Saudi Arabia Rebar Steel Market By Type (Deformed, Mild), By End Use (Residential Sector, Commercial Sector, Industrial Sector, Public Sector), By Process (Basic Oxygen Steelmaking, Electric Arc Furnace), By Finishing Type (Epoxy-Coated Rebar, Carbon Steel Rebar, Others), By Region, Competition Forecast & Opportunities, 2028

  • Industry : Infrastructure
  • Pages : 70
  • Published Date : February, 2023
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Summary

Report Description

Saudi Arabia Rebar Steel Market is anticipated to grow at USD 4328.94 million in 2022 and is expected to grow at a CAGR of 13.97% during the forecast period, owing to a rise in demand for steel rebar from the construction sector, growing construction activities and rise in usage of wire rods in different application areas.

Rebar, short for reinforcing bar, is a steel bar used as a tension device in reinforced concrete and reinforced masonry constructions to help and strengthen the concrete under tension. It is also known as reinforcing steel or reinforcement steel when it is massed. Concrete has a good compressive strength but a poor tensile strength. Rebar greatly boosts the structure's tensile strength. A continuous series of ribs, lugs, or indentations are present on the surface of rebar to improve concrete bonding and lessen the possibility of slippage.

Rise In Usage of Wire Rods in Different Application Areas Driving the Market

Wire rods are a type of steel product that are typically made by hot rolling steel billets into a round cross section. The lengthy subsequent processing that wire rods go through in the secondary and tertiary processing facilities before the final products are formed is well known. Additionally, the finished products are frequently used as essential components in a variety of industrial industries. Therefore, it is anticipated that increased use of wire rods in various application areas will present a business opportunity for Saudi Arabian wire rod manufacturers and distributors. Additionally, over the past few years, the production of wire rods has undergone technological development due to an increase in user demand for higher-quality wire rods for a variety of applications, such as the production of steel cords for reinforcing automobile tyres, high strength cables, galvanised wire for suspension bridges and roadways, railroad switches, spring wire, reinforcement strands, fasteners, welding rods, and rods for the reinforcement of buildings. As a result, the expansion of the Saudi Arabian Wire Rod Market during the forecast period is likely to be aided by the rising utilisation of wire rods in various application sectors.

Technological Advancement

A deeper exploration of the sectoral system of production and innovation is likely to be encouraged by the advancement of innovations, the proliferation of new processes and technology, and the greater collaboration between suppliers, producers, and users in the steel industry. 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. Corrosion-resistant, epoxy-coated, and earthquake-resistant applications use modern steel rebar. In addition, technologies like microalloying, thermos mechanical treatment, etc., are widely used during the production of rebar steel to increase the material's bendability, weldability, ductility, and corrosion resistance.

Rising Government Investments

Along with reducing its reliance on oil, the Saudi Arabian administration is diversifying the economy of the nation. The Saudi Arabian government is particularly expanding investment for the socio-economic growth of the Kingdom. In order to create a variety of investment opportunities in the steel business, the nation's Ministry of Industry and Mineral Resources is collaborating with both domestic and foreign investors. With a total production capacity of 6.2 million tonnes and an estimated investment value of USD 9.3 billion, three projects are now under construction. Therefore, it is anticipated that the demand for rebar steel in Saudi Arabia will rise in tandem with the increased government investments in the steel industry.

Improvement in Infrastructure Sector

In the infrastructure sector, Saudi Arabia has seen a rapid development. Additionally, the implementation of significant economic reforms as part of its Vision 2030 program is anticipated to increase opportunities for new entrants in the rebar steel industry. These reforms include changes into the ease of doing business, encouraging new businesses, and obtaining construction permits. A trillion-dollar pipeline of infrastructure projects has also been announced by Saudi Arabia with the goal of diversifying its economy away from oil-based revenue. The demand for rebar steel is therefore expected to increase in the upcoming years as a result of these developments in the nation.

Growing Construction Activities Driving Market Growth

Construction work is expanding quickly in Saudi Arabia as a result of numerous factors, including the Red Sea Project, the NEOM, and the Saudi Vision 2030 national development program. Additionally, Saudi Arabia's Vision 2030 is strengthening the construction industry and attracting an increasing number of international players, which is likely to increase the demand for rebar steel in Saudi Arabia. This is because local authorities have stimulated significant investment in housing and infrastructure development across the country.


