SPUN GLASS
MARKET OVERVIEW
Reinforcing steels provide strength and stability to concrete structures, with growing demand driven by infrastructure projects, urbanization, and government initiatives for sustainable buildings.
MARKET SIZE AND GROWTH
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MARKET SIZE (2023):
APPROXIMATELY USD 248.71 BILLION
PROJECTED MARKET SIZE (2032): AROUND USD USD 365.22 BILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 4.31% DURING THE FORECAST PERIOD.
MARKET SEGMENTATION
By Type
Deformed Steel Bar
Mild Steel Plain Bar
Others
By Application
Residential Construction
Commercial Construction
Infrastructure (Bridges, Roads, Tunnels)
Industrial Construction
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
EUROPE
MIDDLE EAST & AFRICA
Infrastructure modernization and new developments.
SOUTH
AMERICA
Moderate growth with governmentfunded projects.
NORTH AMERICA
Driven by infrastructure projects and urban development.
Focus on green buildings and renovation.
ASIA-PACIFIC
Urbanization and industrial expansion boost demand.
KEY PLAYERS
Arcelor
Mittal
POSCO
Nucor
Nippon
Steel
Tata Steel
