Press Release

United States Rebar Steel Market is Expected to be Dominated by Reservoir Optimization During the Forecast Period

Infrastructure sector growth will be driven by expanding construction activities to witness growth in United States Rebar Steel Market in the forecast period of 2024-2028.

According to TechSci Research report, United States Rebar Steel Market - By Region, Competition, Forecast & Opportunities, 2028, United States Rebar Steel Market is anticipated to grow at a steady rate in the forecast period, 2024-2028. United States Rebar Steel Market is growing owing to increase in demand for steel rebar from the construction industry, which is largely responsible for the development of the United States market for steel rebar. Growth in the construction sector is anticipated to remain a key market driver. Infrastructure development has a positive impact on the demand for steel rebar. Construction industry’s contribution to US GDP is at 4.00%, from 3.90% last quarter and 4.00% last year. It is less than the historical average, which is 4.07%.

The first phase of National Landing's new Amazon HQ2 office space, which started in January 2020, is expected to be finished by 2023, according to Clark Construction. The builder plans to finish installing the exterior on the office buildings at Metropolitan Park by the end of summer of 2022, and after the structures are complete, to begin creating the 2-acre planted courtyard. According to projections, these investments will boost product demand in the United States.

Additionally, Samsung revealed its plans to erect a USD 17 billion semiconductor production facility in Taylor, Texas, northeast of Austin, in late November. In order to start operations in 2024, Samsung intends to start building the factory in 2022. The project was announced as a result of COVID-19 supply problems, which have led to a worldwide scarcity of computer chips. These investments, it is predicted, will increase product demand in the US.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on " United States Rebar Steel Market

 

The United States Rebar Steel Market is divided into type, end use, process, finishing type, and region. Based on type, the market is divided into deformed, mild. Based on end use, the market is segmented into residential, commercial, industrial, and public. The key driver for increase in demand for steel rebar steel includes rise in development of industrial infrastructure. The rebar steel is used in industrial areas as a raw material and is used to improve the tensile strength of the concrete.

Based on process, the market is divided into basic oxygen steelmaking and electric arc furnace. Based on finishing type, the market is segmented by epoxy-coated rebar, carbon steel rebar, and others. They are the most often used finishing type of rebar steel because they operate as a barrier system to prevent moisture and chlorides from eroding the surface of the reinforcing bar, which plays a significant role in the market expansion for rebar steel.

Over the course of the projection period, it is predicted that rising investments in projects including the construction of affordable housing units, the expansion of public transit systems, and communication networks will have a favourable impact on market growth.

With increased innovation and advancement in the Rebar Steel industry, there will be considerable commercial opportunities for both established and emerging market players. Technological advancements and high-end applications promote Rebar Steel innovation. Recent grades include Fe-500, Fe-550, and Fe-500D. Corrosion-resistant, epoxy-coated, and earthquake-resistant applications use modern steel rebar. The industry is anticipated to grow due to increased public transit funding, rising urbanisation, and expanding infrastructure.

The use of deformed Rebar Steel is increasing because of the demand for higher strength versions in construction projects. Deformed bars can save money by using less steel, which is another benefit. Deformed Rebar Steel is malleable and ductile, tougher, has a higher yield strength, and is more resistant to corrosion and earthquakes than mild steel products. It is affordable and has many applications in bridges, as well as in commercial and residential buildings, and industrial constructions.


Major companies operating in the United States Rebar Steel Market are:

  • Acerinox S.A
  • ArcelorMittal S.A.
  • Commercial Metals Company
  • EVRAZ U.S., Inc
  • Gerdau S.A
  • Liberty Steel USA
  • Nucor Corporation
  • Outokumpu India Pvt. Limited
  • Schnitzer Steel Industries, Inc
  • Steel Dynamics, Inc

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The US Rebar Steel Market is anticipated to grow during the projected period due to the use of Rebar Steel in construction to improve infrastructures and minimize the effects of stressors like temperature and many other factors will drive the market. Massive public and private sector projects funded by the Public Investment Fund, the royal commissions in charge of the major urban areas, the appropriate ministries, and the private sector are driving a substantial number of initiatives and opportunities.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

United States Rebar Steel Market By Type (Deformed, Mild), By End Use (Residential, Commercial, Industrial, Public), By Process (Basic Oxygen Steelmaking, Electric Arc Furnace), By Finishing Type (Epoxy-Coated Rebar, Carbon Steel rebar, Others), By Region, Competition, Forecast and Opportunities, 2028”, has evaluated the future growth potential of United States Rebar Steel Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States Rebar Steel Market.

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