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The Worldwide FRP Rebar Industry is Expected to Reach $344 Million by 2026 at a CAGR of 13% from 2021 News provided by Share this article Share this article ResearchAndMarkets.com s offering. The global FRP rebar market is expected to grow from USD 186 million in 2021 to USD 344 million by 2026, at a CAGR of 13.0% during the forecast period. Increasing demand from the construction industry is driving the growth of the market. These FRP rebars are used in construction of roads, bridges, buildings, highways, marine structures, waterfronts, water treatment plants, MRI rooms, ATC, parking structures, salt storage facilities, chemical plants, and smelters. However, the negative impact of the COVID-19 pandemic on the construction sector has affected the FRP rebar market adversely.

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