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.
Browse 24 market data tables and 75 figures spread through 121 pages and in-depth TOC on “Global Composite Rebar Market" http://www.lucintel.com/composite_rebar_market_2020.aspx
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.
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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.
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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:
Composite rebar market 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)
Composite rebar market by region [value ($ million) and volume (million pounds) shipment analysis from 2009 to 2020]:
North America
Europe
Asia Pacific
Rest of the World
Composite rebar market by end use industry [value ($ million) and volume (million pounds) shipment analysis from 2009 to 2020]:
Construction
Electrical Isolation
Industrial
Marine
Others
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This 121-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 click on this link http://www.lucintel.com/toc/composite_rebar_market_2020.aspx or helpdesk@lucintel.com
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