Steel Rebar Market by Growth Factors and Regional Analysis by Top Manufacturers to 2026
Category: #headlines  By Rahul Varpe  Date: 2020-11-04
  • share
  • Twitter
  • Facebook
  • LinkedIn
Steel Rebar Market by Growth Factors and Regional Analysis by Top Manufacturers to 2026

Deformed steel rebars are hot rolled and then deformed by twisting it and creating  grooves over its surface. In the year 2018, the deformed rebar segmented led the overall steel rebar market share and was responsible for nearly 75% in terms of revenue.

The alliance between governments and private companies to work on construction projects as well as the demand for steel as the main foundation of an infrastructure will drive the growth trends of steel rebar market over the years.

Substantial growth in urbanization in major parts of the world along with the need for robust infrastructural solutions has amplified the global steel rebar market size over the past several years. Steel rebars are extensively used to provide superior tensile strength to the concrete. They are an integral part of a building and construction due to their high stress and reinforcement bearing capabilities that it provides to the cement/concrete matrix in the entire building structure.

Request for a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/2081

Asia Pacific steel rebar market share has witnessed exponential gains over the past several years owing to the measures undertaken by the government and private authorities to strengthen their infrastructural facilities, in order to accommodate the constantly growing population. The increasing presence of foreign companies in APAC due to the availability of cheap labor and low cost of raw materials has propelled the need for advances in commercial and industrial spaces.

Moreover, the anti-corrosion properties of steel provide enhanced shelf life to the structures hence resulting in greater stability. Steel rebar companies have frequently carried out R&D to enhance their product offerings to increase their customer base and expand their geographical reach. Chinese steel rebar manufacturers have aimed at developing earthquake-resistant and superior-strength steel rebars due to the frequent earthquakes in the region requiring strong and reliable construction solutions.

A few key manufacturers of steel rebars include SAIL, Jindal Steel & Power Ltd., Kobe Steel, and Gerdau SA among various others.

The product is known to impart enhanced tensile and bonding strength, making it extremely suitable for use in vertical infrastructure. Basically, the steel is deformed to provide the hardened concrete more surface area to grip.

The region is witnessing some of the major construction projects proposed to be completing in the near future. One such example is the Hyundai Global Business Center in Seoul, South Korea. It is a 1771 ft, 105 story tower housing Kia Motors, Hyundai Motors, Hyundai Mobis, and other affiliated companies. Connected to the tower is likely to be a 40-story 265 super luxury hotel. The project was proposed to be completed by the end of 2021 however, due to the recent COVID-19 pandemic and the consequent effect on the businesses, the project may be further delayed.

Request for customization @ https://www.decresearch.com/roc/2081

Basic Oxygen Steelmaking has been a leading steelmaking technology over the years. BOF uses iron ore as its base raw material in the form of steel scrap and molten pig iron. Oxygen is then blown into the melt under a slag where the oxidizing action transforms the raw material into steel. It is then further processed to form deformed or mild steel rebar.

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. 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 ...

Read More >>

More News By Rahul Varpe

Smart Weapons Market - Growth Factors & Development Strategies to 2026
Smart Weapons Market - Growth Factors & Development Strategies to 2026
By Rahul Varpe

Land-based smart weapons have managed to hold a significant portion of overall market share, with the segment accounting for almost USD 1.5 billion in 2019. Governments have begun to allocate a sizable section of their defense budget to acquire or de...

Aerospace 3D Printing Materials Market by Growth Insights, Future Trends and Revenue Share Report to 2026
Aerospace 3D Printing Materials Market by Growth Insights, Future Trends and Revenue Share Report to 2026
By Rahul Varpe

Countries like China and Japan are playing a crucial role in driving the demand for 3D printing materials as the region strides forward to multiply its fleet within the next two decades. In addition to this, rising demand for fuel-efficient aircrafts...

Commercial Satellite Launch Service Market - Development Outlook and Demand Analysis to 2026
Commercial Satellite Launch Service Market - Development Outlook and Demand Analysis to 2026
By Rahul Varpe

Medium-size commercial satellites have witnessed a significant demand from the International Space Station (ISS) in recent years to facilitate their space operations. For instance, Space Exploration Technologies Corporation had launched the Commercia...