The global Composite Rebar Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Product (GFRP Rebar, CFRP Rebar, BFRP Rebar), By Application (Highways, Bridges & Buildings, Marine Structures & Waterfronts, Water Treatment Plants, Others).
The composite rebar market is expected to witness robust growth in 2024, driven by the increasing demand for corrosion-resistant and lightweight construction materials. Composite rebar, made from fibers like glass, carbon, or basalt embedded in a polymeric resin, offers superior strength-to-weight ratios and resistance to environmental degradation compared to traditional steel rebar. Key applications include infrastructure projects such as bridges, highways, and marine structures, where long-term durability and reduced maintenance costs are critical. The market is propelled by the growing focus on sustainable construction practices and the need for materials that can withstand harsh environmental conditions. Additionally, advancements in composite material technology and the increasing adoption of composite rebar in residential and commercial construction projects are further driving market growth.
The market report analyses the leading companies in the industry including Armastek, Captrad, Composite Group Chelyabinsk, Dextra Group, Fiberline Building Profiles A/S, Galen, Kodiak Fiberglass Rebar LLC, Marshall Composite Technologies LLC, Nanjing Fenghui Composite Material Co. Ltd, Pultron Composites, Schock Bauteile GmbH, Technobasalt-Invest LLC, Tribeni Fibres Pvt. Ltd, and others.
A prominent trend in the market for composite rebar is the increasing adoption of composite materials in infrastructure projects driven by the need for durable, corrosion-resistant reinforcement solutions. Traditional steel rebars are susceptible to corrosion, especially in harsh environments such as marine structures, roadways, and bridges, leading to degradation of concrete and structural integrity issues over time. Composite rebar, made from materials such as fiberglass, carbon fiber, or basalt, offers superior corrosion resistance, lightweight properties, and high tensile strength, making it an attractive alternative for reinforcing concrete structures. As governments and construction firms prioritize infrastructure development and rehabilitation, the demand for composite rebar is expected to grow, driving market expansion and innovation in composite materials and construction techniques.
The primary driver fueling the demand for composite rebar is the growing focus on sustainable construction practices driven by environmental concerns, lifecycle costs, and regulatory requirements. With increasing awareness of the environmental impact of traditional construction materials and methods, there is a shift towards eco-friendly alternatives that offer long-term durability, reduced maintenance, and lower carbon footprint. Composite rebar aligns with sustainability goals by offering benefits such as extended service life, resistance to corrosion and chemical degradation, and reduced material waste during construction and demolition. As builders and developers seek to achieve green building certifications, comply with environmental regulations, and reduce lifecycle costs, the demand for composite rebar as a sustainable reinforcement solution is expected to rise, driving market growth and investment in composite manufacturing technologies and construction practices.
An emerging opportunity within the market for composite rebar lies in the expansion into new construction sectors beyond traditional infrastructure projects, such as residential, commercial, and industrial buildings. While composite rebar has been predominantly used in infrastructure applications due to its corrosion resistance and durability benefits, there is potential for broader adoption in other construction segments seeking to enhance resilience, reduce maintenance, and improve structural performance. By targeting applications such as foundations, slabs, walls, and columns in residential and commercial construction, composite rebar manufacturers can capitalize on the demand for sustainable and high-performance building materials that offer superior durability, design flexibility, and lifecycle cost savings. Additionally, opportunities exist for collaboration with architects, engineers, and contractors to educate stakeholders about the benefits of composite rebar and integrate it into building design and construction specifications, paving the way for increased market penetration and growth in the construction industry.
Within the Composite Rebar Market, the GFRP (Glass Fiber Reinforced Polymer) Rebar Segment is the largest, primarily due to its wide application range and cost-effectiveness compared to other types of composite rebars. GFRP rebars are manufactured by impregnating glass fibers with a polymer resin, resulting in a lightweight, corrosion-resistant, and durable reinforcement material. These rebars find extensive use in various construction applications, including bridges, highways, marine structures, and buildings, where traditional steel reinforcement is susceptible to corrosion in harsh environments. Moreover, GFRP rebars offer advantages such as high tensile strength, low thermal conductivity, and electromagnetic neutrality, making them suitable for specialized applications in electrical and magnetic-sensitive environments. Additionally, GFRP rebars are relatively more cost-effective than CFRP (Carbon Fiber Reinforced Polymer) and BFRP (Basalt Fiber Reinforced Polymer) rebars, further driving their widespread adoption in construction projects worldwide. As the construction industry continues to prioritize sustainability, durability, and lifecycle cost considerations, the demand for GFRP rebars is expected to remain robust, maintaining the dominance of this segment in the Composite Rebar Market.
Within the Composite Rebar Market, the Highways Application Segment stands out as the fastest-growing, fuelled by extensive infrastructure development projects and the inherent performance benefits of composite rebars in highway construction. As governments worldwide invest in modernizing and expanding their transportation networks, there is a significant demand for durable and corrosion-resistant reinforcement materials to ensure the longevity and safety of highway infrastructure. Composite rebars, including GFRP, CFRP, and BFRP variants, offer superior resistance to corrosion, rust, and chemical degradation compared to traditional steel rebars, making them ideal for use in highway construction projects exposed to harsh environmental conditions and de-icing salts. Additionally, composite rebars contribute to reduced maintenance costs and extended service life, leading to long-term savings for highway authorities and taxpayers. With growing awareness of the benefits of composite materials and increasing regulatory requirements for sustainable infrastructure solutions, the demand for composite rebars in highway construction is expected to experience rapid growth, positioning the Highways Application Segment as a key driver of market expansion in the Composite Rebar Market.
