- The steel rebar market is primarily driven by rising infrastructure development and urbanization, especially in emerging economies, leading to increased demand for reinforced concrete in residential, commercial, and industrial construction.
- The transition toward sustainable energy sources such as wind and hydropower is creating additional demand for rebar in renewable energy infrastructure like turbine foundations and hydroelectric plants.
- Growing emphasis on seismic-resistant structures and durable high-strength concrete is pushing the demand for thermomechanically treated (TMT) and corrosion-resistant steel rebars in both developed and developing regions.
- Asia Pacific, led by China and India, dominates the market due to large-scale construction projects, industrial expansion, and government-backed infrastructure initiatives such as India’s Smart Cities Mission and China’s Belt and Road Initiative.
