openPR Logo
Press release

Lucintel identifies and prioritizes opportunities for growth in the global composite rebar market by material type, end use industry, and region

05-11-2017 02:56 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Lucintel LLC

Insights that Matter

Insights that Matter

According to a new market report published by Lucintel, the future of the global composite rebar market looks good with opportunities in the construction, electrical isolation, industrial, marine, and others. The global composite rebar market is forecast to grow at a CAGR of 5.4% by value from 2015 to 2020. The major drivers of growth for this market are an 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.
In this market, glass fiber, carbon fiber, basalt fiber with polyester, vinyl ester, and epoxy resins are used to manufacture FRP rebars. Lucintel predicts that the demand for glass fiber reinforced polymer (GFRP) rebars is likely to experience the highest growth in the forecast period, supported by growing demand in roads, bridges, tunnels, MRI rooms, marine structures, and water fronts. On the basis of its comprehensive research, Lucintel forecasts that the construction and electrical isolation segments are expected to show above average growth during the forecast period.
Within the FRP rebar market, construction is expected to remain the largest market by value and volume consumption. Corrosion resistance, high strength, light weight, non-magnetic, and good fatigue endurance are the properties that will drive the growth of FRP rebars in construction applications.
North America is expected to remain the largest market due to growth in the replacement of existing and development of new infrastructures. In the US, more than a quarter of all existing bridges and roads are deficient and need repair or replacement. This will help to spur the demand for the FRP rebar market.
Rest of the World is expected to show above average growth during the forecast period by virtue of increasing expenditure on urban development in Qatar, Saudi Arabia, and other Gulf Cooperation Council (GCC) countries.
For market expansion, the report suggests innovation and new product development, where the unique characteristics of composite rebars can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for end users.

The one emerging trend, which directly impacts the dynamics of the industry, is the introduction of nano-sized filler used in the manufacturing of FRP rebars. Hughes Brothers, FireP International AG, Pultron Composites, Schoeck, Marshall Composites Technology LLC, International Gratings Inc., Armastek, and Dextra Group are among the major players in the composite rebar market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global composite rebar market by product type, end use industry type and region and has come up with a comprehensive research report, “The Global Composite Rebar Market 2015-2020: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes the forecast for the global composite rebar market through 2020, segmented by product type, end use industry type and region as follows:

By product type [value ($ million) and volume (million pounds) shipment analysis from 2009 to 2020]:
• Glass Fiber Reinforced Polymer Rebar (GFRP Rebar)
• Carbon Fiber Reinforced Polymer Rebar (CFRP Rebar)
• Basalt Fiber Reinforced Polymer Rebar (BFRP Rebar)
By region [value ($ million) and volume (million pounds) shipment analysis from 2009 to 2020]:
• North America
• Europe
• Asia Pacific
• Rest of the World
By end use industry [value ($ million) and volume (million pounds) shipment analysis from 2009 to 2020]:
• Construction
• Electrical Isolation
• Industrial
• Marine
• Others
This 118-page 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 helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q. 1. What are some of the most promising, high-growth in the global composite rebar market by applications and region?
Q. 2.Which product segments will grow at a faster pace and why?
Q. 3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges in the market?
Q.5.What are the business risks and competitive threats in this market?
Q.6.What are emerging trends in this market and reasons behind them?
Q.7.What are some changing demands of customers in the market?
Q.8.What are the new developments in the market and which companies are leading these developments?
Q.9.Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products in this area and how great a threat do they pose for loss of market share through product substitution?
Q. 11. What M & A activities has transpired in the last 5 years in this market and what is its impact on the industry?

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel
222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA
Ph: +1-972-636-5056 Fax: +1-877-883-5140
marketing@lucintel.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lucintel identifies and prioritizes opportunities for growth in the global composite rebar market by material type, end use industry, and region here

News-ID: 533295 • Views:

More Releases from Lucintel LLC

Access Control as a Service Market is anticipated to grow at a CAGR of 11% durin …
The global access control as a service market is projected to reach $1.1 billion by 2025, at a CAGR of 11% during 2020-2025. The growth of access control as a service market is driven by increasing uses of cloud computing platforms and IoT technology, growing demand for cloud based hosted and managed services, and rising adoption of electronic security products in access control as a services market. Some of the
Opportunities for European automotive composites market to reach $5.3 billion by …
According to a new market report published by Lucintel, the future of the automotive composites market looks good with opportunities in the power train, exterior, interior, electrical and electronics, and under body system. The European automotive composites market is expected to reach an estimated $5.3 billion by 2025 with a CAGR of 3.7% from 2020 to 2025. The major drivers for this market are increasing automotive production and growing demand
Technology Landscape, Trends and Opportunities in the Global Automotive Foam Mar …
The technologies in automotive foam have undergone significant changes in recent years, with traditional bulk foams to advanced Spray Foams. The rising wave of new technologies, such as polyolefin based foam and polyurethane based foams are creating significant potential in various vehicle platforms due to excellent mechanical strength, light weight, and wear and weathering resistance properties. To download report brochure, please go to https://www.lucintel.com/technology-automotive-foam-market.aspx and click "report brochure" tab from the
Opportunities for composites in the global aerospace market to reach $3.3 billio …
According to a new market report published by Lucintel, the future of the global aerospace composites material market looks promising with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft industries. The global aerospace composites materials market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an

All 4 Releases


More Releases for FRP

Global Fiberglass-reinforced plastic (FRP) Vessel Market
The studies performed by GME showed the FRP Vessel Market is projected to show trajectorial growth in the middle of 2020-2026 at a CAGR of 8.4%. Government inclination towards adoption of clean fuel and improving market of natural and fuel cell electric vehicles are the factors expected to boost up the FRP vessels market in coming years. The growing application range of FRP vessels in different sectors such as in
FRP Rebar Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the FRP Rebar analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “FRP Rebar 2020-2025” Research Report categorizes the global FRP Rebar by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth rate, opportunities
FRP Poles Market Size, Share, Development by 2024
Global Info Research offers a latest published report on FRP Poles Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global FRP Poles players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the FRP Poles with respect to individual growth
Global Fiber Reinforced Polymer (FRP) Composites Market 2018-2023 | American Fib …
Researchmoz added Most up-to-date research on "2018 Global Fiber Reinforced Polymer (FRP) Composites Industry Report" to its huge collection of research reports. The global market size of Fiber Reinforced Polymer (FRP) Composites is $XX million in 2017 with XX CAGR from 2013 to 2017, and it is expected to reach $XX million by the end of 2023 with a CAGR of XX% from 2018 to 2023. There are 3 key segments covered
Global Fiber Reinforced Polymer (FRP) Composites Market Insights, Forecast to 20 …
Researchmoz added Most up-to-date research on "Global Fiber Reinforced Polymer (FRP) Composites Market Insights, Forecast to 2025" to its huge collection of research reports. This report researches the worldwide Fiber Reinforced Polymer (FRP) Composites market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Fiber Reinforced Polymer (FRP) Composites breakdown data by manufacturers, region, type
2017 FRP Panels Market Shows Speedy Growth
This report studies FRP Panels in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Crane Composites Panolam Industries International Glasteel Enduro Composites Fibrosan Strongwell Corporation Nudo Products(Marlite) Resolite FRP Composites Polser Fiberglass Reinforced Plastics Crane Composites Lamilux Heinrich Strunz