According to Goldstein Research, Middle East steel rebar market is expected to reach USD 11.6 billion by the end of 2025, spurring at a CAGR of 6.5% over the forecast period, 2017-2025. Growing rapid urbanization and growing investment in construction sector to develop infrastructure and to speed up the economic growth by developing manufacturing sector especially in developing countries such as Saudi Arabia and UAE among others is driving the growth of Middle East steel rebar market. Middle East Steel rebar market segmentation has been done on the basis of product type, steel rebar size, end-user and geography. Based on product type, deformed steel rebar accounted for the lion market share of more than 65% of Middle East steel rebar market. Further, deformed steel rebar is expected to be the fastest growing segment at a CAGR of +7% during the forecast period. Middle East Steel rebar market is dominated by Kingdom of Saudi Arabia due to the aggressive investment in infrastructure projects in the country. Whereas, UAE is witnessing rapid urbanization and industrialization and anticipated to be the fastest growing steel rebar market across the region, which is expected to expand at a CAGR of +9% during the forecast period.
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Market Segmentation
On the basis of our in-depth analysis, Middle East Steel Rebar Market can be segmented as follows:
By Product Type
• Mild steel bars
• Deformed steel bars
By Steel Rebar Size (mm)
• 6-12
• 14-20
• 22-32
• 40-50
By End Users
• Infrastructure
• Housing
• Industrial
By Country
• Kingdom of Saudi Arabia (KSA) Steel rebar Market {Market Share (%), Market Size (USD million)}
• United Arab Emirates (UAE) Steel rebar Market {Market Share (%), Market Size (USD million)}
• Qatar Steel rebar Market {Market Share (%), Market Size (USD million)}
• Oman Steel rebar Market {Market Share (%), Market Size (USD million)}
• Kuwait Steel rebar Market {Market Share (%), Market Size (USD million)}
• Bahrain Steel rebar Market {Market Share (%), Market Size (USD million)}
• Jordan Steel rebar Market {Market Share (%), Market Size (USD million)}
• Rest of Middle East Steel rebar Market {Market Share (%), Market Size (USD million)}
“Middle East Steel Rebar Market Outlook 2024” contains detailed overview of the Middle East Steel rebar market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, steel rebar size and end-users.
Further, for the in-depth analysis, Middle East Steel Rebar Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This industry analysis report also includes competitive outlook of some of the major players profiling of companies such as 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., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Middle East Steel rebar market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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