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Market Segmentation

The Saudi Arabia Rebar Steel Market is divided into Type, End Use, Process, Finishing Type, Region, and Competitive Landscape. Based on Type, the market is divided into Deformed, and Mild. Based on End Use, the market is segmented into Residential Sector, Commercial Sector, Industrial Sector, and Public Sector. Based on Process, the market is divided into Basix Oxygen Steelmaking, Electric Arc Furnace. Based on Finishing Type, the market is segmented into Epoxy-Coated Rebar, Carbon Steel Rebar and others.

Market Players

Major market players in the Saudi Arabia Rebar Steel Market are Saudi Iron & Steel Company (Hadeed), Al Ittefaq Steel Products Co., Rajhi Steel Industries Company Ltd., Watania Steel Factory Corporation, Al Yamamah Company, Saudi National Steel Factory, Baghlaf Steel, Mass Steel, Madar Building Materials, LLC, Bahra Steel Co., Attieh Steel Limited.

Attribute

Details

Market Size Value in 2022

USD4328.94 million

Revenue Forecast in 2028

USD9558.66 million

Growth Rate

13.97%

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Million tons and CAGR for 2018-2022 and 2023E-2028F

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Type

End Use

Process

Finishing Type

Regional scope

Riyadh, Makkah, Eastern Province, Rest of Saudi Arabia

Key companies profiled

Saudi Iron & Steel Company (Hadeed), Al Ittefaq Steel Products Co., Rajhi Steel Industries Company Ltd., Watania Steel Factory Corporation, Al Yamamah Company, Saudi National Steel Factory, Baghlaf Steel, Mass Steel, Madar Building Materials, LLC, Bahra Steel Co., Attieh Steel Limited

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 Saudi Arabia Rebar Steel Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Saudi Arabia Rebar Steel Market, By Type:

o   Deformed

o   Mild

·         Saudi Arabia Rebar Steel Market, By End Use:

o   Commercial Sector

o   Public Sector

o   Residential Sector

o   Industrial Sector

·         Saudi Arabia Rebar Steel Market, By Process:

o   Electric Arc Furnace

o   Basic Oxygen Steelmaking

·         Saudi Arabia Rebar Steel Market, By Finishing Type:

o   Epoxy-Coated Rebar

o   Carbon Steel Rebar

o   Others

·         Saudi Arabia Rebar Steel Market, By Region:

o   Riyadh

o   Makkah

o   Eastern Province

o   Rest of Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Rebar Steel Market.

Available Customizations:

TechSci 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).

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Saudi Arabia Rebar Steel Market

5.    Voice of Customer

5.1.  Brand Awareness and Brand Recall

5.2.  Factors Considered While Selecting Vendor

5.3.  Vendor Satisfaction Level

5.4.  Major Challenges/Issues Faced

6.    GCC Steel Market Outlook

6.1.  GCC Steel Market

6.1.1.  Market Size & Forecast

6.1.1.1.               By Value & Volume

6.2.  GCC Rebar Steel Market

6.2.1.  Market Size & Forecast

6.2.1.1.               By Value & Volume

6.3.  GCC Wire Rod Market

6.3.1.  Market Size & Forecast

6.3.1.1.               By Value & Volume

7.    Saudi Arabia Steel Market Outlook

7.1.  Market Size & Forecast

7.1.1.  By Value & Volume

8.    Saudi Arabia Wire Rod Market Outlook

8.1.  Market Size & Forecast

8.1.1.  By Value & Volume

9.    Saudi Arabia 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 (Deformed, Mild)

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

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

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

9.2.5.  By Region (Riyadh, Makkah, Eastern Province, Rest of Saudi Arabia)

9.2.6.  By Company (2022)

9.3.  Market Map (By Type, By End Use, By Process, By Finishing Type, By Region)

10. Riyadh 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. Makkah 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. Eastern Province 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. Saudi Arabia Finished Steel Products Market Outlook

