South America Fiber Reinforced Polymer (FRP) Rebars Market Forecast to 2028

South America Fiber Reinforced Polymer (FRP) Rebars Market Forecast to 2028

South America Fiber Reinforced Polymer (FRP) Rebars Market Forecast to 2028 – Regional Analysis – by Resin Type (Vinyl Ester, Polyester, Epoxy, and Others), Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, and Basalt Fiber Composites), and Application (Highway Bridge and Construction, Marine Structures and Waterfronts, Water Treatment Plants, and Others)

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Description

The South America Fiber Reinforced Polymer (FRP) rebars market was valued at US$ 16.14 million in 2022 and is expected to reach US$ 22.89 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2022 to 2028.

Strategic Development Initiatives by Manufacturers Fuel the South America Fiber Reinforced Polymer (FRP) Rebars Market

Manufacturers of FRP rebars are investing in strategic development initiatives such as product innovation, mergers, and acquisitions to expand their customer base and meet emerging consumer trends. Manufacturers’ acquisitions and expansion plans help companies expand their reach and gain a competitive edge in international markets.

Major manufacturers are employing creative strategies such as business expansion and production capacity scaleup to serve their customers better and satisfy their growing demands. For instance, in June 2017, Aslan FRP, Hughes Brothers Inc.’s concrete reinforcing division, was purchased by Owens Corning. Aslan FRP manufactures and sells composite rebars reinforced with glass and carbon fiber, strengthening concrete in new and restored infrastructure projects, including bridges, tunnels, and maritime constructions. With this acquisition, the company increased and widened its geographic position in the FRP rebars market. Such initiatives by manufacturers drive the demand for FRP rebars and are further expected to bring new trends to the market during the forecast period.

South America Fiber Reinforced Polymer (FRP) Rebars Market Overview

The South America Fiber Reinforced Polymer (FRP) Rebars market comprises of Brazil, Argentina, and the Rest of South America. The South and Central America segment is dominated by the highway bridge and constructions segment. The region is mainly involved in increased construction activities and water treatment plants. The region is a little unaware of the Fiber Reinforced Polymer (FRP) Rebars advantages. Because of its high cost they have not been able to adapt the technology completely. Still, in the coming years the region is slowly adapting to it and has even began using it in its construction activities. Moreover, Fiber Reinforced Polymer (FRP) Rebars is resistant to a wide range of chemicals and is corrosion and oxidation free, which creates more opportunities for Fiber Reinforced Polymer (FRP) Rebars to grow in the region.

South America Fiber Reinforced Polymer (FRP) Rebars Market Revenue and Forecast to 2028 (US$ Million)

South America Fiber Reinforced Polymer (FRP) Rebars Market Segmentation

The South America Fiber Reinforced Polymer (FRP) rebars market is segmented based on resin type, fiber type, application, and country. Based on resin type, the South America Fiber Reinforced Polymer (FRP) rebars market is segmented into vinyl ester, polyester, epoxy, and others. The vinyl ester segment held the largest market share in 2022.

Based on fiber type, the South America Fiber Reinforced Polymer (FRP) rebars market is segmented into glass fiber composites, carbon fiber composites, and basalt fiber composites. The glass fiber composites segment held the largest market share in 2022.

Based on application, the South America Fiber Reinforced Polymer (FRP) rebars market is segmented into highway bridge and construction, marine structures and waterfronts, water treatment plants, and others. The highway bridge and construction segment held the largest market share in 2022.

Based on country, the South America Fiber Reinforced Polymer (FRP) rebars market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America Fiber Reinforced Polymer (FRP) rebars market share in 2022.

Owens Corning, Dextra Group, Composite Group Chelyabinsk, and Sireg Geotech S.r.l are some of the leading companies operating in the South America Fiber Reinforced Polymer (FRP) rebars market.

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At 6.0% CAGR, the South America Fiber Reinforced Polymer (FRP) Rebars Market is Speculated to be worth US$ 22.89 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the South America Fiber Reinforced Polymer (FRP) rebars market was valued at US$ 16.14 million in 2022 and is expected to reach US$ 22.89 million by 2028, registering a CAGR of 6.0% from 2022 to 2028. Increasing application of FRP rebars in construction and increasing demand for lightweight, high strength, and non-corrosive rebars are the critical factors attributed to the South America Fiber Reinforced Polymer (FRP) rebars market expansion.

