Vertical: CNMBase Year: 202112 Sections
Market Size (2021)
$212.08B
Projected (2030)
$318.43B
CAGR (2018–2030)
3.4%
Key Players
15+
This report covers Steel Rebar Market with forecasts from 2018 to 2030. 15 key companies are profiled.
The Steel Rebar Market market is projected to grow at a CAGR of 3.4% from 2018 to 2030.
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View Subscription PlansRebar, known when massed as reinforcing steel or reinforcement steel, is a steel bar used as a tension device in reinforced concrete and reinforced masonry structures to strengthen and aid the concrete under tension. Concrete is strong under compression, but has low tensile strength.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2021
Historical Period
2018 – 2020
Forecast Period
2022 – 2030
Primary Interviews
150+
Historical data (2018–2021) and forecast period (2021–2030)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansMany global, regional, and local vendors characterize the steel rebars market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality steel products to survive and succeed in an intensely competitive market.
The market vendors’ growth depends on market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and improving services. ARCELORMITTAL, NUCOR, NIPPON STEEL CORPORATION, NLMK, TATA STEEL, JSW, SHAGANG GROUP INC, SAIL, POSCO. HBIS GROUP, GERDAU S/A, CMC, ACERINOX S.A., DAIDO STEEL CO LTD, and STEEL DYNAMICS, INC are the major companies in the market which compete in terms of availability, quality, price, and technology. They primarily focus on the development of steel rebars products. Although international players dominate the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period. It has also been forecast that improvement of the global economic scenario, combined with efforts to enhance infrastructure in emerging nations, is fueling the market growth, thereby making it an ideal time to launch new products of steel rebars and increase the global market share.
Bargaining Power of Suppliers
The suppliers in the steel rebars market are primarily the providers of raw materials and components. The suppliers have a high concentration, which decreases their bargaining power. The differentiation within the raw materials and components is low, but manufacturers tend to enter into associations with the suppliers to ensure consistency in quality and uninterrupted supply. This leads to the moderate cost of switching between suppliers. Therefore, the bargaining power of suppliers in the market is expected to be moderate.
Bargaining Power of Buyers
The concentration of buyers of Steel Rebars is high, leading to a decrease in their bargaining power. Furthermore, the impact of brand identity in the global steel rebars market is moderate. The cost of switching between providers is low due to the low differentiation between the products and services, which increases the bargaining power of the buyers. Thus, the bargaining power of buyers in the global steel rebars market is expected to be moderate.
Threat of New Entrants
The players intending to enter the market are required to have permission from the regulating bodies as Steel Rebars are manufactured considering the quality parameters and standards. Furthermore, the new entrants need to invest high capital in setting up manufacturing units or warehouses. They need to develop new technologies or special features to offer distinguished products and solutions in the market. Therefore, the threat of new entrants in the market is expected to be low.
Threat of Substitutes
There are no close substitutes for Steel Rebars. So, the market players do not face much threat from substitutes, making the threat of substitutes moderate.
Intensity of Rivalry
The intensity of rivalry, among the players, in the steel rebars market is high. These players in the market are investing substantially in the global steel rebars market. Such factors are expected to make the intensity of rivalry in the global steel rebars market moderate to high.
Market estimates by geography (2030)
InsightAsia Pacific leads with $255.42B by 2030.
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View Subscription Plans| REGION | 2018 | 2021 | 2030 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $8.51B | $8.91B | $11.21B | 2.3% | 4% |
| Europe | $15.15B | $14.75B | $16.95B | 0.9% | 5% |
| Asia Pacific | $164.25B | $186.51B | $255.42B | 3.7% | 80% |
| South America | $9.57B | $10.24B | $13.18B | 2.7% | 4% |
| Middle East and Africa | $15.24B | $16.55B | $21.66B | 3.0% | 7% |
| Total | $212.72B | $236.95B | $318.43B | 3.4% | 100% |
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View Subscription PlansTotal Market Size
$318.43B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Deformed | $248.12B | 3.6% | 78% |
| Mild | $70.30B | 3.0% | 22% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Steel Rebar Market covering market dynamics, competitive landscape, and strategic outlook.