13.1.            Market Size & Forecast

13.1.1.                        By Value & Volume

14. Market Dynamics

14.1.            Drivers

14.2.            Challenges

15. Market Trends and Developments

16. Policy and Regulatory Landscape

17. Saudi Arabia Economic Profile

18. Value Chain Analysis

19. Price Point Analysis

20. Import & Export Analysis

21. Limitations of Rebar Steel Market in Saudi Arabia

22. Major Upcoming Infrastructure Projects in Saudi Arabia

23. Company Profiles

23.1.            Saudi Iron & Steel Company (HADEED)

23.2.            Al Ittefaq Steel Products Co.

23.3.            Rajhi Steel Industries Company Ltd.

23.4.            Watania Steel Factory Corporation

23.5.            Al Yamamah Company for Reinforcing Steel Bars

23.6.            Saudi National Steel Factory

23.7.            Baghlaf Steel

23.8.            Mass Steel

23.9.            Madar Building Materials, LLC

23.10.         Bahra Steel Co.

23.11.         Attieh Steel Limited

24. Strategic Recommendations

25. About Us & Disclaimer

Figures and Tables

Figure 1: GCC Steel Market Size, By Value (USD Million), 2018-2028F

Figure 2: GCC Steel Market Size, By Volume (Million tons), 2018-2028F

Figure 3: GCC Rebar Steel Market Size, By Value (USD Million), 2018-2028F

Figure 4: GCC Rebar Steel Market Size, By Volume (Million tons), 2018-2028F

Figure 5: GCC Wire Rod Market Size, By Value (USD Million), 2018-2028F

Figure 6: GCC Wire Rod Market Size, By Volume (Million tons), 2018-2028F

Figure 7: Saudi Arabia Steel Market Size, By Value (USD Million), 2018-2028F

Figure 8: Saudi Arabia Steel Market Size, By Volume (Million tons), 2018-2028F

Figure 9: Saudi Arabia Wire Rod Market Size, By Value (USD Million), 2018-2028F

Figure 10: Saudi Arabia Wire Rod Market Size, By Volume (Million tons), 2018-2028F

Figure 11: Saudi Arabia Rebar Steel Market Size, By Value (USD Million), 2018-2028F

Figure 12: Saudi Arabia Rebar Steel Market Size, By Volume (Million tons), 2018-2028F

Figure 13: Saudi Arabia Rebar Steel Market Share, By Type, By Value, 2018-2028F

Figure 14: Saudi Arabia Rebar Steel Market Share, By End Use, By Value, 2018-2028F

Figure 15: Saudi Arabia Rebar Steel Market Share, By Process, By Value, 2018-2028F

Figure 16: Saudi Arabia Rebar Steel Market Share, By Finishing Type, By Value, 2018-2028F

Figure 17: Saudi Arabia Rebar Steel Market Share, By Region, By Value, 2018-2028F

Figure 18: Saudi Arabia Rebar Steel Market Share, By Company, By Value, 2022

Figure 19: Saudi Arabia Rebar Steel Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2022

Figure 20: Saudi Arabia Rebar Steel Market Map, By End Use, Market Size (USD Million) & Growth Rate (%), 2022

Figure 21: Saudi Arabia Rebar Steel Market Map, By Process, Market Size (USD Million) & Growth Rate (%), 2022

Figure 22: Saudi Arabia Rebar Steel Market Map, By Finishing Type, Market Size (USD Million) & Growth Rate (%), 2022

Figure 23: Saudi Arabia Rebar Steel Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022

Figure 24: Riyadh Rebar Steel Market Size, By Value (USD Million), 2018-2028F

Figure 25: Riyadh Rebar Steel Market Size, By Volume (Million tons), 2018-2028F

Figure 26: Riyadh Rebar Steel Market Share, By Type, By Value, 2018-2028F

Figure 27: Riyadh Rebar Steel Market Share, By End Use, By Value, 2018-2028F

Figure 28: Riyadh Rebar Steel Market Share, By Process, By Value, 2018-2028F

Figure 29: Riyadh Rebar Steel Market Share, By Finishing Type, By Value, 2018-2028F

Figure 30: Makkah Rebar Steel Market Size, By Value (USD Million), 2018-2028F

Figure 31: Makkah Rebar Steel Market Size, By Volume (Million tons), 2018-2028F

Figure 32: Makkah Rebar Steel Market Share, By Type, By Value, 2018-2028F

Figure 33: Makkah Rebar Steel Market Share, By End Use, By Value, 2018-2028F

Figure 34: Makkah Rebar Steel Market Share, By Process, By Value, 2018-2028F

Figure 35: Makkah Rebar Steel Market Share, By Finishing Type, By Value, 2018-2028F

