Strong demand for water treatment plans poised to boost FRP rebars market size

In the latest research report by Global Market Insights, Inc., FRP rebars market size has been projected to surpass $1.25 bn by 2024.

Fiber reinforced polymer (FRP) rebars are gradually going mainstream as organizations seek the rebars as an efficacious long-term solution for construction projects. Even though steel bar is relatively inexpensive and functionally efficient, it is vulnerable to corrosion, moisture, and aggressive chemicals.

Of late, fiber reinforced polymer (FRP) polymers are being perceived as a prospective substitute for steel to do away with the corrosion issue as FRP is said to be lightweight, have strong corrosion resistance and high strength.

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Soaring popularity of FRP rebars for long-term and periodic immersion in fresh water in applications such as pilings, retaining walls, quays, decks, caissons, aquariums, and swimming pools has created a value proposition among stakeholders.

Growth drivers of FRP rebars market are

• Rising demand for water treatment plants
• Infrastructure renewal and expansion; for instance, highways, bridges and buildings especially in BRIC nations
• Growing demand for non-corrosive rebar
• Increasing application scope in marine structures and MRI rooms

Opportunities abound in the industry
With fiber reinforced polymer (FRP) rebars being immune to deicing chemicals, it has become highly sought-after in the construction of bridges and roads, airport runways, retaining walls and parking structures.

Moreover, rising popularity of FRP rebars in wastewater treatment plans, petrochemical plants, pulp and paper mills and cooling towers is likely to provide opportunities galore to manufacturers eyeing to expand their penetration.

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Trends to be witnessed FRP rebars

Palpable trend for FRP in water treatment plants is setting the trend in FRP rebars market. Given that these rebars are corrosion-resistant, their popularity in waterside reinforced concrete structures has soared by leaps and bounds.

Increased traction to reinforce water tanks with corrosion-free materials, including fiber reinforced polymer has further signified the popularity of FRP rebars. Most notably, super tensile strength, zero corrosion, neutrality to electrical and magnetic disturbance make FRP reinforcement bars highly sought-after among manufacturers.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.