Water treatment plants are subjected to continuous exposure to chloride content in water, causing steel corrosion. Corrosion-resistant FRP rebars are broadly used in water treatment plants, including potable water tanks, refinery reservoirs, sewage treatment facilities, acid ponds, and gold and salt mines. The products, unlike corroded reinforcement, prevent harmful materials from leaching into soil and groundwater. Moreover, highly durable FRP rebar with leakage control and crack control properties acts as an ideal reinforcement for underwater applications. Fiber-reinforced polymer (FRP) rebars, specifically glass fiber-reinforced polymer (GFRP) composites, have become popular for replacing aluminum, stainless steel, and steel in water and wastewater applications. FRP rebars are used to reinforce underwater pipelines and waterside platforms’ structural parts. Besides that, the FRP rebar is completely tolerant to the detrimental effect of chloride ions. Additionally, it has high tensile strength, making it applicable for marine or coastal concrete projects, such as constructing wharves, fending groins, diaphragm walls, or water purifying facilities. Furthermore, according to the American Society of Civil Engineers (ASCE), in 2018, 240 million Americans, i.e., 76% of the population, relied on the 14,748 treatment plants for wastewater sanitation. By 2032, it is expected that 56 million more people will connect to centralized treatment plants rather than private septic systems. Thus, increasing water treatment plants in the region is expected to further create a huge opportunity for the South America FRP rebars market in the forecast period. This is expected to drive the South America Fiber Reinforced Polymer (FRP) rebars market during the forecast period.

On the contrary, durability issues in FRP rebars hurdles the growth of South America Fiber Reinforced Polymer (FRP) rebars market.

Based on resin type, the South America Fiber Reinforced Polymer (FRP) rebars market is categorized into vinyl ester, polyester, epoxy, and others. The vinyl ester segment held 42.7% market share in 2022, amassing US$ 6.90 million. It is projected to garner US$ 9.95 million by 2028 to expand at 6.3% CAGR during 2022-2028.

Based on fiber type, the South America Fiber Reinforced Polymer (FRP) rebars market is categorized into glass fiber composites, carbon fiber composites, and basalt fiber composites. The glass fiber composites segment held 70.1% market share in 2022, amassing US$ 11.30 million. It is projected to garner US$ 16.23 million by 2028 to expand at 6.2% CAGR during 2022-2028.

Based on application, the South America Fiber Reinforced Polymer (FRP) rebars market is categorized into highway bridge and construction, marine structures and waterfronts, water treatment plants, and others. The highway bridge and construction segment held 49.7% share of South America Fiber Reinforced Polymer (FRP) rebars market in 2022, amassing US$ 8.01 million. It is projected to garner US$ 11.85 million by 2028 to expand at 6.7% CAGR during 2022-2028.

Based on country, the South America Fiber Reinforced Polymer (FRP) rebars market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 45.7% share of South America Fiber Reinforced Polymer (FRP) rebars market in 2022. It was assessed at US$ 7.37 million in 2022 and is likely to hit US$ 11.29 million by 2028, exhibiting a CAGR of 7.4% during 2022-2028.

