Global Composite Rebar Market is valued at approximately USD 550.2 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 8.9% over the forecast period 2023-2030. The composite rebar involves the production and distribution of reinforcing bars made from composite materials, offering advantages like strength, corrosion resistance, and lightweight. It is an alternative to traditional steel reinforcement, offering several advantages in various applications. The Composite Rebar market is expanding because of factors such as increasing number of highways and rising numbers of infrastructure projects. Moreover, rising numbers of infrastructure projects have a significant impact on the Composite Rebar Market, increasing demand for durable and corrosion-resistant reinforcement solutions.
According to Statista in 2022, India had the highest number of infrastructure projects valued at over USD 25 million, with 1,944 projects in development or execution. In comparison, the United States had 1,866 projects, and China had 1,175 projects. The increasing adoption of composite rebar in construction projects has a significant impact on the growth and demand of the Composite Rebar Market, driven by the need for durable and sustainable reinforcement solutions. According to Statista in 2023, the global construction industry is anticipated to reach a value of USD 14.4 trillion in 2030, showing significant growth from its 2020 value of USD 6.4 trillion. In addition, increasing demand of marine structures and rising technological advancements in composite rebar would create a lucrative growth opportunity. However, the high cost of composite rebar and lack of awareness stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Composite Rebar Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominates the market during the forecast period owing to the factors such as increasing Construction Activities and rapid infrastructure development, leading to an increasing demand for high-quality Composite Rebar components in the region. Asia Pacific is the fastest growing region during the forecast period, owing to factors such as growing infrastructure development, including bridges, buildings, highways, water distribution systems, and other facilities
Major market player included in this report are:
- Schock Bauteile GmbH
- Dextra Group
- BTG Composites Inc.
- Composite Rebar Technologies, Inc.
- Concrete Protection Products, Inc.
- COTECH Inc.
- Hughes Brothers Inc.
- Pultrall Inc.
- Pultron Composites Ltd.
- Marshall Composite Technologies LLC
Recent Developments in the Market:
- In June 2022, Pultron Composites and Owens Corning have formed a strategic joint venture to produce high-quality fibreglass rebar. This collaboration allows the companies to significantly boost their global market presence while also facilitating expansion initiatives in the United States as well as worldwide.
- In April 2021, Owens Corning Infrastructure Solutions has launched the MATEENBARTM FiberglasTM Rebar, a high-performance composite rebar with greater durability and weight savings. This cutting-edge substance provides exceptional strength and better protection against harsh conditions and potential harm.
Global Composite Rebar Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- GFRP Rebar
- BFRP Rebar
- CFRP Rebar
- Others
By Application:
- Bridges & Port
- Underground Construction
- Road Building
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Composite Rebar Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Composite Rebar Market, by Type, 2020-2030 (USD Million)
- 1.2.3. Composite Rebar Market, by Application, 2020-2030 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Composite Rebar Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Composite Rebar Market Dynamics
- 3.1. Composite Rebar Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing number of highways
- 3.1.1.2. Rising numbers of infrastructure projects.
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of composite rebar
- 3.1.2.2. Lack of awareness
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing demand of marine structures
- 3.1.3.2. Rising technological advancements in composite rebar
Chapter 4. Global Composite Rebar Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Composite Rebar Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Composite Rebar Market by Type, Performance - Potential Analysis
- 5.3. Global Composite Rebar Market Estimates & Forecasts by Type 2020-2030 (USD Million)
- 5.4. Composite Rebar Market, Sub Segment Analysis
- 5.4.1. GFRP Rebar
- 5.4.2. BFRP Rebar
- 5.4.3. CFRP Rebar
- 5.4.4. Others
Chapter 6. Global Composite Rebar Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Composite Rebar Market by Application, Performance - Potential Analysis
- 6.3. Global Composite Rebar Market Estimates & Forecasts by Application 2020-2030 (USD Million)
- 6.4. Composite Rebar Market, Sub Segment Analysis
- 6.4.1. Bridges & Port
- 6.4.2. Underground Construction
- 6.4.3. Road Building
- 6.4.4. Others
Chapter 7. Global Composite Rebar Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Composite Rebar Market, Regional Market Snapshot
- 7.4. North America Composite Rebar Market
- 7.4.1. U.S. Composite Rebar Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Composite Rebar Market
- 7.5. Europe Composite Rebar Market Snapshot
- 7.5.1. U.K. Composite Rebar Market
- 7.5.2. Germany Composite Rebar Market
- 7.5.3. France Composite Rebar Market
- 7.5.4. Spain Composite Rebar Market
- 7.5.5. Italy Composite Rebar Market
- 7.5.6. Rest of Europe Composite Rebar Market
- 7.6. Asia-Pacific Composite Rebar Market Snapshot
- 7.6.1. China Composite Rebar Market
- 7.6.2. India Composite Rebar Market
- 7.6.3. Japan Composite Rebar Market
- 7.6.4. Australia Composite Rebar Market
- 7.6.5. South Korea Composite Rebar Market
- 7.6.6. Rest of Asia Pacific Composite Rebar Market
- 7.7. Latin America Composite Rebar Market Snapshot
- 7.7.1. Brazil Composite Rebar Market
- 7.7.2. Mexico Composite Rebar Market
- 7.8. Middle East & Africa Composite Rebar Market
- 7.8.1. Saudi Arabia Composite Rebar Market
- 7.8.2. South Africa Composite Rebar Market
- 7.8.3. Rest of Middle East & Africa Composite Rebar Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Schock Bauteile GmbH
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Dextra Group
- 8.3.3. BTG Composites Inc.
- 8.3.4. Composite Rebar Technologies, Inc.
- 8.3.5. Concrete Protection Products, Inc.
- 8.3.6. COTECH Inc.
- 8.3.7. Hughes Brothers Inc.
- 8.3.8. Pultrall Inc.
- 8.3.9. Pultron Composites Ltd.
- 8.3.10. Marshall Composite Technologies LLC
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption