation are also enhancing market growth by improving product quality and reducing costs. Additionally, the growing focus on sustainable construction practices is driving the demand for corrosion-resistant and recyclable rebars. The ongoing investments in infrastructure projects and the need for resilient buildings in seismic zones are further propelling the market. These factors collectively ensure the sustained growth of the steel rebars market.Scope of the Study
The report analyzes the Steel Rebars market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Type (Deformed Steel Rebars, Mild Steel Rebars); Process (Basic Oxygen Steelmaking Process, Electric Arc Furnace Process); End-Use (Infrastructure End-Use, Residential & Commercial End-Use, Industrial End-Use).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Turkey; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Deformed Steel Rebars segment, which is expected to reach US$279.1 Billion by 2030 with a CAGR of a 4.9%. The Mild Steel Rebars segment is also set to grow at 3.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $9.1 Billion in 2024, and China, forecasted to grow at an impressive 5.4% CAGR to reach $174.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ArcelorMittal S.A., Celsa Steel (UK) Ltd., a part of Celsa Group, Commercial Metals Company, Daido Steel Co., Ltd., Gerdau S/A and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Steel Rebars Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Steel Rebars Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Steel Rebars Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 73 major companies featured in this Steel Rebars market report include:
- ArcelorMittal S.A.
- Celsa Steel (UK) Ltd., a part of Celsa Group
- Commercial Metals Company
- Daido Steel Co., Ltd.
- Gerdau S/A
- HYUNDAI STEEL
- Jiangsu Shagang Group Co., Ltd.
- Nucor Corporation
- Steel Authority of India Limited
- Steel Dynamics, Inc.
- Tata Steel Ltd.
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIATURKEYREST OF EUROPEAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
ASIA-PACIFIC
MIDDLE EAST
AFRICA
Companies Mentioned
- ArcelorMittal S.A.
- Celsa Steel (UK) Ltd., a part of Celsa Group
- Commercial Metals Company
- Daido Steel Co., Ltd.
- Gerdau S/A
- HYUNDAI STEEL
- Jiangsu Shagang Group Co., Ltd.
- Nucor Corporation
- Steel Authority of India Limited
- Steel Dynamics, Inc.
- Tata Steel Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 519 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 285.7 Billion |
| Forecasted Market Value ( USD | $ 374.7 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
