Market Size of Steel Rebar Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 136.89 Million tons |
| Market Volume (2029) | 180.95 Million tons |
| CAGR (2024 - 2029) | 5.74 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Steel Rebar Market Analysis
The Steel Rebar Market size is estimated at 136.89 Million tons in 2024, and is expected to reach 180.95 Million tons by 2029, growing at a CAGR of 5.74% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, nationwide lockdowns around the globe, disruption in manufacturing activities and supply chains, production halts, and labor unavailability have negatively impacted the steel rebar market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Over the short term, rising investments in infrastructure development projects and construction activities are some of the factors driving the growth of the market studied.
- On the flip side, the availability of cheap substitutes for steel rebar is likely to hinder the growth of the market studied.
- However, rising infrastructural activities in developing countries are anticipated to provide numerous opportunities over the forecast period.
- Asia-Pacific region dominated the market, owing to the increasing investments in constructing new projects for infrastructural expansion across various countries in the region.
