The global steel rebar market was valued at USD 216.5 billion in 2024 and is expected to reach USD 260.66 billion by 2032
During the forecast period of 2025 to 2032 the market is likely to grow at a CAGR of 4.75%, primarily driven by the rising environmental concerns and regulatory pressures to decarbonize the construction sector
This growth is driven by factors such as rise in demand for sustainable energy sources such as wind and hydropower and increasing demand for steel in motors of hybrid/electrical vehicles
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