Composite Rebar Market
Composite Rebar Market Forecasts to 2032 - Global Analysis By Product (Glass Fiber Reinforced Polymer (GFRP), Carbon Fiber Reinforced Polymer (CFRP) and Aramid Fiber Reinforced Polymer (AFRP)), Resin Type, Diameter, Application, End User and By Geography
|
Years Covered |
2024-2032 |
|
Estimated Year Value (2025) |
US $2.6 BN |
|
Projected Year Value (2032) |
US $4.8 BN |
|
CAGR (2025-2032) |
8.9% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Composite Rebar Market is accounted for $2.6 billion in 2025 and is expected to reach $4.8 billion by 2032 growing at a CAGR of 8.9% during the forecast period. Composite rebar is a type of reinforcement bar made from a combination of materials such as fiberglass, carbon fiber, or other polymers, often with a resin matrix. Unlike traditional steel rebar, composite rebar is lightweight, non-corrosive, and offers higher strength-to-weight ratios. It is commonly used in construction projects, particularly in environments where corrosion from moisture or chemicals is a concern, such as in bridges, marine structures, and concrete pavements. The durability and resistance to corrosion make composite rebar a preferred choice for long-lasting, low-maintenance infrastructure projects.
Market Dynamics:
Driver:
Corrosion Resistance in Harsh Environments
The corrosion resistance of composite rebar in harsh environments significantly drives its market growth. Unlike steel, composite rebar does not rust, ensuring durability and reducing long-term maintenance costs in infrastructure exposed to moisture, chemicals, or saltwater. This advantage makes it ideal for bridges, marine structures, and industrial facilities, where environmental conditions are extreme. As industries increasingly prioritize longevity and sustainability, the demand for corrosion-resistant materials like composite rebar continues to rise, fueling innovation and expanding market opportunities globally.
Restraint:
High Initial Cost Compared to Steel Rebar
The high initial cost of composite rebar compared to traditional steel rebar significantly hinders its adoption in the market. Despite its long-term benefits like corrosion resistance and durability, the upfront expense remains a barrier for many construction projects, particularly in cost-sensitive sectors. This price discrepancy limits the widespread use of composite rebar, as businesses and contractors often opt for the more affordable steel rebar, delaying its market growth.
Opportunity:
Rising Infrastructure Investments
Rising infrastructure investments are positively impacting the composite rebar market by driving demand for durable, corrosion-resistant, and lightweight materials in construction projects. As governments and private sectors expand transportation, water management, and energy infrastructure, composite rebar emerges as a preferred alternative to traditional steel. Its longer lifespan, reduced maintenance costs, and compatibility with harsh environments make it ideal for modern infrastructure needs. This growing preference accelerates market growth and fosters innovation in composite reinforcement technologies worldwide.
Threat:
Lack of Standardization and Regulatory Support
The lack of standardization and regulatory support in the Composite Rebar Market hinders widespread adoption and growth. Inconsistent quality standards across regions lead to uncertainty about material performance, limiting confidence among builders and engineers. The absence of uniform regulations delays product approvals and complicates market entry for manufacturers. This fragmentation hampers the market's expansion, increasing costs and inhibiting innovation, as stakeholders struggle to navigate a complex regulatory landscape.
Covid-19 Impact
The COVID-19 pandemic initially disrupted the Composite Rebar Market due to halted construction projects, labor shortages, and supply chain interruptions. However, as recovery efforts progressed, infrastructure investments and government stimulus packages reignited demand. The market adapted with increased automation and digitalization, leading to renewed growth. Post-pandemic, the focus on resilient and sustainable construction further accelerated the adoption of composite rebar across critical infrastructure projects.
The marine structures segment is expected to be the largest during the forecast period
The marine structures segment is expected to account for the largest market share during the forecast period, as Composite rebars outperform steel in marine applications like seawalls, docks, and offshore platforms, reducing maintenance costs and extending infrastructure life. Their lightweight nature also simplifies transport and installation, further enhancing efficiency. As coastal development and climate resilience projects grow globally, demand for durable, non-corrosive materials like composite rebar in marine structures continues to surge, boosting market expansion.
