Global FRP Rebar – Market Boosting the Growth Worldwide
Fiber reinforced polymer rebars are involved support strands and polymer gum lattice blend. Glass, as a part, effectively supports rigidity though encompassing filaments give expanded solidness, protection from clasping, and erosion. These benefits are relied upon to support the use of fiber-built up polymer rebars in electrical detachment and water treatment plants, prompting worldwide fiber-reinforced polymer (FRP) rebars market development. Expanding natural substance and metal handling costs are relied upon to additional lift global FRP rebar request as a substitute to steel rebar for application in the development of streets, spans, and different structures.
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ChemIntel360’s global FRP Rebar market study is a 150+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and end-use industry perspective. The industry is expected to grow at a CAGR of 12.9% mainly due to growing demand for the Highways, Bridges and Buildings applications which is expected to bolster the market over the forecast period.
Scope
This study contains global and regional Market size data - value and volume. The numbers are broken down by application (Highways, Bridges and Buildings, Water Treatment Plants, Marine Structures and Waterfronts, and Others), by type (Glass Fiber, Carbon Fiber, and Basalt Fiber). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global FRP Rebar Market, which grew from US$X.X million in 2015 to US$X.X million in 2019, dropped marginally to US$164.6 million in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X million and increase to US$X.X million in 2026 at a CAGR of X.X%. Cumulatively the Market is expected to value US$X.X million during the forecast period as compared to US$X.X million during the historical period.
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Major market players are actively involved in strategic initiatives like M&A and project development to encourage the global FRP rebars market. Key industrial participants include FireP International AG, BP Composites Ltd., Pultrall Inc., Schoeck, Pultron Composites, Armastek, Dextra Group, Hughes Brothers, and Kodiak Fiberglass Rebar LLC.
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