FRP COMPOSITE
REBAR MARKET
OVERVIEW
Definition: Fiber Reinforced Polymer (FRP)
Composite Rebar is a reinforcement material made from polymers reinforced with fibers such as glass (GFRP), carbon (CFRP), or aramid (AFRP). It serves as a corrosion-resistant alternative to traditional steel rebar in concrete structures.
Advantages:
High strength-to-weight ratio
Corrosion resistance
Electromagnetic neutrality
Extended lifespan of structures
Market Size & Growth:
MARKET SIZE AND GROWTH
01
GLOBAL MARKET:
VALUED AT APPROXIMATELY
USD 491 MILLION IN 2023
PROJECTED TO REACH USD
1,093.11 MILLION BY 2032
EXPECTED CAGR OF 9.30%
DURING THE FORECAST PERIOD
02
NORTH AMERICA:
MARKET SIZE ESTIMATED AT USD 149.15 MILLION IN 2023
ANTICIPATED CAGR OF 7.97% FROM 2025 TO 2032
MARKET SEGMENTATION
By Type
Glass Fiber Reinforced Polymer (GFRP)
Rebar
Carbon Fiber Reinforced Polymer (CFRP)
Rebar
Aramid Fiber Reinforced Polymer (AFRP)
Rebar
Basalt Fiber Reinforced Polymer (BFRP)
Rebar
By Application
Construction Sectors:
Bridges and Highways
Marine Structures
Buildings and Parking Structures
Water Treatment Plants
Tunnels and Underground Structures
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
ASIA-PACIFIC
Rapid urbanization and government investments in large-scale infrastructure fuel market expansion
MIDDLE EAST & AFRICA
Growth supported by marine and water infrastructure development
NORTH AMERICA
Strong growth driven by advanced nfrastructure projects and corrosionresistant construction demand
EUROPE
Increasing adoption in sustainable and green construction initiatives
SOUTH AMERICA
Emerging market with rising investments in bridges and roadways using advanced materials
KEY PLAYERS
Galen
Aslan
FRP
Fiberline
Schoeck
FiReP
