Lucintel Forecasts Composite Rebar Market to Reach $156.0 million by 2030
Lucintel Forecasts Composite Rebar Market to Reach $156.0 million by 2030
Blog Article
According to the recent study the composite rebar market is projected to reach an
estimated $156.0 million by 2030 from $130.2 million in 2023, at a CAGR of 3.0%
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).
Lucintel forecasts that construction will remain the largest end use segment and is
also expected to witness the highest growth over the forecast period due to because
of investments in infrastructure, including bridges, buildings, highways, water
distribution systems, and other facilities.
Glass fiber reinforced plastic (GFRP) composite rebar will remain the largest
segment over the forecast period due to demand in roads, bridges, tunnels, MRI
rooms, marine structures, and water fronts.
Download sample by clicking on composite rebar market
North America is expected to remain the largest region and APAC the highest growth
over the forecast period because of growth in the replacement of existing and
development of new infrastructures.
FireP International AG, Pultron Composites, Owens Coring Schoeck, and Marshall
Composite Technology LLC, 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 write us at helpdesk@lucintel.com To get access of
more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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