Lucintel Forecasts Composite Rebar Market to Reach $152.0 million by 2031

According to the recent study the composite rebar market is projected to reach an estimated $152.0 million by 2031 from $125.5 million in 2024, at a CAGR of 3.0% from 2024 to 2031. The major drivers for this market are corrosion resistance and durability, growing demand for sustainable and eco-friendly construction, and technological advancements in composite materials.
A more than 150-page report to understand trends, opportunity and forecast in composite rebar market by end use industry (construction, electrical isolation, industrial, marine, and others), product type (GFRP rebar, CFRP rebar, and BFRP rebar), 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, Praana Group, Schoeck, 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.
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Lucintel
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Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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Lucintel finds that the future of the global glass fiber material market is promising with opportunities in the marine, transportation, pipe and tanks, aerospace, construction, electrical and electronics, consumer goods, and wind energy. The glass fiber material market is expected to reach an estimated $14 billion by 2031 with a CAGR of 4% from 2024 to 2031.

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