Israel Steel Rebar Market Revenue is projected to grow at a CAGR of 7.8% during 2024-2030

Mild Steel sector by End-User held the highest revenue share in Israel Steel Rebar Market -6Wresearch

Mild Steel held the highest volume share in Israel's Steel Rebars Market in 2023, supported by its broad applicability in construction and infrastructure projects. For instance, the expansion of solar farms under Israel's renewable energy initiatives, targeting 30% electricity generation from renewables by 2030, likely contributed to the demand for steel rebars, including mild steel, for structural and foundational purposes.

According to 6Wresearch, Israel Steel Rebar Market Revenue is projected to grow at a CAGR of 7.8% during 2024-2030. The Israel Steel Rebar Market is poised for significant growth, fueled by large-scale infrastructure and renewable energy projects. The government’s announcement of USD 35 billion worth of infrastructure projects over the next decade, including USD 6 billion for transportation projects and USD 4.5 billion for power and desalination plants, would drive demand for steel rebars. Moreover, initiatives like the Energy Islands project and the seafront housing development highlight the country’s commitment to advancing its construction sector.

Renewable energy expansion would also contribute to market growth, with USD 22.8 billion allocated to solar and transmission infrastructure. For instance, the projected increase in solar power capacity to 17.1GW by 2030 underscores the rising demand for steel rebars in building renewable energy facilities. Despite current challenges, these developments indicate a positive long-term outlook for the steel rebar market in Israel.

According to Suryakant, Senior Research Analyst, 6Wresearch, the construction sector dominated the revenue share in Israel's Steel Rebars Market in 2023, driven by government policies promoting large-scale infrastructure development. For example, the Israeli government's allocation of USD 35 billion for infrastructure projects, including transportation, energy, and housing, significantly boosted the demand for steel rebars in various construction activities

Israel Steel Rebar Market (2024-2030) report provides an in-depth analysis with 15 figures and 5 tables, covered in 63 pages. The report thoroughly covers market by type and by end use. Israel Steel Rebar Market outlook report provides an unbiased and detailed analysis of the on-going Israel Steel Rebar Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.