Composite Rebar Market is anticipated to grow at a CAGR of 8.1% during 2023-2028
The global composite rebar market is projected to reach $334.2 million by 2028, at a CAGR of 8.1% during 2023-2028. The growth of composite rebar market is 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.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the 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)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the composite rebar market?
Q.4 What are some changing demands of customers in the composite rebar market?
Q.5 What are the new developments in the composite rebar market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this composite rebar area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this composite rebar market?
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of nano-sized filler used in the manufacturing of FRP rebars.
Market Segmentation:
Based on end use, the composite rebar market is segmented into construction, electrical isolation, industrial, marine, and others. The construction segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to because of investments in infrastructure, including bridges, buildings, highways, water distribution systems, and other facilities.
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.
Key Players in the composite rebar market are Hughes Brothers, FireP International AG, Pultron Composites, Schoeck, Marshall Composite Technology LLC, and Mateenbar Limited.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Roy AlmaguerLucintel Dallas, Texas, USA Email: [email protected] Tel. 972.636.5056
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