Fiber Reinforced Polymer Rebar Market Generating USD 454.5 Million Revenue in 2028

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Increasing use of FRP rebar in construction activities and increasing public expenditure for construction and maintenance in developing countries

Market Size – USD 171.3 Million in 2020, Market Growth – at a CAGR of 13.2%, Market Trends – Rising Demand for FRP Rebar in Marine Structures and Waterfronts »

— Emerging research

VANCOUVER, BC, CANADA, Sept. 6, 2022 /EINPresswire.com/ — Global Fiber Reinforced Polymer (FRP) Rebar Market Size Reached USD 171.3 Million in 2020 and Expected to Register Revenue CAGR by 13.2% over the forecast period, according to the latest analysis from Emergen Research.

The increased use of FRP rebar in construction projects, as well as increased public spending on construction and maintenance in developing countries, are some of the major factors driving the revenue growth of the global fiber reinforced polymer (FRP) rebar market.

Growing demand for FRP rebar in maritime structures and waterfronts is expected to further augment the market revenue growth in the near future. Marine structures are very vulnerable to adverse environmental conditions, steel corrosion, abrasions and sulphate reactions. Due to their high fatigue endurance, fracture toughness and high reinforcing capabilities, the demand for FRP rebar is increasing for marine structures and shoreline applications. The high corrosion resistance, leak control and fracture control characteristics have facilitated research and development in seawater application.

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However, the reluctance to use fiber reinforced polymer (FRP) rebar among construction professionals is expected to hamper the growth of the global fiber reinforced polymer (FRP) rebar market over the period. forecast. With the increasing demand for repairing and strengthening old and architecturally defective bridges, the use of FRP rebar for construction purposes is increasing.

Research Report on Global Fiber Reinforced Polymer Rebar Diseases Market added to its expanding repository is a comprehensive document containing insightful data on Fiber Reinforced Polymers Rebar Diseases Market and its key elements. The report is formulated from extensive primary and secondary research and is organized to provide readers and businesses with a competitive edge over other industry players. The report sheds light on the finest details of the Fiber Reinforced Polymer Rebar Diseases industry regarding growth factors, opportunities, and lucrative business prospects, regions exhibiting promising growth, and forecast estimates up to in 2030.

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Main highlights of the report

Carbon fiber segment revenue is expected to grow at a considerably rapid CAGR during the forecast period. Due to its high strength and light weight properties, it is used more widely in the construction of bridges, decks and railings, slabs, pillars, parking structures and parapets. The demand for these fibers is expected to be driven by its resistance to chloride ions as well as chemical epidemics, its better tensile strength and its ability to support heavier loads.

The MRI room segment is expected to witness a significantly robust revenue growth rate over the forecast period. The electromagnetic field provided by standard steel frames can interfere with the operation of MRI scanners. Magnetic transparency, heat resistance and electrical strength are important characteristics that increase the use of FRP rebar in electromagnetic insulation applications.

The North America market is expected to account for the largest revenue share during the forecast period. Rising construction investment owing to rapid infrastructure development in countries such as the United States, Canada, and Mexico is driving the growth of the market in this region.

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Emergen Research has segmented the global Fiber Reinforced Polymer (FRP) rebar based on fiber type, resin type, application and region:

Fiber Type Outlook (Revenue, USD Million; 2018-2028)

basalt fiber

Glass fibers

Carbon fiber

Aramid fiber

Resin Type Outlook (Revenue, USD Million; 2018-2028)

Epoxy

Polyester

easter vinyl

Others

Application Outlook (Revenue, USD Million; 2018-2028)

Water treatment plants

Highways, bridges and buildings

Marine structures and waterfronts

Others

The report also studies leading companies of the Fiber Reinforced Polymer Rebar Disease market along with an analysis of their business strategies, mergers and acquisitions activities, investment plans, product portfolio , their financial situation, their gross profit margin and their production and manufacturing capacities.

Major players include

Nycon Corporation,

Pultron Composites Ltd,

Owens Corning,

Kodiak LLC Fiberglass Rebar,

Sireg Geotech Srl,

Chelyabinsk composite group,

Dextra Group,

Hughes Brothers Inc.,

FiReP,

Sanskriti Composites Pvt. ltd.

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Regional segmentation

North America (USA, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

Report objectives:

Study of the Global Fiber Reinforced Polymer Rebar Disease Market Size by Key Regions, Types and Applications with Reference to Historical Data (2018-2019) and Forecast (2021-2028)

Industry structure analysis of Fiber Reinforced Polymer Rebar Sickness market by identifying various sub-segments

In-depth analysis of key market players along with their SWOT analysis

Competitive landscape marking

Fiber Reinforced Polymer Rebar Sickness Market analysis based on growth trends, futuristic prospects, and contribution to total market growth

Analysis of Drivers, Restraints, Opportunities, Challenges, and Risks in Global Fiber Reinforced Polymer Rebar Sickness Market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches and other strategic alliances

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