Steel Rebar Market Analysis and Industry Growth by Forecast to 2026 researchcmfe.com

The Global Steel Rebar Market was valued at nearly USD 200 billion. It is expected to register a compound annual growth rate of over 4% from 2021 to 2026. At this rate, the market is projected to reach a valuation of more than USD 250 billion by the end of 2026.
Steel rebar, also known as steel reinforcement bar is used in combination with concrete to improve the tensile strength of concrete. They are produced from molten steel and then formed into large rectangular billets. These rebars come in different types and are categorized depending on the material used, the desired properties as well as the application type. Steel rebars are used widely in the construction industry.