The Steel Rebar Global Market Report 2023, provides comprehensive information on the steel rebar market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Steel Rebar Global Market Report 2023, the global steel rebar market size is expected to grow from $230.41 billion in 2022 to $245.46 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global steel rebar market size is expected to reach $307.50 billion in 2027 at a CAGR of 5.8%.
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Product innovation is the key trend gaining popularity in the steel rebar market. Major companies operating in the steel rebar market are focusing on producing new steel bars with better mechanical and metallurgical properties for them to be used in more applications. For instance, in March 2023, GPH Ispat Limited, a Bangladesh-based steel manufacturer launched GPH Quantum B600D-R steel rebar, the new high-grade steel rebar product. The new higher-grade steel rebar reduces construction costs. It would increase the floor area and boost the building’s ability to carry heavy, ongoing loads.
The steel rebar market is segmented:
1) By Product: Deformed, Mild
2) By Process: Basic Oxygen Steelmaking, Electric Arc Furnace
3) By Application: Residential Buildings, Public Infrastructure, Industrial
4) By End-Use Industry: Construction And Infrastructure, Manufacturing, Oil And Gas
Asia-Pacific was the largest region in the steel rebar market in 2022.
The table of contents in TBRC’s steel rebar market report includes:
- Executive Summary
- Steel Rebar Market Characteristics
- Steel Rebar Market Trends And Strategies
- Steel Rebar Market – Macro Economic Scenario
- Steel Rebar Market Size And Growth
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- Africa Steel Rebar Market
- Steel Rebar Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Steel Rebar Market
- Steel Rebar Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- ArcelorMittal
- CELSA Steel UK
- Commercial Metal Company
- Daido Steel Co Ltd
- Gerdau SA
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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