Middle East Rebar Steel Market– Segmented by Type (Deformed, Mild), By End Use (Residential, Commercial, Industrial, Public), By Process (Basic Oxygen Steelmaking, Electric Arc Furnace), By Finishing Type (Carbon Steel Rebar, Epoxy-Coated Rebar, Others), By Country, Industry Size, Share, Trends, and Forecast and Opportunities, 2018-2028

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Summary

Report Description

Middle East Rebar Steel Market is anticipated to grow at a steady pace in the forecast period, 2024-2028, owing to a rise in demand for steel rebar from the construction sector, government programmers in the country.

Reinforcing bars, or rebar as they are more often known, are steel bars that are used in reinforced concrete and reinforced masonry projects as tension devices to support and strengthen the concrete under tension. When it is massed, it is also referred to as reinforcement steel or reinforcing steel. Although, it has a weak tensile strength, concrete has a good compressive strength. Rebar significantly increases the tensile strength of the building. To enhance concrete bonding and reduce the risk of slippage, rebar is covered in a continuous pattern of ribs, lugs, or indentations.

Growing Rapid Urbanization Resulted in Government Initiatives to Develop Infrastructure Likely to Boost Demand for Steel Rebar
The reports claims that the main factors driving the Middle Eastern steel rebar market are the region's growing urbanization, increasing investment in infrastructure development, and the expansion of the manufacturing sector, particularly in nations such as Saudi Arabia and the United Arab Emirates. Saudi Arabia, for instance, has allocated more than USD 40.0 billion for construction activity.

Value Added Steel Rebar Products are Trending in Middle East Marketplace
The study of the Middle East Steel Rebar Market indicates that value-added steel rebar products are the latest market trends. Steel rebar grades and product utilization saw a significant transformation in recent years. For instance, the region's building sector has begun to accept newer grades including Fe500, Fe550, and Fe500D. The use of sophisticated value-added rebar goods such as corrosion-resistant steel rebar, epoxy coated rebar, and earthquake-resistant steel rebar has also increased.

Infrastructure Development
Middle East has started a trillion-dollar pipeline of infrastructure projects to diversify its economy away from oil. The Middle East aspires to become a significant global hub for investment and logistics, and Saudi Arabia is the largest country by infrastructure, as stated in its Vision 2030. With strategically located giant projects all around the country, the development program has opened doors in a number of brand-new industries, such as clean energy, tourism, and smart cities. The Economic Cities Authority, on the other hand, was set up to rekindle investor interest in earlier economic city efforts in the Kingdom that sought to address specific socioeconomic issues such as the shortage of affordable housing and efficient transportation, among others. This transformation presents a wide range of opportunities. 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 and the KSA market has made a remarkable comeback after the COVID-19 pandemic, and there are currently projects worth more than USD 1.70 trillion in the planning stages.

Rising Urbanization in the Country Driving Market Growth
The World Bank invests an average of USD 5 billion year in planning and carrying out financing programs on sustainable cities and communities in order to assist cities in meeting the essential needs of urbanization. The active portfolio now consists of 231 projects with a combined value of USD 33.9 billion that are financed through a number of different methods, including investment project financing, loans for policy development, and program-for-results funding. In the Middle East, 84.51% of the population, or about the same as the year before, resided in urban areas in 2021. The share's peak value over the time period under consideration was in 2021. The urbanization rate of a country is the proportion of the total population that lives in an urban region. International comparisons of urbanization rates may be inaccurate due to variations in the definitions of what makes an urban center (based on population size, area, or space between dwellings, among others).


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Market Segmentation
The Middle East Rebar Steel Market is divided on the basis of type, end use, process, finishing type, and country. Based on type, the market is further bifurcated into deformed and mild. Based on end use, the market is segmented into residential, commercial, industrial, and Public. On the basis of process, the market is divided into basic oxygen steelmaking and electric arc furnace. Based on finishing type, the market is further divided into carbon steel rebar, epoxy-coated rebar and others.

Market PlayersMajor market players in the Middle East Rebar Steel Market are Star Steel International LLC, Emirates Rebar Limited, Union Iron and Steel, Conares, Hamriyah Steel, Emirates Steel, Rajhi Steel Industries Co. Ltd., Watania Steel Factory Corp., Al-Rashed Steel, and United Steel Industrial Co.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Type

End Use

Process

Finishing Type

Country scope

Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Rest of Middle East

Key companies profiled

Star Steel International LLC, Emirates Rebar Limited, Union Iron and Steel, Conares, Hamriyah Steel, Emirates Steel, Rajhi Steel Industries Co. Ltd., Watania Steel Factory Corp.,  Al-Rashed Steel,  and United Steel Industrial Co.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the Middle East Rebar Steel Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Middle East Rebar Steel Market, By Type:

o   Deformed

o   Mild

·         Middle East Rebar Steel Market, By End Use:

o   Residential

o   Commercial

o   Industrial

o   Public

·         Middle East Rebar Steel Market, By Process:

o   Basic Oxygen Steelmaking

o   Electric Arc Furnace

·         Middle East Rebar Steel Market, By Finishing Type:

o   Carbon Steel Rebar

o   Epoxy-Coated Rebar

o   Others

·         Middle East Rebar Steel Market, By Country:

o   Saudi Arabia

o   UAE

o   Qatar

o   Kuwait

o   Bahrain

o   Rest of Middle East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Middle East Rebar Steel Market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Middle East Rebar Steel Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Middle East Rebar Steel Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Key Challenges Faced

