The global demand for FRP Rebar Market is presumed to reach the valuation of nearlyUSD XX MN by 2027 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2020-2027.
FRP (Fiberglass Reinforced Polymer) Rebar is a spiral wrapped structural reinforcing rod made from a combination of fiberglass roving and resin. FRP rebar is suitable for any structural or architectural application where a material required is corrosion-resistant, lightweight or non-conductive. FRP rebar has the capability to be molded in various shapes, and potential resistance to adverse environmental conditions which results in reducing the maintenance cost. Due to these properties, FRP Rebar has been developed as a non-corrosive alternative to steel in concrete reinforcement.
The demand for FRP Rebar is projected to grow as it provides long-lasting structure, thermal compatibility, excellent quality control with reduced maintenance cost. These advantages are expected to boost the application of FRP rebar in water treatment plants, Marine structure and water front’s leading to global market growth.
Increasing raw material and metal processing costs are expected to boost the FRP rebar demand as a better alternative to steel rebar for application in the construction of roads, bridges and other buildings. An increase in demand for non-corrosive rebar’s and low cost of FRP rebar’s across its life cycle are the prime growth drivers of FRP rebar. Greater productivity, efficiency and selective application in construction are major factors driving global FRP rebar’s market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of FRP Rebar.
The entire FRP Rebar market has been sub-categorized into resin type, fiber type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Resin Types
By Fiber Types
- Vinyl ester
- Glass fiber
- Carbon fiber
- Basalt fiber
- Highways, bridges, & buildings
- Water treatment plants
- Marine structures & waterfronts
This section covers regional segmentation which accentuates on current and future demand for FRP Rebar market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global FRP Rebar Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the FRP Rebar market include Owens Corning (U.S.), Jushi Group (China), Taishan Fiberglass (China), Johns Manville (U.S.), Nippon Sheet Glass (U.K.), Reicchold Inc. (U.S.), Ashland Specialty Chemical (U.S.) that supply resins and fibers to the FRP rebar manufacturers such as Hughes Brothers (U.S.), Pultrall Inc. (Canada), Marshall Composites Technologies LLC. (U.S.), Pultron Composites (New Zealand), Armastek (Russia), BP Composites Ltd. (Canada), Dextra Group (Thailand), Firep International AG (Switzerland) and A.T.P. SrL (Italy). This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.