Composite Rebar Market Analysis | 2026-2031

Market Insights

The composite rebar market was estimated at USD 765 million in 2025 and is likely to grow at a CAGR of 5.6% during 2026-2031 to reach USD 1061.3 million in 2031.

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Market Dynamics

Introduction

Composite rebar is used in corrosive and challenging environments. It has a unique combination of mechanical properties that make it a superior alternative to other types of rebar, especially when working in aggressive environments.

It is corrosion-free, has a high tensile strength, is extremely durable, and weighs four times less than steel. Because composite rebar is lightweight, it is less expensive to transport and install.

COVID-19 Impact

Pandemic-induced lockdowns had a significant impact on the construction industry. Construction projects in developing countries came to a halt in 2020. Furthermore, electrical isolation, industrial and marine plants were forced to temporarily shut down during lockdown.

As a result, composite rebar, a sizeable market, could not escape a significant decline during the pandemic. However, the industry is gradually rebounding in the year 2021 with the rise in new transportation construction and growing commercial and residential construction. Furthermore, growing acceptance and increasing R&D activities for FRP (Fiber-Reinforced Plastic) rebars are likely to give rise to composite rebar demand.

Segments Analysis

By Product Type

“GFRP rebars will be the most in-demand product in the composite rebar market during the forecast period.”

The composite rebar market is segmented as GFRP rebar (Glass Fiber-Reinforced Polymer), CFRP rebar (Carbon Fiber-Reinforced Plastic), and BFRP rebar (Basalt Fiber-Reinforced Polymer).

Among these, GFRP rebars are expected to remain the most sought-after product type in the composite rebar market during the forecast period owing to their increasing demand in roads, bridges, tunnels, MRI rooms, marine structures, and waterfronts.

By End-Use Type

“Construction will be the dominant and fastest-growing market segment during the forecast period.”

The market is segmented as construction, electrical isolation, industrial, marine, and others. Construction is expected to remain the dominant as well as the fastest-growing segment of the market during the forecast period.

The demand for composite rebars in the construction industry is being driven by increasing investments in infrastructure development, including bridges, buildings, highways, water distribution systems, and other facilities.

Regional Insights

“North America is anticipated to stay as the dominant region in the composite rebars market throughout the forecast period.”

The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, North America is expected to remain the largest region in the market for composite rebars during the forecast period.

The region is witnessing high growth in the construction industry with the replacement of existing infrastructure and the development of new ones. As a result, the region serves as the growth engine for the industry. Asia-Pacific and Europe are also likely to generate sizeable opportunities in the coming five years.

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Key Players

Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc.

The following are the key players in the market (arranged alphabetically):

• FireP International
• Mateenbar Limited
• Owens Corning
• Pultron Composites
• Schoeck

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The composite rebar market is segmented into the following categories:

By Product Type

• Glass Fiber Reinforced Polymer Rebar (GFRP Rebar)
• Carbon Fiber Reinforced Polymer Rebar (CFRP Rebar)
• Basalt Fiber Reinforced Polymer Rebar (BFRP Rebar)

By End-Use Type

• Construction
• Electrical Isolation
• Industrial
• Marine
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s composite rebar market realities and future market possibilities for the forecast period of 2026 to 2031. After a continuous interest in our composite rebar market report from the industry stakeholders, we have tried to further accentuate our research scope to the composite rebar market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research:

Stratview Research offers custom research services across sectors. In case of any custom research requirements related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].