Asia And Europe Steel Rebar Market To Reach $272.71 Billion By 2030

Asia And Europe Steel Rebar Market Growth & Trends

The Asia and Europe steel rebar market size is expected to reach USD 272.71 billion in 2030 and is projected to grow at a CAGR of 5.8% from 2025 to 2030. Government support by countries in Asia and Europe for the residential and real estate sector is projected to boost the market growth in the long run. The construction segment held the largest revenue share in 2020 and is likely to continue its dominance from 2021 to 2028.

Supportive government policies along with sustained demand for housing are projected to remain key drivers for the market in emerging economies such as China, India, and ASEAN. For instance, in the National Budget 2021, the Indian government allocated around USD 6,700 million to the Ministry of Housing and Urban Development (MoHUA). Additionally, subsidies from governments for first-time homebuyers in developing and developed countries have benefited the growth of the residential sector.

Countries such as China, India, Germany, Australia, and Indonesia have announced numerous schemes to aid the growth of the real estate sector. These schemes are partially or fully funded by governments in these countries, which ultimately benefit the growth of the construction sector. The popularity of deformed steel rebars is increasing due to demand for high strength in construction structures. Deformed bars also assist in savings in terms of cost and raw material required.

For instance, if a bridge requires 1000 tons of mild steel rebars for construction, using deformed steel can help save 600 tons of steel. Thus, it also assists in cost reduction due to less usage of steel. Demand for Glass Fiber Reinforced Fiber (GFRP) rebar is projected to remain a restraining factor for market growth. Recently, Saudi Aramco constructed a stormwater drainage channel in Jizan, Saudi Arabia, using GFRP rebar products, owing to the occurrence of floods during heavy rains due to runoff from nearby mountains.

High-temperature variation and high salinity in the region contributed to faster cracking in the concrete, which led Saudi Aramco to increase the use of GFRP rebars in high-corrosion environments. GRFP rebars weigh 25% of that of steel rebar, which helps them in handling longer lengths with fewer people for moving and positioning. Usage of GRFP helped the company in cost reduction and faster completion of the project.

 Request a free sample copy or view report summary: Asia And Europe Steel Rebar Market Report

Asia And Europe Steel Rebar Market Report Highlights

• In terms of revenue and volume, Asia emerged as the largest region of the market. It accounted for a volume share of over 78% in 2024. The demand in the region is projected to fuel by rising construction and infrastructure spending in India, China, and ASEAN countries

• The rapidly growing construction industry is a key driver for the market, with urbanization and infrastructure projects driving demand. Countries like China and India lead in consumption due to large-scale developments in infrastructure and residential housing.

• Thailand steel rebar market is driven by its demand in the construction sector. The substantial investments by the government in infrastructure projects, coupled with the rising need for residential and commercial buildings, are mainly driving the demand for structural steel.

• In terms of Application, Construction segment is anticipated to register a revenue CAGR of 5.8% over the forecast period. Rebar products are widely utilized in commercial and residential buildings owing to their high strength and low weight, which reduces the load on the building foundations and improves economic savings. 

Asia And Europe Steel Rebar Market Segmentation

Grand View Research has segmented the Asia and Europe steel rebar market on the basis of application and region:

Asia And Europe Steel Rebar Application Outlook (Volume, Kil0tons; Revenue, USD Million, 2018 - 2030)

• Construction

• Infrastructure

• Industrial

Asia And Europe Steel Rebar Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Europe

  • Germany

  • France

  • Italy

  • Russia

• Asia

  • China

  • Japan

  • India

  • Indonesia

List of Key Players in the Asia And Europe Steel Rebar Market

• ArcellorMittal

• Celsa Group

• Evraz Plc

• HBIS Group

• JFE Corporation

• Jiangsu Shagang Group

• NLMK

• SAIL

• Tata Steel