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Vinyl ester resin FRP rebars market to witness over 9% growth up to 2024

08-07-2017 04:46 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Vinyl ester resin FRP rebars market to witness over 9% growth up

Vinyl ester FRP rebars market is forecast to grow at a CAGR of more than 9% over the period of 2016-2024, due to the outstanding corrosion resisting and thermal insulating features of the product.

According to Global Market Insights, Inc., “Fiber reinforced polymer (FRP) rebars industry, worth USD 590 million in 2015, is expected to hit a targeted revenue of over USD 1.25 billion by 2024.”

Request sample pages of "Fiber Reinforced Polymer (FRP) Rebars Market Size By Resin (Polyester, Vinyl Ester), By Product (Glass Fiber Composites, Aramid Fiber Composites, Basalt Fiber Composites, Carbon Fiber Composites), By Application (Marine Structures & Waterfronts, Highways, Bridges & Buildings, Water Treatment Plants, MRI Rooms), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Australia, South Korea, Brazil, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024" report please click on the link below:

https://www.gminsights.com/request-sample/detail/698

Rising end-user preference for lightweight, anti-corrosive, non-abrasive, and robust reinforcements will upswing FRP Rebars Market development. Regional governments have been spending huge capital on construction & renovation activities. In addition, swift infrastructural developments to enhance the urban landscape and promote regional tourism will majorly boost FRP rebars industry trends.

FRP rebars find extensive applications in MRI rooms, bridges & buildings, marine structures & waterfronts, water treatment plants, and highways. FRP rebars market size in the marine structures & waterfronts sector is predicted to grow at a cumulative rate of more than 7% over the coming timeline.

Considering the geographical landscape, North America FRP rebars industry is anticipated to record a CAGR of more than 7% over the coming seven years. U.S. FRP rebars industry, which contributed USD 270 million toward North America FRP rebars industry revenue in 2015, is expected to make notable contributions toward the regional share in the future.

Asia Pacific FRP rebars market is slated to grow at a rate of 8% over the years to come, owing to high product usage in the resistant edifice constructions along with the renovations of old structures. China, Japan, and India are likely to drive the regional revenue.

Make an inquiry to purchase this report@
https://www.gminsights.com/inquiry-before-buying/698

Europe FRP rebars industry is projected to record a CAGR of more than 6.5% over the coming seven years. Growing renovation activities across the commercial and residential sectors along with high product applications in MRI rooms, cable ducts, radio frequency field, and high-voltage substations are expected to boost the industry size. UK and Germany are predicted to push the regional development.

Glass fiber composites, carbon fiber composites, basalt fiber composites, and aramid fiber composites are the main FRP rebar products. Basalt fiber composites FRP rebars industry is expected to record a CAGR of 9% during the duration from 2016 to 2024, subject to exceptional product features such as magnetic transparency and rust resistance along with abundant product availability. Carbon fiber composites FRP rebars market is projected to grow at a rate of more than 8% over 2016-2024, driven by high product demand in floor slabs, bridge constructions, parapets, parking, ad decks & railings.

Of late, industry players are employing key business growth strategies such as product development, pricing, and strategic partnerships to increase their market share. Fibrolux GmbH, Hughes Brothers Inc., Sireg Geotech Srl, Technobasalt Invest LLC, Marshall Composites Technologies, BP Composites Limited, Neuvokas Corporation, Pultrall Inc., and Composite Rebar Technologies Incorporation are the major participants of FRP rebars market.

Source Report@
https://www.gminsights.com/industry-analysis/fiber-reinforced-polymer-frp-rebars-market

About Global Market Insights, Inc.:
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.

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

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