Fiber Reinforced Polymer Rebar Market Analysis by Top Manufacturers with Recent Trends


Rising use of FRP rebar in constructions activities and rising government spending for construction and maintenance in developing countries are some of the key factors driving global fiber reinforced polymer (FRP) rebar market growth

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The latest and updated research report on the Global Fiber Reinforced Polymer Rebar Market covers a comprehensive overview of the Fiber Reinforced Polymer Rebar market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.

The global fiber reinforced polymer (FRP) rebar market size reached USD 171.3 Million in 2020 and is expected to register a revenue CAGR of 13.2%, during the forecast period, according to latest analysis by Emergen Research. 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 fiberreinforced 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 seawaterapplication.

Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report.

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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

The key companies studied in the report are:

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 Inc., Sanskriti Composites Pvt. Ltd

The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

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Fiber Reinforced Polymer Rebar Market Segmentation:

  • 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

 

On the basis of types, the market is segmented into Type 1, Type 2, and Type 3. Type 1 is expected to show a significant growth in the forecast period. Type 2 AND type 3 are estimated to show a profitable growth in the coming years.

Regional Segmentation:

On the basis of regional analysis, the market is segmented into the following regions: 1) North 2) America 3) Latin America 4) Europe 5) Asia Pacific 6) Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.

The report addresses the following key points:

  • The report estimates the expected market size from 2020-2027
  • The report provides a forecast of market drivers, restraints, and future opportunities for the 777 market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

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