FRP Rebar Market 2019 Growth by key players Hughes Brothers Inc, Marshall Composites Systems and BP Composites Ltd

Global FRP Rebar Market report 2024 focuses on the major Types and Applications for the key players. The market forecast report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The research report is a professional and in-depth study on the current state of global Industry.

Basalt fiber composite FRP rebar market will witness CAGR around 9% by 2024. Easy availability, resistance to hostile environment, magnetic transparency, insubstantial, and corrosion resistance are the key properties driving product demand.

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FRP Rebar Market size is set to exceed USD 1.25 billion by 2024; according to a new research report by Global Market Insights, Inc. Potential outlook in highways, bridges & buildings along with water treatment plants will propel the FRP rebar market growth. Increasing renovation projects on functionally deficient structures has encouraged the product demand in the market. Shift in trend towards non-corrosive, lightweight, durable reinforcements coupled with thermal & electric insulation are some of the significant factors fueling the industry growth.

Technological advancement in product design, and material are the factors enhancing product penetration. Growth in construction of decks & railings, floor slabs, columns, parking garages, and walls will propel industry demand. FRP rebar market from highways, bridges & buildings was valued over USD 460 Million in 2015. Increasing manufacturing facilities, infrastructure development along with global construction industry expansion will fuel the revenue growth. Regulatory compliance for product usage in restoration of bridges particularly in North America will trigger the demand.

Penetration of innovative materials including basalt and aramid fiber composites have boosted industry growth, owing to its significant properties including low weight and improved handling. Increasing infrastructure spending mainly in emerging economies including India, China, and Japan, will fuel the FRP rebar demand. Emergence of glass fiber composite as an alternative to galvanized and stainless steel reinforcements has resulted in the robust growth of the product development.

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Polyester FRP rebar are extensively used to fix structural or functional deficiency in degraded heritage buildings. Chemical and mechanical resistance, cost efficiency, easy-to-use along with superior dimensional and electrical properties are the other major factors surging the market growth. Vinyl ester is the fastest growing resin in FRP rebar market owing to its numerous substantial properties including exceptional corrosion resistance to chemicals, fuels, or vapors, heat insulation, durability, and high tensile strength. High initial costs and low consumer awareness about the product are the major restraining trends.

FRP rebar demand from marine structures & waterfronts will grow over 7%. Development of ports & waterfronts including temporary walls, wharfs, coastal seaports, and submarine camels are the growing opportunities for this industry. Increasing development of inner waterway channels for transportation of goods within the country will drive the demand.

North America led by U.S., is expected to grow over 7%. Favorable regulations and increasing construction of new structures accompanied by the structural strengthening projects will propel the FRP rebar market in this region. APAC will witness CAGR over 8%. Increasing infrastructure spending particularly in emerging economies including China and India will drive the demand. The region accounted for 40% of the global construction spending in 2015.

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Europe led by Germany and UK will witness CAGR over 6.5%. Increasing renovation in commercial and residential buildings will escalate the regional demand. Additionally, rising demand from magnetic and electric isolation applications including MRI rooms, high-voltage substations, cable ducts, and radio frequency sensitive areas should fuel the industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Hughes Brothers, Inc
2. Marshall Composites Systems, LLC.
3. PULTRALL INC.
4. BP Composites Ltd.
5. B&B FRP Manufacturing Inc
6. Sanskriti Agencies Pvt. Ltd
7. CSK Technologies
8. Schock International
9. Armastek USA
10. Neuvokas Corp.
11. Dextra Group
12. FiReP, Inc.
13. Sireg Geotech Srl
14. Fibrolux GmbH
15. KODIAK Fiberglass Rebar
16. ARC Insulations & Insulators (P) Ltd
17. Technobasalt
18. Pultron Composites
19. Meera Group
20. Composite Rebar Technologies (CRT)

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