India FRP Rebar Market size is projected to grow at a CAGR of 17.3% during 2024-2030

Glass Fiber segment by Fiber Type held the highest revenue share of India FRP Rebar Market -6Wresearch

In 2023, glass fiber holds the predominant revenue share due to its optimal combination of cost, strength, and durability. Glass Fiber-Reinforced Plastic (GFRP) rebars offer a competitive pricing advantage over alternatives like carbon fiber, making them the preferred choice for extensive infrastructure projects. Their superior corrosion resistance and high tensile strength effectively meet the demands of infrastructure developments in harsh environments, such as coastal and industrial areas. Furthermore, the lightweight nature of GFRP rebars contributes to reduced transportation and handling costs, further boosting their adoption. The growing emphasis on cost-effective and sustainable materials in India's infrastructure projects is significantly driving the demand for glass fiber rebars.

According to 6Wresearch, India FRP Rebar Market size is projected to grow at a CAGR of 17.3% during 2024-2030. India FRP Rebar market is set for robust growth, fueled by rising infrastructure activities and a strategic emphasis on sustainable, long-lasting solutions. As India targets a $5 trillion economy by 2025 with continued growth through 2030, major initiatives like Bharatmala and Sagarmala underscore the critical need for corrosion-resistant materials, such as FRP rebars. With planned infrastructure investments of $4.51 trillion, the infrastructure sector is projected to grow at a CAGR of 8.2% by 2027, underscoring its integral role in India’s economic strategy.

Further, the government's National Infrastructure Pipeline, worth $1.4 trillion, alongside the PM Gati Shakti initiative, are key growth drivers. These programs focus on the development of industrial corridors and smart cities, significantly increasing demand for FRP rebars in construction. The railway sector’s plans to expand with over 30,000 km of new lines, gauge conversion, and electrification further highlight the growing need for advanced construction materials, including FRP rebars.

According to Suryakant, Senior Research Analyst, 6Wresearch, Polyester Resin holds the largest revenue and volume share in India FRP Rebar Market due to its cost-effectiveness, excellent corrosion resistance, and high strength-to-weight ratio, making it ideal for construction applications such as bridges, highways, and coastal infrastructure. Additionally, the growing focus on infrastructure development, particularly under government initiatives like Smart Cities and urban renewal projects, has further boosted the demand for Polyester Resin FRP Rebars due to their durability, low maintenance, and ability to withstand harsh environmental conditions.

India FRP Rebar Market (2024-2030) report provides an in-depth analysis with 25 figures and 25 tables, covered in 108 pages. The report thoroughly covers market by fiber types, resin types, applications, and regions. India FRP Rebar Market outlook report provides an unbiased and detailed analysis of the on-going India FRP Rebar Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.