Driven by growing rapid urbanization and growing investment in construction sector to develop infrastructure and to speed up the economic growth by developing manufacturing sector, Asia-Pacific (APAC) steel rebar market is expected to reach USD 41.2 billion by the end of 2025, growing at a CAGR of 9.0% over the forecast period, 2017-2025. These are the findings of study on Solar Water Heaters conducted by Goldstein Research, a leading market intelligence & consulting firm. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry
According to the report, deformed steel rebar is expected to be the fastest growing segment at a CAGR of +6% during the forecast period. Deformed steel rebar accounted for the lion market share of more than 70% of Asia Pacific steel rebar market. Asia-Pacific Steel rebar market is dominated by China due to the augmented demand from highways, bridges & buildings, marine structures & waterfronts, and other applications such as parking structure.
The report authors also state that major challenge to market growth is price volatility of raw materials. The continuously unstable price of raw materials and fragile steel prices have put substantial stress on steel margins. Moreover, unanswered structural issues, political instability, and unstable financial markets may also impede steel rebar market growth in Asia Pacific.
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Market Segmentation
Asia-Pacific Steel Rebar Market has been segmented as follows:
By Product Type
o Mild steel bars
o Deformed steel bars
By Steel Rebar Size (mm)
o 6-12
o 14-20
o 22-32
o 40-50
By End Users
o Infrastructure
o Housing
o Industrial
By region
o China Steel Rebar {Market Share (%), Market Size (USD Billion)}
o India Steel Rebar {Market Share (%), Market Size (USD Billion)}
o Japan Steel Rebar {Market Share (%), Market Size (USD Billion)}
o Australia Steel Rebar {Market Share (%), Market Size (USD Billion)}
o Vietnam Steel Rebar {Market Share (%), Market Size (USD Billion)}
o Philippines Steel Rebar {Market Share (%), Market Size (USD Billion)}
o South Korea Steel Rebar {Market Share (%), Market Size (USD Billion)}
o Thailand Steel Rebar {Market Share (%), Market Size (USD Billion)}
o Rest of Asia Pacific Steel Rebar {Market Share (%), Market Size (USD Billion)}
Asia-Pacific Steel Rebar Market report by Goldstein Research contains detailed overview of the Asia-Pacific Steel rebar market. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Nippon Steel & Sumitomo Metal Corporation, Posco SS-Vina, Co. Ltd, Steel Authority of India Limited, Tata Steel Ltd., Essar Steel, Kobe Steel Ltd., Jiangsu Shagang Group, Jindal Steel & Power Ltd., Steel Asia Manufacturing Corporation, Hyundai Steel and Daido Steel Co., Ltd., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the Asia-Pacific Steel rebar market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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