The Steel Rebar Market market is projected to reach $318.43B by 2030, growing at 3.4% CAGR. The Deformed segment holds the largest share.
The market for steel rebar is primarily driven by the expanding construction and building sector because steel rebar is a crucial element in the construction of reinforced concrete structures. According to the U.S. Census Bureau, the United States' total construction output is anticipated to reach USD 1,639.86 billion in December 2021. The non-residential industry has an estimated value of USD 820.73 billion, up 3.9% from last year. Steel rebar gives concrete constructions strength and stability, increasing their durability and resistance to weather and wear and tear. Steel rebar demand is strongly correlated with the expansion of the construction sector, which is fueled by infrastructure expansion, urbanization, and population growth. The need for new structures, residences, and infrastructure projects rises as more people relocate to cities and nations continue to grow, fueling demand for steel rebar. Furthermore, the demand for steel rebar is also fueled by the shift towards environmentally friendly building techniques. Steel rebar is a recyclable material that may be used again in future construction projects, which is necessary for sustainable construction methods. The market for steel rebar is anticipated to expand in the next years due to the rising demand for environmentally friendly building materials.
The industry for steel rebar is expected to expand, along with steel rebar's innovation and development, which will open up lucrative business opportunities for established and emerging market players. High-end applications for steel rebar and fast technological advances are fostering ongoing innovation in the market. Fe-500, Fe-550, and Fe-500D are among the most recently released grades. Modern steel rebar that has been epoxy coated is corrosion-resistant, can withstand earthquakes, and is being used more and more. Increasing government support for public transportation, rising urbanization, and expanding infrastructure are a few factors that are anticipated to support industry expansion.
Steel rebars are widely used in construction due to their strength and durability. However, there are several alternatives that can be used to limit the market growth of steel rebars. FRP rebars are made of lightweight, corrosion-resistant composite materials. They have a high tensile strength and can be used in construction to replace steel rebars. GFRP rebars, on the other hand, are made of glass fibers and polymer resin. They have high tensile strength and are corrosion-resistant, making them a viable alternative to steel rebars. Carbon fiber and resin are used to make CFRP rebars. They are lightweight and have a high tensile strength. They are commonly used in the construction of bridges. A number of factors, including cost, availability, and regulatory approvals determines the availability of these alternative materials. As a result, the availability of effective alternative materials will likely impact the steel rebar market in the coming years, especially as concerns about sustainability continue to drive innovation in the construction industry.
The market is now experiencing a shortage of qualified individuals as well as talented workers, both of which have the potential to present issues for the market in the near future. Knowing the market, their target market, and the product offerings will make them more inclined to spend their discretionary funds on buying these market shares and goods. Yet, a lack of trustworthy information makes investors wary of investing their money in the market.
The COVID-19 outbreak has significantly impacted the global steel rebar market. Steel rebar demand in the construction industry was impacted by the pandemic's widespread lockdowns and interruptions in global supply networks. Steel rebar's supply chain was hampered by the pandemic, which resulted in a shortage of raw materials, delays in transportation, and higher production costs. This, in turn, impacted the market's supply of steel rebar and its cost. Furthermore, due to lockdowns and other social isolation measures, the pandemic reduced the demand for steel rebar in the construction industry, decreasing steel rebar prices. As a result, businesses in the steel rebar industry saw reduced sales and revenues. However, price instability in the steel rebar market was caused by supply chain disruptions and a drop in demand. Due to the shifting market conditions, steel rebar prices varied considerably.
Profiles of 106 companies operating in the Steel Rebar Market market, including revenue, employee count, and market positioning where available.
Showing 106 of 106 companies
Company Headquarters: Brazil Founded: 1961 Workforce: The company has employed more than 30000 employees. Company Working: Gerdau S/A is a Brazilian multinational steel manufacturing company. The company produces a wide range of steel products, including long steel products used in various industries, such as construction, automotive, and energy. Gerdau S/A is committed to sustainable production and has set targets to reduce its carbon emissions and water usage. The company is also focused on developing new products and technologies to meet the changing needs of its customers.
