Global GFRP Rebar Market Size To Exceed USD 1.68 Billion By 2035 | CAGR Of 12.06%
Category: Chemicals & MaterialsGlobal GFRP Rebar Market Size To Exceed USD 1.68 Billion By 2035 | CAGR Of 12.06%
According to a research report published by Spherical Insights & Consulting, The Global GFRP Rebar Market Size was worth around USD 0.48 Billion 2024, growing to 0.52 Billion in 2025, and is predicted to grow to around USD 1.68 Billion by 2035 with a compound annual growth rate (CAGR) of 12.06% from 2025 to 2035.
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Browse 217 Market Data Tables And 45 Figures Spread Through 130 Pages and In-Depth TOC On the "Global GFRP Rebar Market Size, Share, and COVID-19 Impact Analysis, By Resin Type (Vinyl Ester, Polyester, Epoxy, and Others), By Application (Highways, Bridges & Buildings, Marine Structures & Waterfronts, Water Treatment Plants, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/gfrp-rebar-market
The global industry that produces, distributes, and uses composite reinforcement bars constructed from glass fibers incorporated in a polymer matrix, usually vinyl ester, polyester, or epoxy resin, is known as the Glass Fiber Reinforced Polymer (GFRP) Rebar Market. GFRP rebars are a cutting-edge substitute for conventional steel reinforcement, providing significant benefits such as high tensile strength, resistance to corrosion, lightweight design, and non-conductive qualities. The need for long-lasting and corrosion-resistant materials is being fueled by rising investments in infrastructure development, especially in bridges, roads, maritime structures, and urban transit systems. Further propelling market expansion are government programs that support durable and sustainable building materials, as well as developments in composite production technologies. GFRP rebar is a favored substitute for conventional steel due to its superior qualities, which include a high strength-to-weight ratio, corrosion resistance, and simplicity of handling. However, high initial costs, limited awareness, lack of standardized codes, and low adoption in traditional construction practices restrain GFRP rebar market growth.
The vinyl ester segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the resin type, the GFRP rebar market is divided into vinyl ester, polyester, epoxy, and others. Among these, the vinyl ester segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Vinyl ester resins are a popular option for use in highly corrosive settings, like chemical plants and marine constructions, due to their exceptional mechanical qualities and resistance to corrosion.
The highways, bridges & buildings segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the GFRP rebar market is divided into highways, bridges & buildings, marine structures & waterfronts, water treatment plants, and others. Among these, the highways, bridges & buildings segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The demand for GFRP rebars in this market segment has been further stimulated by increased government spending on road networks, bridge restoration, and urban expansion, particularly in areas that are prone to corrosion. This has strengthened GFRP's dominant position in the industry.
Asia Pacific is expected to hold the majority share of the global GFRP rebar market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global GFRP rebar market during the forecast period. The Asia Pacific region is known for its booming urbanization, quick infrastructure development, and high demand for long-lasting, corrosion-resistant building materials. The region's dominant position in the market is further supported by government programs encouraging sustainable building techniques and large investments in public infrastructure, transportation, and maritime projects.
North America is anticipated to grow at the fastest pace in the global GFRP rebar market during the forecast period. North America is fueled by the growing demand for sustainable and corrosion-resistant building materials, strict environmental regulations, and the need to update old infrastructure. Furthermore, GFRP is being used more quickly in important industries like industrial building, transportation, and maritime due to increased awareness of its long-term performance advantages.
Major vendors in the global GFRP rebar market are Rochling, Sireg S.P.A., Pultrall Inc., Armastek, Galen LLC, Dextra Group, FRT TUF-BAR, SKD Composites, Pultron Composites, Neuvokas Corporation, Schöck Bauteile GmbH, Kodiak Fiberglass Rebar, Jindal Advanced Materials, ARC Insulations & Insulator Ltd., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In November 2024, in Linbro Park, Gauteng, GFRP Tech (Johannesburg) unveiled the country's first GFRP manufacturing facility. EnviraBar and EnviraMesh, sustainable substitutes for conventional steel rebar in the construction sector, will be manufactured and tested at the multibillion-rand facility.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the GFRP rebar market based on the below-mentioned segments:
Global GFRP Rebar Market, By Resin Type
- Vinyl Ester
- Polyester
- Epoxy
- Others
Global GFRP Rebar Market, By Application
- Highways, Bridges & Buildings
- Marine Structures & Waterfronts
- Water Treatment Plants
- Others
Global GFRP Rebar Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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