DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "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" report to their offering.
The global market size of FRP rebars is projected to reach USD 91.00 Million by 2021, at a CAGR of 11.4% between 2016 and 2021. The increasing number of patents filed for FRP rebars products & applications by global players, growing projects, continuous agreements, and expansion activities undertaken by companies are key factors for the growth of the global market for FRP rebar.
The vinyl ester resin based FRP rebar is expected to the fastest-growing resin type in the FRP rebars market. This is because, it exhibit various properties, such as excellent corrosion resistance to fuels, chemicals, or vapors, durability, heat resistance, and high tensile elongation strength. Additionally, in terms of fiber type, the glass fiber rebar is expected to be the fastest-growing on the FRP rebars market. This provides superior properties such as strength, flexibility, durability, stability, lightweight, as well as resistance to heat, temperature, and moisture.
The North American region, being the largest market for FRP rebars, is also projected to register the highest CAGR in the FRP rebars market, in terms of value, between 2016 and 2021. This growth is driven by rising demand from highways, bridges, & buildings, marine structures & waterfronts, and other applications such as parking structures, MRI rooms, salt storage facilities, and so on.
The market for FRP rebars is rapidly gaining importance; however, few factors act as a bottleneck towards its growth in the global FRP rebars market. The availability of substitutes, stringent regulations for FRP rebars, low acceptance of FRP rebars among construction professionals, and high initial & production cost of FRP rebars are the major challenges and restraints toward the growth of the FRP rebars market.
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 FRP Rebars Market, By Resin Type
7 FRP Rebars Market, By Fiber Type
8 FRP Rebars Market, By Application
9 FRP Rebars Market, By Region
10 Competitive Landscape
11 Company Profiles
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