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Steel Rebar Market Size 2021, Share, Growth, Analysis, Trends and Forecast to 2026
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The steel rebar market is projected to grow at a 5% CAGR from 2021-2026, driven by construction industry growth and technological innovations.
According to IMARC Group’s latest report, titled “Steel Rebar Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026,” the global steel rebar market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during 2021-2026
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Steel rebar or reinforcement steel is a steel bar or mesh of steel wire used to reinforce and support concrete and other stone structures. It is manufactured using carbon steel, welded wire fabric, epoxy, stainless steel, galvanized and glass-fiber reinforced polymers, iron, sheet-metal, carbon, sulfur and phosphorus. Steel rebars are available in various sizes and shapes like round, square-twisted, ribbed, stretched and ribbed-twisted. They offer numerous advantages, such as high durability, malleability, tensile strength, and thermal resistance.
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Market Trends
Significant growth in the construction industry over the years is primarily driving the market. Steel Rebars are widely used to construct modern infrastructures like skyscrapers, roadways, sewage tunnels, airports and stadiums. They are utilized as prestressed reinforcing bar in construction activities to minimize the slippage and cracking and improve bonding with the cement beams and columns. Additionally, several product innovations, such as the development of thermo-mechanical technology that improves the quality of rebars, are further catalyzing the market growth. Various manufacturers are introducing advanced variants with superior tensile strength, ductility and corrosion resistance properties which will further continue to drive the market for steel rebar in the coming years.
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List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of product type, process, finishing type, end use and geography.
Breakup by Product Type:
Breakup by Process:
Breakup by Finishing Type:
Breakup by End Use:
Breakup by Geography:
Key highlights of the report:
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The article focuses on the growth, trends, and forecast of the global steel rebar market from 2021 to 2026.
Significant growth in the construction industry and technological innovations drive the steel rebar market.
Key players include ArcelorMittal, Tata Steel Limited, and Nucor Corporation.
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