Composite Rebars Market Insights and Growth by 2031
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 2031" 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 2021 to 2031 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.
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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 2021 to 2031 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
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Composite Rebars Market - By Product Type
1.3.2 Composite Rebars Market - By Application
1.3.3 Composite Rebars Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COMPOSITE REBARS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. COMPOSITE REBARS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. COMPOSITE REBARS MARKET - GLOBAL MARKET ANALYSIS
6.1. COMPOSITE REBARS - GLOBAL MARKET OVERVIEW
6.2. COMPOSITE REBARS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COMPOSITE REBARS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. GLASS FIBER REINFORCED POLYMER REBAR (GFRP REBAR)
7.3.1. Overview
7.3.2. Glass Fiber Reinforced Polymer Rebar (GFRP Rebar) Market Forecast and Analysis
7.4. CARBON FIBER REINFORCED POLYMER REBAR (CFRP REBAR)
7.4.1. Overview
7.4.2. Carbon Fiber Reinforced Polymer Rebar (CFRP Rebar) Market Forecast and Analysis
7.5. BASALT FIBER REINFORCED POLYMER REBAR (BFRP REBAR)
7.5.1. Overview
7.5.2. Basalt Fiber Reinforced Polymer Rebar (BFRP Rebar) Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. COMPOSITE REBARS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TUNNELING
8.3.1. Overview
8.3.2. Tunneling Market Forecast and Analysis
8.4. MINING
8.4.1. Overview
8.4.2. Mining Market Forecast and Analysis
8.5. ROAD CONSTRUCTION
8.5.1. Overview
8.5.2. Road Construction Market Forecast and Analysis
8.6. SEAWALLS
8.6.1. Overview
8.6.2. Seawalls Market Forecast and Analysis
8.7. BUILDINGS
8.7.1. Overview
8.7.2. Buildings Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. COMPOSITE REBARS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Composite Rebars Market Overview
9.1.2 North America Composite Rebars Market Forecasts and Analysis
9.1.3 North America Composite Rebars Market Forecasts and Analysis - By Product Type
9.1.4 North America Composite Rebars Market Forecasts and Analysis - By Application
9.1.5 North America Composite Rebars Market Forecasts and Analysis - By Countries
9.1.5.1 United States Composite Rebars Market
9.1.5.1.1 United States Composite Rebars Market by Product Type
9.1.5.1.2 United States Composite Rebars Market by Application
9.1.5.2 Canada Composite Rebars Market
9.1.5.2.1 Canada Composite Rebars Market by Product Type
9.1.5.2.2 Canada Composite Rebars Market by Application
9.1.5.3 Mexico Composite Rebars Market
9.1.5.3.1 Mexico Composite Rebars Market by Product Type
9.1.5.3.2 Mexico Composite Rebars Market by Application
9.2. EUROPE
9.2.1 Europe Composite Rebars Market Overview
9.2.2 Europe Composite Rebars Market Forecasts and Analysis
9.2.3 Europe Composite Rebars Market Forecasts and Analysis - By Product Type
9.2.4 Europe Composite Rebars Market Forecasts and Analysis - By Application
9.2.5 Europe Composite Rebars Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Composite Rebars Market
9.2.5.1.1 Germany Composite Rebars Market by Product Type
9.2.5.1.2 Germany Composite Rebars Market by Application
9.2.5.2 France Composite Rebars Market
9.2.5.2.1 France Composite Rebars Market by Product Type
9.2.5.2.2 France Composite Rebars Market by Application
9.2.5.3 Italy Composite Rebars Market
9.2.5.3.1 Italy Composite Rebars Market by Product Type
9.2.5.3.2 Italy Composite Rebars Market by Application
9.2.5.4 United Kingdom Composite Rebars Market
9.2.5.4.1 United Kingdom Composite Rebars Market by Product Type
9.2.5.4.2 United Kingdom Composite Rebars Market by Application
9.2.5.5 Russia Composite Rebars Market
9.2.5.5.1 Russia Composite Rebars Market by Product Type
9.2.5.5.2 Russia Composite Rebars Market by Application
9.2.5.6 Rest of Europe Composite Rebars Market
9.2.5.6.1 Rest of Europe Composite Rebars Market by Product Type
9.2.5.6.2 Rest of Europe Composite Rebars Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Composite Rebars Market Overview
9.3.2 Asia-Pacific Composite Rebars Market Forecasts and Analysis
