Steel Rebar Market by Type (Deformed & Mild), Process (Basic Oxygen Steelmaking & Electric ARC Furnace), End-Use (Housing, Infrastructure, Industrial), Region (North America, EU, APAC, MEA, South America) - Global Forecast to 2025
[120 Pages Report] The global steel rebar market size is estimated to be USD 198.7 billion in 2020 and is projected to reach USD 246.3 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. Increasing building & construction activities (especially in China, Japan, and India), recovering construction sector in Europe, a surge in non-residential construction activities in North America, and a shift in trend towards the use of enhanced grades of steel rebar is expected to drive the growth of steel rebar industry during the forecast period.
The deformed steel rebar segment is projected to lead the steel rebar market during the forecast period
The major types of steel rebars are deformed and mild steel. Deformed is the largest and fastest-growing market, owing to its deformed surface, which helps in the bond between materials and minimizes slippage in concrete.
Based on end-use, the infrastructure segment is projected to lead the steel rebar market during the forecast period
The steel rebar industry by end-user has been classified into infrastructure, housing, and industrial segments. Infrastructure is the largest and fastest-growing segment, as steel rebar is used widely in infrastructure projects, which include bridges, highways, dams, and stadia, among others.
Electric arc furnace production process to lead the market growth during the forecast period
Based on the production process, the market for steel rebar has been classified into basic oxygen steelmaking and electric arc furnace. The basic oxygen steelmaking segment is the largest segment owing to its superior characteristics such as high production rate, steel with low nitrogen content, and requiring less labor. However, the electric arc furnace segment is expected to grow at the highest CAGR due to its environment-friendly production process, which utilizes steel scrap to manufacture products and energy efficiency.
Asia Pacific projected to be the largest steel rebar market during the forecast period
Asia-Pacific is the largest market for steel rebar due to the growing economies and increasing construction projects. The growth of the Asia-Pacific steel rebar industry can be attributed to an increase in the consumption of infrastructural and housing projects by construction industries. The Asia-Pacific steel rebar market is expected to grow at the highest CAGR between 2020 and 2025 and includes countries such as China, Japan, India, and South Korea. The market in this region is witnessing increased consumption of steel rebar for construction projects initiated by governments and private sectors.
Key Market Players
Major market players covered in the report are ArcelorMittal (Luxembourg), Gerdau S.A (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), Posco SS Vina, Co. Ltd (Vietnam), Steel Authority of India Limited (India), Tata Steel Ltd. (India), Essar Steel (India), Mechel PAO (Russia), Nucor Corporation (U.S.), Sohar Steel LLC (Oman), Celsa Steel UK (U.K.), Ansteel Group (China), Hyundai Steel (South Korea), Kobe Steel, Ltd. (Japan), Jiangsu Shagang Group Co., Ltd. (China), JFE Steel Corporation (Japan), Commercial Metals Company (U.S.), Daido Steel (Japan), Barnes Reinforcing Industries (pty) Ltd (South Africa), Jindal Steel & Power Ltd. (India), Steel Dynamics, Inc. (U.S.), Outokumpu Oyj (Finland), Acerinox S.A. (Spain), Hyundai Steel Company (South Korea), Daido Steel Co., Ltd. (Japan), and Byer Steel Group Inc. (U.S.). These players focus on strategies, such as contracts, product launches, acquisitions, partnerships, expansions, joint ventures, and investments that have helped them to expand their businesses in untapped and potential markets. The diversified product portfolios and multiple uses are factors responsible for strengthening the positions of these companies in the steel rebar market. They have adopted various organic and inorganic growth strategies, such as new product launches, acquisitions, and contracts, to enhance their current positions in the steel rebar sector.
Scope of the Report:
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Report Metric |
Details |
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Market size available for years |
2018-2025 |
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Base year considered |
2019 |
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Forecast period |
2020–2025 |
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Forecast units |
Volume (Million Tons) and Value (USD Billion) |
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Segments covered |
Type, Process, End-use, and Region |
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Regions covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
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Companies covered |
ArcelorMittal (Luxembourg), Gerdau S.A (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), Posco SS Vina, Co. Ltd (Vietnam), Steel Authority of India Limited (India), Tata Steel Ltd. (India), Essar Steel (India), Mechel PAO (Russia), Nucor Corporation (U.S.), Sohar Steel LLC (Oman), Celsa Steel UK (UK), Ansteel Group (China), Hyundai Steel (South Korea), A total of 25 major players covered. |
This report categorizes the steel rebar market based on type, process, end-use, and region.
Based on End User:
- Infrastructure
- Housing
- Industrial
Based on Type:
- Deformed
- Mild
Based on Process:
- Basic Oxygen Steelmaking
- Electric Arc Furnace
Based on the region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Recent Developments
- ArcelorMittal in January 2020, secured a supply contract of rebar for the construction of a new liquefied natural gas (LNG) terminal, located near Kuwait City.
- In November 2019, Gerdau S.A. agreed to buy 96.4% of Siderúrgica Latino-Americana (Silat) shares from Spanish group Hierros Añón for USD 110.8 million. Silat is located in Caucaia, a city in the northeastern Brazilian state of Ceará, and has a capacity of 600,000 tonnes per year of long rolled steel. The company mainly produces rebar and wire rod. Silat was a close competitor of Gerdau in the rebar market, and with this acquisition, the company has cemented its market position in the rebar market.
- In November 2018, Gerdau sold its assets which included the sale of four rebar units and 33 rebar fabrication units in the United States to Commercial Metals Company (CMC) for USD 600 million. This divestment is in line with the company’s strategy of continued transformation and gives it an opportunity to increase its focus on the SBQ, structural and merchant bar markets.
