US Steel Rebar Market to Grow at a CAGR of 3.7% to reach US$ 27.68 billion from 2022 to 2030

US Steel Rebar Market Size and Forecasts (2020 - 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Mild and Deformed), Coating Type (Plain, Galvanized, and Epoxy Coated), and Application (Residential Buildings, Infrastructure, and Industrial)

  • Report Code : TIPRE00032154
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 73
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US steel rebar market is expected to grow from US$ 20.67 billion in 2022 to US$ 27.68 billion by 2030; it is expected to register a CAGR of 3.7% from 2022 to 2030.

MARKET ANALYSIS

Steel rebar is an indispensable element in construction, specifically designed to fortify concrete structures. Comprising robust steel rods or bars, these reinforcements play a pivotal role in counteracting the tensile weakness of concrete. Steel rebars enhance the overall strength and resilience of concrete by providing the necessary support to withstand forces such as tension; prevent cracks; and ensure structural integrity of buildings, bridges, and other infrastructure. Manufactured through a meticulous process of shaping and forming steel, rebars often feature surface patterns or deformations that optimize their adhesion to concrete. The choice of rebar type and configuration depends on the specific structural requirements and engineering considerations of a construction project.  

GROWTH DRIVERS AND CHALLENGES

Builders and engineers seek advanced construction materials as construction practices evolve and the emphasis on efficiency and sustainability intensifies. Lightweight steel rebars, in particular, address the need for robust and economically viable structures. These rebars reduce the overall weight of structures, facilitating easier transportation and handling during construction. The quest for high-strength materials is driven by the desire to construct resilient buildings and infrastructure. Steel rebars with enhanced strength are used in the development of structures that can withstand greater loads and stresses. This is especially crucial in regions prone to seismic activity or extreme weather conditions, where the structural integrity of buildings is paramount. Thus, the rising demand for lightweight, high-strength, and noncorrosive rebars drives the growth of the US steel rebars market.  

The production of these rebars is directly tied to the prices of raw materials, primarily iron and scrap metal. The steel industry is vulnerable to global market dynamics, geopolitical events, and supply chain disruptions. These factors contribute to the volatility in raw material prices. Fluctuations in prices create uncertainty for manufacturers and can lead to increased production costs. Fluctuating raw material prices are felt throughout the steel rebar supply chain. Manufacturers may struggle to maintain stable pricing for steel rebars. Contractors and builders, in turn, may face challenges in planning and estimating project costs accurately, leading to delays and potential cost overruns. This uncertainty can also deter investments in construction projects, hampering the growth of the US steel rebar market

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US Steel Rebar Market: Strategic Insights

us-steel-rebar-market
Market Size Value inUS$20.67 billion in 2022
Market Size Value byUS$ 27.68 billion by 2030
Growth rateCAGR of 3.7% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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REPORT SEGMENTATION AND SCOPE

The "US Steel Rebar Market Analysis to 2030" is a specialized and in-depth study with a major focus on the market trends and growth opportunities in the US. The report aims to provide an overview of the market with detailed market segmentation by type, coating type, and application. The report provides key statistics on the use of steel rebar in the US. In addition, the report provides a qualitative assessment of various factors affecting the market performance in the US. The report also includes a comprehensive analysis of the leading players in the steel rebar market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter's five forces analysis provide a 360-degree view of the market, which helps understand the entire supply chain and various factors affecting the US steel rebar market growth.  

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SEGMENTAL ANALYSIS

The US steel rebar market is segmented on the basis of type, coating type, and application. Based on coating type, the market is segmented into plain, galvanized, and epoxy coated. The galvanized segment accounted for a significant share of the US steel rebar market in 2022. Galvanized steel rebars are a type of reinforced steel that undergoes a protective process known as galvanization. In this type, steel is coated with a zinc layer, providing a robust shield against corrosion. The galvanization process forms a metallurgical bond between zinc and steel, creating a protective barrier that significantly enhances the rebars' durability and resistance to rust. The zinc coating acts as a sacrificial layer, corroding preferentially to the steel underneath. The protection extends the lifespan of the rebars and contributes to the overall longevity of the reinforced concrete structures in which they are used. Additionally, galvanized steel rebars find application in outdoor and marine constructions where exposure to moisture and harsh weather conditions is prevalent. The protective zinc layer ensures that the rebars maintain their structural integrity over time, even in challenging environmental conditions. This makes them a reliable choice for bridges, coastal structures, and other projects where corrosion resistance is critical. Owing to all these factors, the galvanized segment dominated the market in 2022.

