Asia And Europe Steel Rebar Market Analysis, Size And Growth Factors By 2028

Asia And Europe Steel Rebar Market Growth & Trends

The Asia and Europe steel rebar market size is expected to reach USD 283.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.8% from 2021 to 2028. Government support by countries in Asia and Europe for the residential and real estate sector is projected to boost the market growth in the long run. The construction segment held the largest revenue share in 2020 and is likely to continue its dominance from 2021 to 2028.

China steel rebar market size, by application, 2018 - 2028 (USD Billion)

Asia And Europe Steel Rebar Market Segmentation

Grand View Research has segmented the Asia and Europe steel rebar market on the basis of application and region:

Based on the Application Insights, the market is segmented into Construction, Infrastructure, Industrial.

  • The construction application segment dominated the market for steel rebar in Asia and Europe and accounted for the largest revenue share of 59.0% in 2020. Rebar products are widely utilized in commercial and residential buildings owing to their high strength and low weight, which reduces the load on the building foundations and improves economic savings. Low interest rate for housing as a result of the pandemic is projected to push the demand over the short term. In Q1 2021, the investment in European residential construction increased by 23% compared to Q1 2020, reaching EUR 11.4 billion (~USD 13.18 billion).
  • The investments are being supported by ongoing structural shifts in both demographics and lifestyles. Thus, growing investments in residential construction across different parts of the world are anticipated to propel the market growth over the next eight years. Emerging economies of Asia such as India and ASEAN are witnessing increasing investments in the infrastructure sector owing to increasing urbanization, rising income per capita, and growing population. Furthermore, heavy allocation by governments to improve the infrastructure post-COVID-19 is projected to remain a key contributor to the market for steel rebar in Asia and Europe.

Market Share Insights

  • May 2021: Steel rebar prices in Northern Europe reached USD 825.09 per ton from USD 532.6 per ton monthly average in May 2020.

Key Companies Profile & Market Share Insights

Most of the market players are focused on the development of steel for downstream sectors such as construction, automotive, and transportation. The players are focused on capturing new contracts from various end-use industries. The market for steel rebar in Asia and Europe is fragmented with the presence of both established and small-scale players. These players give tough competition to other small players by adopting strategies such as joint ventures, capacity expansion, and product innovation.

Some of the prominent players operating in the Asia and Europe steel rebar market include,

  • ArcelorMittal
  • NLMK
  • Tata Steel
  • Steel Authority of India (SAIL)
  • JSW
  • JFE Corporation
  • Nucor
  • Evraz plc
  • Celsa Group
  • HBIS Group

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

Comments

Post a Comment

Popular posts from this blog

South Africa Veterinary Medicine Market Size, Share, Revenue Analysis By 2028

Image
South Africa Veterinary Medicine Industry Overview The  South Africa veterinary medicine market  size is expected to reach USD 248.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.1% from 2021 to 2028. The market holds many opportunities to grow during the forecast period owing to the growing livestock and pet population, increasing consumption of meat, rising incidence of diseases in animals, and the presence of key global companies. According to a report published by the African Union/Interafrican Bureau for Animal Resources (AU/IBAR), MSD Animal Health leads the South African market for veterinary medicines, followed by other key companies. South Africa Veterinary Medicine Market Segmentation Grand View Research has segmented the South Africa veterinary medicine market on the basis of animal type, product, mode of delivery, and end-use: Based on the Animal Type Insights, the market is segmented i...
Read more

U.S. Cold Storage Market Distributor Analysis and Forecasts By 2030

Image
U.S. Cold Storage Market Growth & Trends The  U.S. cold storage market  size is estimated to reach USD 96.90 billion by 2030, expanding at a CAGR of 13.6% over the forecast period, according to the new research conducted by Grand View Research, Inc. The U.S. is widely regarded as one of the leading markets in developing technologies responsible for the effective management of cold storage processes. The pharmaceutical industry is expected to offer growth opportunities to the market. Inventory management of pharmaceutical goods, such as vaccines   and medicines, is an expensive process that necessitates adequate security measures to maintain product quality. Advanced cold storage technologies that offer beneficial features, such as advanced refrigeration technologies and monitoring and tracking systems of various products like fruits and vegetables, significantly mitigate the possibility of wastage of temperature-sensitive goods. U.S. Cold Storage Market S...
Read more

Fencing Market Competitive Landscape And Component Benchmarking 2030

Image
Fencing Market Growth & Trends The global  fencing market  size is anticipated to reach USD 44.39 billion by 2030, growing at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing need to safeguard agricultural assets and the aggressive investments being made by private companies in strengthening the security and enhancing the aesthetics of their premises are expected to drive the growth of the market over the forecast period. The growth of the  real estate market  and the increase in the number of remodeling projects being undertaken are expected to contribute to the growth of the market. Fencing Market Segmentation Grand View Research has segmented the global fencing market based on material, distribution channel, installation, application, end use, and region: Based on the Material Insights, the market is segmented into Metal, Wood, Plastic & Composite, Concrete. The metal segment accounted for ...
Read more