Top 30 Companies in Global GFRP Rebar Market (2025–2035): Competitive Analysis And Forecast
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global GFRP Rebar Market Size is projected to Grow from USD 0.48 Billion in 2024 to USD 1.68 Billion by 2035, at a CAGR of 12.06% during the forecast period 2025–2035. The market for GFRP Rebar is growing demand due to opportunities in sustainable building, corrosion-resistant infrastructure, and research developments. It has a large growth potential in Asia-Pacific region, especially India, where there is a growing need for long-lasting materials.
Introduction
The Global industry that includes the manufacture, distribution, and usage of glass fiber reinforced polymer (GFRP) rebars, composite materials used as an alternative to conventional steel reinforcement in concrete structures, is known as the glass fiber reinforced polymer (GFRP) rebar market. GFRP rebar bars are becoming more and more popular in structural engineering applications due to their superior material qualities, particularly their increased durability in alkaline environments when compared to CFRP and BFRP reinforcement, and their resistance to corrosion due to they are metallic in nature. For instance, in April 2025, Olectra Greentech Limited launched its cutting-edge Glass Fibre Reinforced Polymer (GFRP) Rebar at the MEIL Budget Meet. This innovative product offers enhanced strength, durability, and sustainability, marking a major advancement in concrete reinforcement technology and reinforcing Olectra’s leadership in eco-friendly infrastructure solutions. The demand for GFRP rebar is anticipated to increase due to the large-scale smart city developments in countries such as China, India, and Japan, as well as extensive infrastructure construction. GFRP rebar excellent tensile strength, lightweight design, and corrosion resistance is transforming the American construction sector. Growing government laws and initiatives to use corrosion-resistant and sustainable building materials are propelling the GFRP rebar market.
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GFRP Rebar Market Size & Statistics
- The Market Size for GFRP Rebar Was estimated to be worth USD 0.48 Billion in 2024.
- The Market Size is going to Expand at a CAGR of 12.06% between 2025 and 2035.
- The Global GFRP Rebar Market Size is anticipated to reach USD 1.68 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the GFRP Rebar Market
- Asia Pacific is expected to grow the fastest during the forecast period in the GFRP Rebar Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the GFRP Rebar market.
Asia Pacific region, as a result of the rising need for lightweight, durable, and corrosion-resistant building materials. Infrastructure in China, India, Japan, South Korea, and Southeast Asia is developing at a rapid rate, and GFRP rebar is becoming more and more recognized as a viable alternative to traditional steel reinforcement, particularly in areas that are humid, coastal, or chemically hostile. Government initiatives to promote green building materials and improve the long-term durability of public facilities are also driving up demand.
North America is expected to generate the highest demand during the forecast period in the GFRP Rebar market.
The market for glass fiber reinforced polymer (GFRP) rebar is steadily growing in North America due to factors like modernizing infrastructure, stricter environmental laws, and a move toward materials that resist corrosion in severe environments. The necessity to rebuild deteriorating infrastructure and the increased focus on environmentally friendly building techniques are the main drivers in the North America region. The market expansion in these nations is being aided by rising infrastructure development investments and increased knowledge of the advantages of GFRP rebars.
Top 7 Trends in the GFRP Rebar Market
- Infrastructure Development Boom
- Emphasis on Sustainability & Corrosion Resistance
- Increased Government Approvals & Mandates
- Manufacturing Advancements & Cost Reduction
- Dominant Applications in Infrastructure
- Rising Demand for Lightweight & High-Tensile Materials
1. Infrastructure Development Boom
Global infrastructure expansion, particularly in fast-growing regions like Asia-Pacific (China, India, Japan), is a major driver, increasing the demand for advanced, long-lasting reinforcement materials like GFRP rebar for highways, bridges, and buildings.
2. Emphasis on Sustainability & Corrosion Resistance
There is a growing demand for eco-friendly solutions, and GFRP rebar's low carbon footprint, excellent corrosion resistance, and increased lifespan help reduce lifecycle costs, aligning with sustainable construction practices.
