Indian FRP Rebar Market Report 2024: Robust Growth Driven by Infrastructure Investments and Government Initiatives - Outlook to 2030 - ResearchAndMarkets.com

The "India FRP Rebar Market Outlook | Analysis, Size, Companies, Share, Revenue, Industry, Trends, Value, Forecast & Growth: Market Forecast By Fiber Type, By Resin Type, By Application, By Region And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

The Indian FRP Rebar Market is undergoing a significant transformation, with a projected growth at a CAGR of 17.3% from 2024 to 2030.

This comprehensive report provides historical data, forecasts, and market segmentation details, illuminating the various factors influencing the India FRP Rebar Market. It also addresses market dynamics, including the key performance indicators, market volume share by players, and strategic recommendations that will shape the market's future. Through this research, industry stakeholders can gauge the market pulse and tailor their strategies to the evolving market landscape.

The market's accelerated growth trajectory can be largely attributed to the Indian government's proactive measures to enhance the nation’s infrastructure. Several ambitious projects, including the Bharatmala Pariyojna and the Sagarmala project, reflect the central government's focus on improving the connectivity and efficiency of road and maritime transportation systems within the country.

Investing in the Future

With a strategic allocation of 18% of national capital expenditure towards road and highway advancements in the National Infrastructure Pipeline (NIP) for FY 2019-2025, and a significant portion of the Union Budget of 2025-2026 dedicated to Ministry of Road Transport and Highways, the surge in funding is sparking further interest in the usage of Fiber-Reinforced Polymer (FRP) rebars. These rebars are known for their durability and corrosion resistance, essential for building long-lasting infrastructure.

Material and Regional Prospects

Analysis indicates glass fiber reinforced polymer (GFRP) rebars holding a preeminent position in the market, due to their cost-effectiveness and utility in key infrastructure projects. The North region of India is identified as the prime market segment, thanks to a flurry of development including highways, bridges, and metro systems, especially in burgeoning metropolitan areas like Delhi NCR.

Applications and Trends

Metro tunnelling emerges as a leading application sector driving demand for FRP rebars as urban centers expand their metro infrastructure. The substantial investment in metro rail systems is anticipated to bolster the demand for advanced and resilient construction materials, with FRP rebars being at the forefront due to their ability to combat corrosion and reduce long-term maintenance costs.

Commitment to Sustainable Infrastructure

The heightened demand for FRP rebars encapsulates India's dedicated approach to developing sustainable and resilient infrastructure. It not only reflects the country's commitment to progressive construction practices but also its acknowledgment of the crucial role that high-performance materials play in ensuring the longevity and integrity of its infrastructure against the elements.

Companies Featured

• Fiber Boards Pvt Ltd
• ARC Insulations & Insulator (P) Ltd.
• MRG-Composite
• Dextra India
• FIBAR
• Plurimo Pultrusion And Composite Private Limited
• Jindal Advanced Materials
• 7 Star GFRP
• Everest Composites Pvt. Ltd.

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