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Europe Fiber Reinforced Polymer (FRP) Rebars Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – By Resin Type (Vinyl Ester, Polyester, Epoxy, and Others), Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, and Basalt Fiber Composites), and Application (Highway Bridge and Construction, Marine Structures and Waterfronts, Water Treatment Plants, and Others)
- Report Code : BMIRE00027582
- Pages : 129
The fiber reinforced polymer (FRP) rebars market in Europe is expected to grow from US$ 39.98 million in 2022 to US$ 71.16 million by 2028. It is estimated to grow at a CAGR of 10.1% from 2022 to 2028.
Increasing Application of FRP Rebars in Construction
The construction industry is always searching for better alternatives to traditionally used materials like wood, steel, and aluminium. Fiber reinforced polymer (FRP) composite material is emerging as a viable alternative for various infrastructure and building projects. FRP rebars are resistant to a wide range of chemicals and are not affected by oxidation or corrosion. For instance, fiberglass rebar can withstand harsh weather conditions, continuous rain, and water submerged conditions. FRP’s durability makes it a preferred choice for many outdoor construction projects as they are easy to cut, shape, and install. Moreover, their minimal maintenance requirements lower overall construction costs. Around the regional, many more advanced countries rely on green construction methods to save resources and provide buildings with long service life. Thus, fiber-reinforced polymer rebars are becoming increasingly popular in constructing infrastructure, large structures, and commercial buildings. Furthermore, rising global construction spending and acceptance of FRP rebars for reinforcement purposes are projected to drive its demand in the construction industry. FRP rebars bond easily with concrete irrespective of pH, moisture, and other external factors. Advanced thermal compatibility also offers zero stress while responding to temperature changes, which is expected to influence the FRP rebar market over the forecast period positively. Additional advantages of FRP rebars include excellent quality control with reduced transportation costs which is slated to favour its demand in the construction industry and is driving the market growth.
Market Overview
The Europe Fiber Reinforced Polymer (FRP) Rebars market is segmented into Germany, France, Italy, UK, Russia, and the Rest of Europe. The Fiber Reinforced Polymer (FRP) Rebars market has witnessed a high growth during the forecast period due to its applications such as highway bridge and construction, marine structures and waterfronts, and water treatment plants. The product has a high tensile strength and corrosion-resistant properties, which is driving the market forward. The European market has witnessed a growth in construction industry during the forecast period, which will increase demand for Fiber Reinforced Polymer (FRP) Rebars in the region. Fiber Reinforced Polymer (FRP) Rebars is a reinforcing rod made up of a combination of fiberglass roving and resin. It is a reinforcing material to be used in concrete to replace the steel rods in various applications. Fiber Reinforced Polymer (FRP) Rebars are considered stronger than steel bars and a lightweight material. The construction industry is a vital industry to the Europe economy. For instance, as per the FIEC statistical report of European Union, the construction industry has increased by 5.2% in 2021. The growing construction industry in the region and rising government spending for maintenance and construction is driving the Fiber Reinforced Polymer (FRP) Rebars market. Moreover, Fiber Reinforced Polymer (FRP) Rebars also play a crucial role in the water treatment plants. Europe has witnessed an improvement in all parts of its region in water treatment plants over the past few decades. The EU wastewater treatment directive states that around 90% of urban waste waters are collected and treated. The increasing demand in water treatment across the region is expected to drive the market forward.
Europe Fiber Reinforced Polymer (FRP) Rebars Market Revenue and Forecast to 2028 (US$ Million)
Europe Fiber Reinforced Polymer (FRP) Rebars Market Segmentation
The Europe fiber reinforced polymer (FRP) rebars market is segmented into by resin type, fiber type, application, and country.
Based on resin type, the market is segmented into vinyl ester, polyester, epoxy, and others. The vinyl ester segment registered the largest market share in 2022. Based on fiber type, the market is segmented into glass fiber composites, carbon fiber composites, and basalt fiber composites. The glass fiber composites segment registered the largest market share in 2022. Based on application, the market is segmented into highway bridge and construction, marine structures and waterfronts, water treatment plants and others. The highway bridge and construction segment held the largest market share in 2022. Based on country, the market is segmented into Germany, France, Italy, Spain, and the Rest of Europe. The Rest of Europe dominated the market share in 2022.
