FRP Rebar Market Size, Share, and Industry Analysis, By Resin Type (Polyester, Vinyl Ester, and Others), By Fiber Type (Glass (GFRP), Basalt (BFRP), Carbon (CFRP), and Aramid Fiber), By Application (Building Construction, Bridge & Roads, Tunneling & Mining, Water & Waste Water Treatment, and Others) and Regional Forecast, 2024-2032

The global Fiber Reinforced Polymer (FRP) rebar market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. Steel rebar has been the first choice among builders and end-users for its compressive strength and good durability. But over the past 30 years, Fiber Reinforced Polymer (FRP) rebar has been successful in the construction industry. Hence, more than 350 bridges across the U.S., and 90 in Canada used the Fiber Reinforced Polymer (FRP) rebar. Additionally, the product has remarkable specifications appropriate for electromagnetic fields and other applications. The specific characteristics of the product make it more suitable for the end-users.

Increasing investment in advanced and long-lasting rebar for renovation projects in structures that are widely exposed to the water surface is one of the market drivers for the FRP rebar market. Additionally, consumers prefer products that are technologically advanced in product design, non-corrosive, lightweight, durable, and enhanced material properties as compared to traditional steel rebar. FRP rebars are manufactured using resins such as polyester, epoxy, and vinyl ester and fibers such as carbon and glass. The composite formed thus protects, holds, and transfers the load between the fibers. Moreover, fiberglass has been developed as a non-corrosive alternative to steel in concrete reinforcement. Hence, all these factors are expected to increase product demand in the forecast period.

With rising demand for tunneling & mining, bridge & roads, building & construction, and marine & waterfronts, the consumption of FRP rebar is expected to grow during the forecast period. Further, the need for electromagnetic fields in light and heavy rail, high voltage solutions, hospital MRI areas, and high-speed highway tolling zones will provide growth opportunities for the FRP rebar market.

Considering the halt in transportation and industrial activity, stakeholders across the FRP rebar value chain (including raw material suppliers, FRP rebar players, contract/toll manufacturers, channel partners, and customers) have witnessed a significant impact of the pandemic. Workers shortages, global travel restrictions, and a disrupted supply chain were other issues wreaking havoc. Even though factories continued to operate, delays in raw material deliveries and little to no supply of manufactured goods left no choice but to limit production and lower capacity utilization.

Key Insights

The FRP rebar report will cover the following key insights:

• Key Emerging Trends – For Major Regions


• Key Developments: Mergers, Acquisitions, Partnerships, and Others


• Latest Technological Advancement


• Regulatory Landscape


• Porters Five Forces Analysis


• Impact of COVID-19 on the Market

Analysis by Fiber Type

Carbon fiber reinforced polymer is one of FRP's strong and lighter types. CFRP rebar is corrosion resistant, thermally and electrically non-conductive, whereas steel eventually rusts and cracks the concrete. The remarkable properties of CRPF make it suitable for the parking structure, bridge decks, and highways in extreme environments. This type of FRP reinforces, and its structural life is 2 times longer when compared with traditional materials. Additionally, CFRP is 7 times lighter and has 5 times less modulus elasticity than steel rebar. Hence, CFRP rebar assists in distinguishing the construction of wastewater treatment facilities, swimming pools, median barriers, and high voltage substations in the industry.

Regional Analysis

The global FRP rebar market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is the dominant market due to the rising product demand from the industrial sector. The market in North America is expected to rise owing to heavy investment in infrastructure development. Europe is expected to show moderate growth due to the increase in transportation facilities. The market in Latin America, and the Middle East & Africa are projected to register significant growth by the end of the estimated period.

Key Players Covered

• NEUVOKAS CORP.


• Nycon


• American Fiberglass Rebar


• Röchling


• Amerhart Ltd


• ASA TEC GmbH


• ZhongAo Carbon


• TUF-BAR


• VROD


• Technobasalt Invest, 


• Sireg Geotech Srl.


• Contech


• Others

Segmentation Analysis

FRP Rebar Industry Developments

• In May 2022, Composite Technology presented its FRP rebar product that is fireproof, making it most attractive among other FRP products offered by the other players. The purpose of the offered product is to provide the excellent specification to the end-users