Fiber Reinforced Polymer Rebar Market Predicted Globally to Boost Growth through 2018-2028: Emergen Research

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

VANCOUVER, BC, CANADA, March 31, 2022 /EINPresswire.com/ — The global fiber reinforced polymer (FRP) rebar market size reached USD 171.3 million in 2020 and is expected to register a CAGR of 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 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.

The Fiber Reinforced Polymer Rebar Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Fiber Reinforced Polymer Rebar Market. fibers. The report offers in-depth research and assessment of key elements of the global Fiber Reinforced Polymer Rebar market. Research analysts have formulated this report through extensive primary and secondary research with detailed analysis of drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Reinforced Polymer Rebar market fibers.

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Some 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.

Researchers have examined all the factors influencing the growth of the Fiber Reinforced Polymer Rebar market globally and regionally. The report considers the COVID-19 pandemic as one of the major influencing factors for the Fiber Reinforced Polymer Rebar market. The pandemic has disrupted the supply chains and economic scenario of the market and hampered the growth of the market. The report examines in detail the overall impact of the COVID-19 pandemic on the Fiber Reinforced Polymer Rebar market and its key segments. The report also offers current and future impact of the COVID-19 pandemic on the market.

Key Players/Manufacturers profiled in the report are:

Nycon Corporation, Pultron Composites Ltd, Owens Corning, Kodiak Fiberglass Rebar LLC, Sireg Geotech Srl, Composite Group Chelyabinsk, Dextra Group, Hughes Brothers Inc., FiReP, Sanskriti Composites Pvt. ltd.

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Some 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.

The global Fiber Reinforced Polymer Rebar market is further analyzed in key geographies where the market has expanded to significant size. The main regions analyzed are North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The report offers country-wise analysis to provide a comprehensive analysis of the Fiber Reinforced Polymer Rebar market in terms of production and consumption patterns, supply/demand ratio, import/export, revenue contribution , trends and the presence of leading players in each region. .

The regional analysis covers:

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)

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The report offers insightful insights into the Fiber Reinforced Polymer Rebar market dynamics. It offers SWOT analysis, PESTEL analysis and Porter’s Five Forces analysis to present a better understanding of the Fiber Reinforced Polymer Rebar market, competitive landscape, factors affecting it and to predict the growth. Of the industry. It also presents the impact of various market factors along with the effects of regulatory framework on the growth of the Fiber Reinforced Polymer Rebar market.

Key benefits of the report:

Complete analysis of the competitive scenario and its changing dynamics

Analytical data with detailed SWOT analysis and Porter’s five forces analysis

8-year in-depth analysis of the global fiber reinforced polymer rebar market

Critical assessment of key market segments

Comprehensive analysis of drivers, constraints, trends and opportunities

Detailed regional analysis and comprehensive company profiling

In-depth assessment of current and emerging market trends

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Thank you for reading our report. If you have any questions about customization or the report, please contact us. Our team will ensure that the report is best suited to your needs. Emergen Research also offers a customized report by country according to client needs.

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