Lucintel’s latest market report analyzed that composite rebar provides attractive opportunities in the construction, electrical isolation, industrial, and marine market. The composite rebar market is expected to reach $334.2 million by 2028 with a CAGR of 8.1%. In this market, construction is the largest segment by end use, whereas glass fiber reinforced plastic (GFRP) is largest by product type. Introduction of nano-sized filler used in the manufacturing of FRP rebars provides strategic growth path in this market.
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Based on end use, the composite rebar market is segmented into construction, electrical isolation, industrial, marine, and others. The construction segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to because of investments in infrastructure, including bridges, buildings, highways, water distribution systems, and other facilities.
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131 – Pages
The Composite Rebar Market is marked by the presence of several big and small players. Some of the prominent players offering composite rebar include Hughes Brothers, FireP International AG, Pultron Composites, Schoeck, Marshall Composite Technology LLC, and Mateenbar Limited.
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