Fiber Reinforced Polymer Market to Hit USD 1.25 billion by 2024: Growth Analysis, Company Profiles & Trends

The FRP Rebar Market size is set to exceed USD 1.25 billion by 2024; according to a new research report.

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.

Request a Sample Copy of Global Fiber Reinforced Polymer Market Research Report @ https://marketsizeforecasters.com/get-sample/45382/?utm_source=OPR-NL

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.

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.

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.

Enquiry Discount for Global Fiber Reinforced Polymer Market Research Report @ https://marketsizeforecasters.com/enquire-for-discount/45382

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.

Global FRP rebar market revenue from water treatment plants was over USD 50 million in 2015. Increase in construction of desalinization plants, waste and water treatment plants are key drivers of the FRP rebar market growth. Increase in the infrastructure development pertaining to plants including railing systems, grating, stair treads, ladders, platforms, safety cages, trench and vault covers will fuel the industry demand in this segment.

For more information about Global Fiber Reinforced Polymer Market Report @ https://marketsizeforecasters.com/fiber-reinforced-polymer-frp-rebars-market

Related Reports: -

United States Carbon Fiber Reinforced Polymers (CFRP) Market Report 2017

In this report, the United States Carbon Fiber Reinforced Polymers (CFRP) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://marketsizeforecasters.com/united-states-carbon-fiber-reinforced-polymers-cfrp-market

MarketSizeForecasters.com, a Skyline Market Research LLP brand, is an online aggregator of market research reports. MarketSizeForecasters.com offers a comprehensive collection of full length reports on global and regional markets in 100+ industry verticals. We have partnered with some of the leading business and market research publishing houses and regularly update our online library to offer wide range of reports to our customers.

Market size forecasters
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketsizeforecasters.com
Website: http://marketsizeforecasters.com/
Connect with us: LinkedIn | Twitter

This release was published on openPR.