Vietnam steel rebar market size reached USD 2.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.2% during 2025-2033. The widespread adoption of this product in the construction of modern skyscrapers, roads, bridges, sewage tunnels, highways, airports, stadiums, etc., is primarily driving the regional market.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 2.8 Billion |
Market Forecast in 2033
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USD 4.3 Billion |
Market Growth Rate 2025-2033 | 4.2% |
Rebar, short for reinforcement steel, is a steel wire mesh or bar utilized as a tension device to strengthen and bolster concrete as well as other masonry structures. Typically produced from materials like carbon steel, welded wire fabric, sheet metal, epoxy, stainless steel, galvanized steel, glass-fiber reinforced polymers, iron, manganese, carbon, sulfur, and phosphorus, steel rebar comes in various forms, including round, square-twisted, ribbed, stretched, and ribbed-twisted. These steel rebars function as reinforcements to lend support to structural designs, minimize cracking and stress induced by temperature changes, and evenly distribute the overall load by supporting other steel bars. They offer multiple advantages such as heightened durability, impressive tensile strength, resistance to high temperatures, and malleability.
The Vietnam steel rebar market is experiencing significant growth, reflecting the nation's robust construction and infrastructure development. Steel rebar, a critical component in reinforcing concrete and masonry structures, is witnessing increased demand across various sectors in Vietnam. Additionally, manufactured from materials like carbon steel, stainless steel, and other alloys, steel rebars in this country come in diverse forms, including round, square-twisted, ribbed, stretched, and ribbed-twisted variations. They serve as essential reinforcements, providing structural support, minimizing cracking, alleviating temperature-induced stress, and ensuring the uniform distribution of loads. Besides this, the Vietnam steel rebar market is marked by its contribution to the durability, tensile strength, and thermal resistance of structures, crucial factors in the country's burgeoning construction landscape. As Vietnam continues to invest in infrastructure and urban development projects, the demand for steel rebars is poised to grow further. The market's significance lies not only in meeting the structural needs of ongoing projects but also in contributing to the longevity and resilience of these constructions. With sustainability and quality being key considerations, the Vietnam steel rebar market will likely to witness continuous innovation and adaptation to evolving standards in the construction industry over the forecasted period.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product type, process, finishing type, and end use.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes deformed and mild.
Process Insights:
A detailed breakup and analysis of the market based on the process have also been provided in the report. This includes basic oxygen steelmaking and electric arc furnace.
Finishing Type Insights:
The report has provided a detailed breakup and analysis of the market based on the finishing type. This includes epoxy, coated, and black.
End Use Insights:
A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes residential, commercial, and industrial.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Product Types Covered | Deformed, Mild |
Processes Covered | Basic Oxygen Steelmaking, Electric Arc Furnace |
Finishing Types Covered | Epoxy, Coated, Black |
End Uses Covered | Residential, Commercial, Industrial |
Regions Covered | Northern Vietnam, Central Vietnam, Southern Vietnam |
Companies Covered | Hoa Phat Group JSC, Pomina Steel Company Limited, VAS Viet My Steel Co. Ltd., Viet Nam Steel Corporation, etc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: