Steel Rebar Market statistics and research analysis released in latest report

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Steel Rebar Market Report By Regional Revenue
Growth Forecast 2019 - 2024

• 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 industry 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.
• Smart Cities initiative, in particular, 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.

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• Steel Rebar Market Scenario

• 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.
• 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 market share which is estimated to
  surpass an overwhelming valuation of USD 170
  billion by 2024.
• 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.

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• Regional Analysis

• Considering the aforementioned instances, it
  would be quite apt to state that the growth
  potential of the Asia Pacific steel rebar market
  undoubtedly appears to be highly promising. In
  fact, as per a research report compiled by Global
  Market Insights, Inc., Asia Pacific region
  apportioned more than 65 percent of the total
  revenue share of the overall steel rebar industry
  in 2016.

• Competitive Analysis

• Key industry players are ArcelorMittal, Acerinox,
  Essar, Nippon Sumitomo Metal Corporation,
  Gerdau, Tata, Jindal, Commercial Metals Company
  and SAIL. Other prominent industry players are
  Daido, Hyundai, NJR, Kobe and Byer. Manufacturers
  are anticipated to adopt merger acquisition
  strategy to gain competitive advantage. For
  instance, Commercial Metals Company acquired U.S.
  steel rebar mills and fabrication assets from
  Gerdau valued USD 600 million to enhance market
  share.

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