According to the recent study the composites rebar market is projected to reach an estimated $152.0 million by 2031 from $125.5 million in 2024, at a CAGR of 3.0% from 2024 to 2031. The major drivers for this market are corrosion resistance and durability, growing demand for sustainable and eco-friendly construction, and technological advancements in composite materials.
Browse 66 figures / charts and 65 tables in this 131 -page report to understand trends, opportunities and forecast in composite rebar market by end use (construction, electrical isolation, industrial, marine, and others), product type (glass fiber, carbon fiber, basalt fiber), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that construction will remain the largest end use segment and is also expected to witness the highest growth over the forecast period due to because of investments in infrastructure, including bridges, buildings, highways, water distribution systems, and other facilities.
Glass fiber reinforced plastic (GFRP) composite rebar will remain the largest segment over the forecast period due to demand in roads, bridges, tunnels, MRI rooms, marine structures, and water fronts.
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North America is expected to remain the largest region and APAC the highest growth over the forecast period because of growth in the replacement of existing and development of new infrastructures.
FireP International AG, Pultron Composites, Owens Coring Schoeck, and Marshall Composite Technology LLC, are among the major composite rebar providers.
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