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Middle East & Africa Fiber Reinforced Polymer Rebars Market Forecast to 2028 - Regional Analysis - by Resin Type, Fiber Type and Application

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    Report

  • 104 Pages
  • October 2023
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5912400
UP TO OFF until Dec 31st 2024
The Middle East & Africa Fiber Reinforced Polymer (FRP) rebars market was valued at US$ 26.55 million in 2022 and is expected to reach US$ 46.13 million by 2028; it is estimated to grow at a CAGR of 9.6% from 2022 to 2028.

Increasing Demand for Lightweight, High Strength, and Non-Corrosive Rebars Fuel the Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market

Increasing corrosion issues in conventional reinforcement techniques have enhanced product penetration in the infrastructure repairing industry. FRP rebar is corrosion resistant, where steel will eventually rust and crack the concrete it is supposed to reinforce, which leads to structural life up to 2 times longer when FRP rebar is used. Resistance to corrosion and abrasion, low weight, and high tensile strength are major factors stimulating industry growth. Over 25% of the overall construction failures are due to corrosion. Inefficiency pertaining to steel reinforcement causing concrete failures will positively influence the upgraded non-corrosive construction material adoption.

Though FRP rebars are relatively expensive compared to traditional steel rebars, they cut down the cost of maintenance for any project and provide additional benefits like more strength and easier installation during construction due to their high tensile strength and low weight. Moreover, these rebars are not affected by external factors such as corrosion and harsh environmental conditions, they increase the lifespan of any structure, and maintain structural integrity. Additionally, it is easier to transport and handle. Due to these factors, the demand for lightweight, high-strength, and non-corrosive rebars is increasing and is driving the growth of the Middle East & Africa FRP rebars market.

Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market Overview

The Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars market consists of South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The MEA region is expected to witness a growth in highway bridges and construction segment. Fiber Reinforced Polymer (FRP) construction materials are very lightweight, easy to install, and offer high strength-to-weight ratio and durability. The materials can be customized in an accordance with the required properties such as size, strength, stiffness, and the overall structure. The environmental durability of Fiber Reinforced Polymer (FRP) Rebars allows the bridges to remain corrosion-free and in good condition and shape for a longer period of time, which drives the Fiber Reinforced Polymer (FRP) Rebars market in the region.

Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market Segmentation

The Middle East & Africa Fiber Reinforced Polymer (FRP) rebars market is segmented based on resin type, fiber type, application, and country. Based on resin type, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa Fiber Reinforced Polymer (FRP) rebars market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa Fiber Reinforced Polymer (FRP) rebars market in 2022.

