Australia Steel Rebar Market Growth Opportunities into Regions 2030

Australia Steel Rebar Industry Overview

The Australia steel rebar market size was valued at USD 1.40 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.7% from 2022 to 2030.

Growth in non-residential construction is projected to remain a key driver for the regional steel rebar market. Additionally, expansion of engineering construction and growth in the residential construction sector are likely to support the steel rebar demand in the country.

Gather more insights about the market drivers, restrains and growth of the Australia Steel Rebar Market

Australia steel rebar market size, by application, 2020 - 2030 (USD Billion)

Australia has strong infrastructure pipeline for the coming years, which is likely to act as a contributing factor for the market growth. Some of the projects in the pipeline include ACT Light Rail Stage 2, 2A and 2B, Adelaide Riverbank Arena, Arrowsmith Hydrogen Project, Asian Renewable Energy Hub, Ballarat Base Hospital Redevelopment, Bankstown Lidcombe Hospital, Barwon Heads Road Duplication, Battery of the Nation, and Beaches Link, among others.

In 2021, steel prices have increased sharply. It has increased from USD 900.8 per ton in 2020 to USD 1064.8 per ton in 2021. The market demand was low in 2020, amidst the COVID-19 pandemic. This impacted the steel rebar prices, affecting its decline. With the re-opening of economy and industrial sectors, there was a rapid surge in construction activities, wherein the demand outpaced supply. This benefited the price action of steel rebars in 2021.

State programs associated with affordable housing such as The Big Housing Build are likely to drive the demand for steel rebars in the residential construction industry. The program intends to achieve the construction of around 1,100 and 5,000 new homes by 2021 and 2022 respectively. Overall, there are plans to construct 12,000 new dwellings at an investment of USD 5.3 billion under this program.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

  • Steel Rebar Market - The global steel rebar market size was valued at USD 270.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030.
  • Steel Market - The global steel market size was valued at USD 861.64 billion in 2019 and is projected to grow at a CAGR of 2.6% from 2020 to 2025.

Market Share Insights

  • October 2021: The New South Wales government announced a Regional Housing Package worth USD 35 million.

Key Companies profiled:

Some prominent players in the Australia steel rebar market include

  • InfraBuild Pty Ltd.
  • NEUMANN STEEL PTY LTD
  • Best Bar
  • Australian Reinforcing Company
  • Duferco International Trading Holding Australia
  • Ausreo
  • Commercial Metals Company (CMC)
  • Reozone
  • Southern Steel Group
  • Apex Steel

Order a free sample PDF of the Australia Steel Rebar Market Intelligence Study, published by Grand View Research.

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