Global FRP Rebar Market By Overview
FRP rebar is a spiral wrapped structural reinforcing rod prepared from a combination of fiber roving and resin. FRP Rebar has various applications such as lightweight material that has high tensile strength, with non-corrosive and non-conductive properties. Increasing construction spending along with rapid infrastructure development are the key trending factors driving growth of the FRP rebar market. Rising corrosion issues in conventional reinforcement techniques has boosted the product penetration in the infrastructure repairing industry. Resistance to corrosion & abrasion, high tensile strength, and low weight are major factors stimulating industry growth. Over 25% of the overall construction failures occur due to corrosion. Moreover, increasing government budgets on construction and repairing in the developing countries has positively influenced the FRP rebar market share. According to data published by World Bank Organization, China, India and Japan are the three countries with the greatest infrastructure need, comprising 39% of global infrastructure investment needs. China alone is anticipated to need US $28 trillion in infrastructure investment, which is more than half of Asia’s total needs and 30% of global needs.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
FRP rebar market report segments the market on the basis of resin type, fiber type application, and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the FRP rebar market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Global FRP Rebar Market By Competitive Landscape & Key Players
Key players in the FRP rebar market includes, Hughes Brothers, Inc., Pultrall Inc., Marshall Composites Technologies LLC, Pultron Composites Ltd., Armastek, BP Composites Ltd., Dextra Group, Schoeck Bauteile GmbH, and FiReP-Group.
Prophecy Market Insights offers required customization on this report according to specific business requirements.
FAQs
FRP rebar market report segments the market on the basis of resin type, fiber type application, and region.
Increasing demand for the FRP rebar’s across different end-use industries such as building and construction industries is a major factor expected to drive the growth of the global FRP rebar market over the next few years.
North America FRP rebar market is estimated to account for major share in terms of revenue in the global FRP rebar market. In addition, the Asia Pacific market is projected to register faster growth in terms of revenue over the next 10 years, owing to increasing demand from construction and building and water treatment plant industries in the countries in this region.