The demand for fiberglass rebar is expected to remain high in 2023.The FRP Rebar Market is projected to reach US$ 421.02 Million by 2028 from an estimated value of US$ 215.88 Million in 2021. It is estimated to grow at a CAGR of 10.2% from 2022 to 2028. This makes it an attractive option for companies looking to diversify their product range and capitalize on the growing need for corrosion-resistant reinforcement.
Fiberglass rebar is being used in a variety of structural applications, from bridges to buildings. The properties that make it ideal for long-term performance and protection against corrosion mean that it will continue to be used in many of these areas in the coming years. Additionally, its lightweight characteristics make it ideal for applications where weight is a consideration, such as elevated structures and marine applications.
In terms of trends to look out for in the coming years, one key area that fiberglass rebar can be used in is concrete strengthening. Its corrosion-resistant properties make it an ideal material to use when reinforcing existing structures, such as bridges and buildings. As the demand for infrastructure renewal increases, there is likely to be a rise in the use of fiberglass rebar to strengthen these structures.
Fiberglass rebar will also be used increasingly in underground applications where corrosion can be an issue. Its ability to resist corrosion means that it can provide long-term protection for underground pipes and conduits. This makes it particularly useful for water, sewerage, and powerline applications.
In addition to these uses, fiberglass rebar is also an ideal material for use in the construction of marine structures. Its non-corrosive properties make it suitable for use in saltwater environments, where traditional steel rebar may not be able to stand up to the corrosive environment. This makes fiberglass rebar particularly useful for docks, piers, and other marine structures.
Looking ahead to 2023, it is expected that fiberglass rebar will continue to gain popularity in civil engineering applications due to its high strength-to-weight ratio and non-corrosive properties. Increasingly stringent environmental regulations and a need for lighter infrastructure may lead to further adoption of this material over traditional steel rebar. With the right marketing techniques, businesses can capitalize on these trends to meet the increasing demand for fiberglass rebar applications in 2023 and beyond.
Furthermore, as technology advances, new applications for fiberglass rebar are being developed. For instance, some researchers have suggested that fiberglass rebar could be used in bridge decks and façades to improve the structure’s durability and longevity. In addition, fiberglass rebar can also be used as a sustainable alternative to steel in industrial projects such as offshore wind turbines and oil rigs. The non-corrosive properties of fiberglass make it a great candidate for these projects due to its resistance against rust and other harsh weather conditions.
Not only is fiberglass rebar more durable than steel, but it is also lighter in weight, allowing for easier installation and transportation. This means that businesses may be able to save on labor costs since fiberglass rebar requires less manpower to install.
Looking into the future, fiberglass rebar is expected to be in high demand by 2023 due to its versatile applications and long-term cost savings. As industries look for more sustainable materials and better ways to strengthen their projects, fiberglass rebar could become the go-to choice. Common applications for fiberglass rebar in the future include infrastructure projects, parking garages, retaining walls, and bridges. For more information about fiberglass rebar products or licensing contact TUF-BAR today.