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Composite rebar is composed of fiberglass and used in repairs of bridges, automobiles, railways, and in construction activities. It offers resistance against corrosion and damages and can be used as replacement of iron rods across construction activities. Its lightweight and exemplary strength attributes improve the construction quality. Additionally, it is highly cost-efficient and has a long lifespan. These beneficial attributes surge the product demand globally. The swiftly increasing demand for quality construction and the ever-increasing infrastructural development are anticipated to be the key factors driving the industry’s development.
The coronavirus pandemic tapered the growth of the industry significantly. The halted construction activities due to strict lockdowns and labor shortages affected the product demand. The postponements of infrastructural development projects due to supply chain disruptions and logistical hindrances negatively impacted the construction industry. However, the adoption of production machinery, medical gear, and reduction in capacities helped the industry stabilize and gain traction. Post-pandemic, the demand for composite rebar is likely to expand. As per Business Research Insights, the global composite rebar market size is anticipated to hit USD 837.1 million by 2029.
Business Research Insights Identifies the Following as the Top 10 Leading Composite Rebar Companies:
1. Aslan FRP
Founded in 1993, the company was acquired by Owens Corning Infrastructure Solutions in July 2017. Aslan is a renowned producer of concrete reinforcement products. The company manufactures and sells Carbon Fiber Reinforced Polymer (CFRP) products that find applications in infrastructural projects such as tunnels, buildings, marine structures, bridges, and roads.
2. Schoeck
Founded in 1962, the Schoeck Group is a pioneering supplier of construction solutions globally. The company offers solutions across sound and heat insulation and also in reinforcement technology. It focuses on developing and producing products with exemplary building benefits. This includes preventing impact sounds in staircases and thermal bridge reduction on cantilevered building parts such as balconies.
3. Armastek
Founded in 2007, the company is a prominent manufacturer of construction mesh and fiberglass reinforcements. This Russian company specializes in reinforcement products such as fiberglass reinforcement, basalt-plastic reinforcement, sanded reinforcements, fiberglass grids, basalt grids, basalt-plastic grids, and others.
4. Pultrall
Pultrall Inc. was founded in 1987 by Christian Bernard and Fernand Bernard. Located in Thetford Mines, QC, Canada, the company is a major supplier of miscellaneous industrial components that find applications across recreational, electricity, transportation, and construction sectors. The company’s sales doubled in 2005 with the launch of its proprietary product known as V-ROD.
5. Fusite
Fusite is a pioneer provider of premium hermetic glass-to-metal feedthroughs. The company offers products such as thermostats, sensing & protection devices, refrigeration, heating & air conditioning, and controls & monitoring solutions for applications across mixed retail, transportation, commercial buildings & construction, food retail & grocery, residential construction, and others. The company offers automation and commercial and residential solutions globally.
6. Hubei Yulong
Founded in 2011, the company specializes in producing and exporting fiberglass reinforced polymer or composite rebar. The company’s main product offerings include FRP cable tray, composite rebar, pultruded FRP profiles, fiberglass anchor bolt, and other FRP grating sheets.
7. Fiberline Composites
Fiberline is a globally renowned supplier of smart composite rebar profiles in fiberglass. The company’s GRFP profile integrates multiple benefits over conventional building materials such as wood, steel, and concrete. The company’s solutions are widely utilized for applications in platforms, stairs, handrails, and bridges.
8. Marshall Composite Technologies
Headquartered in Salem, U.S., the company manufactures specially designed reinforcement materials. The company’s C-BAR deformed FRP bars are highly demanded where the reinforced concrete may be subjected to corrosive agents, seawater, deicing salts, and others.
9. Captrad
Established in 1999, the company offers an extensive range of GRP products such as GRP kiosks, GRP enclosures, and GRP cabinets. It also offers GRP sheets, GRP moldings, nonslip products, and GRP cable trays/ladders.
10. Kodiak Fiberglass Rebar
Founded in 1984 and headquartered in Katy, Texas, U.S., the company is a global manufacturer and distributor of FRP rebar or composite rebar. Its product specialties include non-corrosive rebar, basalt rebar, fiberglass rebar, non-conductive rebar, GFRP rebar, and BFRP rebar.
The major companies operating in the cutthroat competition emphasize strategic acquisitions, technological advancements, and collaborations to amplify their growth prospects. They are heavily investing in research & development activities to launch innovative and advanced products. The exponentially rising demand for infrastructural development, commercial amenities, and residential buildings is estimated to uptick product demand. Additionally, the soaring industrialization and urbanization escalates the demand for composite rebar in construction applications.