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COUNTRY ANALYSIS

According to the Council on Foreign Relations, the US$ 25 trillion US economy relies on a vast infrastructure network to keep afloat. As the country strives to upgrade and expand its transportation, energy, and public facilities, robust and durable construction materials are paramount. With its exceptional strength and versatility, steel rebar has emerged as a crucial component in reinforced concrete structures, ensuring their resilience against heavy loads and harsh environmental conditions. As bridges, highways, and other critical aging structures undergo renovation and reconstruction, steel rebar plays a pivotal role in enhancing their structural integrity. The durability and load-bearing capabilities of steel rebars make them an ideal choice for projects aiming to create resilient and long-lasting infrastructure.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

The report provides a detailed overview of the US steel rebar market.

In May 2020, 72 Steel LLC, a New York-based company, announced its plan to build a US$ 218 million electric arc furnace (EAF) steel rebar mill at Aliquippa, Pennsylvania.

IMPACT OF COVID-19 PANDEMIC

The US steel rebar market witnessed growth before the onset of the COVID-19 pandemic due to increased use of these rebars in the residential, industrial, and infrastructure construction sectors. However, the disrupted chemicals & materials industry and increased restrictions on logistic operations due to the pandemic led to the shutdown of manufacturing facilities, creating challenges in procuring raw materials. The unprecedented rise in the number of COVID-19 cases across the US and overall disruptions in manufacturing processes, research, and development activities restrained the US steel rebar market growth.

The US steel rebar market is reviving due to the government's significant measures such as vaccination drives. Growing demand for these sheets from the residential & nonresidential application sector propels the US steel rebar market growth. Moreover, various players in the country seek investments as businesses gain confidence in stabilizing economies and witness an increase in demand, thereby providing the impetus for the US steel rebar market growth.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Steel Edge Inc, InteRebar Fabricators LLC, JJ Rebar Corp, Pacific Steel Group, PJ's Rebar Inc, Integrity Rebar Placers, Nucor Harris Rebar Inc, Camblin Steel Services Inc, Northern Nevada Rebar Inc, and Bellis Steel Co Inc are among the key players operating in the US steel rebar market.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Coating Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1. Introduction 9

1.1 The Insight Partners Research Report Guidance. 9

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

2.2.1 Market Attractiveness for US, by Application

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Steel Rebar Market Landscape

4.1 Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Intensity of Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 List of Potential Customers