3. Increased Government Approvals & Mandates
Regulatory bodies in countries like the U.S., Canada, and EU member states are approving and even mandating the use of non-corrosive materials like GFRP rebar in critical infrastructure projects to improve durability and reduce maintenance.
4. Manufacturing Advancements & Cost Reduction
Innovations in manufacturing technologies and material formulations are improving GFRP rebar quality and reducing production costs, enhancing its competitiveness and accelerating its adoption across various applications.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the GFRP Rebar market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 7 Companies Leading the GFRP Rebar Market
- Dextra Group
- Pultron Composites
- Schock Bauteile GmbH
- Pultrall Inc.
- Kodiak Fiberglass Rebar
- Neuvokas Corporation
- Rochling Group
- Others
1. Dextra Group
Headquarters: Thailand
Dextra Group is a global leader in GFRP (Glass Fiber Reinforced Polymer) rebar production, known for its innovative ASTEC and Durabar products offering corrosion resistance, lightweight strength, and high performance for infrastructure projects. With over 25-30 years of experience, Dextra specializes in non-metallic reinforcement for new construction and structural strengthening, including unique solutions like the GFRP Carpet for large slabs and the Soft-Eye system for tunnels. The company operates ISO-certified manufacturing plants in Thailand, China, and India, and has partnerships to promote nonmetallic materials in the construction sector.
2. Pultron Composites
Headquarters: New Zeeland
Pultron Composites is a world leader in the GFRP (Glass Fiber Reinforced Polymer) rebar market, known for its high-performance, corrosion-proof Mateenbar rebar. They use advanced pultrusion technology to produce GFRP rebar as a sustainable and durable alternative to steel, with applications in infrastructure, marine, and industrial projects globally. Pultron has strategic manufacturing sites in North America, New Zealand, and Saudi Arabia, and their technology is utilized in over 20 countries.
3. Schock Bauteile GmbH
Headquarters: Germany
Schock Bauteile GmbH is a German company recognized as a key player in the GFRP (Glass Fiber Reinforced Polymer) rebar market, offering innovative FRP reinforcement systems like Combar® designed for structural and thermal efficiency in construction. Their Combar® product utilizes high fiber content and a unique curing process for the bent portions of the rebar, resulting in high strength and a modulus of elasticity comparable to traditional steel.
4. Pultrall. INC
Headquarters: Canada
Pultrall Inc. is a Canadian-based manufacturer of pultruded composite products, including Glass Fiber Reinforced Polymer (GFRP) rebar, and is a significant player in the global GFRP rebar market, known for its patented V-ROD product line. The company's GFRP rebar is characterized by high tensile strength, corrosion resistance, and lightweight properties due to its use of glass fibers and a vinyl ester resin. Pultrall has strengthened its market position through innovations like a continuous bar coating process for better concrete bonding and strategic investments to expand its presence in the global GFRP rebar market.
Are you ready to discover more about the GFRP Rebar market?
The report provides an in-depth analysis of the leading companies operating in the global GFRP Rebar market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Dextra Group
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Pultron Composites
- Schock Bauteile GmbH (Germany)
- Pultrall Inc. (Canada)
- Kodiak Fiberglass Rebar
- Neuvokas Corporation
- Rochling Group
- Others
Conclusion
The GFRP Rebar market is poised for significant growth, driven by key advancements and strategic market dynamics. The industry is experiencing an expansion fueled by the rising demand for personalized medicine and cell and gene therapies, as well as substantial increases in investment and funding. Leading companies in the sector, such as Novartis, Gilead Sciences, and CRISPR Therapeutics, are actively shaping the market through a focus on gene-editing technologies and therapeutic applications. While North America currently holds a dominant position due to its robust infrastructure and strong R&D, the Asia Pacific region is projected to be the fastest-growing market, indicating a shift in global demand. This rapid evolution and the continuous expansion of therapeutic applications suggest a promising and dynamic future for GFRP Rebar.
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