Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Composite Rebar Market makes an offering
of in-depth analysis of segments and sub-segments in the regional and
international Composite Rebar Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Composite
Rebar Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Composite Rebar Market is offered. In accordance with the report, the global
Composite Rebar Market is projected to
expand by healthy CAGR of 10.7% over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Composite
Rebar, also known as Fiber Reinforced Polymer Rebar is one type of bar used in
constructions as tension device in reinforced concrete to strengthen it and
lessen the tension. These are used as alternative of steel bars due to its
superior wear and corrosion resistance, high tensile strengthand lightweight.
Market Drivers
The
growing construction sector is main driver behind the rapid growth of Composite
Rebar Market. Composites Rebars are highly preferred in building bridges,
pedestrian, buildings, underground constructions, marine constructions, etc.
due to its high durability, wear resistance and corrosion resistance even when
exposed to humidity. It is very lightweight too which is highly needed in
constructing bridges and multistory buildings. The growing number of
construction works and marine constructions these days is pushing the growth rate
of the said market to rise high.
Beside
this, the rapid urbanization, growing population, rising per capita income and
rising concern over long lasting constructions are also some of the key players
behind the rapid growth of the Composite Rebar Market.
Aside
from these, the government subsidies to the construction firms to use better
products and rising foreign investments in the Composite Rebar sector are also
adding fuel to this increasing market growth.
The
regular introduction of different and brand-new types of Composite Rebars with
better tensile strength, qualities and durability in different sizes and price
range to satisfy the varying tastes of the customers is also attracting new
consumers and thus helping the growth rate of Composite Rebar Market to rise
high. The convenience and efficiency of Composite Rebar spaces is also helping
in the expansion of the said market.
Market Restraints
The Composite Rebar Market has a huge potential. Though it is expanding very fast
day by day, many things are preventing it from using its full potential. Some
of these restraints are–
High prices of the raw materials, high
installation, maintenance and repairing costs, high cost of R&D activities and high transportation and
import costs resulting into high rents of the premium quality end products.
Emission of harmful chemicals and pollutants
during production.
Unavailability of these products in many regions.
Lack of awareness about the availability and
benefits of the Composite Rebar in the developing
countries.
Availability of substitutes at lower prices.
Opportunities
The Composite Rebar Sector is expected have huge
opportunities as the governmentally subsidized and funded construction sector
is expanding rapidly. Government initiative to provide a greater number of more
durable public construction goods such as bridges and flyovers, sky walks,
underground walks and parking, pedestrians, buildings to make daily lifestyles
of its citizens easier is helping this expansion further.
Trends
During
the forecast period, Asia Pacific and North America will be fighting to take
the place of the largest share of Composite Rebar Market. The demand for these products
in the two said region is driven by its expanding construction
and redevelopment sector where composite rebars in place of steel bars are used
as a raw material for building infrastructure, growing population and rising
disposable income among individuals. It is also believed that on the basis of product type, the basalt
fiber reinforced rebar segment will face the highest growth rate for its relatively
low prices, high temperature and humidity resistance, high demand in civil
engineering sectors as a replacement of steel and efficiency and convenience.
Segment Covered:
This market
intelligence report on the global Composite Rebar Market encompasses market segments based on product type, resin type,
application, end usage, distributional channel and country.
By Product
Type the global Composite Rebar Market has been
divided into:
q Glass Fiber
Reinforced Polymer Rebar (GFRP Rebar)
q Carbon Fiber
Reinforced Polymer Rebar (CFRP Rebar)
q Basalt Fiber
Reinforced Polymer Rebar (BFRP Rebar)
q Others
By Resin
Type the global Composite Rebar Market has been
divided into:
q Polyester
Resin Composite Rebar
q Vinylester
Resin Composite Rebar
q Others
By
Contract Term the global Composite Rebar Market has been
divided into:
q Short-term
Contracts
q Long-term
Contracts
q Others
By Application
the global Composite Rebar Market has been
divided into:
q Construction
q Marine
q Electrical
Isolation
q Industrial
q Others
By End
Usage the global Composite Rebar Market has been
divided into:
q Personal
q Government
q Commercial
By Distributional
Channel the global Composite Rebar Market has been
divided into:
q Offline
q Online
q Others
By country/region,
the global Composite Rebar Market has been
divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q American
Fiberglass Rebar
q American
Grating, LLC
q Armastek
q B&B
FRP Manufacturing Inc.
q Dextra
Group
q DowAksa
q Engineered
Composites Ltd
q FireP
International AG
q Hughes
Brothers
q Hyosung
Corporation
q International
Gratings Inc.
q Marshall
Composites Technology LLC
q Mitsubishi
Rayon Co.
q Pultron
Composites
q Schoeck
q SGL
Group
q Ten
Cate NV
q TUF-BAR
q Zoltek
Companies, Inc.
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Composite Rebar Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Dextra Group
Established in 1983
and headquartered in Thailand has been one of the major market players in
Composite Rebar Market has been provided raw materials to and helped in
manufacturing of more than 8000 construction worldwide since the beginning. The
company has opened a brand new workshop in Hong Kong in 2017. They also have
signed a new deal with Rocscience to develop engineering solutions in May 2020
and featured in the SAICE magazine for their advanced GRFP Rebar making
technology in July 2020.
Hughes Brothers
The North
American construction material providing company Hughes Brothers was
established in 1931 and has been manufacturing composite rebars under the brand
name of Aslan FRP. The manufactured FRP products include Aslan 100 GFRP
Rebars for new construction, Aslan 200 CFRP Rebars for Near Surface Mount
Structural Strengthening, Aslan 500 CFRP Tapes for Near Surface Mount
Structural Strengthening, Aslan 400 CFRP Laminates for externally bonded
strengthening and Aslan 600 Dowel bars for load transfer between slabs.
FireP International AG
Situated in Switzerland, the FireP Interantional AG has expanded their
business all over world including Shanghai, Japan, Germany, Canada etc. The
company first produced their FRP products in 1985 and since then has evolved a
lot and started making new types of FRP Rebars with using both polyester and
vinyl ester resin materiasl in different shapes and price ranges.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Composite
Rebar Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Composite Rebar Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of different type of models,
government initiatives, marketing tactics and expansion, and technical up
gradation
Ø
The world
market for Composite Rebar caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Composite
Rebar Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Composite Rebar Market
v
Identification
of key factors driving investment opportunities in the Composite
Rebar Market
v
Facilitate decision-making
based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants
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