FRP Rebar Market to Witness Unprecedented Growth in Coming Years

 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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Browse 250 market data Tables and 34 Figures spread through 199 Pages and in-depth TOC on "FRP Rebar Market”

Recent Developments

  • In July 2020, Pultron Composites signed Geosynthetic Partners Ltd. as New Zealand and Pacific Islands distributor of Mateenbar, thereby expanding its presence further in the APAC region.
  • In June 2017, Owens Corning acquired Aslan FRP, the concrete reinforcement business of Hughes Brothers Inc. Aslan FRP makes and markets glass and carbon fiber-reinforced composite rebars which are used to reinforce concrete in new and restorative infrastructure projects such as roads, bridges, marine structures, buildings and tunnels. With this acquisition, the company strengthened and expanded its geographical presence in the FRP rebar.

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.

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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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