According to the market research report “Steel Rebar Market: By Finishing (Black, Epoxy, Coated) End-Use Industry (Construction & Infrastructure, Manufacturing, Oil and Gas) & By Geography (Europe, Asia Pacific, North America, Rest of the World)-Forecast (2016-2021)”, published by IndustryARC, estimates the output will me more from the mentioned prior year.
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Steel Rebar Market is reinforcing bar which pacts with common steel, is hot rolled and is used widely in the construction industry, especially for concrete reinforcement bar. Rebar is most commonly used as a tensioning devise to support concrete and other masonry structures to help hold the concrete in a compressed state.
Concrete bar is a material that is very strong in compression, but virtually without strength in tension. To compensate for this imbalance in a concrete slab’s behavior, reinforcement metal bar is cast into it to carry the tensile loads. Altogether increasing construction activities and advancement of construction technologies is predictable to drive the global demand during the period of study.
Scope & Regional Forecast of the Steel Rebar Market
Although the State Department of Transportation uses various other types of rebar’s such as epoxy, zinc, and galvanized-coated, solid stainless and clad stainless rebar, they lack the ability to efficiently eradicate corrosion. Infrastructure is the largest and fastest-growing segment in the steel rebar market. The modernization and maintenance of infrastructure projects has led to the growth of the infrastructure segment. Highways, bridges, & buildings are the fastest-growing applications for the FRP rebar construction market.
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The use of steel rebar materials in these structures leads to deterioration of the bond between steel and concrete owing to corrosion, difficulty in handling large steel plates, and limited delivery lengths. Some of the projecting trends that the market is seeing include growing need for highly ductile reinforcement bars, growing in infrastructure investment, mounting of urban population in emerging countries. Some of the prominent trends that the market is witnessing include growing need for highly ductile reinforcement bars, increasing in infrastructure investment, rising of urban population in emerging countries.
North America is the region to lead in the present steel rebar construction market during the forecast period. Asia-Pacific and Europe estimates to account for the largest share of the steel rebar market by the end of 2018. The report also says owing to rapidly developing infrastructure as a resulting of growing construction industry and, expanding manufacturing base ad government initiatives for stricter building and construction regulations in developing nations such as China, and India in this region.
Segmentations & Key Players Involved in the Steel Rebar Market
The Steel Rebar Market can be broken down into various segmentations on the basis of –
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Finishing Type: Black Rebar, Epoxy Coated Rebar, Fabricated Rebar and Others
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End-Use Industry: Construction & Infrastructure, Manufacturing and Oil and Gas
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Geography: Europe, Asia Pacific, North America And Rest of the World (RoW)
Some of the key players involved in the Steel Rebar Market are as follows:
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Saudi Iron and Steel Company (Hadeed)
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Rajhi Steel
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Zamil Steel Holding Company Ltd
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ArcelorMittal
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EVRAZ
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