Composites and Advanced Materials

According to a new market report published by Lucintel, the future of the composite rebar market looks promising with opportunities in the construction, electrical isolation, industrial, and marine market. The global composite rebar market is expected to reach an estimated $225.1 million by 2027 with a CAGR of 5.2% from 2021 to 2027.  The major drivers for this market are 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 reinforced plastic, carbon fiber reinforced plastic, and basalt fiber reinforced plastics are used to manufacture FRP rebars. Lucintel forecasts that glass fiber reinforced plastic (GFRP) rebar are expected to remain the largest segment due to demand in roads, bridges, tunnels, MRI rooms, marine structures, and water fronts. Basalt fiber reinforced plastic (BFRP) rebar is expected to witness the highest growth in the forecast period because of less price, high penetration and substantial properties including lightweight, magnetic transparency and resistance to hostile environment.

Within the composite rebar market, construction will remain the largest end use segment and is also expected to witness the highest growth over the forecast period 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.

Emerging trends, which have a direct impact on the dynamics of the industry, includes introduction of nano-sized filler used in the manufacturing of FRP rebars. Hughes Brothers, FireP International AG, Pultron Composites, Schoeck, Marshall Composites Technology LLC, and Mateenbar Limited are among the major players in the composite rebar market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global composite rebar market by end use, product type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Composite Rebar Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global composite rebar market by end use, product type, and region as follows:
















 

This 131-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 https://www.lucintel.com/composite-rebar-market.aspx or write us at helpdesk@lucintel.com.

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 potential, high growth opportunities for the global composite rebar market by end use ((construction, electrical isolation, industrial, marine, and others), product (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 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? 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 and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?