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Showing posts with the label Asia And Europe Steel Rebar Market

Asia & Europe Steel Rebar Market: Trends, Forecasts, and Growth Insights 2025-2030

  Asia And Europe Steel Rebar Market Overview The  Asia and Europe steel rebar market  size is expected to reach USD 272.71 billion in 2030 and is projected to grow at a CAGR of 5.8% from 2025 to 2030. Government support by countries in Asia and Europe for the residential and real estate sector is projected to boost the market growth in the long run. The construction segment held the largest revenue share in 2020 and is likely to continue its dominance from 2021 to 2028.   Supportive government policies along with sustained demand for housing are projected to remain key drivers for the market in emerging economies such as China, India, and ASEAN. For instance, in the National Budget 2021, the Indian government allocated around USD 6,700 million to the Ministry of Housing and Urban Development (MoHUA). Additionally, subsidies from governments for first-time homebuyers in developing and developed countries have benefited the growth of the residential sector. Count...

Asia And Europe Steel Rebar Market size is expected to reach USD 283.1 billion by 2028

  Asia And Europe Steel Rebar Industry Overview The Asia and Europe steel rebar market size was valued at USD 155.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2021 to 2028. Governments in various countries are focusing on the expansion of infrastructure through the development of bridges, highways, and tunnels, which is projected to provide new opportunities for steel rebar vendors over the coming years. For instance, The Atal Rohtang Tunnel in Himachal Pradesh that came into service in October 2020 is one of the longest road tunnels in India that has reduced 46 km of distance between Leh and Manali.   The Steel Authority of India (SAIL) provided 6,500 tons of TMT rebars and 1,500 tons of structural steel for this project. Similar projects are underway across Asia and Europe, which are projected to fuel market growth over the coming years. China is projected to remain a key consumer in Asia’s steel...