Global Composite Rebar Market Overview:
Composite rebar is used in automobile, railway, pedestrian for the construction and repair of bridges. It can be replaced with metal products. This is a superior alternative to steel which can leave the rust, weight, and price in concrete reinforcement. These rebars are lightweight and have a tensile strength greater than steel. It has various features such as increased wear resistance, resists to corrosion under high humidity conditions. The major uses of composite rebar are functioning on the territory in western countries such as the United States and Canada for the construction of the bridge. Moreover, rebar’s can be used in various applications such as marine structure, tunnel boring, railway construction and historic preservation which will be expected to grow the global composite rebar market.
- Growing Demand for Composite Rebar as they are Stronger, Lighter, and Durable
- Rising Usage of Composite Rebars In Construction & Repair of Buildings, Roads, Bridge, and Tunnel
- Light-Weight Material Reduces the Labor Cost and Boost the Profit
- Composite Rebars are Rust-Proof and Non-Corrosive
- Composite Rebars are Trending Because Of It Replaces the Metal Product Such as Steel
- Availability of Substitute Product Such as Steel is Quite Strong
- Increasing Infrastructure Development Along With Constructions Globally
- Advancement in Material Technology Have Led to Composite Rebar Products like Gatorbar
- Fluctuating Raw Material Prices
The global composite rebar market is largely competitive and consists of several vendors who compete based on factors such as features, product quality, size, and product pricing. According to the composite rebar market share analysis research report, intense competition, changing consumer spending pattern, demographic trends, and frequent changes in consumer preferences pose as significant risk factors for manufacturer’s growth.
Some of the key players profiled in the report are Pultrall Inc. (Canada), Captrad Ltd (United Kingdom), Nycon (United States), Owens Corning (United States), Aslan FRP (United States), TUF-BAR (Canada), Pultron Composites Ltd. (New Zealand), Fiberline Composites (Denmark), Armastek (Russia), Dextra Group (Thailand), PE Aliaksandr Vouk (Belarus), Technobasalt (Ukraine), B&B FRP Manufacturing (Canada) and Shanghai KNP (China). Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Composite Rebar market. Considering Market by Material, the sub-segment i.e. Glass Fiber Reinforced Polymer Rebar (GFRP Rebar) will boost the Composite Rebar market.
In March 2019, Sireg and Arkema have joined forces to develop and manufacture of composite reinforcement rebars for concrete as well as cables for prestressed concrete applications using the thermoplastic resin Elium by Arkema in place of conventional thermosetting solutions.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Composite Rebar market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Composite Rebar market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Composite Rebar Manufacturer, Raw Material Suppliers, Rebar Suppliers/Distributers, Government Bodies & Consulting Firm, Building & Construction, Transportation, Industrial Infrastructure and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.