5.3.  Factors Considered While Selecting a Supplier

5.4.  Satisfaction Level

6.    Middle East Rebar Steel Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

7.    Middle East Rebar Steel Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Type (Deformed, Mild)

7.2.2.    By End Use (Residential, Commercial, Industrial, Public)

7.2.3.    By Process (Basic Oxygen Steelmaking, Electric Arc Furnace)

7.2.4.    By Finishing Type (Carbon Steel Rebar, Epoxy-Coated Rebar, Others)

7.2.5.    By Country (Saudi Arabia, UAE, Qatar, Kuwait, Bahrain and Rest of Middle East)

7.2.6.    By Company (2022)

7.3.  Market Map

8.    Saudi Arabia Rebar Steel Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By End Use

8.2.3.    By Process

8.2.4.    By Finishing Type

9.    UAE Rebar Steel Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By End Use

9.2.3.    By Process

9.2.4.    By Finishing Type

10. Qatar Rebar Steel Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By End Use

10.2.3. By Process

10.2.4. By Finishing Type

11. Kuwait Rebar Steel Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value & Volume

11.2.             Market Share & Forecast

11.2.1. By Type

11.2.2. By End Use

11.2.3. By Process

11.2.4. By Finishing Type

12. Bahrain Rebar Steel Market Outlook

12.1.             Market Size & Forecast

12.1.1. By Value & Volume

12.2.             Market Share & Forecast

12.2.1. By Type

12.2.2. By End Use

12.2.3. By Process

12.2.4. By Finishing Type

13. Market Dynamics

13.1.             Drivers

13.1.1. Rising Urbanization

13.1.2. Economic Growth

13.1.3. Government Programmers

13.2.             Challenges

13.2.1. Shortage of Qualified Personnel

13.2.2. Lack of Awareness

14. Market Trends & Developments

14.1.   Growing Demand for Non-Residential Sector

14.2.   Increase in Funding for Infrastructure Projects

14.3.   Growth of the Residential Market

15. Policy & Regulatory Landscape

16. Limitations of Rebar Steel Market in Middle East

17. Major Upcoming Construction Projects in Middle East

18. Company Profiles

18.1.             Star Steel International LLC

18.1.1. Business Overview

18.1.2. Key Revenue and Financials (If Available)

18.1.3. Recent Developments

18.1.4. Key Personnel

18.1.5. Key Product/Services

18.2.             Emirates Rebar Limited

18.2.1. Business Overview

18.2.2. Key Revenue and Financials (If Available)

18.2.3. Recent Developments

18.2.4. Key Personnel

18.2.5. Key Product/Services

18.3.             Union Iron and Steel

18.3.1. Business Overview

18.3.2. Key Revenue and Financials (If Available)

18.3.3. Recent Developments

18.3.4. Key Personnel

18.3.5. Key Product/Services

18.4.             Conares

18.4.1. Business Overview

18.4.2. Key Revenue and Financials (If Available)

18.4.3. Recent Developments

18.4.4. Key Personnel

18.4.5. Key Product/Services

18.5.             Hamriyah Steel

18.5.1. Business Overview

18.5.2. Key Revenue and Financials (If Available)

18.5.3. Recent Developments

18.5.4. Key Personnel

18.5.5. Key Product/Services

18.6.             Emirates Steel

18.6.1. Business Overview

18.6.2. Key Revenue and Financials (If Available)

18.6.3. Recent Developments

18.6.4. Key Personnel

18.6.5. Key Product/Services

18.7.             Rajhi Steel Industries Company Ltd.

18.7.1. Business Overview

18.7.2. Key Revenue and Financials (If Available)

18.7.3. Recent Developments

18.7.4. Key Personnel

18.7.5. Key Product/Services

18.8.             Watania Steel Factory Corp.

18.8.1. Business Overview

18.8.2. Key Revenue and Financials (If Available)

18.8.3. Recent Developments

18.8.4. Key Personnel

18.8.5. Key Product/Services

18.9.             Al-Rashed Steel

18.9.1. Business Overview

18.9.2. Key Revenue and Financials (If Available)

18.9.3. Recent Developments

18.9.4. Key Personnel

18.9.5. Key Product/Services

18.10.          United Steel Industrial Co.

18.10.1.              Business Overview

18.10.2.              Key Revenue and Financials (If Available)

18.10.3.              Recent Developments

18.10.4.              Key Personnel

18.10.5.              Key Product/Services

19. Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Star Steel International LLC, Emirates Rebar Limited, Union Iron and Steel, Conares, Hamriyah Steel, Emirates Steel, Rajhi Steel Industries Co. Ltd., Watania Steel Factory Corp., Al-Rashed Steel, United Steel Industrial Co. are some of the major players in the Middle East Rebar Steel Market.

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Although rebar comes in a wide range of lengths and diameters, there are only six widely used types: European (a carbon, manganese, silicon, etc. alloy), carbon steel (basic "black" rebar), galvanised, epoxy coated, glass-fiber-reinforced-polymer (GFRP), and stainless steel.

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The dominant country in Middle East Rebar Steel Market is Saudi Arabia as a result of the nation's significant investment in infrastructure projects. The building market in Saudi Arabia is the largest in the Middle East, contributing over 8% of the nation's total GDP.

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The main challenges faced in Middle East Rebar Steel Market are lack of awareness and shortage of qualified personnel.

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Srishti Verma

Business Consultant
Press Release

Middle East Rebar Steel Market to be Dominated by Saudi Arabia Until 2028

Mar, 2023

Rising urbanization and growing demand from non-residential sector in the country is expected to drive the Middle East Rebar Steel Market.

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