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FRP Rebar Market by Resin Type, by Fiber Type, by Application - Global Forecasts to 2021

FRP Rebar Market: Global Forecasts until 2021

  • March 2016
  • 135 pages
  • ID: 3681944
In this report:
In addition, the FRP rebars in North America is expected to register the second-highest CAGR of ##.##% between 2016 and 2021.
The marine structures & waterfronts segment is the second largest end user in the region, which is projected to be the second fastest-growing segment, registering a CAGR of ##.##% between 2016 and 2021.


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"Growing demand for non-corrosive and high strength materials breaches to drive the FRP rebars market"

The overall FRP rebars market is estimated to grow ~$91.0M by 2021, recording a compound annual growth rate (CAGR) of 11.40 percent between 2016 and 2021. The industry demand for FRP rebars is estimated to grow, as it offer high tensile strength to weight ratio, ability to be molded in different shapes, and potential resistance to adverse environmental conditions, resulting in reducing the maintenance cost. The increasing demand from North American region primarily for the renovation and strengthening of new and structurally deficient bridges is forecasted to fuel the rise of rebars in the overall FRP rebars market.

"Highways, bridges, & buildings is the quickest-increasing application for the FRP rebars market."

The highways and bridges have been deteriorating quickly in North America, creating a need to expand structures that are long-lasting and have the ability to withstand harsh environmental conditions, heavy loads, insufficient maintenance, and erroneous maintenance practices including the use of sodium chloride. The use of steel rebars in these structures leads to deterioration of the bond between steel and concrete owing to corrosion, difficulty in handling big steel plates, and limited delivery lengths. Whereas the State Department of Transportation uses several other types of rebars including epoxy, zinc, and galvanized-coated, solid stainless, and stainless clad rebars, they lack the ability to efficiently eradicate corrosion. Nevertheless, the use of FRP rebars in these infrastructure applications reduces the life cycle costs, thereby enhancing service life and safety

"North America (NA) is the quickest increasing market for FRP rebars."

North America continent is the quickest developing market for FRP rebars, in terms of value importance and quantity. High economic increase rate, increasing construction projects, new agreements, capacity expansions, and new plant establishments by different leading actors are few factors leading to the increase of the market for FRP rebars in this area.

This analysis has been approved through primaries managed with different market experts, globally. Those primary sources have been split into three class: by company category, by description, and by area.

- By Type of company- tier 1 50.0 percent, Tier 2 37.0 percent, and Tier 3 13.0 percent

- By Designation- C Level- 46.0 percent, Director Level- 21.0 percent, and Others- 33.0 percent

- By Region- North America- 47.0 percent, Europe- 13.0 percent, Asia-pac- 13%, ME&A (20.0 percent) and Latin America (7.0 percent)

Why acquiring this study can help you

This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the FRP rebars market comprehensively and offers the best approximations of the revenue data for the global market and the subsegments across the distinct verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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