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Steel Rebar Market is Getting Acknowledged by the Construction Industry
Steel Rebar marketplace was valued at $133 billion in 2018, It projects that the market will grow at a CAGR of 5.4% over the forecast period 2019-2025.

IndustryARC, 11/10/2019 - Steel rebar is reinforcing steel generally used in the construction industry for reinforcement of concrete structures. Steel rebars are widely used in the construction & infrastructure, manufacturing and oil and gas industries. An IndustryARC report suggests that rising number of constructions across the world are creating significant opportunities in the Steel Rebar Market place, which was valued at $133 billion in 2018. It projects that the market will grow at a CAGR of 5.4% over the forecast period 2019-2025.

Steel Rebar Market: Leading Segments

The infrastructure industry will play a key role in the development of India. Increased focus of the Indian government in creating world-class infrastructure resulted in an allocation of nearly Rs. 5.7 trillion in the Union budget 2018. The government plans to construct 50,000 km of roads at a value of around $250 billion by 2022, while a total investment of $22 billion is aimed towards modernization projects of 189 port by 2035. The Indian real-estate market is projected to reach $180 billion by 2020. Thus, housing acts as the focal prospect in terms of steel rebar market growth. These investments in infrastructure are expected to contribute towards expansion of the steel and cement industries in India. The end use infrastructure industry is set to grow at a CAGR of 6.2% globally, during the forecast period.

Browse Steel Rebar Market Report Link:

China, Japan, and India were the top three countries in crude steel production in 2017, accounting for a share of 61.4% in the world.Growing requirement for steel in India due to the increasing number of constructions led steel production capacity to reach 100 million tonnes in 2018. The Indian government National Steel Policy aims to build a competitive steel industry whose crude steel capacity will be 300 MT by 2030. Increasing number of investments in the steel industry has been generating significant number of opportunities for the growth of steel rebar market revenue.

Steel Rebar Market Companies

Gerdau S/A, Nippon Steel Corporation, SAIL, Tata Steel, Essar Steel, EVRAZ Plc, Jindal Steel & Power Ltd, Steel Dynamicas Inc, Acerinox S.A., Hyundai Steel Co. Ltd. are key players in the global steel rebar market.

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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

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