Rising use of FRP rebar in constructions activities and rising government spending for construction and maintenance in developing countries
Increased FRP rebar use in building projects, as well as increasing government expenditure on construction and maintenance in developing countries, are some of the primary factors driving global fiber reinforced polymer (FRP) rebar market revenue growth. Rising demand for FRP rebars in maritime structures and waterfronts is expected to further increase revenue growth of the market in the near future. Marine structures are very vulnerable to adverse environmental conditions, steel corrosion, abrasions, and sulphate reactions. Due to high fatigue endurance, resistance to rupture, and high reinforcing capabilities, demand for FRP rebar is increasing for maritime structures and waterfront application. High corrosion resistance, leakage control, and fracture control characteristics have facilitated research and development in seawater application.
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The Global Fiber Reinforced Polymer Rebar Market Report is a comprehensive report on the Fiber Reinforced Polymer Rebar market, offering key insights on business strategies, current trends, and presenting qualitative and quantitative analysis of the Fiber Reinforced Polymer Rebar market. This report offers in-depth research insights on key and significant aspects of the Fiber Reinforced Polymer Rebar market, providing an in-depth analysis of key drivers, restraints, restraints, growth prospects, threats, and risks. The report also includes an in-depth analysis of the competitive landscape and regional scope of the Fiber Reinforced Polymer Rebar market.
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales & distribution channels
Some Key Highlights in the Report
Carbon fiber segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Because of its high strength and lightweight properties, it is being used more widely in the construction of bridges, decks and railings, slabs, pillars, parking structures, and parapets. Demand for such fiber is expected to be boosted by its resistance to chloride ions as well as chemical outbreaks, better tensile strength, and capacity to handle heavier loads.
MRI rooms segment is expected to register a significantly robust revenue growth rate over the forecast period. The electromagnetic field provided by standard steel reinforcing can interfere with the operation of MRI machines. Magnetic transparency, heat resistance, and electrical resistance are significant features that increase the use of FRP rebars in electromagnetic isolation applications.
The market in North America is expected to account for the largest revenue share over the forecast period. Increased constructions investment as a result of rapid infrastructural developments in countries such as the U.S., Canada, and Mexico is driving the market growth in this region.
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Market Overview:
The report bifurcates the Fiber Reinforced Polymer Rebar market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Emergen Research has segmented the global fiber reinforced polymer (FRP) rebar on the basis of fiber type, resin type, application, and region:
Fiber Type Outlook (Revenue, USD Million; 2018–2028)
Basalt Fiber
Glass Fiber
Carbon Fiber
Aramid Fiber
Resin Type Outlook (Revenue, USD Million; 2018–2028)
Epoxy
Polyester
Vinyl Easter
Others
Application Outlook (Revenue, USD Million; 2018–2028)
Water Treatment Plants
Highways, Bridges & Buildings
Marine Structures & Waterfronts
Others
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Fiber Reinforced Polymer Rebar market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key players include
Nycon Corporation,
Pultron Composites Ltd,
Owens Corning,
Kodiak Fiberglass Rebar LLC,
Sireg Geotech S.r.l.,
Composite Group Chelyabinsk,
Dextra Group,
Hughes Brothers Inc.,
FiReP,
Sanskriti Composites Pvt. Ltd.
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Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Research Report on the Fiber Reinforced Polymer Rebar Market Addresses the Following Key Questions:
Who are the dominant players of the Fiber Reinforced Polymer Rebar market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Fiber Reinforced Polymer Rebar market?
What are the key growth drivers and restraining factors of the Fiber Reinforced Polymer Rebar market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Fiber Reinforced Polymer Rebar market and its key segments?
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