Lucintel Forecasts Composite Rebar Market to Reach $156.0 million by 2030

A recent study projects that the composite rebar market will reach an estimated $156.0 million by 2030, up from $130.2 million in 2023, with a compound annual growth rate (CAGR) of 3.0% from 2023 to 2028. The market’s growth is mainly fueled by the rise in new transportation construction and the expansion of commercial and residential construction. Increasing acceptance of fiber reinforced plastic (FRP) rebars and research and development initiatives for FRP rebars are also significant factors driving this market.

The 131-page report includes 66 figures/charts and 65 tables providing insights into trends, opportunities, and forecasts in the composite rebar market by end use (construction, electrical isolation, industrial, marine, etc.), product type (glass fiber, carbon fiber, basalt fiber), and region (North America, Europe, Asia Pacific, and Rest of the World).

Forecasted by Lucintel, construction will continue to be the largest end use segment and is anticipated to experience the highest growth due to investments in infrastructure such as bridges, buildings, highways, and water systems. Glass fiber reinforced plastic (GFRP) composite rebar is expected to maintain its position as the largest segment owing to demand in various applications like roads, bridges, tunnels, marine structures, and water fronts.

North America is predicted to retain its status as the largest region, with the Asia Pacific region experiencing the highest growth due to infrastructure replacements and new developments. Major composite rebar providers include FireP International AG, Pultron Composites, Owens Coring Schoeck, and Marshall Composite Technology LLC.

This comprehensive research report equips businesses with the information needed to make informed decisions in this competitive global market. For more details, contact Lucintel at +1-972-636-5056 or email helpdesk@lucintel.com. Access over 1000 reports at a fraction of the cost through Lucintel’s Analytics Dashboard.

Lucintel, based in Dallas, Texas, offers growth solutions through innovative ideas and thorough market analysis, serving over 1,000 clients for more than 20 years. Contact Roy Almaguer at roy.almaguer@lucintel.com or +1-972-636-5056 for more information.

For more information about Lucintel’s services and publications, including the Tertio Butyl Mercaptan (TBM) Market, Krypton-85 Market, Modified Polycarbonate Market, Musk Ketone Market, Pure Calcium Aluminate Cement Market, and Stevia Extract Market, visit their website.