Owens Corning; Pultron Composites; FiRep Inc.; Schock Bauteile GmbH, and Dextra Group are the leading companies operating in the fiber reinforced polymer (FRP) rebars market in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Europe Fiber Reinforced Polymer (FRP) Rebars Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Europe Fiber Reinforced Polymer (FRP) Rebars Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Application of FRP Rebars in Construction
5.1.2 Increasing Demand for Lightweight, High Strength, and Non-Corrosive Rebars
5.2 Market Restraints
5.2.1 Durability Issues in FRP Rebars
5.3 Market Opportunities
5.3.1 Rising Adoption of FRP Rebars in Water Treatment Plants
5.4 Future Trends
5.4.1 Strategic Development Initiatives by Manufacturers
5.5 Impact Analysis of Drivers and Restraint
6. Europe Fiber Reinforced Polymer (FRP) Rebars Market – Europe Market Analysis
6.1 Europe Fiber Reinforced Polymer (FRP) Rebars Market Overview
6.2 Europe Fiber Reinforced Polymer (FRP) Rebars Market –Revenue and Forecast to 2028
6.3 Europe Fiber Reinforced Polymer (FRP) Rebars Market –Revenue and Forecast to 2028(Tonnes)
7. Europe Fiber Reinforced Polymer (FRP) Rebars Market Analysis – By Resin Type
7.1 Overview
7.2 Europe Fiber Reinforced Polymer (FRP) Rebars Market, By Resin Type (2021 and 2028)
7.3 Vinyl Ester
7.3.1 Overview
7.3.2 Europe Vinyl Ester: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Europe Vinyl Ester: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonness)
7.4 Polyester
7.4.1 Overview
7.4.2 Europe Polyester: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Europe Polyester: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonness)
7.5 Epoxy
7.5.1 Overview
7.5.2 Europe Epoxy: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.5.3 Europe Epoxy: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonness)
7.6 Others
7.6.1 Overview
7.6.2 Europe Others: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.6.3 Europe Others: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonness)
8. Europe Fiber Reinforced Polymer (FRP) Rebars Market Analysis – Fiber Type
8.1 Overview
8.2 Europe Fiber Reinforced Polymer (FRP) Rebars Market, By Fiber Type (2021 and 2028)
8.3 Glass Fiber Composite
8.3.1 Overview
8.3.2 Europe Glass Fiber Composite: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Carbon Fiber Composite
8.4.1 Overview
8.4.2 Europe Carbon Fiber Composite: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3 Basalt Fiber Composite
8.4.3.1 Overview
8.4.3.2 Europe Basalt Fiber Composite: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Fiber Reinforced Polymer (FRP) Rebars Market Analysis – Application
9.1 Overview
9.2 Europe Fiber Reinforced Polymer (FRP) Rebars Market, By Application (2021 and 2028)
9.3 Highway Bridge and Construction
9.3.1 Overview
9.3.2 Europe Highway Bridge and Construction: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Marine Structures and Waterfronts
9.4.1 Overview
9.4.2 Europe Marine Structures and Waterfronts: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Water Treatment Plants
9.5.1 Overview
9.5.2 Europe Water Treatment Plants: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Europe Others: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Fiber Reinforced Polymer (FRP) Rebars Market – Country Analysis
10.1 Europe: Fiber Reinforced Polymer (FRP) Rebars Market
10.1.1 Overview Europe: Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
10.1.2 Europe: Fiber Reinforced Polymer (FRP) Rebars Market, by Key Country
10.1.2.1 Germany: Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
10.1.2.2 Germany: Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonness)
10.1.2.2.1 Germany: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.2.2.2 Germany: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.2.2.3 Germany: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.2.3 France: Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
10.1.2.4 France: Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonness)
10.1.2.4.1 France: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.2.4.2 France: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.2.4.3 France: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.2.5 UK: Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
10.1.2.6 UK: Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonness)
10.1.2.6.1 UK: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.2.6.2 UK: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.2.6.3 UK: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.2.7 Italy: Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
10.1.2.8 Italy: Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonness)
10.1.2.8.1 Italy: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.2.8.2 Italy: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.2.8.3 Italy: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.2.9 Russia: Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
10.1.2.10 Russia: Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonness)
10.1.2.10.1 Russia: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.2.10.2 Russia: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.2.10.3 Russia: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.2.11 Rest of Europe: Fiber Reinforced Polymer (FRP) Rebars Market –Revenue and Forecast to 2028 (US$ Million)
10.1.2.12 Rest of Europe: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonness)
10.1.2.12.1 Rest of Europe: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.2.12.2 Rest of Europe: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.2.12.3 Rest of Europe: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Partnership Strategy
12. Company Profiles
12.1 Owens Corning
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Pultron Composites
