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FRP Rebar Market worth $344 million by 2026


(, September 01, 2021 ) The report "FRP Rebar Market by Fiber Type (Glass, Carbon and Basalt), Resin Type (Vinyl Easter, Epoxy), Application (Highways, Bridges & Buildings; Marine Structurers & Waterfronts; Water Treatment Plants), and Region - Global Forecast to 2026" The global FRP rebar market is expected to grow from USD 186 million in 2021 to USD 344 million by 2026, at a CAGR of 13.0% during the forecast period. Increasing demand from the construction industry is driving the growth of the market.

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GFRP rebars fibers account for the largest share in terms of value and volume.

GFRP rebars account for the largest share in the global FRP rebar market in terms of volume. GFRP rebars are made from glass fibers by using the pultrusion method. These rebars are highly resistant to corrosion and have high tensile strength. These are less expensive when compared with BFRP and CFRP rebars. The large share is due to the low cost and the relatively easier production process.

Vinyl Ester Resins account for the largest market share in the global FRP rebar market in terms of value and volume

Vinyl ester resins have high strength, mechanical toughness, high resistance to corrosion, and resistance to fuels, chemicals, or vapors. They have great durability, heat resistance, and high tensile elongation strength. This resin can be impregnated with short glass fiber or carbon fiber to produce FRP rebars. The majority of the FRP rebar manufacturers use vinyl ester resin and the better properties compared to other resins and the cost-effectiveness over epoxies is the reason for its large market share.

The highways, bridges & buildings application segment accounts for the largest share in the global FRP rebar market in terms of value and volume

The highways, bridges & buildings application segment dominated the FRP rebar market. The increase in demand for renovation and strengthening existing structures to reduce repair and maintenance cost and enhance the life cycle of the structures drive the need for these rebars in the highways, bridges & buildings. The increasing population worldwide with greater government spending and private investment in infrastructure is the key growth driver of this application segment.

Don't miss out on business opportunities in FRP Rebar Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "FRP Rebar Market”
250 - Market Data Tables
34 - Figures
199 - Pages

North America to lead the FRP rebar market during the forecast period

North America is the largest market for FRP rebars in the world. The major players in the FRP rebar market in North America give each other tough competition and constantly innovate and develop new technology to produce high quality, high strength, and lightweight FRP rebars. The usage of FRP rebars is high in the North American region as government agencies have identified the advantage of FRP rebars over traditional alternatives like steel rebars. The FRP rebar market in the North American region has been driven by their application in highways, bridges, buildings, and marine structures & waterfronts.

Schöck Bauteile GmbH (Germany), Dextra Group (Thailand), Pultron Composites (New Zealand), Pultrall Inc. (Canada), Composite Group Chelyabinsk (Russia), Owens Corning (US), FiReP Group (Switzerland), and Sireg Geotech S.r.l. (Italy) are the key players in the FRP rebar market. These players have taken different organic and inorganic developmental strategies over the past few years.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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