The polyester segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the polyester segment is predicted to witness the highest growth rate, due to demand for cost-effective, corrosion-resistant alternatives to traditional steel. Its excellent durability, chemical resistance, and lightweight properties make it ideal for infrastructure projects in harsh environments, such as marine and industrial applications. Polyester composite rebar also offers easy handling and installation, reducing labor and transportation costs. As construction sectors increasingly seek sustainable and long-lasting materials, polyester-based solutions continue to gain traction, fueling growth of the market.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to rising infrastructure development, corrosion resistance advantages, and demand for durable, lightweight construction materials. Governments' focus on sustainable and long-lasting infrastructure, especially in coastal and seismic-prone areas, fuels adoption. Additionally, rapid urbanization and smart city initiatives across countries like China, India, and Japan are boosting demand. This market trend not only enhances structural integrity but also contributes to lower maintenance costs and extended infrastructure lifespans.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, because its lightweight nature reduces transportation costs and simplifies installation, driving construction efficiency. Widely adopted in highways, bridges, and marine structures, composite rebar enhances structural longevity and reduces maintenance needs. As sustainability and resilience gain priority, the market supports green construction initiatives and boosts economic development through innovation and job creation, ultimately reinforcing North America’s leadership in advanced construction materials.
Key players in the market
Some of the key players profiled in the Composite Rebar Market include Armastek, Pultron Composites, Marshall Composite Technologies, Schoeck Bauteile GmbH, Dextra Group, BP Composites (TUFF-Bar), FiReP Rebar Technology GmbH, Kodiak Fiberglass Rebar LLC, Fiberline Composites, Technobasalt-Invest LLC, Tribeni Fiber Pvt. Ltd., Captrad, Sireg Geotech Srl, Composite Group Chelyabinsk LLC, Galen LLC, Nanjing Fenghui Composite Material Co., Ltd., Hughes Brothers Inc, Owens Corning and MRG Composites India Pvt. Ltd.
Key Developments:
In January 2025, Normet International Ltd and Dextra Group signed a Memorandum of Understanding (MoU) to collaborate on developing sustainable Fibre Reinforced Polymer (FRP) reinforcement solutions for underground mining and tunnelling applications.
In February 2025, Arkema, in collaboration with Sireg Geotech, has introduced a groundbreaking innovation in concrete reinforcement: the world's first bendable composite rebar utilizing Arkema's Elium® thermoplastic resin. This development offers a sustainable and high-performance alternative to traditional steel reinforcement, addressing long-standing challenges in the construction industry.
Products Covered:
• Glass Fiber Reinforced Polymer (GFRP)
• Carbon Fiber Reinforced Polymer (CFRP)
• Basalt Fiber Reinforced Polymer (BFRP)
• Aramid Fiber Reinforced Polymer (AFRP)
Resin Types Covered:
• Vinyl Ester
• Epoxy
• Polyester
• Other Resin Types
Diameters Covered:
• Up to 6 mm
• 6 mm – 12 mm
• 12 mm – 20 mm
• Above 20 mm
Applications Covered:
• Highways, Bridges, and Tunnels
• Marine Structures
• Industrial and Commercial Construction
• Residential Construction
• Water Treatment Plants
• Other Applications
End Users Covered:
• Military & Defense
• Mining
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Composite Rebar Market, By Product
