MarketsandMarkets Blog

Steel rebar, short for “reinforcing bar,” is a common construction material used to reinforce concrete structures. It is a steel bar or mesh of steel wires used as a tension device in concrete to strengthen and hold the concrete in compression. The Steel Rebar Market is approximated to be USD 224.5  billion in 2022, and it is projected to reach USD 317.4 billion by 2030,...

The global steel rebar market has experienced remarkable growth in recent years, primarily driven by a combination of factors that reflect the importance of this essential construction material. Steel rebar, short for steel reinforcing bar, is a critical component in the construction industry, reinforcing concrete structures and providing strength and durability to buildings, bridges, highways, and...