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Glass Fiber Reinforced Polymer (GFRP) Rebar Manufacturing Business

Capacity 1200 MT per Day Plant and Machinery cost 58800000.00 Lakhs
Working Capital 0.00 Rate of Return (ROR) 34.00 %
Break Even Point (BEP) 51.00 % TCI 0.00 Lakhs
Cost of Project 609700000.00Lakhs


Rebar made of glass fibre reinforced polymer is a highly valuable building material. Governments and other large-scale infrastructure providers now recognise that GFRP is an affordable building material with the ability to increase the lifespan of public facilities where corrosion can have a significant negative impact on the economy and the environment. The use of fibreglass reinforcement material has grown significantly as a result of the growth in corrosion caused by climate change.

Numerous minuscule continuous glass fibres are incorporated into a polymeric resin matrix to form a glass fibre reinforced polymer (GFRP) bar. The fundamental feature of GFRP bars, which have been created for usage in a variety of structural applications, is that they are a non-corrodible substitute for steel reinforcing bar.

High strength and stiffness to weight ratio, chemical resistance, improved control over thermal expansion and damping characteristics, good fatigue qualities, and electromagnetic resistance are further advantages of GFRP bars. Carbon- and Aramid-based fibre reinforced polymers (CFRP) are two other popular FRPs (AFRP).


E-glass or S-glass are frequently used as the reinforcing fibres in GFRP, and the resins are chosen based on their cost, strength, rigidity, and long-term stability. The polymer matrix holds the fibres together and transfers stresses between them, while the fibres give the bar its strength and stiffness. Although some items are created with fibres set in numerous orientations, for the best tensile qualities, fibres are oriented in the same longitudinal direction as the bar itself.


A few distinct types of bar surfaces have been generated as a result of the absence of standardised manufacturing processes and the effort to strengthen the bonds between the bars. These include a smooth bar surface, bar surface ribbing (similar to mild steel that has been bent), bar wrapping with helical fibres (either simply attached to the core or wrapped under tension to somewhat distort the bar), and coating the bar surface with coarse sand.


Advantages of GFRP Rebar

• A high-quality vinyl ester resin that resists corrosion and extends the life of a concrete structure is one of the components of GFRP.

• GFRP rebar has twice the tensile strength of steel while weighing only a quarter as much as traditional reinforcement material, such as steel.

Because GFRP rebar is heat- and electricity-resistant, it is a great material for scientific structures and facilities like power plants.

In comparison to epoxy-coated or stainless steel, GFRP rebar is a more affordable product when considering the long-term advantages.

• It may be made in unique lengths, bends, and shapes;

• It is resistant to chloride ions and other chemical components.



GFRP bars are currently widely used as concrete reinforcement all over the world. Numerous studies have been conducted to assess the field performance of the numerous structures erected to demonstrate the potential for GFRP reinforcement to be employed in other applications. GFRP bars have been used in the construction of marine constructions, parking garages, and bridge decks.

Because of this, it is now necessary to set design guidelines for the usage of GFRP reinforcement. Each country, including the US, EU, Canada, and Japan, has created its own set of design standards. Generally speaking, these recommendations have developed through adjustments to current steel reinforced concrete codes based on experimental testing of the substance.

To assess these structures' appropriateness for specific settings, two case study bridge deck systems with GFRP reinforcement were evaluated. Since GFRP reinforcement is lighter and less corrosive than steel reinforcement, it has gained favour as a substitute for usage in bridge decks. If GFRP manufacture becomes more widely commercialised in the future, the currently high costs associated with building with GFRP reinforcement are anticipated to decline.


Market Size

Market Size: USD 171.3 Million in 2020; Market Growth: 13.2% CAGR; Market Trends: escalating need for FRP rebars in waterfront construction and maritime constructions

According to the most recent report by Emergen Research, the global fibre reinforced polymer (FRP) rebar market size reached USD 171.3 Million in 2020 and is projected to grow at a 13.2 percent revenue CAGR over the forecast period. Increasing government spending on construction and maintenance in emerging nations, along with an increase in the use of FRP rebar in building projects, are some of the main drivers propelling the expansion of the global fibre reinforced polymer (FRP) rebar market.

In the near future, rising demand for FRP rebars in waterfront construction and maritime constructions is anticipated to further boost market revenue growth. Inadequate climatic conditions, steel corrosion, abrasions, and sulphate reactions can severely damage marine structures.

The market for FRP rebar is anticipated to reach $1.1 billion by 2025, expanding at a CAGR of 12.1% from 2020 to 2025. In concrete reinforcement, fibre reinforced polymer rebar, often known as FRP rebar, is a non-corrosive substitute for steel rebar. It is made up of two components: a matrix resin and a fibre. Typically, carbon, aramid, basalt, or glass are utilised as the fibre, while polyester, epoxy, or vinyl ester make up the matrix resin. A spiral-wrapped fibreglass rod known as FRP rebar is lightweight and convenient.

Industry Major Market Players:

·         Composite Group Chelyabinsk

·         Schöck Bauteile GmbH

·         Dextra Group

·         Pultron Composites

·         Pultrall Inc.

·         Owens Corning

·         Sireg Geotech S.r.l.

·         Kodiak Fiberglass Rebar LLC


  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.



NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

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Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:

• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period

We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.


The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?

The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.

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• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

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• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

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• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.


Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:



Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications


Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity


Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers


Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel


Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)


Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram


Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities


Project at a Glance

Along with financial details as under:


  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital


  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals


                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios


                Earnings Per Share (EPS)


             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 


  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR