Global Composite Rebar Market 2023-2027
The composite rebar market is forecasted to grow by USD 306.94 mn during 2022-2027, accelerating at a CAGR of 9.56% during the forecast period. The report on the composite rebar market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased government spending on infrastructure, growing global commercial and residential construction, and adoption of carbon fiber-reinforced polymer rebar in automotive industry.
Technavio's composite rebar market is segmented as below:
- Glass fiber
- Carbon fiber
- Basalt fiber
By Geographical Landscape
- North America
- South America
- Middle East and Africa
This study identifies the rising preference for lightweight materials as one of the prime reasons driving the composite rebar market growth during the next few years. Also, increase in demand for remodeling structures and technological innovations in composite rebars will lead to sizable demand in the market.
The report on the composite rebar market covers the following areas:
- Composite rebar market sizing
- Composite rebar market forecast
- Composite rebar market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading composite rebar market vendors that include ALP Supply, Armastek, Composite Group Chelyabinsk LLC, Everest Composites Pvt. Ltd., FiReP Rebar Technology GmbH, Galen LLC, Hubei Yulong group Jinli New Material Co. Ltd., Kodiak Fiberglass Rebar, Marshall Composite Technology LLC, Mateenbar Ltd., MRG Composites India Pvt. Ltd., Nanjing Fenghui Composite Material Co. Ltd., Owens Corning, Pultron Composites Ltd., Schock Bauteile GmbH, SFTec LLC, Sireg Geotech Srl, Technobasalt Invest LLC, Tribeni Fiber Pvt Ltd., and TUF BAR Inc.. Also, the composite rebar market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.