Press release
Composite Rebar Revenue on Track to Reach Nearly USD 1572 Mn by 2032
Composite Rebar Market
The Composite Rebar Market was valued at USD 744 million in 2024 and is projected to grow at a robust CAGR of 9.8% from 2025 to 2032, ultimately reaching USD 1572 million by 2032. Rising demand for lightweight, corrosion-resistant, and high-strength materials is reshaping infrastructure projects worldwide, pushing the composite rebar segment to the forefront.
Competitive landscape and higher demand in which region:
The market features prominent players like Owens Corning, Schoeck International, Marshall Composite Technologies, and Pultrall Inc., competing on innovation, product range, and geographical expansion. Notably, the Asia Pacific region continues to lead global demand, backed by large-scale civil projects and rapid urbanization.
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►Composite Rebar Growth in the United States:
Infrastructure Modernization and Advanced Manufacturing
The United States is witnessing strong growth opportunities driven by federal infrastructure bills and the replacement of traditional steel rebars with composites in bridges and marine structures.
Mergers & Acquisitions: The U.S. has seen notable consolidation, such as strategic acquisitions by Owens Corning to expand product lines and enhance R&D.
Key Recent Developments: Growing adoption of FRP rebars in public transportation and highway projects signals a positive trend, with new manufacturing units established in states like Texas and Ohio.
►Composite Rebar Opportunity in Asia Pacific: Urbanization and Smart Cities Fuel Demand
The Asia Pacific region, led by China, Japan, and India, stands as the fastest-growing market, accounting for the largest revenue share.
Mergers & Acquisitions: Key players like Schoeck International and Marshall Composite Technologies have partnered with local manufacturers to penetrate deeper into emerging markets.
Key Recent Developments: Smart city projects and green building initiatives across India and Southeast Asia have significantly boosted demand for lightweight and corrosion-free composite rebars.
►Composite Rebar Trends in Europe: Green Construction and Sustainability Drive
Europe is a hub for eco-friendly construction materials, and composite rebars are gaining traction, especially in coastal and historical preservation projects.
Mergers & Acquisitions: Pultrall Inc. and European firms have entered collaborative agreements to enhance supply chains and local production.
Key Recent Developments: EU policies promoting low-carbon infrastructure are accelerating the adoption of composite rebar in residential and industrial projects.
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►Composite Rebar Consolidation in the Middle East and Africa: Infrastructure Boom and Coastal Projects
The Middle East & African region shows strong potential, supported by investments in oil & gas infrastructure and modern urban developments.
Mergers & Acquisitions: Local firms are collaborating with global players like Owens Corning to access advanced manufacturing technologies.
Key Recent Developments: Countries like UAE and Saudi Arabia are adopting composite rebars in new coastal resorts and mega-projects to extend service life and reduce maintenance costs.
►Market Outlook and Future Opportunities
As global construction practices shift toward sustainability, durability, and cost-efficiency, the Composite Rebar Market is positioned for dynamic expansion. The rising popularity of FRP (Fiber Reinforced Polymer) rebars, driven by their superior corrosion resistance, will continue to unlock new opportunities, especially in developing economies and coastal infrastructure.
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► Market Segmentation: In-Depth Analysis:
• by Product Type
Glass Fiber-Reinforced Polymer (GFRP) Rebar
Carbon Fiber-Reinforced Polymer (CFRP) Rebar
Basalt Fiber-Reinforced Polymer (BFRP) Rebar
Hybrid Rebar
In 2024, the type segment of the composite rebar market is dominated by glass fiber reinforced polymer. The superior corrosion resistance of GFRP rebar makes it the preferable choice for concrete structures, especially in harsh settings where standard steel rebar is prone to corrosion. In the long term, GFRP is a cost-effective option because of its durability, which results in reduced maintenance expenses and a longer lifespan for structures. Because GFRP rebar is substantially lighter than steel rebar, it is easier to transport and install, resulting in lower labor and equipment expenses. In large-scale infrastructure projects, this weight benefit is very pertinent.
• by Application
Road & Building
Bridges & Port
Underground Construction
Water Treatment Plants
Others
• by End-User
Transportation
Industrial
Others
In 2024, the Composite Rebar Market's End User segment is dominated by the Infrastructure and Construction sector. For a number of strong reasons, the Infrastructure and Construction segment continues to have a leading position in the Composite Rebar Market's End User category. This sector makes up a sizable amount of the construction business and includes a broad range of projects, from civil engineering endeavors to bridges, highways, and tunnels. There are many opportunities to use composite rebar because of the variety of these projects.
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/composite-rebar-market/218967/
► Learn about the top players driving innovation in the Market :
• North America
1. Aslan FRP (U.S.)
2. Hughes Brothers Inc. (U.S.)
3. Pultrall Inc. (V-ROD) (Canada)
4. Marshall Composite Technologies LLC (U.S.)
5. Kodiak Fiberglass Rebar LLC (U.S.)
6. Neuvokas Corp. (U.S.)
7. BP Composites Ltd. (Canada)
8. Polux (Basanite Industries) (U.S.)
9. Avintiv Infrastructure (US
• Europe
10. Schoeck Bauteile GmbH (Germany)
11. FiReP Group (Switzerland)
12. ALBA Technik GmbH (Germany)
13. Sireg Geotech S.r.l. (Italy)
14. FIBROLUX GmbH (Germany)
15. SDG Composites (United Kingdom)
16. Epsilon Composite (France)
17. Composite Solutions (Italy)
18. MAGEBA Group (Switzerland)
19. Dextra Europe (France)
• Asia Pacific
20. Yuxing Fiberglass Rebar Co. Ltd. (China)
21. Antop Global (China)
22. Pultron Composites (New Zealand)
23. Composite Rebar Manufacturer (CRM) (India)
24. Sanskriti Composites Pvt. Ltd. (India)
25. Jiangsu Green Materials VIGOR Rebar Co., Ltd. (China)
26. Fujian Mincom FRP Co., Ltd. (China)
• Middle East & Africa
27. FIBREX Construction Group (UAE)
28. Armastek (UAE)
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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