FRP Rebar Market by Resin Type, Application (Water Treatment Plants, Highways, Bridges, & Buildings, Marine Structures & Waterfronts and Others), Fiber Type & by Geography.
Pune, India -- (SBWIRE) -- 05/06/2016 -- The report "FRP Rebar Market by Resin Type, by Fiber Type, by Application (Highways, Bridges, & Buildings, Marine Structures & Waterfronts, Water Treatment Plants, and Others) - Global Forecasts to 2021", The global fiber reinforced polymer (FRP) rebars market is projected to reach USD 91.00 Million by 2021, registering a CAGR of 11.4% between 2016 and 2021. This growth is fueled by the increasing demand for the renovation and strengthening of new and existing structurally deficient bridges, and growing application of FRP rebars in other applications such as marine structures & water fronts, and water treatment plants globally.
Browse 85 tables and 45 figures spread through 136 Pages and in-depth TOC on "FRP Rebar Market - Global Forecasts to 2021"
Early buyers will receive 10% customization on this report.
Highways, bridges, & buildings application is at the forefront and is driving the FRP rebar market
FRP rebars are used widely in highways, bridges, & buildings application, as their superior strength-to weight ratio significantly exceeds that of any traditional rebar. The Department of Transportation (DoT) in the U.S. and Canada use FRP rebars for highways, bridges, & buildings construction. FRP rebars are mainly used for construction of new bridges and restoration of structurally deficient or functionally obsolete bridges. For instance, according to the National Bridge Inventory (NBI), more than 146,000 bridges are structurally deficient or functionally obsolete in the U.S. as of 2010. Thus, the use of FRP rebars in these applications reduces the life cycle costs, thereby enhancing service life and safety. The Floodway Bridge (Canada) is one of the largest bridges constructed using FRP rebars. In addition, The Florida Keys Bridges (U.S.) is one of the prominent examples where CFRP rebars are used for the strengthening of structurally deficient bridges. Many such projects are executed in the U.S. and Canada where FRP rebars is used as concrete structure reinforcements.
North America is the key region for FRP rebar market
The North American region is expected to be the largest market for FRP rebars globally due to the increased demand from highways, bridges, & buildings, marine structures & waterfronts, and other applications such as parking structures, MRI rooms, salt storage facilities, and so on. This growth is attributed to construction of new bridges and structural strengthening projects in the U.S. and Canada. In addition, new bridge construction, renovation of structurally deficient bridges, and tunneling activities for light rail transit (LRT) to upgrade the infrastructure play a pivotal role in boosting the need of FRP rebars in this region. The FRP rebars for decks in bridges, such as Sierrita de la Cruz Creek Bridge (U.S.), Taylor Bridge Manitoba (Canada), Pierce Street Bridge, Lima OH (U.S.) Wotton, Quebec (Canada) are driving the market in North America. In North America, FRP rebars are also used in applications such as water treatment plants and marine structures & waterfronts. FRP rebars are either used in the top mat or top/bottom mat of decks.
Glass fiber composites: The largest fiber type for FRP rebars
Glass is the leading type of reinforcement fibers used for various applications, such as mining, highways, roads, & buildings construction, and wastewater treatment plants. This growth can be attributed to its superior properties such as strength, flexibility, durability, stability, lightweight, as well as resistance to heat, temperature, and moisture. North America is the biggest market for glass fiber composite rebars, while the ME&A is the fastest-growing market.
For more Info Speak to Our Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=77486355
Some of the key global players prevailing in the FRP rebar market are 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), A.T.P. Avanzate Tecnologie Plastiche Srl (Italy), International Grating Inc. (U.A.E.), Sireg S.p.A (Italy), among others.
This report covers the market by value and volume for FRP rebars and forecasts the market size till 2021. The report includes the market segmentation by resin type, by type, by application, and by region. It also provides company profiles and competitive strategies adopted by the major market players in the global FRP rebars market.
Enquire Before Buying of this Report @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=77486355
Browse Related Reports:
Fire, Smoke, and Toxicity Retardant (FST) Composite Resin Market by Resin Type (Phenolic, Epoxy, Polyester, Thermoplastic), by Composite Manufacturing Process, by Application (Transportation, A&D, Construction, Marine), and by Region - Global Forecast to 2020
Pultrusion Market by type (Glass Fiber, Carbon Fiber and others), by Resin Type (Polyester, Vinyl Ester, Polyurethane and Others) by Application (Industrial, Housing, Civil Engineering, Consumers and others) and by Region - Global Trends and Forecasts to 2020
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets