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Composite Rebar Market Size To Reach $1.01Bn By 2030

Composite Rebar Market Size To Reach $1.01 Billion By 2030

February 2025 | Report Format: Electronic (PDF)

Composite Rebar Market Growth & Trends

The global composite rebar market size is anticipated to reach USD 1.01 billion by 2030, growing at a CAGR of 5.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. Traditional steel rebar, while strong, is susceptible to corrosion when exposed to environmental factors like moisture and chemicals. This vulnerability leads to higher maintenance costs and reduced structure lifespan. Composite rebar, often made from fiberglass or carbon fiber, provides a more resilient alternative, offering greater longevity and performance in harsh conditions. This is particularly valuable in coastal areas, bridges, and marine infrastructure.

Governments and regulatory bodies worldwide impose stricter environmental regulations, pushing industries to adopt greener and more sustainable construction practices. Composite rebar is considered more environmentally friendly than traditional steel rebar. It is lighter, reduces transportation costs, and requires fewer raw materials. Additionally, due to its recyclability and longer life cycle, composite rebar can help minimize the carbon footprint of construction projects, contributing to the global trend of sustainable building practices.

The development of advanced composite materials, such as carbon fiber-reinforced polymer (CFRP) rebar, has enhanced their performance characteristics. Composite rebars are now being engineered to have improved tensile strength, flexibility, and resistance to temperature fluctuations, which are crucial for the structural integrity of modern buildings and infrastructure. With continuous advancements in manufacturing technologies, composite rebar costs are gradually decreasing, making it a more viable option for a wide range of construction projects.

As urbanization continues to increase, there is a growing demand for new residential, commercial, and industrial buildings and for repairing and reinforcing existing structures. Composite rebar offers a significant advantage in seismic zones and high-stress environments where durability is paramount. Its use in strengthening buildings, bridges, tunnels, and highways in seismic zones or areas with high chloride content in the soil is becoming more prevalent, thus fueling the market growth.

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Composite Rebar Market Report Highlights

Based on material, glass fiber reinforced polymer (GFRP) dominated with a market share of 79.9% in 2024 due to its superior strength, durability, and corrosion resistance compared to traditional materials.
Based on application, construction dominated the market with a market share of 56.3% in 2024 due to the growing demand for durable, corrosion-resistant materials in infrastructure projects.
Asia Pacific is the dominant region for the composite rebar industry with a revenue share of over 35.0% in 2024 due to rapid urbanization, infrastructure development, and increased adoption of advanced construction materials in emerging economies.