There are various standards available for steel rebars. For instance, European standards for reinforcement includes, EN 10138-1. Prestressing steels. General requirements, EN 10138-2. Prestressing steels. Wire, EN 10138-3. Prestressing steels. Strand and EN 10138-4. Prestressing steels. Bars
The article cited AMA's "Global Steel Rebars Market Study" explored CAGR of 4.5%. According to the report, An Emergence of Advanced Thermo-Mechanical Technology for Improving Quality of Steel is one of the primary growth factors for the market. Increasing Demand of Steel Rebars due to Rising Funding from Government for Development of Transportation Infrastructure
is also expected to contribute significantly to the Steel Rebars market growth. Overall, Infrastructure
applications of Steel Rebars, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End User Industry, such as Construction Industry, is boosting the Steel Rebars market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Finishing Type, such as Epoxy, is boosting the Steel Rebars market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Process Type, such as Basic Oxygen Steelmaking, is boosting the Steel Rebars market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Steel Rebars market identified that the demand is rising in many different parts of the world as "Upcoming Mega Projects such as The Hong Kong-Zhuhai-Macau Bridge, Beijing Daxing International Airport and others will grow market
". Furthermore, some recent industry insights like "On December 04, 2018, Tata Steel had launched new steel rebars named as TATA TISCON SD in South India. The as TATA TISCON SD is made by using a mix of carbon, sulfur, phosphorous and other alloying elements. The key features of the product include higher evacuation time in case of earthquakes and other calamities, guarantee more than basic characteristic strength and others." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Steel Rebars market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Steel Rebars market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Steel Rebars market size is calculated using market estimation process, the Steel Rebars market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Steel Rebars market size has been validated using both top-down and bottom-up approaches.