+1-888-308-5802     
News Contact Us

Steel Rebar Market 2019 – 2024 | Growth and Demand Analysis by Regional Players

Author : Rahul Varpe | Published Date : 2019-11-05 

With the major firms concentrating toward product upgradation and capacity expansion plans coupled with enormous investments by numerous regional governments, the steel rebar market share is bound to proliferate at a commendable pace. The rise in the construction of myriad steel-based structures in ambitious projects and the surging utilization of steel across numerous business domains would drive the growth trajectory of steel rebar industry share which is estimated to surpass an overwhelming valuation of USD 170 billion by 2024.

China produced approximately 823 million tons of steel in 2014 which accounted for almost 50 percent of the total steel production worldwide, as per the statistics published by the World Steel Association. With a 5.7 per cent jump in its crude steel output during the first 11 months of 2017, the Chinese steel manufacturers fraternity has defied the anticipated slowdown that was predicted to be caused by state-mandated factory closures and stringent regulatory guidelines to safeguard environment. This significant rise in the production of steel would undeniably have repercussions for the broader economy of China and more so for the overall steel rebar market in the forthcoming years.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2081         

Smart Cities initiative has emerged as one of the most significant programs of the Indian government that would aim for a sustainable and high-quality infrastructure, connectivity, and mobility. The effective implementation of this initiative has underlined the necessity of steel structures for drainage, sewage, and transmission to ensure zero wastage and less maintenance.

Over the past two decades, the growth outlook of the worldwide steel rebar market has witnessed a renewed optimism. An upsurge in smart city projects across various nations coupled with massive budgetary outlays for infrastructure spending on highways and public utilities have propelled the steel rebar market in the recent years. Moreover, the prominent companies operating in the steel manufacturing business have been essentially focusing on investing heavily toward expanding their production capabilities to meet the burgeoning demand for steel rebars from various business verticals.

Owing to its massive deployment across numerous noteworthy business verticals along the likes of automotive, manufacturing, and construction, steel rebar market has grown by leaps and bounds in the recent times. Moreover, a robust steel production has been increasingly viewed as a vital indicator of the overall economic sturdiness of a nation. This has been particularly true pertaining to the emerging economies like China and India in the Asia Pacific region.

Make an Inquiry for Purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2081

Steel Rebar Market by Product:

  1. Deformed
  2. Mild

Steel Rebar Market by Application:

  1. Residential buildings
  2. Public infrastructure
  3. Industrial

Global steel rebar market players are:

  1. ArcelorMittal
  2. Acerinox
  3. Essar
  4. Nippon & Sumitomo Metal Corporation
  5. Gerdau
  6. Tata
  7. Jindal
  8. Commercial Metals Company
  9. SAIL
  10. Daido
  11. Hyundai
  12. NJR
  13. Kobe
  14. Byer

Citing an instance to validate the aforementioned statements is that of the recent investment bid undertaken by the India based steel rebar market giant, Jindal Steel and Power Limited (JSPL). At a Global Investors Summit held at Jharkhand, the company announced that it plans to invest around Rs.2000 crore in the state within the next few years to augment the capacity of its steel plant at Patratu, Jharkhand. With the current output of the facility standing at around 1.6 million tons per annum, JSPL aims to increase the capacity up to 6 million tons over the ensuing years.

Related News: https://www.slideshare.net/PiyushHipparkar/refrigerant-compressors-market-by-regional-industry-growth-statistics-forecast-to-2025

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Air Compressor Market is anticipated to generate significant revenues by 2024

Published Date: 2019-12-10         Author: Rahul Varpe

Global Market Insights presents an extensive report on Air Compressor Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine... Read More

Polymer Concrete Market Trends and Growth Study Report over 2019 - 2025

Published Date: 2019-12-10         Author: Rahul Varpe

Global Market Insights presents an extensive report on Polymer Concrete Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determi... Read More

Agriculture Equipment Market 2019 – 2024 | Demand Analysis by Regional Players

Published Date: 2019-12-10         Author: Rahul Varpe

Global Market Insights presents an extensive report on Agriculture Equipment Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help de... Read More

© 2019 Fractovia. All Rights Reserved