PUBLISHER: Grand View Research | PRODUCT CODE: 1122108
PUBLISHER: Grand View Research | PRODUCT CODE: 1122108
U.S. Steel Rebar Market Size, Share & Trends Analysis Report By Application (Construction, Infrastructure, Industrial), By Region (Northeast, Midwest, West), And Segment Forecasts, 2022 - 2030
U.S. Steel Rebar Market Growth & Trends:
The U.S. steel rebar market size is expected to reach USD 9.28 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% during the forecast period. The increasing investments in the construction & infrastructure projects are expected to propel the demand for steel rebar in the country during the forecast period.
For instance, in January 2022, the U.S. Department of Transportation announced that more than USD 27 billion is expected to be allocated to states and tribal transportation facilities. The investment is likely to be used in fixing 15,000 bridges across the country by 2026. Thus, it is expected to increase the consumption of the product during the forecast period.
Steel rebar is used to hold and strengthen the concrete through tension. The concrete has a strong compression strength but lacks tensile strength. Casting the product into concrete enables it to carry tensile loads, increasing the overall strength of the structure. Increasing investment in commercial and residential buildings is expected to boost the demand for steel rebar in the U.S. during the forecast period.
Based on applications, the construction sector is expected to register the fastest growth between 2022 to 2030. The state and local governments are focusing on bringing down the prices of houses and providing affordable homes for their residents. For instance, in April 2022, the Charlotte City Council allocated USD 12.4 million to help finance several affordable housing development projects. The city is expected to gain 602 new housing units in 2022.
Based on the region, the West held the largest revenue share of the market in 2021. Increasing investment in the industrial segment is expected to boost the demand for rebar in the region during the forecast period. For instance, in June 2022, Treeline announced that they have acquired an 80-acre site in North Carolina for the construction of an industrial park. The company is likely to invest USD 18 million.
Growing demand from the construction & infrastructure industry has pushed key manufacturers to set up new manufacturing mills. For instance, In December 2021, Nucor Corporation announced they would invest USD 350 million in the construction of a micro mill in the South Atlantic region. The plant is expected to have an annual capacity of 430,000 tons.
U.S. Steel Rebar Market Report Highlights:
- Based on application, the infrastructure segment is anticipated to register the fastest CAGR of 5.8%, in terms of revenue, from 2022 to 2030. Increasing investment in the upgradation of the aging infrastructure is expected to drive market growth
- The construction industry is expected to maintain its dominance in the market from 2022 to 2030. Increasing investment in residential construction is expected to propel the demand for the product during the forecast period
- Based on region, the Northeast region is expected to register a CAGR of 6.1%, in terms of revenue, between 2022 to 2030. Increasing investment in the construction of industrial facilities such as warehouses, manufacturing plants, and processing plants is driving the growth of the product
- Southwest is another vital region of the market. Expanding housing industry is expected to drive steel rebar demand in the region. For instance, according to U.S. Census Bureau, the housing permits for single-family construction in Texas increased by 16.5% in February 2022, as compared to February 2021
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Research Methodology
- 1.4. Research Scope and Assumptions
- 1.5. Information Procurement
- 1.5.1. Purchased Database
- 1.5.2. GVR's Internal Database
- 1.5.3. Secondary Sources
- 1.5.4. Third-Party Perspectives
- 1.5.5. Primary Research
- 1.6. Information Analysis
- 1.6.1. Data Analysis Models
- 1.7. Market Formulation & Data Visualization
- 1.8. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. U.S. Steel Rebar Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.3.1. Raw Material Outlook
- 3.3.2. Price Trend Analysis
- 3.3.3. Equipment Used in the Production of Steel Rebar
- 3.4. Technology Overview
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.7. Business Environmental Analysis
- 3.7.1. Porter's Analysis
- 3.7.2. PESTEL Analysis
Chapter 4. U.S. Steel Rebar Market: Application Estimates & Trend Analysis
- 4.1. Definition & Scope
- 4.2. U.S. Steel Rebar Market: Application Movement Analysis, 2021 & 2030
- 4.3. Construction
- 4.3.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 4.4. Infrastructure
- 4.4.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 4.5. Industrial
- 4.5.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Chapter 5. U.S. Steel Rebar Market: Regional Estimates & Trend Analysis
- 5.1. Regional Snapshot
- 5.2. U.S. Steel Rebar Market: Regional Movement Analysis, 2021 & 2030
- 5.3. U.S.
