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Steel Rebar Market 2019 by Regional Growth Analysis & Forecast Research Report to 2024

Author : Rahul Varpe | Published Date : 2019-11-26 

Steel Rebar Market research collated by Global Market Insights offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors.

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.

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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.

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.

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.

Steel Rebar Market by Product:

  1. Deformed
  2. Mild

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Steel Rebar Market by Process:

  1. Basic oxygen steelmaking
  2. Electric arc furnace

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.

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

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.

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Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

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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

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