Press release
FRP Rebar Market is expected to reach USD 1.08 Billion by 2024 | Key players are Marshall Composites Systems, BP Composites, Hughes Brothers, Putrall, Fibrolux, Sireg Geotech, CRT and Technobasalt Invest LLC.
FRP Rebar Market was valued at USD 425 Million in 2016 and projected to reach USD 1.08 Billion by 2025 growing at a CAGR of 8% during the forecast period 2018 to 2025.
FRP Rebar Market Overview:
The fiber reinforced polymer (FRP)rebar market is deemed to have an active growth during the forecast period. The composite material produced from a polymer reinforced with the fibers is usually termed as fiber reinforced polymer rebar. The fibers used for the process are mainly glass, basalt, aramid and carbon. An epoxy, vinyl ester or polyester thermosetting plastic are the polymers used in manufacturing process of these fiber reinforced polymer rebar.The manufacturing process of these materials involves two various methods. Due to its flexibility and easy molding nature, it can produce desired shapes which are suitable for the application.
Browse details of 118 number of pages research report developed on FRP Rebar Market @ https://www.researchcosmos.com/reports/global-frp-rebar-market-professional-survey-report-2018/1204512
FRP Rebar Market Growth Drivers and Restraints:
The growing constructional projects along with increasing utilization of these materials in the construction of highways to develop smart city is key driving factor for the market. The government initiative in investing huge amount on the construction of bridges which enhances the life time is also additionally outshining the growth of the market.
However, the strict rules and regulations for the use of FRP rebar materials are quietly declining the growth of the market. The cost for installation and maintenance of these products are little expensive and considerably a challenging factor in this market.
The on-going efforts in developing the features of the FRP rebar with the innovative techniques are lucratively showing up the huge opportunities for the growth of the market. The increasing purchase sales of the final products which are manufactured by these materials in water treatment plants are creating a chance for the market to grow.
Geographic Insights of FRP Rebar Market:
North America is dominating the highest shares of the market, owing to rise in the construction of buildings and attracting customers by constructing innovative infrastructures in this region. Asia Pacific and Europe are anticipated to hold the highest shares of the market with the increased demand from the marine structures and waterfronts. Middle East and Africa are witnessed to have significant shares in the foremost time span.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-frp-rebar-market-professional-survey-report-2018/1204512
Key Market Players of FRP Rebar Market:
The prominent players in the global FRP rebar market are Marshall Composites Systems, BP Composites, Hughes Brothers, Putrall, Fibrolux, Sireg Geotech, CRT and Technobasalt Invest LLC.
FRP Rebar Market Key Segmentation:
By Application:
• Road Building
• Bridges & Port
• Underground Construction
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-frp-rebar-market-professional-survey-report-2018/1204512
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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www.researchcosmos.com
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