Steel rebar in infrastructural projects is used for the construction of bridges, pavements, water sewage systems, airports, highways, and stadiums. In the housing sector, rebar is used in the construction of independent houses, schools, hospitals, residential apartments, and commercial shopping complexes. In the industrial sector, steel rebar is used in the construction of industrial warehouses, factory sheds, power plants, and in the oil & gas industry. Rising investments in public ... Read more
Steel rebar or reinforcement bars are used to strengthen the ability of concrete to resist tension in construction. The steel rebar market is expected to reach USD 154.08 billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Growth in this market is mainly attributed to the increasing demand for steel rebar for the infrastructure, housing, and industrial segments across the globe.
“Steel Rebar Market by Type (Deformed & Mild), Process (Basic Oxygen Steelmaking & Electric ARC Furnace), End-Use (Housing, Infrastructure, Industrial), Region (North America, EU, APAC, MEA, South America) – Global Forecast to 2025″ The global steel rebar market size is projected to grow from USD 198.7 billion in 2020 to reach USD 246.3 billion by 2025, at a ... Read more
