What Does the Historical and Current Steel Rebar Market Size Trend Indicate?
The steel rebar market has seen considerable growth due to a variety of factors.
•The size of the steel rebar market has demonstrated considerable growth in the past few years, expanding from $257.3 billion in 2024 to an anticipated $271.5 billion in 2025 – representing a compound annual growth rate (CAGR) of 5.5%.
Factors contributing to this historical growth include the development of infrastructure and construction projects, rising population and urbanization, government-led investments in the construction sector, higher demand for strength and resilience in the construction industry, as well as a surge in global economic growth and industrialization.
How Will the Steel Rebar Market Size Evolve over the Forecast Period?
The steel rebar market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the steel rebar market is anticipated to experience significant expansion in the coming years, projected to reach "$353.53 billion by 2029 with a CAGR of 6.8%.
Factors contributing to this anticipated growth during the forecast period include initiatives in renewable energy infrastructure, the development of smart cities, adherence to sustainable construction techniques and a hike in demand for high-strength rebar. The global recuperation from the COVID-19 crisis and widening of transportation infrastructure are also key factors. In the prediction period, it is expected to witness a surge in sustainable steel production innovations, advancement in steel manufacturing technology, adoption of eco-friendly practices, implementation of microalloying technology for better performance, market proliferation in emerging economies and enforcement of rigorous quality norms and regulatory adherence.
Which Factors Are Boosting Growth In The Steel Rebar Market?
The expansion of building and construction undertakings worldwide is playing a significant role in fueling the growth of the steel rebar market. The term "building and construction activities" pertains to the commercial and manufacturing sectors which deal with the erection, maintenance, and repair of infrastructure. Steel rebars, which are utilized in these activities to reinforce and maintain tension in concrete structures, are seeing increased demand due to the rise in construction efforts. For example, in 2022, the Bureau of Economic Analysis (BEA), an American government agency that publishes formal macroeconomic and industry data, reported a 5.21% increase in the US construction industry, from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Hence, the continuous surge in building and construction operations worldwide will act as a catalyst for the growth of the steel rebar market.
What Key Areas Define The Segmentation Of The Global Steel Rebar Market?
The steel rebar market covered in this report is segmented –
1) By Product: Deformed, Mild
2) By Process: Basic Oxygen Steelmaking, Electric Arc Furnace
3) By Application: Residential Buildings, Public Infrastructure, Industrial
4) By End-Use Industry: Construction And Infrastructure, Manufacturing, Oil And Gas
Subsegments:
1) By Deformed: Hot Rolled Deformed Rebar, Cold Worked Deformed Rebar
2) By Mild: Mild Steel Rebar
Pre-Book The Steel Rebar Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Steel Rebar Market?
The emergence of product innovation is the prevalent trend being observed in the steel rebar market. The key companies in the steel rebar industry are channeling their efforts into the development of new steel bars that possess enhanced mechanical and metallurgical qualities, thereby expanding their usability. For instance, GPH Ispat Limited, a steel producer located in Bangladesh, introduced its new high-grade steel rebar, GPH Quantum B600D-R, in March 2023. The advanced higher-grade steel rebar has an added advantage as it reduces construction expenses, enhances floor space, and strengthens the load-bearing capacity of the buildings.
Who Are the Key Players in the Steel Rebar Market?
Major companies operating in the steel rebar market include:
• ArcelorMittal S.A.
• CELSA Steel UK Ltd.
• Commercial Metal Company
• Daido Steel Co. Ltd.
• Gerdau S.A.
• Hyundai Steel Co. Ltd.
• Nippon Steel Corporation
• Nucor Corporation
• Steel Authority of India Limited
• Jiangsu Shagang Group Company Limited
• Steel Dynamics Inc.
• Tata Steel Limited
• Jindal Steel & Power Ltd.
• The Conco Companies Inc.
• Barnes Reinforcing Industries Inc.
• Outokumpu Oyj
• Novolipetsk Steel
• Sohar Steel Group LLC
• Mechel PAO
• Acerinox S.A.
• Posco SS Vina Co. Ltd.
• Emirates Steel Industries PJSC
• Qatar Steel Company
• JFE Holdings Inc.
• KOBE STEEL LTD.
• Infra-Metals Co.
• A-1 Alloys Inc.
• Delta Steel Inc.
• Admiral Steel LLC
• Eastern Steel Corporation
• Addison Building Materials Inc.
What Is The Most Dominant Region In The Steel Rebar Market?
Asia-Pacific was the largest region in the steel rebar market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global steel rebar market report during the forecast period. The regions covered in the steel rebar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
