Press release
Lucintel Forecasts Composite Rebar Market to Reach $152.0 million by 2031
Key data points: The market growth forecast = 3% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the composite rebar market to 2031 by end use industry (construction, elec
According to the recent study the composite rebar market [https://www.lucintel.com/composite-rebar-market.aspx] 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.
Download sample by clicking on composite rebar market
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.
About Lucintel
At Lucintel [http://www.lucintel.com/], 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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