+1-888-308-5802     
News Contact Us

FRP Rebars Market future trend and growth opportunities by 2024

Author : Rahul Varpe | Published Date : 2019-06-19 

Global Market Insights add New FRP Rebars Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.

Rising end-user preference for lightweight, anti-corrosive, non-abrasive, and robust reinforcements will upswing FRP Rebars Market development. Regional governments have been spending huge capital on construction & renovation activities. In addition, swift infrastructural developments to enhance the urban landscape and promote regional tourism will majorly boost FRP rebars industry trends.

For instance, Japan invested more than USD 738 billion in construction projects in 2015, while China allotted funds of over 1.7 trillion for infrastructural growth during that year. According to Global Market Insights, Inc., “Fiber reinforced polymer (FRP) rebars industry, worth USD 590 million in 2015, is expected to hit a targeted revenue of over USD 1.25 billion by 2024.”

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/698

FRP rebars find extensive applications in MRI rooms, bridges & buildings, marine structures & waterfronts, water treatment plants, and highways. FRP rebars market size in the marine structures & waterfronts sector is predicted to grow at a cumulative rate of more than 7% over the coming timeline. An increase in the number of projects for constructing waterfronts and ports near seas and rivers along with the development of waterways as an effective mode of goods transport facility will contribute toward the business expansion.

FRP rebars market revenue across water treatment plants sector, which was estimated at more than USD 50 million in 2015, is expected to witness a high surge over the coming years. Rise in the number of desalination plant projects and surge in the waste & water treatment plant constructions will impel the segment growth.

FRP rebars market share in MRI rooms sector is projected to record significant gains of more than 6.5% over the period from 2016 to 2024. Favorable features such as heat resistance, magnetic transparency, and electric resistance will boost the product demand.

Considering the geographical landscape, North America FRP rebars industry is anticipated to record a CAGR of more than 7% over the coming seven years. Escalated spending on building new structures along with beneficial legislations supporting infrastructure growth will enlarge the business scope across the region. U.S. FRP rebars industry, which contributed USD 270 million toward North America FRP rebars industry revenue in 2015, is expected to make notable contributions toward the regional share in the future. The country had spent more than USD 1 trillion on construction ventures during 2015.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/698

Europe FRP rebars market is projected to record a CAGR of more than 6.5% over the coming seven years. Growing renovation activities across the commercial and residential sectors along with high product applications in MRI rooms, cable ducts, radio frequency field, and high-voltage substations are expected to boost the industry size. UK and Germany are predicted to push the regional development.

FRP rebars are also used in various kinds of resins such as vinyl ester and polyester resins. Vinyl ester FRP rebars market is forecast to grow at a CAGR of more than 9% over the period of 2016-2024, due to the outstanding corrosion resisting and thermal insulating features of the product. Polyester resin FRP rebars industry, which collected a revenue of USD 460 million in 2015, is projected to witness a considerable development over the coming years. The business expansion can be attributed to the elevated product use as an adhesive in tarnished heritage structures along with its unique dimensional features and cost-effective nature.

Of late, industry players are employing key business growth strategies such as product development, pricing, and strategic partnerships to increase their market share. Fibrolux GmbH, Hughes Brothers Inc., Sireg Geotech Srl, Technobasalt Invest LLC, Marshall Composites Technologies, BP Composites Limited, Neuvokas Corporation, Pultrall Inc., and Composite Rebar Technologies Incorporation are the major participants of FRP rebars market.

Read more news @ https://www.marketwatch.com/press-release/water-softener-market-growth-analysis-by-regional-players-2019-2024-2019-06-19

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Building Energy Management Systems (BEMS) Market to Witness an Outstanding Growth by 2025

Published Date: 2019-10-18         Author: Rahul Varpe

Building Energy Management Systems (BEMS) Market research report added by Global Market Insights delivers a comprehensive analysis on the newest market drivers. The report also offers extracts regarding statistics, market valuation and revenue estimates, which further strengthens its status in the c... Read More

Wood Based Panel Market to Perceive Substantial Growth by the end of 2025

Published Date: 2019-10-18         Author: Rahul Varpe

Wood Based Panel Market research report added by Global Market Insights delivers a comprehensive analysis on the newest market drivers. The report also offers extracts regarding statistics, market valuation and revenue estimates, which further strengthens its status in the competitive spectrum and g... Read More

Gardening Equipment Market value estimated to soar higher during 2019 - 2025

Published Date: 2019-10-18         Author: Rahul Varpe

Gardening Equipment Market research report added by Global Market Insights delivers a comprehensive analysis on the newest market drivers. The report also offers extracts regarding statistics, market valuation and revenue estimates, which further strengthens its status in the competitive spectrum an... Read More

© 2019 Fractovia. All Rights Reserved