GFRP Rebars Market size was valued at USD 1.5 Billion in 2024 and is forecasted to grow at a CAGR of 9.2% from 2026 to 2033, reaching USD 3.2 Billion by 2033.
The Glass Fiber Reinforced Polymer (GFRP) Rebars market was valued at approximately USD 415 million in 2022, with an expected compound annual growth rate (CAGR) of 8.5% from 2023 to 2032. This market growth can be attributed to the increasing demand for corrosion resistant and lightweight reinforcement materials in construction and infrastructure sectors. GFRP rebars are becoming increasingly popular due to their advantages over traditional steel, including better durability, resistance to harsh environmental conditions, and reduced maintenance costs. With the growing adoption of sustainable construction materials, GFRP rebars are projected to gain significant traction across global markets, further contributing to the markets expansion. In 2022, North America accounted for the largest share of the GFRP rebars market, holding approximately 30% of the total revenue, followed by Europe, which represented about 25% of the market share.
In terms of regional analysis, the Asia Pacific region is expected to register the highest growth rate during the forecast period, with a CAGR of 10% from 2023 to 2032. This can be attributed to rapid urbanization, increased construction activities, and the growing focus on sustainable infrastructure in emerging economies like China and India. The demand for GFRP rebars in the region is also spurred by the rising awareness regarding environmental concerns and the increasing adoption of green construction technologies. Latin America and the Middle East are also witnessing growing interest in GFRP rebars as part of the ongoing shift towards more durable, cost effective, and environmentally friendly construction solutions. The market in these regions is anticipated to grow at a steady pace during the forecast period, creating further opportunities for manufacturers and suppliers in the GFRP rebars market.
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Hughes Brothers Inc
Marshall Composites Systems
BP Composites Ltd
Schock international
Pultrall Inc.
Neuvokas Corp
Composite Rebar Technologies (CRT)
Technobasalt Invest LLC
Sireg Geotech Srl
Fibrolux GmbH
Armastek
Dextra Group
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 GFRP Rebars Market
Sand-coated GFRP Rebars
Film-coated GFRP Rebars
Uncoated GFRP Rebars
Residential Building
Commercial Building
Infrastructure Projects
Bridges and Overpasses
Civil Engineering
Aerospace
Automotive
Oil & Gas
Defense and Military
Glass Fiber
Carbon Fiber
Aramid Fiber
Pultrusion
Filament Winding
Lay-Up
Injection Molding
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 GFRP Rebars 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 GFRP Rebars Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global GFRP Rebars Market, By Type
6. Global GFRP Rebars Market, By Application
7. Global GFRP Rebars Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global GFRP Rebars Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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