PUBLISHER: Grand View Research | PRODUCT CODE: 1679607
PUBLISHER: Grand View Research | PRODUCT CODE: 1679607
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.