Steel Rebar Market Insights, Sustainability and Recycling Trends in the Industry
Steel Rebar Industry Overview The global steel rebar market size was valued at USD 270.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030. The market is anticipated to be driven by the rising investments in infrastructure development projects and construction activities. Government spending on propelling supporting infrastructural developments to boost economic growth is anticipated to benefit the market growth. For instance, in 2021, the Chinese government allocated USD 573 billion as special-purpose bonds (SPBs) to its local governments for rebuilding the country’s infrastructure. Of the funds raised through issuing SPBs, 50% were used for the industrial park and transport infrastructure development. Gather more insights about the market drivers, restrains and growth of the Steel Rebar Market The U.S. is one of the major consumers of steel rebar and this trend is anticipated to prolong considering the rising spending on inf