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 FiRep Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Schock Bauteile GmbH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Dextra Group
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Development
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
Table 1. Europe Fiber Reinforced Polymer (FRP) Rebars Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Fiber Reinforced Polymer (FRP) Rebars Market –Revenue and Forecast to 2028 (Tonnes)
Table 3. Europe Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)
Table 4. Europe Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonness)
Table 5. Europe Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Europe Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. Germany Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)
Table 8. Germany Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonness)
Table 9. Germany Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Germany Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. France Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)
Table 12. France Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonness)
Table 13. France Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)
Table 14. France Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 15. UK Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)
Table 16. UK Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonness)
Table 17. UK Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)
Table 18. UK Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 19. Italy Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)
Table 20. Italy Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonness)
Table 21. Italy Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)
Table 22. Italy Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 23. Russia Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)
Table 24. Russia Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonness)
Table 25. Russia Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)
Table 26. Russia Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 27. Rest of Europe Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)
Table 28. Rest of Europe Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonness)
Table 29. Rest of Europe Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)
Table 30. Rest of Europe Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 31. Glossary of Terms, Fiber Reinforced Polymer (FRP) Rebars Market
Figure 1. Europe Fiber Reinforced Polymer (FRP) Rebars Market Segmentation
Figure 2. Europe Fiber Reinforced Polymer (FRP) Rebars Market Segmentation – By Country
Figure 3. Europe Fiber Reinforced Polymer (FRP) Rebars Market Overview
Figure 4. Europe Fiber Reinforced Polymer (FRP) Rebars Market, By Fiber Type
Figure 5. Europe Fiber Reinforced Polymer (FRP) Rebars Market, By Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Europe Fiber Reinforced Polymer (FRP) Rebars Market – Ecosystem
Figure 9. Europe Fiber Reinforced Polymer (FRP) Rebars Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (Tonnes)
Figure 12. Europe: Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, by Resin Type (2021 and 2028)
Figure 13. Europe Vinyl Ester: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Europe Vinyl Ester: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonness)
Figure 15. Europe Polyester: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Europe Polyester: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonness)
Figure 17. Europe Epoxy: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Europe Epoxy: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonness)
Figure 19. Europe Others: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Europe Others: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonness)
Figure 21. Europe: Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, by Fiber Type (2021 and 2028)
Figure 22. Europe Glass Fiber Composite: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Europe Carbon Fiber Composite: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Europe Basalt Fiber Composite: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Europe: Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, by Application (2021 and 2028)
Figure 26. Europe Highway Bridge and Construction: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Europe Marine Structures and Waterfronts: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Europe Water Treatment Plants: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Europe Others: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 30. Overview Europe: Fiber Reinforced Polymer (FRP) Rebars Market– Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe: Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, by Key Country (2021 and 2028)
Figure 32. Germany: Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
Figure 33. Germany: Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonness)
Figure 34. France: Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
Figure 35. France: Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonness)
Figure 36. UK: Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
Figure 37. UK: Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonness)
Figure 38. Italy: Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
Figure 39. Italy: Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonness)
Figure 40. Russia: Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
Figure 41. Russia: Fiber Reinforced Polymer (FRP) Rebars Market– Volume and Forecast to 2028 (Tonness)
Figure 42. Rest of Europe: Fiber Reinforced Polymer (FRP) Rebars Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of Europe: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonness)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe fiber reinforced polymer (FRP) rebars market.