4.4 Ecosystem Analysis

4.4.1 Raw Material Suppliers:

4.4.2 Manufacturers:

4.4.3 Distributors or Suppliers:

4.4.4 End Use Industry:

5. US Steel Rebar Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Residential Construction Sector

5.1.2 Increasing Demand for Lightweight, High Strength, and Noncorrosive Rebars

5.2 Market Restraints

5.2.1 Fluctuating Raw Material Prices

5.3 Market Opportunities

5.3.1 Increasing Investments in Infrastructure Development

5.4 Future Trends

5.4.1 Development of a Sustainable Manufacturing Process

5.5 Impact Analysis

6. Steel Rebar Market - US Market Analysis

6.1 Steel Rebar Market Revenue (Kilo Tons)

6.2 Steel Rebar Market Revenue (US$ Billion)

6.3 Steel Rebar Market Forecast and Analysis

7. Steel Rebar Market Analysis - Type

7.1 Mild

7.1.1 Overview

7.1.2 Mild Market Volume, Revenue and Forecast to 2030 (US$ Billion)

7.2 Deformed

7.2.1 Overview

7.2.2 Deformed Market Volume, Revenue and Forecast to 2030 (US$ Billion)

8. Steel Rebar Market Analysis – Coating Type

8.1 Plain

8.1.1 Overview

8.1.2 Plain Market, Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Billion)

8.2 Galvanized

8.2.1 Overview

8.2.2 Galvanized Market, Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Billion)

8.3 Epoxy Coated

8.3.1 Overview

8.3.2 Epoxy Coated Market, Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Billion)

9. Steel Rebar Market Analysis - Application

9.1 Residential Buildings

9.1.1 Overview

9.1.2 Residential Buildings Market, Revenue, and Forecast to 2030 (US$ Billion)

9.2 Infrastructure

9.2.1 Overview

9.2.2 Infrastructure Market Revenue, and Forecast to 2030 (US$ Billion)

9.3 Industrial

9.3.1 Overview

9.3.2 Industrial Market Revenue and Forecast to 2030 (US$ Billion)

10. Impact of COVID-19 Pandemic on US Steel Rebar Market

10.1 Pre & Post Covid-19 Impact

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

12. Competitive Landscape

12.1 Heat Map Analysis By Key Players

12.2 Company Positioning & Concentration

13. Company Profiles

13.1 Steel Edge Inc

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 InteRebar Fabricators LLC

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 JJ Rebar Corp

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Pacific Steel Group

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 PJ's Rebar Inc

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Integrity Rebar Placers

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Nucor Harris Rebar Inc

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Camblin Steel Services Inc

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Northern Nevada Rebar Inc

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Bellis Steel Co Inc

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

List of Tables

Table 1. Steel Rebar Market Segmentation

Table 2. List of Raw Material Suppliers

Table 3. List of Manufacturers

Table 4. Steel Rebar Market Volume and Forecasts To 2030 (Kilo Tons)

Table 5. Steel Rebar Market Revenue and Forecasts To 2030 (US$ Billion)

Table 6. Steel Rebar Market Revenue and Forecasts To 2030 (US$ Billion) –Type

Table 7. Steel Rebar Market Volume and Forecasts To 2030 (Kilo Tons) – Coating Type

Table 8. Steel Rebar Market Revenue and Forecasts To 2030 (US$ Billion) – Coating Type

Table 9. Steel Rebar Market Revenue and Forecasts To 2030 (US$ Billion) – Application

Table 10. Company Positioning & Concentration

List of Figures

Figure 1. Steel Rebar Market Segmentation, By Geography

Figure 2. Porter's Five Forces Analysis

Figure 3. Ecosystem: Steel Rebar Market

Figure 4. Market Dynamics: Global Mancozeb Market

Figure 5. Fluctuations in Iron Ore Prices from January 2019 to April 2023

Figure 6. US Steel Rebar Market Impact Analysis of Drivers and Restraints

Figure 7. Steel Rebar Market Revenue (Kilo Tons), 2020 – 2030

Figure 8. Steel Rebar Market Revenue (US$ Billion), 2020 – 2030

Figure 9. Steel Rebar Market Share (%) –Type, 2022 and 2030

Figure 10. Mild Market Revenue and Forecasts To 2030 (US$ Billion)

Figure 11. Deformed Market Revenue and Forecasts To 2030 (US$ Billion)

Figure 12. Steel Rebar Market Share (%) – Coating Type, 2022 and 2030

Figure 13. Plain Market Volume and Forecasts To 2030 (Kilo Tons)

Figure 14. Plain Market Revenue and Forecasts To 2030 (US$ Billion)

Figure 15. Galvanized Market Volume and Forecasts To 2030 (Kilo Tons)

Figure 16. Galvanized Market Revenue and Forecasts To 2030 (US$ Billion)

Figure 17. Epoxy Coated Market Volume and Forecasts To 2030 (Kilo Tons)

Figure 18. Epoxy Coated Market Revenue and Forecasts To 2030 (US$ Billion)

Figure 19. Steel Rebar Market Share (%) – Application, 2022 and 2030

Figure 20. Residential Buildings Market Revenue and Forecasts To 2030 (US$ Billion)

Figure 21. Infrastructure Market Revenue and Forecasts To 2030 (US$ Billion)

Figure 22. Industrial Market Revenue and Forecasts To 2030 (US$ Billion)

Figure 23. Heat Map Analysis By Key Players

The List of Companies - US Steel Rebar Market

  1. Steel Edge Inc
  2. InteRebar Fabricators LLC
  3. JJ Rebar Corp
  4. Pacific Steel Group
  5. PJ's Rebar Inc
  6. Integrity Rebar Placers
  7. Nucor Harris Rebar Inc
  8. Camblin Steel Services Inc
  9. Northern Nevada Rebar Inc
  10. Bellis Steel Co Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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