FRP Bars Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 9% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The FRP Bars Market was valued at USD 1.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The market is witnessing steady growth due to the increasing demand for sustainable construction materials, coupled with the growing emphasis on corrosion resistant reinforcement solutions. North America holds a significant share of the global market, with the region’s market size reaching approximately USD 450 million in 2022, driven by robust construction activities and infrastructural development. Europe also accounts for a substantial portion of the market, with a market size of USD 350 million in 2022, supported by rising investments in infrastructure projects, particularly in countries like Germany and the UK. The Asia Pacific region, particularly China and India, is anticipated to exhibit the highest growth rate, with the market expected to grow at a CAGR of 7.5%, owing to rapid urbanization and industrialization in these regions. In 2022, the Asia Pacific region’s market size was valued at USD 200 million, and is anticipated to witness significant growth during the forecast period. The Latin American market is also expected to experience moderate growth, with market size estimated at USD 90 million in 2022. The region is gradually adopting FRP bars in construction and infrastructural projects due to their durability and resistance to harsh environmental conditions. The Middle East & Africa market is projected to grow at a stable rate, valued at approximately USD 60 million in 2022, driven by an increase in construction and infrastructure development. The rising adoption of FRP bars in seismic resistant buildings and bridges is likely to provide new opportunities for market expansion across all regions, contributing to the growing demand for these advanced materials.
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Hughes Brothers
Schoeck
Armastek
Hebei Yulong
BP Composites (TUFF-Bar)
FiReP
Dextra Group
Yuxing
Shanghai KNP
Pultrall
Pultron Composites
Fusite
Marshall Composite Technologies
Composite Rebar Technologies
Sireg Geotech
Kodiac Fiberglass Rebar
Fiberline
Tribeni Fiber
Captrad
Sanskriti Composites
Owens Corning
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global FRP Bars Market
Glass Fiber Reinforced Polymer (GFRP)
Carbon Fiber Reinforced Polymer (CFRP)
Basalt Fiber Reinforced Polymer (BFRP)
Hybrid Fiber Reinforced Polymer
Construction
Aerospace
Agriculture
Automotive
Marine
Civil Engineering
Infrastructure Development
Energy and Power
Transportation
Water Resources
Pull-winding Process
Filament Winding Process
Blade Molding Process
Hand Lay-up Process
Continuous Fiber Reinforcement
Discontinuous Fiber Reinforcement
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global FRP Bars Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global FRP Bars Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global FRP Bars Market, By Type
6. Global FRP Bars Market, By Application
7. Global FRP Bars Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global FRP Bars Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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