GFRP Rebar Companies

The GFRP rebar market is projected to grow from USD 0.54 billion in 2025 to USD 0.95 billion by 2030, at a CAGR of 12.1% during the forecast period.

The GFRP rebar market is strongly driven by the increasing demand for infrastructure development and the growing adoption of corrosion-resistant, lightweight alternatives to traditional steel rebar. The growing shift toward eco-friendly solutions has increased the demand for GFRP rebar in the construction industry, as GFRP rebar offers a lower carbon footprint, non-corrosive properties, and reduced lifecycle costs. Beyond its mechanical properties, advancements in manufacturing technologies have also improved the product quality and decreased costs, further enhancing its adoption in various applications. In countries such as the US, Canada, Japan, and several European Union member states, regulatory agencies and transportation authorities have begun to approve or even mandate the use of non-corrosive products such as GFRP rebar in critical infrastructure projects, including tunnels, marine structures, and bridges. As infrastructure investments continue to rise due to rapid urbanization, the demand for sustainable and long-lasting construction materials is likely to increase in the future.

GFRP Rebar Companies

Some of the major manufacturers operating in the GFRP rebar market are Dextra Group (Thailand), Schöck Bauteile GmbH (Germany), Pultron Composites (New Zealand), Sireg S.P.A. (Italy), Pultrall Inc. (Canada), KODIAK Fiberglass Rebar (US), Neuvokas Corporation (US), Röchling (Germany), ARC Insulations & Insulator Ltd. (India), Jindal Advanced Materials (India), SKD Composite (India), Galen LLC (Russia), Fibrolux (Germany), FRT TUF-BAR (Canada), and Armastek (Russia).

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Many of the major players have been adopting various growth strategies to strengthen their position in the market. These growth strategies include agreements, product launches, contracts, collaborations, mergers & acquisitions, partnerships, and research & development activities, aiming to expand their presence in the GFRP rebar market even further.

Dextra Group (Thailand)

Dextra Group is a world leader in the production of GFRP rebar, providing innovative products such as ASTEC and Durabar with high tensile strength, low weight, and corrosion-resistant substitutes for conventional steel reinforcement. With more than 30 years of experience in thousands of large infrastructure projects globally for both new buildings and strengthening structures, Dextra has provided GFRP products. The firm has wholly owned, ISO-certified manufacturing plants in Thailand, China, and India, with tight quality control and door-to-door delivery across continents.

Pultron Composites (New Zealand)

Pultron Composites, founded in 1981 and based in Gisborne, New Zealand, is a world leader in the GFRP rebar industry with expertise in designing and producing high-performance GFRP composites utilizing sophisticated pultrusion technology. The company’s trademark product is the Mateenbar. Pultron Composites offers long-lasting, corrosion-proof, and environmentally friendly alternatives to steel reinforcement, catering to infrastructure, marine, and industrial markets globally. With its high emphasis on innovation and tailored solutions, the company’s GFRP rebar is utilized in large-scale construction projects in over 20 countries and is praised for its conformity to international standards and capacity to lengthen the lifespan of concrete structures in hostile environments.

Pultrall Inc. (Canada)

Pultrall Inc., established in 1987 and headquartered in Thetford Mines, Canada, is a manufacturer of composite material components via the pultrusion process with emphasis on the GFRP rebar market through its patented product, V-ROD. The product consists of high-strength glass fibers blended with a corrosion-resistant vinyl ester resin, providing higher tensile strength, light handling (four times lighter than steel), and superior durability in severe chemical and alkaline conditions. The success of V-ROD has been a key driving force for Pultrall Inc., which has been able to double its sales since 2005, backed by innovations such as a continuous bar coating process that provides a roughened surface for improved concrete bonding. Its dominant market position has also been strengthened by recent strategic investments to drive growth and increase its presence in the global GFRP rebar market.

GFRP REBAR MARKET: MARKET RANKING

The GFRP rebar market is fragmented, with the top five players accounting for around 15–20% of the market share, which indicates that there are many regional players operating within this emerging market. Dextra Group, a Thailand-based entity, leads the market through its high-quality GFRP rebar products, which find extensive application in international infrastructure projects. Other prominent companies in the GFRP rebar market include Pultron Composites and Armastek. These companies have made significant progress in offering competitive products and solutions to meet various GFRP rebar applications and needs. Companies such as Pultrall Inc. and Schöck Bauteile GmbH are helping diversify the GFRP rebar market as these companies are pioneering advanced technologies and increasing their manufacturing capacity, which in turn, will also support the growth of the overall GFRP rebar sector.

Related Reports:

GFRP Rebar Market by Resin Type (Vinyl Ester, Epoxy), Diameter (< 10 mm, 10–20 mm, > 20 mm), Tensile Strength (Low strength (<1000 MPa), High Strength (> 1000 MPa)), Application (Highway, Bridges & Buildings, Marine Structure & Waterfront, Water Treatment Plants) & Region - Global Forecast to 2030