● Highlights key business priorities in order to assist companies to realign their business strategies.
● The key findings and recommendations highlight crucial progressive industry trends in Europe fiber reinforced polymer (FRP) rebars market, thereby allowing players across the value chain to develop effective long-term strategies.
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
● Owens Corning
● Pultron Composites
● FiRep Inc.
● Schock Bauteile GmbH
● Dextra Group
At 10.1% CAGR, the Europe Fiber Reinforced Polymer (FRP) Rebars Market is speculated to be worth US$ 71.16 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Europe fiber reinforced polymer (FRP) rebars market was valued at US$ 39.98 million in 2022 and is expected to reach US$ 71.16 million by 2028, registering a CAGR of 10.1% from 2022 to 2028. Increasing application of FRP rebars in construction and increasing demand for lightweight, high strength, and non-corrosive rebars are the critical factors attributed to the market expansion.
The construction industry is always searching for better alternatives to traditionally used materials like wood, steel, and aluminum. Fiber reinforced polymer (FRP) composite material is emerging as a viable alternative for various infrastructure and building projects. FRP rebars are resistant to a wide range of chemicals and are not affected by oxidation or corrosion. For instance, fiberglass rebar can withstand harsh weather conditions, continuous rain, and water submerged conditions. FRP’s durability makes it a preferred choice for many outdoor construction projects as they are easy to cut, shape, and install. Moreover, their minimal maintenance requirements lower overall construction costs. Around the regional, many more advanced countries rely on green construction methods to save resources and provide buildings with long service life. Thus, fiber-reinforced polymer rebars are becoming increasingly popular in constructing infrastructure, large structures, and commercial buildings. Furthermore, rising global construction spending and acceptance of FRP rebars for reinforcement purposes are projected to drive its demand in the construction industry. FRP rebars bond easily with concrete irrespective of pH, moisture, and other external factors. Advanced thermal compatibility also offers zero stress while responding to temperature changes, which is expected to influence the FRP rebar market over the forecast period positively. Additional advantages of FRP rebars include excellent quality control with reduced transportation costs which is slated to favor its demand in the construction industry and is driving the market growth.
On the contrary, durability issues in FRP rebars hampers market Europe fiber reinforced polymer (FRP) rebars market.
Based on resin type, the market is segmented into vinyl ester, polyester, epoxy, and others. The vinyl ester segment held 42.56% market share in 2022, amassing US$ 17.02 million. It is projected to garner US$ 30.84 million by 2028 to expand at 10.4% CAGR during 2022–2028. Based on fiber type, the market is segmented into glass fiber composites, carbon fiber composites, and basalt fiber composites. The glass fiber composites segment held 69.88% market share in 2022, amassing US$ 27.94 million. It is projected to garner US$ 50.33 million by 2028 to expand at 10.3% CAGR during 2022–2028 Based on application, the market is segmented into highway bridge and construction, marine structures and waterfronts, water treatment plants and others. The highway bridge and construction segment held 49.48% market share in 2022, amassing US$ 19.79 million. It is projected to garner US$ 36.72 million by 2028 to expand at 10.9% CAGR during 2022–2028. Based on country, the Europe fiber reinforced polymer (FRP) rebars market has been categorized into Germany, France, Italy, Spain, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 27.07% market share in 2022. It was assessed at US$ 10.82 million in 2022 and is likely to hit US$ 17.84 million by 2028, exhibiting a CAGR of 8.7% during the forecast period.
Key players dominating the Europe fiber reinforced polymer (FRP) rebars market are Owens Corning; Pultron Composites; FiRep Inc.; Schock Bauteile GmbH; and Dextra Group.
In 2021; Owens Corning’s infrastructure solutions business launched MATEENBAR Fiberglas Rebar to strengthen its position in the U.S. composites industry.
In 2022; Owens Corning established a joint venturing agreement with Pultron Composites Ltd., a manufacturer of the fiber-reinforced pultrusion to build its composite materials’ manufacturing capabilities. The agreement help company in increasing its PINKBAR+ Fiberglas Rebar and MATEENBAR Fiberglas Rebar Products reach in the U.S. market.
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