Global FRP Rebar Market: Growing Emphasis on Infrastructure Development Driving Growth

A new research study titled “Global FRP Rebar Market by Manufacturers, Countries, Type and Application, Forecast to 2023” has been added to the repository of Market Research Hub (MRH). The report offers holistic insights and analysis on the key factors impacting the demand for FRP rebar globally. A detailed segment-wise analysis and profiling of key players in the market has been included in the report.

The report offers users in-depth information on the key growth and restraining factors impacting the market. In addition, a comprehensive qualitative analysis is included on the key trends and opportunities available to key market participants. The market has been analyzed thoroughly, with an assessment on key players is offered for the perusal of readers.

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Global demand for FRP rebar is likely to be driven by growing focus among governments around the world on infrastructure development. FRP rebar is widely used in the construction of bridges and highways. On account of its high strength-to-weight ratio. FRP rebar is superior to other types of rebar, and its use enhances the durability and strength of structures. Growing emphasis on using FRP rebar in deficient bridges and other old structures is likely to provide an impetus to the market during the assessment period.

The report includes a detailed segment-wise analysis that gives readers insights on the sluggish and lucrative sectors in the market. The market has been segmented on the basis of type, application, and region. In addition to this detailed segmentation, the report also profiles the business and product strategy of key players operating in the market.

On the basis of type, the key segments include GFRP rebar and CFRP rebar. By application, market forecast and analysis is offered on road building, underground construction, and bridges & port. The key regions covered in the report include North America, South America, Asia Pacific, Europe, and Middle East & Africa (MEA).

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Demand for FRP rebar is likely to witness a steady growth in Asia Pacific on account of growing emphasis by governments in the region to boost infrastructure development activities. China and India, two of the fastest growing economies of the world, are investing heavily in infrastructure development. The focus has invariably shifted to rebuilding old bridges and expanding the network of roads. Many provinces in China and a number of states in India are becoming hubs of economic activity, due to which construction activities have taken up speed. This is likely to push the demand for FRP rebar during the assessment period.

Some of the leading companies operating in the market include Hughes Brothers

Schoeck, BP Composites (TUFF-Bar), Shanghai KNP, Pultrall, Hebei Yulong, Pultron Composites, Composite Rebar Technologies, Dextra Group, Yuxing, FiReP,  Kodiac Fiberglass Rebar, Fusite, Sanskriti Composites, Marshall Composite Technologies, Armastek, Tribeni Fiber, Sireg Geotech, Captrad, and Fiberline.

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This release was published on openPR.