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FRP Rebar Market worth $1,295.04 million by 2030, growing at a CAGR of 15.69% - Exclusive Report by 360iResearch
FRP Rebar Market | 360iResearch
The Global FRP Rebar Market to grow from USD 466.70 million in 2023 to USD 1,295.04 million by 2030, at a CAGR of 15.69%.
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Fiber reinforced polymer (FRP) rebars are a type of composite materials comprising a polymer matrix reinforced with fibers such as glass, basalt, or carbon. They are an alternative to conventional steel rebars in reinforced concrete structures, offering unique properties such as high strength-to-weight ratio, resistance to corrosion, and electromagnetic neutrality. The rising need for high-strength, lightweight, and non-corrosive rebars and the surge in private & public infrastructure adoption are driving the market growth. The rising focus on sustainability and the adoption of sustainable construction materials is also propelling market development. High initial capital requirements, limitations of FRP rebars, availability of low-cost alternatives, and absence of sufficient data pertinent to the long-term performance of FRP rebars are restricting the market growth. The rapid expansion of the construction industry in developing economies and potential requirements from marine sectors from structures and waterfronts present opportunities for market expansion.
The FRP rebar market in the Americas, with a significant emphasis on the United States and Canada, is witnessing sustainable growth due to the increasing need for corrosion-resistant and lightweight alternatives to conventional steel rebar in construction and infrastructure projects. Consumer needs in these regions are primarily driven by the renovation of aging infrastructure and the escalating costs of maintenance associated with steel rebars. The European market values sustainability, and the European construction industry is keen on reducing its carbon footprint, driving the demand for more eco-friendly alternatives like FRP rebar. The customer base is highly informed, purchasing behavior guided by sustainability credentials and long-term economic benefits. Collaboration between government entities and industry players foster's market development through innovative research programs and usage in public infrastructure projects. The need for FRP rebar is gradually growing in the Middle East and Africa with the region's increasing investment in modern infrastructure. Ongoing large-scale construction projects and foreign investment likely catalyze growth by adopting FRP rebar. In the Asia Pacific region, China, Japan, and India form the core of the FRP rebar market. High population growth, rapid urbanization, and large-scale infrastructure projects drive demand. In China and India, local governments and private industries are working together to foster market expansion through investments in construction projects that require durable and sustainable building materials. Japan, already known for its technological advancements, continues to innovate in composite materials, including FRP rebar, valuing both the seismic resistance and longevity it provides.
Market Segmentation & Coverage:
This research report categorizes the FRP Rebar Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Carbon Fiber FRP, Glass & Carbon Riber FRP, and Glass Fiber FRP. The Glass & Carbon Riber FRP commanded largest market share of 37.13% in 2023, followed by Carbon Fiber FRP.
Based on Resin Type, market is studied across Epoxy, Polyster, and Vinyl Easter. The Vinyl Easter commanded largest market share of 34.12% in 2023, followed by Epoxy.
Based on Application, market is studied across Highway, Bridges & Buildings, Marine Structures & Waterfronts, and Water Treatment Plant. The Highway, Bridges & Buildings commanded largest market share of 51.21% in 2023, followed by Marine Structures & Waterfronts.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 53.11% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the FRP Rebar Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the FRP Rebar Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the FRP Rebar Market, highlighting leading vendors and their innovative profiles. These include Agni Fiber Boards Pvt. Ltd., Antop Global Technology Co., Ltd., ARC Insulations & Insulators Pvt. Ltd., Armastek, Composite Technology by Casa Perfecta, Dextra Group, Fibrolux GmbH, FiReP Rebar Technology GmbH, Galen Panamerica LLC, Jiangsu Chemlead New Material Co., Ltd., Kodiak Fiberglass Rebar, Marshall Composite Technologies, LLC, Mateenbar Limited, MRG Composites, MST Rebar Inc., Neuvokas Corp., Owens Corning, Pultrall Inc., Pultron Composites Ltd., Sanfield India Limited, Sanskriti Composites Private Limited, Sireg Geotech S.r.l., TUF-BAR Inc., Unique Fiberglass & Composites LLC, Viva & Co Ghana Limited, and Viva Fiberglass Reinforcement Rebar.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. FRP Rebar Market, by Type
7. FRP Rebar Market, by Resin Type
8. FRP Rebar Market, by Application
9. Americas FRP Rebar Market
10. Asia-Pacific FRP Rebar Market
11. Europe, Middle East & Africa FRP Rebar Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the FRP Rebar Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the FRP Rebar Market?
3. What is the competitive strategic window for opportunities in the FRP Rebar Market?
4. What are the technology trends and regulatory frameworks in the FRP Rebar Market?
5. What is the market share of the leading vendors in the FRP Rebar Market?
6. What modes and strategic moves are considered suitable for entering the FRP Rebar Market?
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