Fiber Reinforced Polymer (FRP) Rebars Market Share, Sales Channels and Overview Till 2028

Reinforced concrete is a composite material that can perform its designated functions only if an adequate bond exists between the reinforcement and concrete. Generally, a steel reinforcing bar is used as reinforcement in concrete structures. FRP rebars have great potential to overcome challenges such as structural and durability deficiencies. FRP rebars have several advantages over conventional steel; it has higher tensile strength and fatigue resistance and lower creep deformation and unit weight.

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FRP rebars have been used as internal reinforcements for concrete structures. Their primary advantages over common reinforcing steel rebars rely on their lightness, durability, mechanical properties, and electromagnetic neutrality. For this application, interfacial properties between the rebars and surrounding concrete play a significant role in the mechanical performance of the reinforced concrete structure.

The fiber reinforced polymer (FRP) rebars market is expected to grow from US$ 215.88 million in 2021 and is projected to reach US$ 421.02 million by 2028; it is expected to grow at a CAGR of 10.2% from 2022 to 2028.

Owens Corning; KODIAC Fiberglass Rebar; Marshall Composite Technologies, LLC; TUF-BAR; Armastek USA; Pultron Composites; FiRep Inc.; Pultrall, Inc.; Schock Bauteile GmbH; and Dextra Group are among the leading players operating in the fiber reinforced polymer (FRP) rebars market. These companies are adopting strategies such as mergers and acquisitions and product launches to expand their geographic presence and clientele.

The overall fiber reinforced polymer (FRP) rebars market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the fiber reinforced polymer (FRP) rebars market.

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