Latest News: Composite Rebar Market Size to grow by USD 334.3 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Composite Rebar Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The composite rebar market has experienced significant growth due to the increasing demand from the construction, automotive, and wind energy industries. Composite rebars, known for their high strength and durability, are increasingly preferred over traditional materials like steel and aluminum in these sectors. In the automotive industry, the use of composite rebars results in lighter vehicles, leading to reduced greenhouse emissions and improved fuel efficiency. Similarly, in the wind energy sector, the adoption of composite rebars in wind turbines contributes to increased market share through weight reduction and innovative designs. With glass fibers being about 60% lighter than steel and offering high weight reduction potential at a low cost, composite rebars offer an attractive solution for manufacturers seeking to enhance their competitiveness.

Key Highlights

Growth Projections

The global composite rebar market  size is estimated to grow by USD 334.3 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.59% during the forecast period. Increased government spending on infrastructure is driving market growth, with a trend towards rising preference for lightweight materials  However, greater initial capital requirements in composite rebar  poses a challenge.Key market players include ALP Supply, Armastek, Composite Group Chelyabinsk LLC, Everest Composites Pvt. Ltd., FiReP Rebar Technology GmbH, Galen LLC, Hubei Yulong group Jinli New Material Co. Ltd., Kodiak Fiberglass Rebar, Marshall Composite Technology LLC, Mateenbar Ltd., MRG Composites India Pvt. Ltd., Nanjing Fenghui Composite Material Co. Ltd., Owens Corning, Pultron Composites Ltd., Schock Bauteile GmbH, SFTec LLC, Sireg Geotech Srl, Technobasalt Invest LLC, Tribeni Fiber Pvt Ltd., and TUF BAR Inc..

Know what is trending in the market - Access a free sample report! 

Major Findings

• The composite rebar market is poised for significant growth due to increased government investments in infrastructure development. These investments, aimed at enhancing the country's infrastructure, will lead to heightened demand for composite rebars. Composite rebars offer several advantages over traditional steel rebars, including superior durability, corrosion resistance, and lightweight properties. As a result, their adoption in infrastructure projects is expected to increase substantially. Additionally, the environmental benefits of composite rebars, such as reduced carbon emissions, further add to their appeal. Consequently, the composite rebar market is anticipated to experience robust growth in the coming years.


• The global composite rebar market is experiencing significant growth due to the increasing demand for commercial and residential construction projects. This trend is driven by the numerous benefits of composite rebars, including their superior strength, durability, and resistance to corrosion. Composite rebars are also environmentally friendly, as they reduce the need for concrete repairs and replacements over their long lifespan. As a result, the composite rebar market is poised for continued expansion in the coming years.


• Composite rebar, a construction material made from steel and concrete, necessitates a greater initial capital investment compared to traditional rebar. This is due to the advanced manufacturing processes and materials required to produce composite rebar, which results in higher production costs. However, the long-term benefits, such as improved durability and corrosion resistance, make it a worthwhile investment for infrastructure projects.


• The construction industry's reliance on composite rebar continues to grow, yet a lack of professional knowledge regarding the materials used in structure building persists. Composite rebar, a combination of steel and concrete, offers enhanced durability and corrosion resistance. This innovative solution is increasingly being adopted for infrastructure projects, particularly in regions with high seismic activity or harsh environmental conditions. However, it is crucial for construction professionals to possess a comprehensive understanding of composite rebar's properties, installation techniques, and benefits to ensure optimal performance and longevity.

Market Research Overview

The composite rebar market is a segment of the expansive global construction materials industry, encompassing companies that manufacture and supply reinforced steel bars for concrete reinforcement. The parent construction materials market caters to a diverse range of products, including sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other materials. The global construction materials market size is determined by the combined revenue generated by providers in the chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products sectors. Factors propelling growth in the construction materials market include the burgeoning building and construction industry, which has experienced substantial expansion in recent years and is projected to continue this trend.

The Composite Rebar Market is experiencing significant growth, fueled by the Increased government spending on infrastructure. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

For insights on company offerings- Request a sample report!

Regional Insights

The Composite Rebar Market represents a significant growth opportunity for businesses in the construction industry. This market segment is characterized by the use of advanced materials, such as fiberglass and plastic, coated over steel rebar. The composite rebar's superior corrosion resistance and durability make it an attractive alternative to traditional rebar. Market trends indicate increasing demand for sustainable and cost-effective construction solutions, further boosting the composite rebar market's growth trajectory. Businesses can capitalize on this trend by investing in the production and distribution of composite rebar.

Research Analysis Overview

The Composite Rebar Market encompasses a wide range of materials used as concrete reinforcement in building construction activities. These materials, including basalt fiber, carbon fiber, and glass fiber-reinforced polymer (GFRP) rebar, offer several advantages over traditional steel welded rods and iron rods. Composite rebars boast a superior strength-to-weight ratio, making them an ideal choice for structures that require high tensile strength with minimal weight. Their lightweight nature also reduces the overall weight of the structure, leading to lower transportation and installation costs. Moreover, composite rebars exhibit excellent corrosion resistance, making them suitable for use in corrosive environments. This property is especially important in bridges and ports, where the exposure to environmental elements can significantly impact the durability of the reinforcement. Construction professionals are increasingly turning to materials like carbon-fiber-reinforced polymer (CFRP) and Aramid fiber-reinforced polymer (AFRP) for their mechanical properties. These advanced composites offer enhanced strength and durability, making them suitable for use in high-performance applications. The Pultrusion manufacturing process is commonly used to produce composite rebars, ensuring consistent quality and uniform properties. The use of composite rebars in green buildings is also on the rise due to their low carbon footprint and sustainable production methods. In summary, composite rebars, including GFRP, CFRP, and AFRP, offer several advantages over traditional reinforcement materials, including superior strength-to-weight ratio, corrosion resistance, and sustainable production methods. These benefits make them an attractive choice for construction professionals in various industries.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/