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Showing posts with the label Steel Rebar Market

Exploring Regional Growth Trends in the Steel Rebar Market

  The global steel rebar market, valued at USD 270.18 billion in 2021, is projected to grow at a compound annual growth rate (CAGR) of   4.9% from 2022 to 2030. This growth is primarily driven by rising investments in infrastructure development and construction activities worldwide. Governments across various regions are focusing on boosting economic growth through infrastructure improvements, which directly support the demand for steel rebar. In 2021, for example, the Chinese government allocated USD 573 billion in special-purpose bonds (SPBs) for local governments to rebuild and develop the country’s infrastructure. Half of the funds from these bonds were directed toward industrial parks and transport infrastructure, underscoring the massive push for development that fuels demand for steel rebar. Similarly, the U.S. is one of the major consumers of steel rebar, with increasing government spending on infrastructure rebuilding. The Infrastructure Investment Jobs...

Reinforcing Growth: In-Depth Insights into the Steel Rebar Market 2022 to 2030

  The global steel rebar market was valued at USD 270.18 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030. This growth is primarily fueled by increasing investments in infrastructure development projects and rising construction activities worldwide. Governments across various countries are significantly increasing their spending on infrastructure to drive economic growth, which is expected to bolster the demand for steel rebars. For example, in 2021, the Chinese government allocated USD 573 billion in special-purpose bonds (SPBs) to its local governments to revitalize the nation’s infrastructure. Of these funds, 50% were earmarked for the development of industrial parks and transport infrastructure, driving demand for steel rebars in these projects. In the U.S., steel rebar demand is also expected to remain robust, largely due to increased investments in infrastructure rebuilding projects. The passing of the Infrastructure I...

Steel Rebar Market size is expected to reach USD 415.79 billion by 2030

  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 anticipat...