Figure 36: Eastern Province Rebar Steel Market Size, By Value (USD Million), 2018-2028F

Figure 37: Eastern Province Rebar Steel Market Size, By Volume (Million tons), 2018-2028F

Figure 38: Eastern Province Rebar Steel Market Share, By Type, By Value, 2018-2028F

Figure 39: Eastern Province Rebar Steel Market Share, By End Use, By Value, 2018-2028F

Figure 40: Eastern Province Rebar Steel Market Share, By Process, By Value, 2018-2028F

Figure 41: Eastern Province Rebar Steel Market Share, By Finishing Type, By Value, 2018-2028F

Figure 42: Saudi Arabia Finished Steel Products Market Size, By Value (USD Million), 2018-2028F.

Figure 43: Saudi Arabia Finished Steel Products Market Size, By Volume (Million tons), 2018-2028F

Figure 44: Saudi Arabia Other Articles of Iron or Steel Import Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7326)

Figure 45: Saudi Arabia Other Articles of Iron or Steel Export Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7326)

Figure 46: Saudi Arabia Other Cast Articles of Iron or Steel Import Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7325)

Figure 47: Saudi Arabia Other Cast Articles of Iron or Steel Export Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7325)

Figure 48: Saudi Arabia Bars and Rods, Hot-Rolled, In Regularly Wound Coils, of Iron or Non-alloy Steel Import Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7213)

Figure 49: Saudi Arabia Bars and Rods, Hot-Rolled, In Regularly Wound Coils, of Iron or Non-alloy Steel Export Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7213)

Figure 50: Saudi Arabia Semi-Finished Products of Iron or Non-alloy Steel Import Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7207)

Figure 51: Saudi Arabia Semi-Finished Products of Iron or Non-alloy Steel Export Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7207)

Figure 52: Saudi Arabia Stainless Steel Ingots or Other Primary Forms; Semi-finished Products of Stainless-Steel Import Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7218)

Figure 53: Saudi Arabia Stainless Steel Ingots or Other Primary Forms; Semi-finished Products Of Stainless-Steel Import Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7218)

Figure 54: Saudi Arabia Wire of Other Alloy Steel Import Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7229)

Figure 55: Saudi Arabia Wire of Other Alloy Steel Export Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7229)

Figure 56: Saudi Arabia Stainless Steel Wire Import Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7223)

Figure 57: Saudi Arabia Stainless Steel Wire Export Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7223)

Figure 58: Saudi Arabia Wire of Iron or Non-alloy Steel Import Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7217)

Figure 59: Saudi Arabia Wire of Iron or Non-alloy Steel Export Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7217)

Figure 60: Saudi Arabia Flat Rolled Products of Iron or Non-alloy Steel, Of Width Of 600 Mm Or More, Clad, Plated Or Coated Import Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7210)

Figure 61: Saudi Arabia Flat Rolled Products of Iron or Non-alloy Steel, Of Width Of 600 Mm Or More, Clad, Plated Or Coated Export Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7210)

Figure 62: Saudi Arabia Iron or Non-alloy Steel; Bars and Rods, Not Further Worked Than Forged, Hot-rolled, Hot Drawn or Hot Extruded, But Including Those Twisted After Rolling Import Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7214)

Figure 63: Saudi Arabia Iron or Non-alloy Steel; Bars and Rods, Not Further Worked Than Forged, Hot-rolled, Hot Drawn or Hot Extruded, But Including Those Twisted After Rolling Export Scenario, By Value (USD Million), 2017 -2021 (HS Code: 7214)

Frequently asked questions

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Saudi Iron & Steel Company (Hadeed), Al Ittefaq Steel Products Co., Rajhi Steel Industries Company Ltd., Watania Steel Factory Corporation, Al Yamamah Company is some of the major players in Saudi Arabia Rebar Steel Market.

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The major segments in the Saudi Arabia Rebar Steel Market are type, end use, process, finishing type.

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The dominant region in Saudi Arabia Rebar Steel Market is Riyadh, accounting for a market share of 35.35% in 2022.

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The main challenges faced by Saudi Arabia Rebar Steel Market are price fluctuations, and availability of substitutes.

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Srishti Verma

Business Consultant
Press Release

Saudi Arabia Rebar Steel Market to Register 13.97% CAGR through 2028

Feb, 2023

The rising demand from the construction activities, government programs, infrastructure developments is expected to drive the Saudi Arabia Rebar Steel Market.

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