- In March 2018, Nucor Corporation announced for the construction of a micro mill capable of producing 350,000 tons of rebar at its Frostproof facility in Florida located in Polk County, expected to be operational by the first half of 2020.
Key Questions Addressed by the Report
- What are the future revenue pockets in the steel rebar market?
- Which key developments are expected to have a long-term impact on the steel rebar market?
- Which type of construction equipment with specific weightlifting capacity is expected to cannibalize existing markets?
- How is the current regulatory framework expected to impact the market?
- What will be the future product mix of the steel rebar market?
- What are the prime strategies of leaders in the steel rebar market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Tables of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market definition
1.3 Scope of the market
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.2 Market Size Estimation
2.3 Market Breakdown And Data Triangulation
2.4 Assumptions
3 Executive Summary
3.1 Key Insights
3.1.1 xxx region/country to dominate the xxx end-user market
3.2 Steel Rebar Market Snapshot
3.3 Global Steel Rebar Market, By Country Snapshot
4 Premium Insights
4.1 Attractive opportunities
4.2 By End-Use
4.3 By Type
4.4 By Process
4.4 By Region
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers -
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Challenges
5.4 Porter's Five Forces Analysis
5.4.1 Bargaining Power Of Suppliers
5.4.2 Threat of New Entrants
5.4.3 Threat of Substitutes
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Competitive Rivalry
6 Steel Rebar Products Market, By End-Use
6.1 Introduction
6.2 Infrastructure
6.3 Housing
6.4 Industrial
7 Steel Rebar Products Market, By Type
7.1 Introduction
7.2 Deformed
7.3 Mild
8 Steel Rebar Products Market, By Type
8.1 Introduction
8.2 BOS
8.3 EAF
9 Steel Rebar Products Market, By Region
9.1 Introduction
9.2 Asia-Pacific
9.2.1 China
9.2.2 India
9.2.3 Japan
9.2.4 South Korea
9.2.5 Rest of the Asia-Pacific
9.3 Europe
9.3.1 Germany
9.3.2 Russia
9.3.3 Germany
9.3.4 Italy
9.3.5 France
9.3.6 Belgium
9.3.7 Ukrain
9.3.8 Turkey
9.3.9 Spain
9.3.10 Rest of the Europe
9.4 North America
9.4.1 U.S.
9.4.2 Canada
9.4.3 Mexico
9.5 Midle East & Africa
9.5.1 Iran
9.5.2 KSA
9.5.3 UAE
9.5.4 Egypt
9.5.5 Qatar
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.4 Rest of the South America
10 Competitive Landscape
10.1 Overview
10.2 Competition Landscpae
10.4.1 TERMINOLOGY/NOMENCLATURE
10.4.2 VISIONARY LEADERS
10.4.3 DYNAMIC DIFFERENTIATORS
10.4.4 EMERGING COMPANIES
10.4.4 INNOVATORS
11 Company Profile
11.1 ArcelorMittal
11.2 Gerdau SA
11.3 Nucor Coporation
11.4 Nippon Steel & Sumitomo Metal Corporation
11.5 SAIL
11.6 TATA Steels
11.7 Commercial Metal Company
11.8 Steel Dynamics
11.9 HBIS Group
11.10 MECHEL PAO
11.11 OUTOKUMPU OYJ
11.12 ACERINOX S.A.
11.13 DAIDO STEEL
11.14 SHAGANG GROUP
11.15 ANSTEEL GROUP CORPORATION LIMITED
11.16 JFE Steel Corporation
11.17 BLUESCOPE STEEL LIMITED
11.18 CELSA STEEL UK
11.19 HYUNDAI STEEL
**List of extra companies
11.19 POSCO SS VINA
11.20 METINVEST HOLDING LLC
11.21 NOVOLIPETSK STEEL (NLMK)
11.22 SEVERSTAL JSC
11.23 JSW Steel
11.24 WUHAN IRON AND STEEL CORPORATION
11.25 SOHAR STEEL LLC
11.26 NJR Steel
The study involved four major activities in estimating the current size of the steel rebar market. Exhaustive secondary research was undertaken to collect information on the market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to identify and collect information for this study. Secondary sources include annual reports, press releases & investor presentations of companies, whitepapers, certified publications, articles by recognized authors, gold standard & silver standard websites, associations, regulatory bodies, trade directories, and databases.
Primary Research
The steel rebar market comprises several stakeholders, such as steel makers, steel fabricators, raw material suppliers, OEMs, and regulatory organizations in the supply chain. The demand side of this market is characterized by developments in the building & construction industry. The supply side is characterized by market consolidation activities undertaken by steel rebar providers. Several primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation:
Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the steel rebar market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- Key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation:
After arriving at the overall market size-using the steel rebar market size estimation process explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives:
- To define, describe, and forecast the global steel rebar market based on type, end user, process, and region
- To strategically analyze micromarkets (refer to further segments and subsegments of the steel rebar market included in the report) with respect to individual growth trends, future prospects, and contribution to the total market
- To analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
- To forecast the steel rebar market size in terms of value and volume with respect to main regions (along with countries), namely, Asia-Pacific, North America, Europe, Middle East & Africa, and South America
- To strategically profile key players and comprehensively analyze their core competencies
- To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) activities in the global steel rebar market
Available Customizations
Along with the market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:
Regional Analysis
- A further breakdown of the regional steel rebar market to the country level by type
Country Information
- Regional market split by major countries
Company Information
- Detailed analysis and profiles of additional market players (up to 5)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Steel Rebar Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
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Growth opportunities and latent adjacency in Steel Rebar Market