DUBLIN – (BUSINESS WIRE) – The Rebar Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecasts 2022-2027 report has been added to ResearchAndMarkets.com’s offering.
In 2021, the volume of the global market for rolled steel will reach 217.1 billion US dollars. Looking ahead, publishers expect the market to reach $314.2 billion by 2027, with a CAGR of 6.35% between 2021 and 2027.
Given the uncertainty of COVID-19, we are constantly monitoring and assessing the direct and indirect impact of the pandemic on various end-use sectors. These ideas are included in the report as key factors influencing the market.
Reinforcing bars or steel bars refer to steel mesh or steel bars used as tensioning devices to reinforce and support concrete and other masonry structures. It is typically fabricated using carbon steel, welded wire mesh, sheet metal, epoxy, stainless steel, as well as galvanized and glass fiber reinforced polymers, iron, manganese, carbon, sulfur, and phosphorus. Round, square, ribbed, tensile, and ribbed are some of the most commonly used reinforcing bars.
They are used as reinforcement to provide structural support, minimize thermal cracking and stress, and support other reinforcing bars to evenly distribute overall loads. They have various advantages such as high strength, tensile strength, heat resistance and ductility.
The significant growth of the construction industry in recent years is one of the key factors creating a positive outlook for the market. In addition, extensive infrastructure development, especially in developing countries, is driving market growth. Steel rods are widely used in the construction of modern skyscrapers, highways, highways, bridges, sewer tunnels, airports and stadiums.
Accordingly, the growing demand for deformed steel bar is driving the growth of the market. It is used as prestressed reinforcement in construction work to minimize slippage and improve bonding to concrete beams and columns.
In addition, various product innovations, such as the development of thermomechanical technologies that help improve valve quality, act as other growth drivers. This allows product manufacturers to create options with superior tensile strength, ductility and corrosion resistance. Other factors, including rapid industrialization and growing demand for products in non-residential sectors such as oil, gas and manufacturing, are expected to further develop the market.
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com 1-917-300-0470 ET Office Hours USA/Canada Toll free 1-800-526-8630 GMT Office hours dial +353-1-416- 8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com 1-917-300-0470 ET Office Hours USA/Canada Toll free 1-800-526-8630 GMT Office hours dial +353-1-416- 8900