Steel rebar, short for "steel reinforcing bar," is a common construction material widely used to reinforce and strengthen concrete structures. It is a steel rod or bar with ridges or deformations along its surface that provides better adhesion between the steel and the surrounding concrete. The primary purpose of steel rebar is to enhance the structural integrity and durability of concrete by resisting tension forces, preventing cracking, and improving load-bearing capacity. Steel rebar is commonly used in various construction projects, including buildings, bridges, highways, tunnels, dams, and foundations, where the concrete needs reinforcement to withstand the applied loads and environmental conditions.

The global steel rebar market is driven by various factors. Infrastructure development, including construction of roads, bridges, and buildings, fuels the demand for steel rebar. The growth of the construction industry, particularly in emerging economies, contributes to the market's expansion. Urbanisation and population expansion raise demand for housing and infrastructure, which necessitates the use of steel rebar. Government infrastructure initiatives worldwide stimulate the market, as significant construction projects require steel rebar. Steel rebar is essential for reinforcing concrete structures, including buildings, bridges, dams, and foundations. Additionally, investments in industrial and commercial sectors such as manufacturing, power generation, and transportation drive the demand for steel rebar to provide structural stability and support.

The global steel rebar market faces challenges due to the volatility of raw material prices, overcapacity issues, environmental regulations, substitution threats from alternative materials, and the impact of infrastructure development cycles. Fluctuating prices of raw materials like iron ore and scrap metal affect production costs and profitability. Overcapacity leads to intense competition, price wars, and reduced profit margins. Stricter environmental regulations necessitate investments in technology and infrastructure upgrades, increasing production costs. Alternative materials like fibre-reinforced polymer (FRP) rebars pose a substitution threat to traditional steel rebar due to their advantages. Economic downturns and delays in infrastructure projects can lower demand for steel rebar, affecting the industry's growth.

The COVID-19 pandemic has disrupted global supply chains, including the steel industry, leading to reduced production and delayed deliveries of steel rebars. This has affected the availability of raw materials and finished products. Additionally, strict lockdown measures and a decrease in construction projects have directly impacted the demand for steel rebars, as they are primarily used in construction activities. Governments redirecting resources to tackle the pandemic's impacts have resulted in reduced infrastructure spending, further decreasing the demand for steel rebars. Moreover, the uncertainty caused by the pandemic has led to delays and cancellations of construction projects, dampening the demand for steel rebars as companies postpone or abandon their plans due to economic uncertainties.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ArcelorMittal, Celsa Steel (UK) Ltd., Commercial Metals Company, Contractors Materials Company, Daido Steel Co., Ltd., Essar Steel, Gerdau SA, HYUNDAI STEEL, JFE Steel Corporation, Jiangsu Shagang Group Co., Ltd., KOBE STEEL, LTD., Mechel PAO, Nippon Steel Corporation, NLMK Group, Nucor Corporation, SAIL, Sohar Steel Group, Steel Dynamics, Inc., Tata Steel Limited, Others.

By Type: Based on the Type, Global Steel Rebar Market is segmented as; Deformed, Mild.

By Coating Type: Based on the Coating Type, Global Steel Rebar Market is segmented as; Plain Carbon Steel Rebar, Epoxy Coated Steel Rebar, Galvanized Steel Rebar.

By Bar Size Type: Based on the Bar Size Type, Global Steel Rebar Market is segmented as; #3 Bar size, #4 Bar size, #5 Bar size, #8 Bar size, Others.

By Process Type: Based on the Process Type, Global Steel Rebar Market is segmented as; Basic Oxygen Steelmaking, Electric Arc Furnace.

By End Use Sector: Based on the End Use Sector, Global Steel Rebar Market is segmented as;

Infrastructure, Residential, Industrial.

By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.