U.S. glass fiber reinforced polymer rebar Market Expected to Reach $101.4 million by 2033 - Allied Market Research

According to a new report published by Allied Market Research, titled, " U.S. Glass Fiber Reinforced Polymer Rebar Market by Resin Type and Application: Opportunity Analysis and industry forecast, 2023–2032”, the U.S. glass fiber reinforced polymer rebar market size was valued at $30.6 million in 2023, and is projected to reach $101.4 million by 2033, registering a CAGR of 10.8% from 2024 to 2033.

Introduction

Glass fiber reinforced polymer (GFRP) rebar, also known as fiberglass rebar, is a type of reinforcement material used during construction, particularly in reinforced concrete structures. This material exhibits high tensile strength and corrosion resistance that makes it an excellent alternative to traditional steel reinforcement bars (rebar) in environments where corrosion is a concern such as marine or chemical environments. GFRP rebar is lightweight, non-magnetic, and does not conduct electricity, which offers advantages in certain applications such as bridges, marine structures, and buildings where durability and longevity are key considerations.

Market Dynamics

Surge in emphasis on sustainable construction practices has significantly fueled the demand for glass fiber reinforced polymer (GFRP) rebar in the U.S. As environmental concerns continue to mount, the construction industry is increasingly seeking alternative materials that offer both structural integrity and eco-friendliness. GFRP rebar is preferred in this context due to its unique set of properties that align with sustainability objectives. Moreover, GFRP rebar is inherently lighter than steel, which incurs lower transportation costs and reduced carbon emissions associated with construction activities. All these factors are expected to drive the demand for the U.S. glass fiber reinforced polymer rebar market during the forecast period.

The cost considerations play a significant role that boosts the wider adoption of GFRP rebar. While GFRP rebar offers long-term cost savings due to its durability and resistance to corrosion, the initial upfront cost is higher than that of traditional steel rebar. This cost disparity deters stakeholders from investing in GFRP reinforcement, particularly in projects where short-term budget constraints take precedence over long-term benefits. All these factors hamper the U.S. glass fiber reinforced polymer rebar market growth.

In transportation projects such as bridges and tunnels, where exposure to harsh environmental conditions is common, GFRP rebar's resistance to corrosion provides a distinct advantage over traditional steel rebar. This resistance reduces maintenance costs and enhances the structural integrity and safety of critical infrastructure. Moreover, the lightweight nature of GFRP rebar facilitates easier handling and installation, potentially accelerating construction timelines and reducing labor costs. All these factors are anticipated to offer new growth opportunities for U.S. glass fiber reinforced polymer rebar market during the forecast period.

Segments Overview

The U.S. glass fiber reinforced polymer rebar market is segmented into resin type, application, and region. On the basis of the resin type, the market is classified as vinyl ester, epoxy, and others. On the basis of application, the market is categorized into residential buildings, non-residential buildings, public construction, oil & gas wells, and others. Region wise, the U.S. glass fiber reinforced polymer rebar market share is analyzed across Northeast, South, Midwest, and Rest of U.S.

Competitive Analysis

Key players in the U.S. glass fiber reinforced polymer rebar market include Dextra Group, Kodiak Fiberglass Rebar, Mateenbar Limited, Nycon, Owens Corning, Röchling, SFTec Inc., SIREG USA Inc., American Fiberglass Rebar, and GatorBar.

Key Findings of the Study

• According to U.S. glass fiber reinforced polymer rebar market analysis, by resin type, the Vinyl ester segment was the highest revenue contributor in 2023.
• By application, the public construction segment was the highest revenue contributor in 2023.
• Based on region, Rest of U.S. was the highest revenue contributor in 2023, growing with a CAGR of 10.9%.

Key regulations on the U.S. glass fiber reinforced polymer rebar

ASTM (American Society for Testing and Materials) standards are relevant to glass fiber reinforced polymer (GFRP) rebar in the U.S.:

• ASTM D7205 - standard test method for tensile properties of fiber reinforced polymer matrix composite bars: This standard specifies the procedure for testing the tensile properties of GFRP rebar, including tensile strength, modulus of elasticity, and elongation.
• ASTM D7565 - standard test method for determining tensile properties of fiber reinforced polymer matrix composites used for strengthening of civil structures: This standard focuses on the tensile properties of GFRP composites specifically used for strengthening civil structures such as bridges and buildings.
• ASTM D7913 - standard test method for bond strength of fiber-reinforced polymer matrix composite bars to concrete by pullout testing: This standard outlines the procedure for evaluating the bond strength between GFRP rebar and concrete through pullout testing, which is essential for assessing the effectiveness of GFRP reinforcement in concrete structures.
• ASTM D8053 - standard guide for determining the properties of GFRP rebar for use in concrete structural applications: This guide provides recommendations for determining the mechanical, physical, and durability properties of GFRP rebar intended for use in concrete structural applications. It covers various aspects such as material characterization, testing methods, and performance criteria.
• ASTM D7957 - standard specification for solid round glass fiber reinforced polymer bars for concrete reinforcement: This specification establishes the requirements for solid round GFRP bars used as reinforcement in concrete structures. It covers dimensions, tolerances, mechanical properties, and other essential characteristics of GFRP rebar.
• ASTM D7207 - standard test method for determining compatibility of GFRP bar with concrete admixtures: This standard provides a method for evaluating the compatibility of GFRP rebar with concrete admixtures, ensuring that the use of admixtures does not adversely affect the performance or durability of the GFRP reinforcement.