Metro tunnelling driving demand for FRP
The Indian Fiber-Reinforced Polymer (FRP) Rebar Market is undergoing a significant transformation, with a projected growth at a CAGR of 17.3% from 2024 to 2030 which can be attributed to the Indian government’s proactive measures to enhance the nation’s infrastructure, according to an industry report https://indsteel.org/.
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 which drive the demand growth, according to the “India FRP Rebar Market Outlook” report.
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 FRP rebars.
“These rebars are known for their durability and corrosion resistance, essential for building long-lasting infrastructure,” said the report, added to ResearchAndMarkets offerings on 27 Feb.
According to the report, demand analysis indicates that 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,” said the report.
Metro tunnelling emerges as a leading application sector driving demand for FRP rebars as urban centres expand their metro infrastructure, added the report https://www.agnifrp.com/.
“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.”
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, said the report.
Players in the industry are:
Fiber Boards Pvt Ltd;
ARC Insulations & Insulator (P) Ltd;
Plurimo Pultrusion And Composite Private Limited;
Everest Composites Pvt Ltd. Fiinews.com
