Jan 10, 2022   SOURCE: BusinessWire

United States Steel Rebar (Construction, Infrastructure, Industrial) Market Report 2021-2028 - ResearchAndMarkets.com

The "U.S. Steel Rebar Market Size, Share & Trends Analysis Report by Application (Construction, Infrastructure, Industrial), by Region (Northeast, Midwest, West), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The U.S. steel rebar market size is expected to reach USD 8.2 billion by 2028 and is expected to expand at a CAGR of 7.7% from 2021 to 2028

Poor health of infrastructure facilities is anticipated to attract growing investments in the U.S., and thus likely to drive the market.

Fiber-reinforced Polymers (FRP) bars have the potential to replace the steel rebar and thus represent a small threat to steel rebar products. FRP bars are light in weight and exhibit high tensile strength. These products can be substituted with FRP bars owing to their higher lifespan and increasing metal processing costs over the coming years.

Compared to FRP bars, steel rebars have some clear advantages, hence they cannot be replaced fully. FRP bars find applications in repair projects, wherein their initial cost is low. However, in new projects, the steel rebar is the first choice due to its lower cost. Also, FRP bars have less fire resistance and cannot be bent.

Expansion into the manufacturing of merchant bars can provide opportunities to the market players. Some of the rebar companies are not into the business of merchant bars. Rebar companies have existing infrastructure and raw material resources; thus, it is easy for them to enter into the steel merchant rebar business.

U.S. Steel Rebar Market Report Highlights

  • In terms of application, the infrastructure segment is projected to witness the fastest CAGR of 8.0% from 2021 to 2028. Recently, Biden Administration signed USD 1.2 trillion infrastructure bill and it will deliver USD 550 billion of new federal investments over the next five years
  • The construction segment dominated the market and accounted for the largest revenue share of 41.5% in 2020. Post-pandemic boost to residential construction and rise in construction activities is projected to benefit market growth
  • West U.S. was the largest regional segment in 2020 and is projected to maintain its position during the forecast period. The rising cost of materials and increase in prices of a new home is likely to affect the market demand over the short term
  • The market faces stiff competition from local as well as international players; low prices of steel rebar from Asian companies further intensify this competition. The market players are using organic as well as inorganic growth strategies to improve their market share in the U.S. industry

Key Topics Covered:

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope

1.2. Market Definition

1.3. Information Procurement

1.4. Information Analysis

1.5. Market Formulation & Data Visualization

1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Snapshot, 2020 (USD Million)

2.2. Segmental Outlook

Chapter 3. U.S. Steel Rebar Market Variables, Trends, and Scope

3.1. Market Segmentation & Scope

3.2. Penetration & Growth Prospect Mapping

3.3. Industry Value Chain Analysis

3.3.1. Major Raw Material Trends

3.3.2. List of Key End-Users

3.3.3. List of Equipment Suppliers

3.3.4. List of Ferrous Scrap Suppliers

3.4. Technology Overview

3.5. Regulatory Framework

3.6. Impact of COVID 19

3.7. Market Dynamics

3.7.1. Market Driver Analysis

3.7.2. Market Restraint Analysis

3.7.3. Industry Opportunity

3.8. Industry Analysis - Porter's Five Forces

3.9. PESTEL Analysis

Chapter 4. U.S. Steel Rebar Market: Application Outlook Estimates & Forecasts

4.1. Definition & Scope

4.2. Application Movement Analysis, 2020 & 2028

4.3. Construction

4.4. Infrastructure

4.5. Industrial

Chapter 5. U.S. Steel Rebar Market Regional Outlook Estimates & Forecasts

5.1. U.S. Steel Rebar Market: Regional Movement Analysis, 2020 & 2028

Chapter 6. Competitive Analysis

6.1. Recent Developments & Impact Analysis, By Key Market Participants

6.2. Company Categorization (Key Innovators, Market Leaders, Emerging Players)

6.3. Vendor Landscape

6.3.1. Company Market Position Analysis (Revenue, Geographic Presence, Product Portfolio, Key Serviceable Industries, Key Alliances)

6.3.2. Synergy Analysis: Major Deals & Strategic Alliances

6.3.3. List of Key Suppliers or Traders

Chapter 7. Company Profiles

7.1. Company Overview

7.2. Financial Performance

7.3. Product Benchmarking

7.4. Strategic Initiatives

  • Gerdau S.A.
  • CMC Steel
  • Steel Dynamics, Inc.
  • Schnitzer Steel Industries, Inc.
  • Acerinox S.A.
  • Outokumpu
  • Evraz North America, Inc.
  • Liberty Steel USA
  • ArcelorMittal
  • Nucor

For more information about this report visit https://www.researchandmarkets.com/r/76twse