Composite Rebar Market to expand to a market value of USD 1572 Mn. by 2032, with a CAGR of 9.8%

Opening Paragraph

According to a new report by Maximize Market Research, the global Composite Rebar Market was valued at USD 744 million in 2024 and is projected to reach USD 1,572 million by 2032, growing at a CAGR of 9.8 % between 2025 and 2032.

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Key Highlights
Market size + CAGR: USD 744 million in 2024; projected to grow to USD 1,572 million by 2032, at a CAGR of 9.8 %.

Leading product segment: Glass Fiber-Reinforced Polymer (GFRP) rebar dominates type segment.

Dominant and fastest-growing region: Asia-Pacific leads in 2024 and is expected to remain the fastest-growing region.

Key growth drivers: Rising urbanization and infrastructure development, sustainability emphasis, corrosion resistance especially in coastal and humid environments .

Restraint: Higher cost relative to traditional steel rebar serves as a barrier (as noted as a cost differential restraining growth).

Notable company: Aslan FRP (division of Owens Corning) is highlighted as a market leader with strong international presence and certified products.

Eager to discover what's within? Secure your sample copy of the report today:https://www.maximizemarketresearch.com/request-sample/218967/

Body Content
Market Outlook
The global Composite Rebar Market encompasses fiber-reinforced polymer (FRP) rebars-especially GFRP and BFRP-engineered to replace steel in concrete reinforcement, offering corrosion resistance and reduced maintenance in aggressive environments.
Driven by infrastructure expansion, smart city initiatives, and demand for sustainable building materials, the market is expected to register 9.8 % CAGR from 2025 to 2032, reaching USD 1,572 million by 2032.
However, adoption is moderated by the relatively higher upfront cost of composite rebar compared to steel ― a key restraint.

Regional Insights
Asia-Pacific dominates the composite rebar market in 2024 and is forecast to maintain the fastest growth rate through 2032. This is driven by rapid urbanization, large-scale infrastructure projects (e.g., bridges, highways, coastal defense systems), and government programs such as India's Smart City Mission and China's sustainability initiatives .

Intrigued to explore the contents? Secure your hands-on sample copy of the report:https://www.maximizemarketresearch.com/request-sample/218967/

Key Players
Aslan FRP, a division of Owens Corning (U.S.), stands out with a comprehensive global footprint, technological leadership, and ASTM/CSA-certified products-granting it access to major infrastructure projects in North America and beyond. The competitive landscape also includes other manufacturers like Pultron Composites, CRM (India), Sanskriti Composites (India), and others across Asia, the Middle East, and Africa.

For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/composite-rebar-market/218967/

Trends, Drivers & Challenges
Composite rebar adoption is propelled by corrosion resistance, alignment with green building principles, and infrastructure modernization. Opportunities lie in smart city investments, coastal/marine construction, and growing awareness of lifecycle benefits of low-maintenance materials.
Constraints include higher initial material costs and limited standardization in some regions. Market participants are focusing on broader certification, cost innovation, and strategic partnerships to bridge adoption gaps.

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