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...