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Global FRP Rebar Market Expected to Witness a Sustainable Growth over 2023
FRP rebars are used widely in highways, bridges, & buildings application, as their superior strength-to weight ratio significantly exceeds that of any traditional rebar.
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Global FRP Rebar Market: Forecast by Type / Application / Region
FRP rebars are used widely in highways, bridges, & buildings application, as their superior strength-to weight ratio significantly exceeds that of any traditional rebar. Currently, there are many producing companies in the world FRP rebar industry. The main players are Hughes Brothers, Schoeck, Armastek, Hebei Yulong, BP Composites (TUFF-Bar) and FiReP. The global sales of FRP Rebar increases to 236.39 M Meters in 2017 from 128.37 M Meters in 2012 with average growth rate of 12.99%.
In consumption market, the global consumption value of FRP Rebar increases with the 7.74% average growth rate. And North America and China are the main consumption regions due to the bigger demand of downstream applications. In 2016, these two regions occupied 56.89% of the global consumption volume in total.
FRP Rebar has many types, which include GFRP rebar, CFRP rebar, AFRP rebar and others. And each type has application industries relatively. With corrosion resistance and high strength of FRP rebar, the downstream application industries will need more FRP rebar products. So, FRP rebar has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce good performance FRP Rebar through improving technology.
Over the next five years, LPI(LP Information) projects that FRP Rebar will register a 12.3% CAGR in terms of revenue, reach US$ 530 million by 2023, from US$ 300 million in 2017.
Global FRP Rebar Market: Key Players
Hughes Brothers
Schoeck
Armastek
Hebei Yulong
BP Composites (TUFF-Bar)
FiReP
Dextra Group
Yuxing
Shanghai KNP
Pultrall
Pultron Composites
Fusite
Marshall Composite Technologies
Composite Rebar Technologies
Sireg Geotech
Kodiac Fiberglass Rebar
Fiberline
Tribeni Fiber
Captrad
Sanskriti Composites
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Related Information:
United States FRP Rebar Market Research Report 2018
Europe FRP Rebar Market Research Report 2018
North America FRP Rebar Market Research Report 2018
Asia-Pacific FRP Rebar Market Research Report 2018
China FRP Rebar Market Research Report 2018
EMEA FRP Rebar Market Research Report 2018
Global FRP Rebar Market Research Report 2018
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