Steel Rebar Market To Reach USD 229 Billion By 2027 | CAGR 4.2% — Forencis Research

  • According to the new market research report Steel Rebar Market by Type (Plain Reinforced and Deformed Reinforced), by Application (Residential, Commercial, Public Infrastructure and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) — Global Forecast (2019 to 2027)”, the global Steel Rebar market is expected to witness strong growth and reach USD 229 billion by 2027 with the CAGR of 4.2% between 2020–2027
  • Steel Rebar is the steel bars used in the construction of the long-lasting infrastructure with a combination of the concrete and other construction materials
  • It is produced by melting the steel and allow to pass through a hollow circular mold or ring to attain desired thickness and elongated like wire shape
  • Growth of steel rebar market is mainly attributed to the significant rise in the construction activities globally
  • Increase spending of boosting public infrastructure with the growing demand for residential housing projects is further propelling the steel rebar market
  • Demand for steel is increasing owing to heavy usage in the prominent application areas such as automotive, marine construction, industrial machinery and others, fuels the market growth
  • On the flip side, volatile prices of the raw materials hinder the market growth
  • Rising global concerns regarding the harmful effects of conventional building materials shift the preference towards green building
  • Issues such as corrosion and susceptible to fire, are some of the limitations that challenge the market growth
  • Europe
  • Asia-Pacific
  • ArcelorMittal:
  • Gerdau S/A:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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