Steel Rebar Market Size Worth USD 506.06 Billion by 2034 | CAGR: 4.9%

The global steel rebar market size is expected to reach USD 506.06 billion by 2034, according to a new study by Polaris Market Research. The report "Steel Rebar Market Size, Share, Trends, Industry Analysis Report: By Type (Deformed and Mild), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The expansion of industries is driving the growth of the steel rebar market, as new factories, warehouses, and manufacturing plants require strong, durable construction materials. Industrial growth leads to an increased need for infrastructure, such as buildings and power plants, all of which rely on steel rebar for reinforcement. Additionally, the development of transportation networks, such as roads and railways, in expanding industrial zones also require steel rebar in their construction.

Government investments in infrastructure are also driving the steel rebar market expansion. Increased public spending on large-scale projects such as roads, bridges, airports, and railways is creating a steady demand for steel rebar, which is essential for reinforcing concrete structures. Governments are prioritizing infrastructure development to improve connectivity, boost economic growth, and modernize aging facilities. For example, major initiatives like the US Bipartisan Infrastructure Law, which allocates trillions of dollars for infrastructure, are fueling this demand. These investments not only improve public infrastructure but also drive construction activities, further increasing the need for steel rebar in both urban and industrial development.

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The rise in disposable income is boosting the steel rebar market revenue as individuals are now able to afford better housing and infrastructure. For example, personal disposable income in the US rose by 0.1% from August to September 2024. Higher income levels are driving the demand for residential buildings, which in turn increases the need for steel rebar for reinforcement. Both governments and developers are investing in larger construction projects, increasing steel rebar demand.

Steel Rebar Market Report Highlights

• Based on type, the deformed segment recorded the largest revenue in the global market in 2024. This growth is attributed to the rising demand for deformed steel rebar in the construction of high-rise skyscrapers.
• By application, the construction & infrastructure segment dominated the market in 2024 due to the increase in the number of construction and infrastructure projects worldwide.
• In 2024, Asia Pacific had the largest revenue share of the global market due to rapid industrialization, urbanization, and significant infrastructure development in the region.
• The steel rebar market in North America is experiencing significant growth in the global market due to increased investment in infrastructure.
• A few of the global key market players are ArcelorMittal, SAIL, NLMK, Tata Steel, JSW, NIPPON STEEL CORPORATION, Nucor, Gerdau S/A, Mechal, and Steel Dynamics Inc.

Polaris market research has segmented the steel rebar market report on the basis of type, application, and region:

By Type Outlook (Volume – Kilotons, Revenue – USD Billion, 2020–2034)

• Mild
• Deformed

By Application Outlook (Volume – Kilotons, Revenue – USD Billion, 2020–2034)

• Construction & Infrastructure
• Industrial

By Regional Outlook (Volume – Kilotons, Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Steel Rebar Market Report Scope