Market Research Report Store Steel Rebar Market Projected to Reach USD 154.08 b
"Steel Rebar Market Projected to Reach USD 154.08 billion by 2021, at a CAGR of 5.0% from
2016 to 2021 – Global Forecast to 2021" published in June 2017. It is a professional and in-depth
study.
Summary
Market Research Report Store announces a new report"Steel Rebar Market"added to its
database.The steel rebar market is projected to reach USD 154.08 billion by 2021, at a CAGR of 5.0%
from 2016 to 2021. Increasing consumption of steel rebar in infrastructure, housing, and industrial
segments is driving the steel rebar market. The growing construction industry and construction projects
are also fueling the growth of the steel rebar market.
Detailed TOC Of Report @
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ld-steel-process-basic-oxygen-steelmaking-process-electric-arc-furnace-process-end-user-infrastr
ucture-housing-and-industrial-region-global-fo
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Infrastructure is the largest and fastest-growing segment in the steel rebar market
Modernization and maintenance of infrastructure projects has led to the growth of the infrastructure
segment. Increasing investments in new infrastructure projects and maintenance of existing projects are
contributing towards the steel rebar infrastructure market being the largest and fastest-growing segment.
This sector includes all road, highway and bridge construction, sewage system, airport, and stadium
projects. The growth in this industry is expected to lead to the growth in demand for steel rebar during
the forecast period.
The Asia-Pacific region is expected to lead the steel rebar market during the forecast period
Asia-Pacific is estimated to have accounted for the largest share of the steel rebar market in 2016,
followed by Europe and Middle East & Africa. China is one of the major producers and consumers of
steel rebar in the Asia-Pacific region. The rapidly growing construction industry in countries such as
China and India has fueled the growth of the steel rebar market in the region. The Asia-Pacific is also
the fastest growing region in the steel rebar market. Growing usage of steel rebar in infrastructure,
housing, and industrial segments, growing economies and increasing domestic consumption, and
increase in disposable incomes, are some of the major factors expected to drive the steel rebar market.
BREAKDOWN OF PRIMARIES