Schöck Bauteile GmbH, Dextra Group, Sireg Geotech S.r.l, and Arab Basalt Fiber Company are some of the leading companies operating in the Middle East & Africa Fiber Reinforced Polymer (FRP) rebars market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 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. Middle East & Africa 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. Middle East & Africa 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 - Middle East & Africa Market Analysis
6.1 Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028
7. Middle East & Africa 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. Middle East & Africa 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
9. Middle East & Africa 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. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Country Analysis
10.1 Middle East & Africa: Fiber Reinforced Polymer (FRP) Rebars Market
10.1.1 Middle East & Africa: Fiber Reinforced Polymer (FRP) Rebars Market, by Key Country
10.1.1.1 South Africa: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.2 South Africa: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
10.1.1.2.1 South Africa: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.2.2 South Africa: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.1.2.3 South Africa: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.1.3 Saudi Arabia: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.4 Saudi Arabia: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
10.1.1.4.1 Saudi Arabia: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.4.2 Saudi Arabia: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.1.4.3 Saudi Arabia: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.1.5 UAE: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.6 UAE: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
10.1.1.6.1 UAE: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.6.2 UAE: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.1.6.3 UAE: Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.1.7 Rest of Middle East & Africa: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.8 Rest of Middle East & Africa: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
10.1.1.8.1 Rest of Middle East & Africa: Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.8.2 Rest of Middle East & Africa: Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.1.8.3 Rest of Middle East & Africa: 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 Schock Bauteile GmbH
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 Dextra Group
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Development
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 Arab Basalt Fiber Co
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
List of Tables
Table 1. List of Potential Customers
Table 2. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type - Revenue and Forecast to 2028 (USD Million)
Table 4. South Africa Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type - Volume and Forecast to 2028 (Tonnes)
Table 5. South Africa Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type - Revenue and Forecast to 2028 (USD Million)
Table 6. South Africa Fiber Reinforced Polymer (FRP) Rebars Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 7. Saudi Arabia Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type - Revenue and Forecast to 2028 (USD Million)
Table 8. Saudi Arabia Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type - Volume and Forecast to 2028 (Tonnes)
Table 9. Saudi Arabia Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type - Revenue and Forecast to 2028 (USD Million)
Table 10. Saudi Arabia Fiber Reinforced Polymer (FRP) Rebars Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 11. UAE Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type - Revenue and Forecast to 2028 (USD Million)
Table 12. UAE Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type - Volume and Forecast to 2028 (Tonnes)
Table 13. UAE Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type - Revenue and Forecast to 2028 (USD Million)
Table 14. UAE Fiber Reinforced Polymer (FRP) Rebars Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 15. Rest of Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type - Revenue and Forecast to 2028 (USD Million)
Table 16. Rest of Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type - Volume and Forecast to 2028 (Tonnes)
Table 17. Rest of Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type - Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 19. Glossary of Terms, Fiber Reinforced Polymer (FRP) Rebars Market
List of Figures
Figure 1. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market Segmentation
Figure 2. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market Segmentation - By Country
Figure 3. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market Overview
Figure 4. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market, By Fiber Type
Figure 5. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market, By Country
Figure 6. Middle East & Africa Porter's Five Forces Analysis
Figure 7. Middle East & Africa Expert Opinion
Figure 8. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Ecosystem
Figure 9. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa: Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, By Resin Type (2021 and 2028)
Figure 12. Vinyl Ester: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast To 2028 (US$ Million)
Figure 13. Vinyl Ester: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Volume and Forecast To 2028 (Tonnes)
Figure 14. Polyester: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. Polyester: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Volume and Forecast To 2028 (Tonnes)
Figure 16. Epoxy: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. Epoxy: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Volume and Forecast To 2028 (Tonnes)
Figure 18. Others: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Volume and Forecast To 2028 (Tonnes)
Figure 20. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, By Fiber Type (2021 and 2028)
Figure 21. Glass Fiber Composite: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast To 2028 (US$ Million)
Figure 22. Carbon Fiber Composite: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. Basalt Fiber Composite: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast To 2028 (US$ Million)
Figure 24. Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, By Application (2021 and 2028)
Figure 25. Highway Bridge and Construction: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast To 2028 (US$ Million)
Figure 26. Marine Structures and Waterfronts: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast To 2028 (US$ Million)
Figure 27. Water Treatment Plants: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast To 2028 (US$ Million)
Figure 28. Others: Middle East & Africa Fiber Reinforced Polymer (FRP) Rebars Market - Revenue and Forecast To 2028 (US$ Million)
Figure 29. Middle East & Africa: Fiber Reinforced Polymer (FRP) Rebars Market, by Key Country - Revenue (2021) (US$ Million)
Figure 30. Middle East & Africa: Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. South Africa: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. South Africa: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
Figure 33. Saudi Arabia: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. Saudi Arabia: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
Figure 35. UAE: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
Figure 36. UAE: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)
Figure 37. Rest of Middle East & Africa: Fiber Reinforced Polymer (FRP) Rebars Market -Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of Middle East & Africa: Fiber Reinforced Polymer (FRP) Rebars Market -Volume and Forecast to 2028 (Tonnes)

Companies Mentioned

  • Schöck Bauteile GmbH
  • Dextra Group
  • Sireg Geotech S.r.l.
  • Arab Basalt Fiber Company

Table Information