Opportunities for the global FRP pole market to reach $322.1 million by 2022

According to a new market report published by Lucintel, the future of the global FRP pole market looks promising with opportunities in power transmission and distribution, telecommunication, lighting and others end use industries. The global FRP pole market is expected to reach an estimated $322.1 million by 2022 and is forecast to grow at a CAGR of 8.4% from 2017 to 2022. The major drivers for the growth of global FRP pole market are the ongoing replacement of obsolete wooden poles and performance benefits of FRP poles over wood, steel, and other poles; these benefits include rot and corrosion resistance, minimal maintenance, and easy installation.
In this market, power transmission and distribution, telecommunication, lighting and others are the major end use industries. On the basis of comprehensive research, Lucintel forecasts that the power transmission and distribution end use industry will show above average growth during the forecast period.
Within the FRP pole market, filament winding, pultrusion, and centrifugal casting are the major processes utilized to manufacture FRP Poles. In this market, glass fiber with polyester resin is predominantly used to manufacture FRP poles.
North America is expected to remain the largest region for the global FRP pole market because of the ongoing replacement of obsolete wooden poles in the US, and this is expected to drive further demand of the North American FRP pole market.
Emerging trends, which have a direct impact on the dynamics of the industry, include focus on modular pole systems and increasing demand for UV resistant properties in FRP poles. Valmont Industries, Petrofisa do Brasil, Geotek Inc., Strongwell, CMT LLC, R.S. Technologies, Creative Pultrusions Inc., and Europoles GmbH are among the major suppliers of FRP poles.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for global FRP pole market by end use industry, process type, and material type. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities for Global FRP Pole Market 2017-2022: Trends, Forecast and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategies by providing comprehensive data and an analysis on trends, key drivers, and directions. The study includes the forecast for growth opportunities for global FRP pole market by end use industry, process type, and material type, as follows:
By end use industry [Value ($ Million) from 2011 to 2022]:
• Power Transmission and Distribution
• Telecommunication
• Lighting and Others
By process type [volume (M lbs) and Value ($ Million) from 2011 to 2022]:
• Pultrusion
• Filament Winding
• Centrifugal Casting
By material type [volume (M lbs) and Value ($ Million) from 2011 to 2022]:
• Fiber
• Resin
- Polyurethane
- Polyester
- Others
By region [Value ($ Million) from 2011 to 2022]:
• North America
• Europe
• Asia Pacific and Rest of the World (APAC & ROW)
This 131-page research report will enable you to make confident business decisions in this competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services for executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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This release was published on openPR.