Company Headquarters: Japan Founded: 1916 Workforce: The company has employed more than 12000 employees. Company Working: Daido Steel Co Ltd is a Japanese steel manufacturing company. The company produces high-quality specialty steel products used in various industries, such as automotive, aerospace, and energy. Daido Steel is committed to sustainable production and has set targets to reduce its carbon emissions and water usage. The company is also focused on developing new products and technologies to improve the efficiency of its production processes.
Company Headquarters: Spain Founded: 1970 Workforce: The company has employed more than 100 or 200 employees. Company Working: Acerinox S.A. is a Spanish stainless steel manufacturing company. The company produces high-quality stainless steel products used in various industries, such as automotive, construction, and energy. Acerinox is committed to sustainable production and has set targets to reduce its carbon emissions and water usage. The company is also focused on developing new products and technologies to meet the changing needs of its customers.
Company Headquarters: United States Founded: 1915 Workforce: The company has employed more than 12000 employees. Company Working: Commercial Metals Company (CMC) is a US-based steel manufacturing and recycling company. The company produces a wide range of steel products, including rebar, wire rod, and structural steel products used in various industries, such as construction and infrastructure. CMC is committed to sustainable production and has set targets to reduce its carbon emissions and water usage. The company is also focused on developing new products and technologies to improve the efficiency of its production processes.
Company Headquarters: Russian Federation Founded: 1993 Workforce: The company has employed more than 26000 employees. Company Working: NLMK is a leading steel producer in Russia and one of the largest in the world. The company produces a wide range of steel products, including flat and long steel products used in various industries, such as construction, automotive, and energy. NLMK is committed to sustainable production and has set targets to reduce its carbon emissions and water usage. The company is also focused on developing new products and technologies to improve the efficiency of its production processes.
Company Headquarters: New Delhi, India Founded: 1973 Workforce: ~60,766 Company Working: Steel Authority of India Limited (SAIL) is a metal and mining company owned by the government of India. A variety of iron and steel products, ferroalloys, including hot- and cold-rolled sheets and coils, electrical sheets, galvanized sheets, electrical steel, structural steel, railway products, and plates, are manufactured and sold by the company. Additionally, it produces stainless steel, other alloy steels, and bars and rods. The firm owns and runs integrated steel factories, special steel plants, and a ferroalloy facility in the eastern and central parts of India. Additionally, it owns and runs RMD flux mines, iron ore mines, consulting firms, and transport and shipping businesses. SAIL has its own captive iron ore mines for iron ore, which meet its requirement. SAIL has Kiriburu Iron Ore Mines, Meghahatuburu Iron Ore Mines, Gua Ore Mines, Manoharpur Iron Ore Mines, Bolani Ores Mines, and Barsua – Taldhi – Kalta mines. The company's captive mines produced about 34.15 million tons (Mt) of iron ore in 2021. It has Chandrapur Ferro Alloy Plant (CFP) consisting of three Submerged Arc Furnaces (annual production capacity: 1,90,000 tons of Ferro Manganese) for the production of Manganese-based ferroalloys; one Electric Arc Furnace for the production of medium carbon Ferro Manganese (annual production capacity: 2,500 tons); one 4.2 MW power plant; and two Sinter Plants (annual production capacity - 30,000 tons). The company's largest business is in India, and it exports to Europe and America.
16 interactive charts drawn from the Steel Rebar Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Steel Rebar Market By End Use
Global Steel Rebar Market By TYPE
Global Steel Rebar Market Turkey, Israel, South Africa, GCC and Rest Of Middle East And Africa
Global Steel Rebar Market Brazil, Argentina, Mexico and Rest Of South America
Global Steel Rebar Market China, Japan, India, Australia And New Zealand and Rest Of Asia Pacific By Country
Global Steel Rebar Market Germany, France, United Kingdom, Italy, Spain, Russian Federation, Poland and Rest Of Europe By Country
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Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