9.3.3 Asia-Pacific Composite Rebars Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Composite Rebars Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Composite Rebars Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Composite Rebars Market
9.3.5.1.1 Australia Composite Rebars Market by Product Type
9.3.5.1.2 Australia Composite Rebars Market by Application
9.3.5.2 China Composite Rebars Market
9.3.5.2.1 China Composite Rebars Market by Product Type
9.3.5.2.2 China Composite Rebars Market by Application
9.3.5.3 India Composite Rebars Market
9.3.5.3.1 India Composite Rebars Market by Product Type
9.3.5.3.2 India Composite Rebars Market by Application
9.3.5.4 Japan Composite Rebars Market
9.3.5.4.1 Japan Composite Rebars Market by Product Type
9.3.5.4.2 Japan Composite Rebars Market by Application
9.3.5.5 South Korea Composite Rebars Market
9.3.5.5.1 South Korea Composite Rebars Market by Product Type
9.3.5.5.2 South Korea Composite Rebars Market by Application
9.3.5.6 Rest of Asia-Pacific Composite Rebars Market
9.3.5.6.1 Rest of Asia-Pacific Composite Rebars Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Composite Rebars Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Composite Rebars Market Overview
9.4.2 Middle East and Africa Composite Rebars Market Forecasts and Analysis
9.4.3 Middle East and Africa Composite Rebars Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Composite Rebars Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Composite Rebars Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Composite Rebars Market
9.4.5.1.1 South Africa Composite Rebars Market by Product Type
9.4.5.1.2 South Africa Composite Rebars Market by Application
9.4.5.2 Saudi Arabia Composite Rebars Market
9.4.5.2.1 Saudi Arabia Composite Rebars Market by Product Type
9.4.5.2.2 Saudi Arabia Composite Rebars Market by Application
9.4.5.3 U.A.E Composite Rebars Market
9.4.5.3.1 U.A.E Composite Rebars Market by Product Type
9.4.5.3.2 U.A.E Composite Rebars Market by Application
9.4.5.4 Rest of Middle East and Africa Composite Rebars Market
9.4.5.4.1 Rest of Middle East and Africa Composite Rebars Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Composite Rebars Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Composite Rebars Market Overview
9.5.2 South and Central America Composite Rebars Market Forecasts and Analysis
9.5.3 South and Central America Composite Rebars Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Composite Rebars Market Forecasts and Analysis - By Application
9.5.5 South and Central America Composite Rebars Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Composite Rebars Market
9.5.5.1.1 Brazil Composite Rebars Market by Product Type
9.5.5.1.2 Brazil Composite Rebars Market by Application
9.5.5.2 Argentina Composite Rebars Market
9.5.5.2.1 Argentina Composite Rebars Market by Product Type
9.5.5.2.2 Argentina Composite Rebars Market by Application
9.5.5.3 Rest of South and Central America Composite Rebars Market
9.5.5.3.1 Rest of South and Central America Composite Rebars Market by Product Type
9.5.5.3.2 Rest of South and Central America Composite Rebars Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. COMPOSITE REBARS MARKET, KEY COMPANY PROFILES
11.1. BTG COMPOSITES INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. COMPOSITE REBAR TECHNOLOGIES, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CONCRETE PROTECTION PRODUCTS, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. COTECH INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DEXTRA GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FIBROLUX GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HUGHES BROTHERS INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OLLEARIS SA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PULTRALL INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TUF-BAR
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BTG Composites Inc.
2. Composite Rebar Technologies, Inc.
3. Concrete Protection Products, Inc.
4. COTECH Inc.
5. Dextra Group
6. Fibrolux GmbH
7. Hughes Brothers Inc.
8. Ollearis SA
9. Pultrall Inc.
10. TUF-BAR
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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