Japan Steel Rebar Market Insights Forecasts to 2030

• The Japan Steel Rebar Market Size was valued at USD 7,359 Million in 2022.
• The Steel Rebar Market is Growing at a CAGR of 6.8% from 2022 to 2032
• The size is expected to reach USD 14,287 Million by 2032.

The Japan Steel Rebar Market Size was valued at USD 7,359 Million in 2022 and is expected to grow to USD 14,287 Million by 2032, at a CAGR of 6.8% during the forecast period (2022-2032).

Market Overview

Reinforcing steel, rebar, reinforcing bar, and reinforcement steel are other names for steel reinforcement bars. It is a versatile substance used in construction often to make reinforced concrete.  Rebar is used to increasing the tensile strength of concrete since concrete is very weak in tension but extremely strong in compression.  Epoxy-coated steel rebar is one of the coating alternatives for steel rebar, which is also available in several bar diameters. Galvanized steel rebar is only utilized in specific infrastructural, industrial, and residential projects. Future development and reconstruction projects will center on the Japan region, which should be quite profitable for international corporations. In addition, urbanization and the accelerated construction of infrastructure, particularly in developing nations like China and India, are driving up demand for steel rebar. The expanding population is mostly to blame for the increase in demand for steel rebar. The Japanese steel rebar market is expected to grow as a result of continuous technological advancements. Both long-standing companies and recent market entrants stand to gain financially from this change. Steel rebar applications that need high performance are driving continued industry innovation. In many different sectors, advanced steel rebar versions with features like an epoxy coating, earthquake resistance, and corrosion resistance are often employed. The adoption of stringent government regulations and businesses' dedication to quality improvements are driving factors behind the need for value-added products. Steel rebar producers have various opportunities to make money off of this enormous market opportunity.

Report Coverage

This research report categorizes the market of Japan steel rebar market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan steel rebar market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan steel rebar market.

Driving Factors

The demand for steel rebar in Japan is rising as a result of rising costs for significant infrastructure projects. Steel rebar is widely utilized across a variety of sectors, including non-residential ones like manufacturing and the oil and gas industry, and it is crucial for the construction of infrastructure. The booming demand for products in sectors like roads, bridges, sewage systems, airports, and stadiums as well as urbanization and the rapid expansion of infrastructure all influence the growth of the steel rebar market. Steel rebar is now more durable thanks to advancements in coating technology, making it suitable for a variety of purposes in infrastructure construction. The rise in Japan's population is largely to blame for the rise in demand for steel rebar. Rapid urbanization and infrastructure development, especially in developing countries, are what drive the need for steel rebar. The market is expanding faster as more people move from rural to urban areas. A major factor in the expansion of the steel rebar industry is the accessibility of public funding for residential development.

Restraining Factors

Initial investments required for construction projects in Japan are particularly vulnerable to crises, putting enterprises at risk of significant financial losses brought on by unanticipated events. Pandemic repercussions, economic downturns, and political instability are a few examples of these challenges. The demand for steel rebar is strongly associated with construction activity since it is used extensively in applications such as highways, bridges, commercial and industrial buildings, and public infrastructure. The development of the steel rebar market is anticipated to be hampered by the construction industry's susceptibility to crises, a shortage of skilled workers, and a lack of understanding. Also, Weather exposure in Japan leads to steel corrosion, which affects reinforced concrete. The development of rust creates internal strain on the adjoining concrete, which leads to fractures. When rain strips away the top layer of rebar, freshly poured concrete may become discolored.

Market Segment

• In 2022, the wire segment is dominating the largest CAGR of 6.5% over the forecast period.

Based on material, the Japan steel rebar market is segmented into small-bar, large-bar, wire, coil, & others. Among these, the wire market segment dominates the largest market share during the forecast period.

• In 2022, the carbon steel bar segment is influencing the largest CAGR of 7.6% during the forecast period.

On the basis of type, the Japan steel rebar market is classified into mild steel rebar, deformed steel rebar, carbon steel rebar, stainless steel rebar, galvanized rebar, glass fiber reinforced polymer rebar, epoxy coated rebar, welded wire fabric rebar, expanded metal rebar. Among these, the carbon steel rebar segment held the largest market share during the forecast period.

• In 2022, the manufacturing segment is witnessing the highest CAGR of 7.4% during the forecast period

Based on the end users, the Japan steel rebar market is segmented into construction, infrastructure, oil and gas, manufacturing, agriculture, & others. Among these, the manufacturing segment is expected to have the highest CAGR of 7.4% during the forecast period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan steel rebar market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ArcelorMittal
• Mitsubishi Steel Mgf. Co., Ltd.
• METAL PRODUCT CO., LTD          
• Yodogawa Steel Works, Ltd.
• JSW
• NICHIA STEEL WORKS, LTD.
• Nippon Steel Corporation
• Nucor
• NLMK
• Tata Steel
• POSCO
• Aichi Steel Corporation 
• Azuma Kogyo co.,Ltd.
• Toho Sheet & Frame Co., Ltd.     
• Tohoku Steel Co., Ltd.
• Toyo Kohan Co., Ltd.      
• Topy Industries, Ltd.
• Nakajima Steel Pipe Co.,Ltd.       
• Nakayama Kasei Co., Ltd.
• Nakayama Steel Works,Ltd.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• On February 2023, Tokyo Steel Manufacturing Co Ltd, Japan's largest electric-arc furnace steelmaker, announced on Monday that it will boost steel bar pricing by 3% in March to reflect tight market conditions. The increase comes after the company maintained all of its steel product pricing stable for the sixth consecutive month in February.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Japan Steel Rebar Market based on the below-mentioned segments:

Japan Steel Rebar Market, By Material

• Small-Bar
• Large-Bar
• Wire
• Coil
• Others

Japan Steel Rebar Market, By Type

• Mild Steel Rebar
• Deformed Steel Rebar
• Carbon Steel Rebar
• Stainless Steel Rebar
• Galvanized Rebar
• Glass Fiber Reinforced Polymer Rebar
• Epoxy Coated Rebar
• Welded Wire Fabric Rebar
• Expanded Metal Rebar

Japan Steel Rebar Market, By End Users

• Construction
• Infrastructure
• Oil and Gas
• Manufacturing
• Agriculture
• Others