Steel Rebar Market Analysis ,Key Vendors, Industry Trends And Forecast Till 2025: Grand View Research Inc.
San Francisco, 13 December 2019: The Report Steel Rebar Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Infrastructure), By Region (North America, Europe, Asia Pacific, CSA, MEA), And Segment Forecasts, 2019 – 2025 The global steel rebar market size is expected to reach USD 348.6 billion by 2025, accelerating at a CAGR of 7.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing efforts by governments of various countries to improve infrastructure are projected to provide ample growth opportunities to market vendors. In infrastructure sector, steel is required for transport networks including rail tracks, tunnels, and buildings such as train stations, fueling stations, airports, and ports. Reinforcing bars account for around 60% of steel usage in these applications. Rebars are also used in highway bridges to improve the strength of the structure. Some of the recent examples include Champlain