Composite rebar market to grow at a CAGR of 9.06% from 2021 to 2026|MRG Composites India Pvt. Ltd., Armastek, Composite Group Chelyabinsk LLC, and more to emerge as key players -Technavio

NEW YORK, July 18, 2023 /PRNewswire/ -- The composite rebar market size is estimated to grow by USD 3.76 billion from 2021 to 2026, at a CAGR of 9.06%, according to Technavio.The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including MRG Composites India Pvt. Ltd., Armastek, Composite Group Chelyabinsk LLC, FiReP Rebar Technology GmbH, Galen LLC, Hubei Yulong group Jinli New Material Co. Ltd., Kodiak Fiberglass Rebar, Marshall Composite Technology LLC, Mateenbar Ltd., Nanjing Fenghui Composite Material Co. Ltd., Nycon, Owens Corning, Pultron Composites Ltd., Schock Bauteile GmbH, SFTec LLC, Sireg Geotech Srl, Technobasalt Invest LLC, Tribeni Fiber Pvt Ltd., and TUF BAR Inc. Download a Sample Report Now!

Composite rebar market insights -

• Vendors: 15+, Including MRG Composites India Pvt. Ltd., Armastek, Composite Group Chelyabinsk LLC, FiReP Rebar Technology GmbH, Galen LLC, Hubei Yulong group Jinli New Material Co. Ltd., Kodiak Fiberglass Rebar, Marshall Composite Technology LLC, Mateenbar Ltd., Nanjing Fenghui Composite Material Co. Ltd., Nycon, Owens Corning, Pultron Composites Ltd., Schock Bauteile GmbH, SFTec LLC, Sireg Geotech Srl, Technobasalt Invest LLC, Tribeni Fiber Pvt Ltd., and TUF BAR Inc., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Type (glass fiber, carbon fiber, and basalt fiber) and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

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Major Drivers - The increased government spending on infrastructure drives the growth of the composite rebar market. Various government infrastructure projects have been planned in various countries between 2022 and 2024, and many of these projects are large in terms of investments. Along with the overall development of the whole economy, infrastructure development also affects living standards and the human development index of a country. Infrastructure development helps in meeting various demands created by the expansion of the population and the increasing spending power of citizens. Hence, such factors boost the market growth during the forecast period.

Significant Trends -The rising preference for lightweight materials is an emerging composite rebar market. Rising construction, automotive, and wind energy industries fuel the demand for composite rebars that exhibit high strength and offer excellent durability. Furthermore, the use of composite rebars in automobiles can reduce production costs and significantly increase their visual appeal. Additionally, a 10% reduction in vehicle weight can increase fuel efficiency by 6%-8%. Hence, such trends fuel the market growth during the forecast period. 

Key challenges - The availability of substitutes challenges the growth of the composite rebar market during the forecast period. Generally, basalt fiber and natural fiber are used in building and construction, automotive, and other industrial applications. Also, basalt fiber has replaced other metals due to its anti-corrosive and insulating properties. Furthermore, it is increasingly used as a substitute for glass fibers and natural fiber composites exhibit low density, high specific strength, and excellent stiffness. Hence, such challenges impede market growth during the forecast period.

Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The composite rebar market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this c Composite rebar market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the composite rebar market between 2022 and 2026
• Precise estimation of the size of the composite rebar market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the composite rebar market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of composite rebar market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 Glass fiber - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Glass fiber - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Glass fiber - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Glass fiber - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Glass fiber - Year-over-year growth 2021-2026 (%)

• 5.4 Carbon fiber - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Carbon fiber - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Carbon fiber - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Carbon fiber - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Carbon fiber - Year-over-year growth 2021-2026 (%)

• 5.5 Basalt fiber - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Basalt fiber - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Basalt fiber - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Basalt fiber - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Basalt fiber - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Type 
• Exhibit 40: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026 
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026 
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026 
• Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026 
• Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Armastek
• Exhibit 93: Armastek - Overview
• Exhibit 94: Armastek - Product / Service
• Exhibit 95: Armastek - Key offerings

• 10.4 Composite Group Chelyabinsk LLC 
• Exhibit 96: Composite Group Chelyabinsk LLC - Overview
• Exhibit 97: Composite Group Chelyabinsk LLC - Product / Service
• Exhibit 98: Composite Group Chelyabinsk LLC - Key offerings

• 10.5 FiReP Rebar Technology GmbH 
• Exhibit 99: FiReP Rebar Technology GmbH - Overview
• Exhibit 100: FiReP Rebar Technology GmbH - Product / Service
• Exhibit 101: FiReP Rebar Technology GmbH - Key offerings

• 10.6 Galen LLC
• Exhibit 102: Galen LLC - Overview
• Exhibit 103: Galen LLC - Product / Service
• Exhibit 104: Galen LLC - Key offerings

• 10.7 Marshall Composite Technology LLC 
• Exhibit 105: Marshall Composite Technology LLC - Overview
• Exhibit 106: Marshall Composite Technology LLC - Product / Service
• Exhibit 107: Marshall Composite Technology LLC - Key offerings

• 10.8 Mateenbar Ltd.
• Exhibit 108: Mateenbar Ltd. - Overview
• Exhibit 109: Mateenbar Ltd. - Product / Service
• Exhibit 110: Mateenbar Ltd. - Key offerings

• 10.9 Owens Corning
• Exhibit 111: Owens Corning - Overview
• Exhibit 112: Owens Corning - Business segments
• Exhibit 113: Owens Corning - Key news
• Exhibit 114: Owens Corning - Key offerings
• Exhibit 115: Owens Corning - Segment focus

• 10.10 Pultron Composites Ltd. 
• Exhibit 116: Pultron Composites Ltd. - Overview
• Exhibit 117: Pultron Composites Ltd. - Product / Service
• Exhibit 118: Pultron Composites Ltd. - Key offerings

• 10.11 Schock Bauteile GmbH
• Exhibit 119: Schock Bauteile GmbH - Overview
• Exhibit 120: Schock Bauteile GmbH - Product / Service
• Exhibit 121: Schock Bauteile GmbH - Key offerings

• 10.12 SFTec LLC
• Exhibit 122: SFTec LLC - Overview
• Exhibit 123: SFTec LLC - Product / Service
• Exhibit 124: SFTec LLC - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 125: Inclusions checklist
• Exhibit 126: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 127: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 128: Research methodology
• Exhibit 129: Validation techniques employed for market sizing
• Exhibit 130: Information sources

• 11.5 List of abbreviations 
• Exhibit 131: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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