By Product
GFRP Rebar
CFRP Rebar
BFRP Rebar
By Application
Highways
Bridges & Buildings
Marine Structures & Waterfronts
Water Treatment Plants
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Armastek
Captrad
Composite Group Chelyabinsk
Dextra Group
Fiberline Building Profiles A/S
Galen
Kodiak Fiberglass Rebar LLC
Marshall Composite Technologies LLC
Nanjing Fenghui Composite Material Co. Ltd
Pultron Composites
Schock Bauteile GmbH
Technobasalt-Invest LLC
Tribeni Fibres Pvt. Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Composite Rebar Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Composite Rebar Market Size Outlook, $ Million, 2021 to 2032
3.2 Composite Rebar Market Outlook by Type, $ Million, 2021 to 2032
3.3 Composite Rebar Market Outlook by Product, $ Million, 2021 to 2032
3.4 Composite Rebar Market Outlook by Application, $ Million, 2021 to 2032
3.5 Composite Rebar Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Composite Rebar Industry
4.2 Key Market Trends in Composite Rebar Industry
4.3 Potential Opportunities in Composite Rebar Industry
4.4 Key Challenges in Composite Rebar Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Composite Rebar Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Composite Rebar Market Outlook by Segments
7.1 Composite Rebar Market Outlook by Segments, $ Million, 2021- 2032
By Product
GFRP Rebar
CFRP Rebar
BFRP Rebar
By Application
Highways
Bridges & Buildings
Marine Structures & Waterfronts
Water Treatment Plants
Others
8 North America Composite Rebar Market Analysis and Outlook To 2032
8.1 Introduction to North America Composite Rebar Markets in 2024
8.2 North America Composite Rebar Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Composite Rebar Market size Outlook by Segments, 2021-2032
By Product
GFRP Rebar
CFRP Rebar
BFRP Rebar
By Application
Highways
Bridges & Buildings
Marine Structures & Waterfronts
Water Treatment Plants
Others
9 Europe Composite Rebar Market Analysis and Outlook To 2032
9.1 Introduction to Europe Composite Rebar Markets in 2024
9.2 Europe Composite Rebar Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Composite Rebar Market Size Outlook by Segments, 2021-2032
By Product
GFRP Rebar
CFRP Rebar
BFRP Rebar
By Application
Highways
Bridges & Buildings
Marine Structures & Waterfronts
Water Treatment Plants
Others
10 Asia Pacific Composite Rebar Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Composite Rebar Markets in 2024
10.2 Asia Pacific Composite Rebar Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Composite Rebar Market size Outlook by Segments, 2021-2032
By Product
GFRP Rebar
CFRP Rebar
BFRP Rebar
By Application
Highways
Bridges & Buildings
Marine Structures & Waterfronts
Water Treatment Plants
Others
11 South America Composite Rebar Market Analysis and Outlook To 2032
11.1 Introduction to South America Composite Rebar Markets in 2024
11.2 South America Composite Rebar Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Composite Rebar Market size Outlook by Segments, 2021-2032
By Product
GFRP Rebar
CFRP Rebar
BFRP Rebar
By Application
Highways
Bridges & Buildings
Marine Structures & Waterfronts
Water Treatment Plants
Others
12 Middle East and Africa Composite Rebar Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Composite Rebar Markets in 2024
12.2 Middle East and Africa Composite Rebar Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Composite Rebar Market size Outlook by Segments, 2021-2032
By Product
GFRP Rebar
CFRP Rebar
BFRP Rebar
By Application
Highways
Bridges & Buildings
Marine Structures & Waterfronts
Water Treatment Plants
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Armastek
Captrad
Composite Group Chelyabinsk
Dextra Group
Fiberline Building Profiles A/S
Galen
Kodiak Fiberglass Rebar LLC
Marshall Composite Technologies LLC
Nanjing Fenghui Composite Material Co. Ltd
Pultron Composites
Schock Bauteile GmbH
Technobasalt-Invest LLC
Tribeni Fibres Pvt. Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
GFRP Rebar
CFRP Rebar
BFRP Rebar
By Application
Highways
Bridges & Buildings
Marine Structures & Waterfronts
Water Treatment Plants
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Composite Rebar Market Size is valued at $589.1 Million in 2024 and is forecast to register a growth rate (CAGR) of 9.7% to reach $1235.5 Million by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Armastek, Captrad, Composite Group Chelyabinsk, Dextra Group, Fiberline Building Profiles A/S, Galen, Kodiak Fiberglass Rebar LLC, Marshall Composite Technologies LLC, Nanjing Fenghui Composite Material Co. Ltd, Pultron Composites, Schock Bauteile GmbH, Technobasalt-Invest LLC, Tribeni Fibres Pvt. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume