According to a new market report published by
Lucintel, the future of the global composite rebar market looks good with opportunities
in the construction, electrical isolation, industrial, marine, and others. The global
composite rebar market is forecast to grow at a CAGR of 5.4% by value from 2015
to 2020. The major drivers of growth for this market are an increase in new
transportation construction and growth in commercial and residential
construction. Growing acceptance of fiber reinforced plastic (FRP) rebars and
initiatives for research and development for FRP rebars are other key drivers
for this market.
In this market, glass fiber, carbon fiber,
basalt fiber with polyester, vinyl ester, and epoxy resins are used to
manufacture FRP rebars. Lucintel predicts that the demand for glass fiber
reinforced polymer (GFRP) rebars is likely to experience the highest growth in
the forecast period, supported by growing demand in roads, bridges, tunnels,
MRI rooms, marine structures, and water fronts. On the basis of its
comprehensive research, Lucintel forecasts that the construction and electrical
isolation segments are expected to show above average growth during the
forecast period.
Within the
FRP rebar market, construction is expected to remain the largest market by
value and volume consumption. Corrosion resistance, high strength, light weight,
non-magnetic, and good fatigue endurance are the properties that will drive the
growth of FRP rebars in construction applications.
North America is expected to remain the
largest market due to growth in the replacement of existing and development of
new infrastructures. In the US, more than a quarter of all existing bridges and
roads are deficient and need repair or replacement. This will help to spur the
demand for the FRP rebar market.
Rest of the
World is expected to show above average growth during the forecast period by
virtue of increasing expenditure on urban development in Qatar, Saudi Arabia,
and other Gulf Cooperation Council (GCC) countries.
For
market expansion, the report suggests innovation and new product development,
where the unique characteristics of composite rebars can be capitalized. The
report further suggests the development of partnerships with customers to
create win-win situations and development of low-cost solutions for end users.
The one emerging trend, which directly impacts
the dynamics of the industry, is the introduction of nano-sized filler used in the
manufacturing of FRP rebars. Hughes
Brothers, FireP International AG, Pultron Composites, Schoeck, Marshall
Composites Technology LLC, International Gratings Inc., Armastek, and Dextra Group are among the major players in the composite
rebar market.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed the global composite rebar market
by product type, end use industry type and region and has come up with a
comprehensive research report, “The
Global Composite Rebar Market 2015-2020: Trends, Forecast, and Opportunity
Analysis.”
The Lucintel report serves as a springboard for growth strategy, as it provides
a comprehensive data and analysis on trends, key drivers, and directions. The
study includes the forecast for the global composite rebar market through 2020,
segmented by product type, end use industry type and region as follows:
By product type [value ($ million) and volume
(million pounds) shipment analysis from 2009 to 2020]:
·
Glass Fiber Reinforced Polymer Rebar (GFRP
Rebar)
·
Carbon Fiber Reinforced Polymer Rebar (CFRP
Rebar)
·
Basalt Fiber Reinforced Polymer Rebar (BFRP
Rebar)
By region [value ($ million) and volume (million pounds)
shipment analysis from 2009 to 2020]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
By end use industry [value ($ million) and volume (million pounds)
shipment analysis from 2009 to 2020]:
·
Construction
·
Electrical Isolation
·
Industrial
·
Marine
·
Others
This
118-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/reports/chemical_composites/the_global_composite_rebar_market_2015_2020_trends_forecast_and_opportunity_analysis_february_2016.aspx
or helpdesk@lucintel.com. Lucintel
offerings include advanced
materials reports, composite
materials market report, business
strategy consulting, market
research due diligence and marketing
research reports online.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q.
1. What are some of the most promising, high-growth in the global composite
rebar market by applications and region?
Q.
2.Which product segments will grow at a faster pace and why?
Q.
3.Which region will grow at a faster pace and why?
Q.4.What
are the key factors affecting market dynamics? What are the drivers and
challenges in the market?
Q.5.What
are the business risks and competitive threats in this market?
Q.6.What
are emerging trends in this market and reasons behind them?
Q.7.What
are some changing demands of customers in the market?
Q.8.What
are the new developments in the market and which companies are leading these
developments?
Q.9.Who
are the major players in this market? What strategic initiatives are being implemented
by key players for business growth?
Q.10.
What are some of the competitive products in this area and how great a threat
do they pose for loss of market share through product substitution?
Q.
11. What M & A activities has transpired in the last 5 years in this market
and what is its impact on the industry?
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