FRP Composite Rebar Market Share Driven by Corrosion-Resistant Construction Materials and Infrastructure Modernization | Valuates Reports

FRP Composite Rebar - Market Size
The global market for FRP Composite Rebar was estimated to be worth US$ 491 million in 2023 and is forecast to a readjusted size of US$ 907.2 million by 2030 with a CAGR of 9.3% during the forecast period 2024-2030

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The FRP Composite Rebar Market is gaining strong traction as construction industries increasingly shift toward corrosion-resistant, lightweight, and high-strength reinforcement materials. Market trends reflect rising adoption of composite rebars in large-scale infrastructure, transportation networks, and civil engineering structures, driven by the need to extend service life, reduce maintenance costs, and comply with evolving performance standards. Expanding applications across both public and private projects continue to influence overall market size and fuel steady market growth.

Glass Fiber Reinforced Polymers Rebar (GFRP Rebar) holds the largest market share, supported by its balanced cost-performance ratio and wide use in bridges, buildings, marine structures, and utility projects. Carbon Fiber Reinforced Polymers Rebar (CFRP Rebar) is experiencing faster market growth due to its exceptional strength-to-weight performance and suitability for high-load or critical infrastructure applications. Aramid Fiber Reinforced Polymers Rebar (AFRP Rebar) provides an additional segment for environments requiring high impact resistance and thermal stability, complementing the broader type landscape.

Railway Construction and Highway Construction lead the application segments, driven by large-scale modernization programs and the need for long-lasting reinforcement materials in high-vibration and high-moisture environments. Bridge Building & Reconstruction is another major contributor to market share as aging infrastructure drives replacement projects using non-corrosive alternatives. Residential Construction, Civil Engineering, and Industrial Engineering also support significant and expanding demand, reflecting broader adoption of advanced composite materials across diverse construction domains.

Major companies-including Aslan FRP, Schoeck, Armastek, Galen, Dextra Group, FiReP, BP Composites (TUFF-Bar), Pultrall, Pultron Composites, Hubei Yulong, Fusite, Fiberline, Marshall Composite Technologies, Sireg Geotech, Technobasalt, Kodiak Fiberglass Rebar, Tribeni Fiber, Captrad, B&B FRP Manufacturing Inc, Neuvokas Corporate, Mateenbar, Nycon, SFTec Inc, Nanjing Fenghui Composite, Yuxing, and Shanghai KNP-hold strong market share through advanced pultrusion technologies, high-performance product portfolios, and strategic involvement in infrastructure projects. Their focus on durability, mechanical strength, and compliance with global construction standards enhances competitive positioning.

Regionally, North America and Europe dominate consumption due to extensive infrastructure rehabilitation and strong awareness of lifecycle performance benefits. Asia-Pacific, including China, Japan, and South Korea, shows robust market growth driven by large construction volumes and increasing adoption of advanced materials. Southeast Asia, the Middle East, and Latin America are emerging as high-potential markets supported by rapid urbanization, industrial expansion, and significant investment in bridges, railways, and highways. The overall market forecast indicates sustained growth as FRP rebars continue to replace traditional steel reinforcement in modern construction.

Segment by Type:

• Glass Fiber Reinforced Polymers Rebar (GFRP Rebar)
• Carbon Fiber Reinforced Polymers Rebar (CFRP Rebar)
• Aramid Fiber Reinforced Polymers Rebar (AFRP Rebar)

Segment by Application

• Railway Construction
• Residential Construction and Civil Engineering
• Highway Construction
• Industrial Engineering
• Bridge Building & Reconstruction

By Company

Aslan FRP, Schoeck, Armastek, Galen, Dextra Group, FiReP, BP Composites (TUFF-Bar), Pultrall, Pultron Composites, Hubei Yulong, Fusite, Fiberline, Marshall Composite Technologies, Sireg Geotech, Technobasalt, Kodiak Fiberglass Rebar, Tribeni Fiber, Captrad, B&B FRP Manufacturing Inc, Neuvokas Corporate, Mateenbar, Nycon, SFTec Inc, Nanjing Fenghui Composite, Yuxing, Shanghai KNP

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