- 5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 5.3.2. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
- 5.3.3. Northeast
- 5.3.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 5.3.3.2. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
- 5.3.4. Midwest
- 5.3.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 5.3.4.2. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
- 5.3.5. West
- 5.3.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 5.3.5.2. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
- 5.3.6. Southeast
- 5.3.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 5.3.6.2. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
- 5.3.7. Southwest
- 5.3.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 5.3.7.2. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
Chapter 6. Competitive Landscape
- 6.1. Key Players & Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization (Key Innovators, Market Leaders, Emerging Players)
- 6.3. List of steel rebar mills in the U.S.
- 6.4. Vendor Landscape
- 6.4.1. List of prospective end users
- 6.4.2. List of raw material suppliers/ distributors
Chapter 7. Company Profiles
- 7.1. Gerdau S.A
- 7.1.1. Company Overview
- 7.1.2. Financial Performance
- 7.1.3. Product Benchmarking
- 7.1.4. Strategic Initiatives
- 7.2. CMC Steel
- 7.2.1. Company Overview
- 7.2.2. Financial Performance
- 7.2.3. Product Benchmarking
- 7.2.4. Strategic Initiatives
- 7.3. Steel Dynamics, Inc.
- 7.3.1. Company Overview
- 7.3.2. Financial Performance
- 7.3.3. Product Benchmarking
- 7.3.4. Strategic Initiatives
- 7.4. Schnitzer Steel Industries, Inc
- 7.4.1. Company Overview
- 7.4.2. Financial Performance
- 7.4.3. Product Benchmarking
- 7.4.4. Strategic Initiatives
- 7.5. Acerinox S.A
- 7.5.1. Company Overview
- 7.5.2. Financial Performance
- 7.5.3. Product Benchmarking
- 7.5.4. Strategic Initiatives
- 7.6. Outokumpu
- 7.6.1. Company Overview
- 7.6.2. Financial Performance
- 7.6.3. Product Benchmarking
- 7.6.4. Strategic Initiatives
- 7.7. EVRAZ U.S., Inc
- 7.7.1. Company Overview
- 7.7.2. Financial Performance
- 7.7.3. Product Benchmarking
- 7.7.4. Strategic Initiatives
- 7.8. Liberty Steel USA
- 7.8.1. Company Overview
- 7.8.2. Financial Performance
- 7.8.3. Product Benchmarking
- 7.8.4. Strategic Initiatives
- 7.9. ArcelorMittal
- 7.9.1. Company Overview
- 7.9.2. Financial Performance
- 7.9.3. Product Benchmarking
- 7.9.4. Strategic Initiatives
- 7.10. Nucor
- 7.10.1. Company Overview
- 7.10.2. Financial Performance
- 7.10.3. Product Benchmarking
- 7.10.4. Strategic Initiatives
List of Tables
- TABLE 1 U.S. steel rebar market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- TABLE 2 U.S. steel rebar market estimates and forecasts, by construction, 2017 - 2030 (USD Million) (Kilotons)
- TABLE 3 U.S. steel rebar market estimates and forecasts, by infrastructure, 2017 - 2030 (USD Million) (Kilotons)
- TABLE 4 U.S. steel rebar market estimates and forecasts, by industrial, 2017 - 2030 (USD Million) (Kilotons)
- TABLE 5 Northeast U.S steel rebar market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- TABLE 6 Northeast U.S steel rebar market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- TABLE 7 Northeast U.S steel rebar market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
- TABLE 8 Midwest U.S steel rebar market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- TABLE 9 Midwest U.S steel rebar market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- TABLE 10 Midwest U.S. steel rebar market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
- TABLE 11 West U.S. steel rebar market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- TABLE 12 West U.S. steel rebar market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- TABLE 13 West U.S. steel rebar market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
- TABLE 14 Southeast U.S. steel rebar market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- TABLE 15 Southeast U.S. steel rebar market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- TABLE 16 Southeast U.S. steel rebar market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
- TABLE 17 Southwest U.S. steel rebar market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- TABLE 18 Southwest U.S. steel rebar market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- TABLE 19 Southwest U.S. steel rebar market estimates and forecasts, by product, 2017 - 2030 (Kilotons)
List of Figures
- FIG. 1 US Steel Rebar Market - Market Segmentation
- FIG. 2 Information procurement
- FIG. 3 Data analysis models
- FIG. 4 Market formulation and validation
- FIG. 5 Market Snapshot
- FIG. 6 US Steel Rebar Market, 2017 - 2030 (USD Million) (Kilotons)
- FIG. 7 Value Chain - US Steel Rebar Market
- FIG. 8 Market Driver Analysis
- FIG. 9 Market Restraint Analysis
- FIG. 10 Porter's Analysis
- FIG. 11 PESTEL Analysis
- FIG. 12 US Steel Rebar Market: Application movement analysis, 2017 & 2030
- FIG. 13 US Steel Rebar Market: Regional movement analysis, 2017 & 2030
