According to the recent study the composite rebar market is projected to reach an estimated $334.2 million by 2028 from $209.3 million in 2022, at a CAGR of 8.1% from 2023 to 2028. Growth in this market is primarily driven by 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.
Browse 66 figures/charts and 65 tables in this 131-page report to understand trends,
opportunities and forecast in composite rebar market by end use (construction,
electrical isolation, industrial, marine, and others), product type (glass
fiber, carbon fiber, basalt fiber), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Download sample report by clicking
on below link
https://www.lucintel.com/composite-rebar-market.aspx
“Construction market is expected to
remain the largest segment during the forecast period.”
Based on end use, the
composite rebar market is segmented into construction, electrical isolation,
industrial, marine, and others. Lucintel forecasts that the construction market
is expected to remain the largest segment due to because of investments in
infrastructure, including bridges, buildings, highways, water distribution
systems, and other facilities.
“Within the composite rebar market, the Glass fiber reinforced
plastic (GFRP) segment is expected to remain the largest product type.”
Based on product type
the glass fiber reinforced plastic (GFRP) segment is expected to witness the
highest growth over the forecast period due to demand in roads, bridges,
tunnels, MRI rooms, marine structures, and water fronts.
“North America will dominate the composite rebar market in near
future.”
North America is
expected to remain the largest region and witness the highest growth over the
forecast period because of growth in the replacement of existing and
development of new infrastructures.
Download Brochure of this report by clicking on https://www.lucintel.com/composite-rebar-market.aspx.
Major players of
composite rebar market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Owens Corning, FireP
International AG, Pultron Composites, Schoeck, Marshall Composite Technology
LLC, Mateenbar Limited are among the major composite rebar providers.
This unique 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 https://www.lucintel.com/composite-rebar-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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