MARKET INTRODUCTION
Composite rebars are a substitute for the conventional steel rebars, which are used to provide a non-corrosive reinforcement to concrete and add service life to it. They can be up to 75% lighter than the traditional steel rebars, which makes it easy to carry and transport. They are light-weight, rust and corrosion-proof, and flexible, which allows for a higher degree of freedom in building designs. Composite bars are used in weight-sensitive applications, and environmentally sensitive areas where moving heavy equipment is undesirable. They are gaining acceptance in a number of major applications, including industrial engineering, highway construction, railway construction, residential construction, etc.
MARKET DYNAMICS
The rising prices of steel have led to the inflation in prices of steel rebars and led many contractors and builders to look for alternatives to the traditional steel bars. As composite rebars are unaffected by the climbing steel prices and the prices of composite rebars are fairly stable, builders have started to adopt composite bars in various construction projects. The rising uses of composite rebars in construction foundations of various residential construction and civil engineering projects are likely to augment the demand for composite bars. Moreover, the growing uses of composite rebars in industrial engineering to reinforce concrete tanks, concrete floors, sewage well's covers, etc. are anticipated to generate substantial demand for composite rebars in the forecast period. Advancements in material science and the trend of smarter building designs have pushed the use of composite rebars to the forefront. However, the initial high cost of composite rebars may dissuade consumers from employing them in construction projects and hinder the growth of the composite rebars market to some extent.
MARKET SCOPE
The "Global Composite Rebars Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the composite rebars market with detailed market segmentation by product type, application, and geography. The global composite rebars market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading composite rebars market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global composite rebars market is segmented on the basis of product type and application. On the basis of product type, the composite rebars market is segmented into, glass fiber reinforced polymer rebar (GFRP rebar), carbon fiber reinforced polymer rebar (CFRP rebar), basalt fiber reinforced polymer rebar (BFRP rebar), and others. On the basis of application, the market is bifurcated into, tunneling, mining, road construction, seawalls, buildings , and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global composite rebars market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The composite rebars market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the composite rebars market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the composite rebars market in these regions.
MARKET PLAYERS
The reports cover key developments in the composite rebars market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from composite rebars market are anticipated to lucrative growth opportunities in the future with the rising demand for composite rebars in the global market. Below mentioned is the list of few companies engaged in the composite rebars market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the composite rebars market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BTG Composites Inc.
- Composite Rebar Technologies, Inc.
- Concrete Protection Products, Inc.
- COTECH Inc.
- Dextra Group
- Fibrolux GmbH
- Hughes Brothers Inc.
- Ollearis SA
- Pultrall Inc.
- TUF-BAR
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