Key players operating in the South America Fiber Reinforced Polymer (FRP) rebars market are Owens Corning, Dextra Group, Composite Group Chelyabinsk, and Sireg Geotech S.r.l, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America Fiber Reinforced Polymer (FRP) Rebars Market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the South America Fiber Reinforced Polymer (FRP) Rebars Market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth South America market trends and outlook coupled with the factors driving the Fiber Reinforced Polymer (FRP) Rebars Market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. South America Fiber Reinforced Polymer (FRP) Rebars Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.5 List of Potential Customers
5. South America Fiber Reinforced Polymer (FRP) Rebars Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Application of FRP Rebars in Construction
5.1.2 Increasing Demand for Lightweight, High Strength, and Non-Corrosive Rebars
5.2 Market Restraints
5.2.1 Durability Issues in FRP Rebars
5.3 Market Opportunities
5.3.1 Rising Adoption of FRP Rebars in Water Treatment Plants
5.4 Future Trends
5.4.1 Strategic Development Initiatives by Manufacturers
5.5 Impact Analysis of Drivers and Restraint
6. Fiber Reinforced Polymer (FRP) Rebars Market – South America Market Analysis
6.1 Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028
7. South America Fiber Reinforced Polymer (FRP) Rebars Market Analysis – By Resin Type
7.1 Overview
7.2 Fiber Reinforced Polymer (FRP) Rebars Market, By Resin Type (2021 and 2028)
7.3 Vinyl Ester
7.3.1 Overview
7.3.2 Vinyl Ester: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Vinyl Ester: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonnes)
7.4 Polyester
7.4.1 Overview
7.4.2 Polyester: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Polyester: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonnes)
7.5 Epoxy
7.5.1 Overview
7.5.2 Epoxy: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.5.3 Epoxy: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonnes)
7.6 Others
7.6.1 Overview
7.6.2 Others: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.6.3 Others: Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonnes)
8. South America Fiber Reinforced Polymer (FRP) Rebars Market Analysis – Fiber Type
8.1 Overview
8.2 Fiber Reinforced Polymer (FRP) Rebars Market, By Fiber Type (2021 and 2028)
8.3 Glass Fiber Composite
8.3.1 Overview
8.3.2 Glass Fiber Composite: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Carbon Fiber Composite
8.4.1 Overview
8.4.2 Carbon Fiber Composite: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3 Basalt Fiber Composite
8.4.3.1 Overview
8.4.3.2 Basalt Fiber Composite: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9. South America Fiber Reinforced Polymer (FRP) Rebars Market Analysis – Application
9.1 Overview
9.2 Fiber Reinforced Polymer (FRP) Rebars Market, By Application (2021 and 2028)
9.3 Highway Bridge and Construction
9.3.1 Overview
9.3.2 Highway Bridge and Construction: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Marine Structures and Waterfronts
9.4.1 Overview
9.4.2 Marine Structures and Waterfronts: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Water Treatment Plants
9.5.1 Overview
9.5.2 Water Treatment Plants: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
10. South America Fiber Reinforced Polymer (FRP) Rebars Market – Country Analysis
10.1 South America: Fiber Reinforced Polymer (FRP) Rebars Market
10.1.1 South America: Fiber Reinforced Polymer (FRP) Rebars Market, by Key Country
10.1.1.1 Brazil: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.2 Brazil: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
10.1.1.2.1 Brazil: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.2.2 Brazil: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.1.2.3 Brazil: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.1.3 Argentina: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.4 Argentina: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
10.1.1.4.1 Argentina: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.4.2 Argentina: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.1.4.3 Argentina: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.1.5 Rest of South America: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.6 Rest of South America: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
10.1.1.6.1 Rest of South America: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.6.2 Rest of South America: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.1.6.3 Rest of South America: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Partnership Strategy
12. Company Profiles
12.1 Owens Corning
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Composite Group Chelyabinsk LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Sireg Geotech SRL
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Dextra Group
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Development
13. Appendix
13.1 About Research Team
13.2 Glossary of Terms

LIST OF TABLES

Table 1. List of Potential Customers
Table 2. South America Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)
Table 4. Brazil Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonnes)
Table 5. Brazil Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Brazil Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. Argentina Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)
Table 8. Argentina Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonnes)
Table 9. Argentina Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Argentina Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of South and Central America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of South America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonnes)
Table 13. Rest of South America Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)
Table 14. Rest of South America Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 15. Glossary of Terms, Fiber Reinforced Polymer (FRP) Rebars Market

LIST OF FIGURES

Figure 1. South America Fiber Reinforced Polymer (FRP) Rebars Market Segmentation
Figure 2. South America Fiber Reinforced Polymer (FRP) Rebars Market Segmentation – By Country
Figure 3. South America Fiber Reinforced Polymer (FRP) Rebars Market Overview
Figure 4. South America Fiber Reinforced Polymer (FRP) Rebars Market, By Fiber Type
Figure 5. Fiber Reinforced Polymer (FRP) Rebars Market, By Geography
Figure 6. South America Porter’s Five Forces Analysis
Figure 7. South America Expert Opinion
Figure 8. South America Fiber Reinforced Polymer (FRP) Rebars Market – Ecosystem
Figure 9. South America Fiber Reinforced Polymer (FRP) Rebars Market Impact Analysis of Drivers and Restraints
Figure 10. South America: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. South America Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, By Resin Type (2021 and 2028)
Figure 12. Vinyl Ester: South America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Vinyl Ester: South America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonnes)
Figure 14. Polyester: South America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Polyester: South America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonnes)
Figure 16. Epoxy: South America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Epoxy: South America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonnes)
Figure 18. Others: South America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: South America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonnes)
Figure 20. South America Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, By Fiber Type (2021 and 2028)
Figure 21. Glass Fiber Composite: South America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Carbon Fiber Composite: South America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Basalt Fiber Composite: South America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. South America Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, By Application (2021 and 2028)
Figure 25. Highway Bridge and Construction: South America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Marine Structures and Waterfronts: South America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Water Treatment Plants: South America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Others: South America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. South America: Fiber Reinforced Polymer (FRP) Rebars Market, by Key Country – Revenue (2021) (US$ Million)
Figure 30. South America: Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. Brazil: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. Brazil: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
Figure 33. Argentina: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. Argentina: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
Figure 35. Rest of South America: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of South America: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)

The List of Companies – South America Fiber Reinforced Polymer (FRP) Rebars Market

o Owens Corning
o Dextra Group
o Composite Group Chelyabinsk
o Sireg Geotech S.r.l.

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