Global Steel Rebar Market to Grow at 5% CAGR till 2021, Expects M&M in Its New Report Recently Published at MarketPublishers.com
31 May 2017 • by Natalie Aster
LONDON – The global steel rebar market is poised to exhibit growth at a 5% CAGR over 2017-2021, propelled by rising consumption of steel rebar in housing, infrastructure and industrial sectors, and remarkable growth in the overall construction market. The value of the world’s steel rebar market is predicted to touch USD 154.08 billion by the year 2021.
However, overproduction of steel rebar has spurred an uptake in steel dumping incidence, and that has forced some countries to introduce the anti-dumping duty.
Infrastructure is the biggest and the most rapidly-growing sector in the steel rebar market. Robust growth in this sector is encouraged by continuous modernization and maintenance of various infrastructure projects, and rising investments.
APAC is an unrivalled regional leader in the world’s steel rebar market in terms of size and growth rates. It is followed by Europe. China ranks one of the leading producers of steel rebar in the APAC region. The APAC steel rebar market is forecast to register the highest CAGR through 2021, boosted by escalating disposable incomes, increasing usage of steel rebar across verticals, growing economies in the region, amid other favourable factors.
New M&M topical study “Steel Rebar Market by Type, Process, End User, Region - Global Forecast to 2021” provides an in-depth analysis of the current scenario, dynamics, key growth influencing factors and development trends of the world’s steel rebar market. It investigates the actual situation and historic development patterns of the major regional markets, presents in-depth insights into the main market segments, discusses the hottest industry issues and highlights the competitive scenario. In addition, this report offers a 5-year future outlook for the steel rebar market.
To find other topical market research reports by this Market Publishers’ research partner visit the M&M online catalogue.