5.1 Introduction
5.2 Glass Fiber Reinforced Polymer (GFRP)
5.3 Carbon Fiber Reinforced Polymer (CFRP)
5.4 Basalt Fiber Reinforced Polymer (BFRP)
5.5 Aramid Fiber Reinforced Polymer (AFRP)
6 Global Composite Rebar Market, By Resin Type
6.1 Introduction
6.2 Vinyl Ester
6.3 Epoxy
6.4 Polyester
6.5 Other Resin Types
7 Global Composite Rebar Market, By Diameter
7.1 Introduction
7.2 Up to 6 mm
7.3 6 mm – 12 mm
7.4 12 mm – 20 mm
7.5 Above 20 mm
8 Global Composite Rebar Market, By Application
8.1 Introduction
8.2 Highways, Bridges, and Tunnels
8.3 Marine Structures
8.4 Industrial and Commercial Construction
8.5 Residential Construction
8.6 Water Treatment Plants
8.7 Other Applications
9 Global Composite Rebar Market, By End User
9.1 Introduction
9.2 Military & Defense
9.3 Mining
9.4 Other End Users
10 Global Composite Rebar Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Armastek
12.2 Pultron Composites
12.3 Marshall Composite Technologies
12.4 Schoeck Bauteile GmbH
12.5 Dextra Group
12.6 BP Composites (TUFF-Bar)
12.7 FiReP Rebar Technology GmbH
12.8 Kodiak Fiberglass Rebar LLC
12.9 Fiberline Composites
12.10 Technobasalt-Invest LLC
12.11 Tribeni Fiber Pvt. Ltd.
12.12 Captrad
12.13 Sireg Geotech Srl
12.14 Composite Group Chelyabinsk LLC
12.15 Galen LLC
12.16 Nanjing Fenghui Composite Material Co., Ltd.
12.17 Hughes Brothers Inc.
12.18 Owens Corning
12.19 MRG Composites India Pvt. Ltd.
List of Tables
1 Global Composite Rebar Market Outlook, By Region (2024-2032) ($MN)
2 Global Composite Rebar Market Outlook, By Product (2024-2032) ($MN)
3 Global Composite Rebar Market Outlook, By Glass Fiber Reinforced Polymer (GFRP) (2024-2032) ($MN)
4 Global Composite Rebar Market Outlook, By Carbon Fiber Reinforced Polymer (CFRP) (2024-2032) ($MN)
5 Global Composite Rebar Market Outlook, By Basalt Fiber Reinforced Polymer (BFRP) (2024-2032) ($MN)
6 Global Composite Rebar Market Outlook, By Aramid Fiber Reinforced Polymer (AFRP) (2024-2032) ($MN)
7 Global Composite Rebar Market Outlook, By Resin Type (2024-2032) ($MN)
8 Global Composite Rebar Market Outlook, By Vinyl Ester (2024-2032) ($MN)
9 Global Composite Rebar Market Outlook, By Epoxy (2024-2032) ($MN)
10 Global Composite Rebar Market Outlook, By Polyester (2024-2032) ($MN)
11 Global Composite Rebar Market Outlook, By Other Resin Types (2024-2032) ($MN)
12 Global Composite Rebar Market Outlook, By Diameter (2024-2032) ($MN)
13 Global Composite Rebar Market Outlook, By Up to 6 mm (2024-2032) ($MN)
14 Global Composite Rebar Market Outlook, By 6 mm – 12 mm (2024-2032) ($MN)
15 Global Composite Rebar Market Outlook, By 12 mm – 20 mm (2024-2032) ($MN)
16 Global Composite Rebar Market Outlook, By Above 20 mm (2024-2032) ($MN)
17 Global Composite Rebar Market Outlook, By Application (2024-2032) ($MN)
18 Global Composite Rebar Market Outlook, By Highways, Bridges, and Tunnels (2024-2032) ($MN)
19 Global Composite Rebar Market Outlook, By Marine Structures (2024-2032) ($MN)
20 Global Composite Rebar Market Outlook, By Industrial and Commercial Construction (2024-2032) ($MN)
21 Global Composite Rebar Market Outlook, By Residential Construction (2024-2032) ($MN)
22 Global Composite Rebar Market Outlook, By Water Treatment Plants (2024-2032) ($MN)
23 Global Composite Rebar Market Outlook, By Other Applications (2024-2032) ($MN)
24 Global Composite Rebar Market Outlook, By End User (2024-2032) ($MN)
25 Global Composite Rebar Market Outlook, By Military & Defense (2024-2032) ($MN)
26 Global Composite Rebar Market Outlook, By Mining (2024-2032) ($MN)
27 Global Composite Rebar Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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