Philippines Rolled Steel Bars Market (2025-2031) Outlook | Companies, Size, Share, Trends, Growth, Forecast, Value, Revenue, Analysis & Industry

Name: Philippines Rolled Steel Bars Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Rolled Steel Bars Market, Philippines Rolled Steel Bars Market, Philippines Rolled Steel Bars Market Revenues, Philippines Rolled Steel Bars Market Share, Philippines Rolled Steel Bars Market Size, Philippines Rolled Steel Bars Market Outlook, Philippines Rolled Steel Bars Market Report, Philippines Rolled Steel Bars Market Competition, Philippines Rolled Steel Bars Market Overview, Philippines Rolled Steel Bars Market Trends, Philippines Rolled Steel Bars Market Forecast

Market Forecast By Type (Hot-Rolled Steel Round Bars, Cold-Rolled Steel Round Bars, Forged Steel Round Bars), By Application (Transportation and Automotive, Industrial Application, Construction, Others) And Competitive Landscape

Product Code: ETC356429	Publication Date: Aug 2022	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Philippines Rolled Steel Bars Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, the Philippines continued to heavily rely on imports of rolled steel bars, with top exporters being China, Indonesia, Malaysia, Taiwan, and South Korea. Despite a decline in the Compound Annual Growth Rate (CAGR) from 2020-2024 at -6.71%, the market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The negative growth rate of -4.0% from 2023-2024 suggests a challenging market environment, possibly influenced by various factors such as global economic conditions and trade dynamics.

Philippines Rolled Steel Bars Market Top 5 Importing Countries and Market Competition (HHI) Analysis

philippines rolled steel bars market Synopsis

The Philippines rolled steel bars market is estimated to be valued at US$ 4. 65 billion in 2025 and is expected to grow at a CAGR of 5. 7% during the forecast period, reaching US$ 6. 7 billion by 2031. The market growth can be attributed to the increasing demand for construction materials due to growing infrastructure projects, industrial production expansion, and automotive manufacturing activities in the country coupled with government initiatives such as Build Build Build program targeted towards improving infrastructure development across the nation. Moreover, strong economic growth and rising disposable income levels are also driving the domestic consumption of steel in various industries including construction, automotive, shipbuilding etc., which further drives the demand for rolled steel bars.

Drivers of the Market

The Philippines rolled steel bars market is driven by construction activities, particularly in the housing and real estate sectors. Rolled steel bars are essential in reinforced concrete structures, making them a vital component of construction projects. The growth in construction projects, along with urbanization, will contribute to the expansion of this market.

Challenges of the Market

The market for rolled steel bars encounters challenges in terms of ensuring consistent product quality, adhering to safety standards, and addressing competition from alternative materials like fiber-reinforced polymers.

COVID-19 Impact on the Market

The pandemic likely led to a slowdown in construction activities, affecting the demand for rolled steel bars. However, government stimulus packages and ongoing infrastructure initiatives could contribute to the recovery of the market in the post-pandemic period.

Key Players in the Market

SteelAsia Manufacturing Corporation, TKL Steel Corp, and Pag-asa Steel Works, Inc. are some major companies offering premium quality steel to their customers.

Key Highlights of the Report:

Philippines Rolled Steel Bars Market Outlook
Market Size of Philippines Rolled Steel Bars Market, 2024
Forecast of Philippines Rolled Steel Bars Market, 2031
Historical Data and Forecast of Philippines Rolled Steel Bars Revenues & Volume for the Period 2021-2031
Philippines Rolled Steel Bars Market Trend Evolution
Philippines Rolled Steel Bars Market Drivers and Challenges
Philippines Rolled Steel Bars Price Trends
Philippines Rolled Steel Bars Porter's Five Forces
Philippines Rolled Steel Bars Industry Life Cycle
Historical Data and Forecast of Philippines Rolled Steel Bars Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Philippines Rolled Steel Bars Market Revenues & Volume By Hot-Rolled Steel Round Bars for the Period 2021-2031
Historical Data and Forecast of Philippines Rolled Steel Bars Market Revenues & Volume By Cold-Rolled Steel Round Bars for the Period 2021-2031
Historical Data and Forecast of Philippines Rolled Steel Bars Market Revenues & Volume By Forged Steel Round Bars for the Period 2021-2031
Historical Data and Forecast of Philippines Rolled Steel Bars Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Philippines Rolled Steel Bars Market Revenues & Volume By Transportation and Automotive for the Period 2021-2031
Historical Data and Forecast of Philippines Rolled Steel Bars Market Revenues & Volume By Industrial Application for the Period 2021-2031
Historical Data and Forecast of Philippines Rolled Steel Bars Market Revenues & Volume By Construction for the Period 2021-2031
Historical Data and Forecast of Philippines Rolled Steel Bars Market Revenues & Volume By Others for the Period 2021-2031
Philippines Rolled Steel Bars Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
Philippines Rolled Steel Bars Top Companies Market Share
Philippines Rolled Steel Bars Competitive Benchmarking By Technical and Operational Parameters
Philippines Rolled Steel Bars Company Profiles
Philippines Rolled Steel Bars Key Strategic Recommendations