Global Steel Rebar Market Worth $246.3 Billion by 2025 | Top Key Players Like ArcelorMittal (Luxembourg), Gerdau S.A (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), Posco SS Vina, Co. Ltd (Vietnam)
According to the new market research report " 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" , published by MarketsandMarkets, 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 CAGR of 4.4% from 2020 to 2025. The major drivers for the market include the increasing use of higher rebar products, the development of value-added products, and capacity expansion by steelmakers all around the world, increasing population, and rapid urbanization. However, the current steel rebar industry is also plagued by the recent outbreak of COVID-19 and its impact on the global economy, which is expected to deter the demand for steel rebar during the forecast period. Downloa...