According to the recent study the composite rebar market is projected to reach an estimated $156.0million 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.
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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 CoringSchoeck, and Marshall Composite Technology LLC, are among the major composite rebar providers.
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Roy Almaguer
Lucintel
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Email: [email protected]
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