Lucintel Forecasts The Global Composite Rebar Market To Reach $156 Million By 2030

By Author: Lucintel LLC
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According to the recent study the composite rebar market is projected to reach an estimated $156 million by 2030 from $130 million in 2023 at a CAGR of 3% from 2023 to 2030. 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 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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