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Composite Rebar Market Trends and Forecast

The future of the global composites products such as rebar market looks promising in the construction, electrical isolation, industrial, and marine market. The global composites rebar market is expected to reach an estimated $177.7 million by 2028 with a CAGR of 2.7% 2022 to 2028. The major drivers for this market are 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.