Long Steel Products Industry Projected to Reach USD 469.8 Billion 2019
Long Steel Products Industry Data Book Covers Steel Rebar, Carbon Steel Pipe Fittings, Steel Pipes & Tubes and Steel Wire Markets. The global long steel products industry size was estimated at USD 469.8 billion in 2019. The market is expected to expand at a CAGR of 5.5% CAGR (2020-2027). Steel Rebar Market Report Highlights The global steel rebar market size was valued at USD 270.18 billion in 2021, and it is expected to reach USD 415.79 billion by 2030, expanding at a CAGR of 4.9% from 2022 to 2030. Based on application, construction accounted for a revenue share of more than 55.0% in 2021, and this trend is expected to continue across the forecast period on account of rising construction activities across various economies The Asia Pacific held a revenue share of over 60.0% in 2021. Growing construction spending on public infrastructure, coupled with commercial sectors, is propelling the product demand Rising carbon footprints from the steel industry ...