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Steel Rebar Market is anticipated to witness robust demand during 2021 - 2027

Steel Rebar Market is anticipated to witness robust demand during 2021 - 2027

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Steel Rebar Market is anticipated to witness robust demand during 2021 - 2027

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  1. Steel Rebar Market Overview by Growth Opportunities and Trend Forecast by 2027 • The steel rebar market growth will be driven by the demand from applications in various industrial processes. The introduction of various steel rebar solutions with compact rolled products helps in reducing issues related to storage space and bending & cutting work at construction sites. According to a Global Market Insights, Inc., report, global steel rebar market size is estimated to surpass US$137 billion by 2027. • Rapid urbanization and increasing disposable incomes have positively impacted the lifestyles and preferences of customers. Additionally, the presence of initiatives such as green building projects to uplift the construction sector and growing customer demand for advanced homes is expected to foster global steel rebar industry expansion. On the other hand, rising awareness pertaining to renewable products and their utilization in sustainable infrastructure projects would significantly augment demand for the product. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Growing investments to uplift the infrastructural projects will fuel the mass construction activities, which will eventually augment the demand for the product. Reportedly, the European Union has recently proposed an investment of nearly €1.8 trillion towards infrastructure development across the region. • Reinforcement steel is broadly utilized in various development projects such as highways, canals, dams, skyscrapers, and in the construction of bridges and commercial & residential complexes. The utilization of steel rebar in reinforced concrete structure enhances the tensile strength and durability of the constructed structures. Owing to the robust economic growth in ASEAN countries such as India, the Philippines, and Malaysia, and extensive infrastructural developments in these regions, the steel rebar industry is likely to flourish in the forthcoming years. • Hot rolled deformed steel rebar gets deformed through twisting and during this process, it creates grooves over its surface which helps in enhancing the durability of the structure. The process offers excellent tensile strength, which them highly suitable for constructing vertical concrete structures. Notably, the revenue share of the deformed steel bar was nearly 75% in 2020. Mild steel rebars are round-shaped steel products that are widely used in tensioning devices in applications including RC infrastructure. MS rebars are brittle in nature, however, they provide exceptional tensile strength to structures and helps in cutting, drilling, and welding. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2081 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • The Europe steel rebar market will grow substantially at a CAGR of nearly 3.4% between 2021 and 2027. The regional industry growth is majorly attributed to the exponential growth of infrastructural projects across commercial and industrial sectors. Surging number of residential building projects along with massive investment to expand the transport sector will further complement regional industry expansion. Additionally, the introduction of the green infrastructure building concept and rising expenditure to bolster such projects will generate substantial demand for steel products. • Competitive Analysis • Key Players operating in the market are: Arcelormittal, Tata Steel, Steel Authority of India Limited (SAIL), Gerdau SA, Nippon Steel & Sumitomo Metal Corporation, Essar Steel, Mechel OAO, Acerinox S.A., Hyundai Steel, Daido Steel, Kobe Steel, Evraz PLC, Commercial Metals Company (CMC), Jindal Steel & Power, The Conco Companies, Posco Ss Vina, Barnes Reinforcing Industries, Outokumpu OYJ, Byer Steel, Celsa Steel UK © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Steel Rebar Market @ https://www.gminsights.com/industry-analysis/steel-rebar-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2081 Request for customization: https://www.gminsights.com/roc/2081 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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