Middle East and Africa Steel Rebar Market Sees Explosive Growth Globally

According to the latest research report published by Market Data Forecast, the middle east steel rebar market was worth US$ 8.59 billion in 2023 and is anticipated to reach a valuation of US$ 13.19 billion by 2029 and it is predicted to register a CAGR of 7.4% during the forecast period 2024-2029.

the Middle East is driving strong demand for steel rebar, the backbone of reinforced concrete. This growth is fueled by ambitious infrastructure projects and urbanization across the region.

Middle East and Africa Steel Rebar Market Report Scope:

• Market Size (2029): US$ 13.19 Billion
• Market Size (2023): US$ 8.59 Billion
• CAGR (2024 to 2029): 7.4%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Process, Coating Type, Bar Size, End-Use Sector and Geography.
• Key Market Players Profiled: Hyundai Steel (South Korea), Kobe Steel, Ltd. (Japan), Jiangsu Shagang Group Co., Ltd. (China), JFE Steel Corporation (Japan), Commercial Metals Company (U.S.), Daido Steel (Japan), and Others.

Market Drivers:

The construction industry is propelling the consumption of rebars in the Middle East and Africa. It is witnessing swift urbanisation and the rising need for commercial, residential and transport infrastructure. Also, there are expectations that the demand for steel-reinforced bars will considerably grow in the future due to its rising population. So, the application of rebars in the region will surge because of this population density, urban development and key infrastructure construction in multiple nations. This involves building residential and commercial spaces and better logistical facilities.

The Middle East and Africa steel rebar market growth is driven by the rising heavy investments in big capacity and infrastructure projects. These are highly essential in oil and gas, manufacturing and other sectors. The growing regional conflicts to capture energy sources will only further elevate the demand for steel rebars to repair and build damaged facilities and buildings. Fast-paced industrial development, urbanizing activities and the rising need for products in bridges, sewage systems, roads, airports and stadiums all fuel the expansion of this industry. Furthermore, the progress in enhancing the quality of steel rebar coats has raised their durability which makes them perfect for different applications in infrastructure construction.

Market Restraints:

The Middle East and Africa steel rebar market expansion is hindered by the increased frequency of unexpected incidents in the construction industry. Also, it requires high initial capital for real estate development and coupled with the above factor it will be highly prone to financial crisis. Recently, some African countries had military coups, regular power struggles and corrupt systems that have significantly hampered their market growth rate. Apart from this, the over-exploitation of its natural resources, mineral and energy mines by developed countries has decreased the general public and government's spending power. This ultimately affects the demand and consumption of steel rebars in the region. Other problems like post-pandemic effects, economic slowdown and civil unrest also derail the market growth rate. Apart from this, the scarcity of trained workforce, knowledge and technical understanding has significantly weakened the construction sector. Furthermore, weather exposure in the Middle East and Africa leads to steel corrosion. This weakens the strength of reinforced concrete.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/middle-east-and-africa-steel-rebar-market

Key Insights from the Report:

• Based on process, the electric arc furnace segment captured the highest share of the Middle East and Africa Steel Rebar Market in 2023.
• Based on coating type, the epoxy-coated segment dominated the Middle East and Africa Steel Rebar Market in 2023.
• Based on end-user, the #5 bar size segment occupied the majority of the Middle East and Africa Steel Rebar Market share in 2023.
• Based on end-use sector, the housing segment led the market and accounted for the largest share of the Middle East and Africa Steel Rebar Market in 2023.

SEGMENTATION INCLUDED IN THIS REPORT:

By Process:
• Basic Oxygen Steelmaking
• Electric Arc Furnace

By Coating Type:
• Plain Carbon
• Galvanized
• Epoxy Coated

By Bar Size:
• #3 Bar Size
• #4 Bar Size
• #5 Bar Size
• #8 Bar Size
• Others

By End-Use Sector:
• Infrastructure
• Housing
• Industrial

By Country Analysis:
• KSA
• UAE
• Isarel
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan

Browse Regional Reports:

Steel Rebar Market-Segmentation By Type (Plain Carbon, Galvanized, Epoxy Coated), By Process (Electric Arc furnace and Basic Oxygen Steel Making), By Size (#3Bar Size, #4Bar Size, #5Bar Size #8Bar Size, Others) End-Use Industry (infrastructure, Housing, Industrial), and Region-(North America, Europe, Asia Pacific, Latin America, Middle east and Africa)-Forecast to (2024 to 2029) - https://www.marketdataforecast.com/market-reports/steel-rebar-market

North America Steel Rebar Market Research Report - Segmentation By Type (Plain Carbon, Galvanized, Epoxy Coated), By Process (Electric Arc furnace and Basic Oxygen Steel Making), By Size (#3Bar Size, #4Bar Size, #5Bar Size #8Bar Size, Others) End-Use Industry (infrastructure, Housing, Industrial), and Country-(United States, Canada, Mexico)-Forecast to (2024 to 2029) - https://www.marketdataforecast.com/market-reports/north-america-steel-rebar-market
Europe Steel Rebar Market Research Report - Segmentation By Type (Plain Carbon, Galvanized, Epoxy Coated), By Process (Electric Arc furnace and Basic Oxygen Steel Making), By Size (#3Bar Size, #4Bar Size, #5Bar Size #8Bar Size, Others) End-Use Industry (infrastructure, Housing, Industrial), and Country-( Uk, Germany, France, Spain)-Forecast to (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-steel-rebar-market

TABLE OF CONTENTS:

Chapter1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods

Chapter 2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline

Chapter 3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees

Chapter 4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends

Chapter 5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations

Chapter 6. Market Segmentation
6.1 Middle East and Africa Steel Rebar Market, By Process
6.1.1 Basic Oxygen Steelmaking
6.1.2 Electric Arc Furnace
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Middle East and Africa Steel Rebar Market, By Coating Type
6.2.1 Plain Carbon
6.2.2 Galvanized
6.2.3 Epoxy Coated
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Middle East and Africa Steel Rebar Market, By Bar Size
6.3.1 #3 Bar Size
6.3.2 #4 Bar Size
6.3.3 #5 Bar Size
6.3.4 #8 Bar Size
6.3.5 Others
6.3.6 Market Size Estimations & Forecasts (2021-2026)
6.3.7 Y-o-Y Growth Rate Analysis
6.3.8 Market Attractiveness Index
6.4 Middle East and Africa Steel Rebar Market, By End Use Sector
6.4.1 Infrastructure
6.4.2 Housing
6.4.3 Industrial
6.4.4 Market Size Estimations & Forecasts (2021-2026)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index

Chapter 7. Geographical Landscape
7.1 Middle East and Africa
7.1.1 By Country
7.1.1.1 Middle East
7.1.1.2 Africa
7.1.2 By Process
7.1.3 By Coating Type
7.1.4 By Bar Size
7.1.5 By End Use Sector

Chapter 8. Key Player Analysis
8.1 CelsaSteel UK
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Evraz
8.3 Mechel
8.4 ArcelorMittal

Chapter 9. Market Outlook & Investment Opportunities

Chapter 10. Appendix
List of Tables
List of Figures

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