[136 Pages Report] The global FRP rebars market was worth USD 48.00 Million in 2015, registering a CAGR of 11.4% between 2016 and 2021. In this study, 2014 has been considered as the historical year, 2015 as the base year and 2016-2021 as forecast years for estimating marker size of FRP rebars. The report aims at estimating the market size and future growth potential of the FRP rebars market across different segments such as resin type, fiber type, application, and region.

The research methodology used to estimate and forecast the FRP rebars market begins with capturing data of the key company revenues and raw material costs through secondary research. The product offerings are also taken into consideration to determine the market segmentation. The bottom-up approach was employed to arrive at the overall market size of FRP rebars from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub segments, which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.

The breakdown of profiles of primary discussion participants is depicted in the below figure:

To know about the assumptions considered for the study, download the pdf brochure

The FRP rebars market has a diversified and established ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as component manufacturers, vendors, end-users, and government organizations. The major raw material suppliers are Owens Corning (U.S.), Jushi Group (China), Taishan Fiberglass (China), Johns Manville (U.S.), Nippon Sheet Glass (U.K.), Reicchold Inc. (U.S.), Ashland Specialty Chemical (U.S.) that supply resins and fibers to the FRP rebar manufacturers such as 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. S.r.L. (Italy), among others.

Target Audience

Government and research organizations

Raw material suppliers

Distributors & suppliers

Construction companies

Industry associations

�The study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments.�

Scope of the Report:

The research report segments the FRP rebars market into the following submarkets:

Resin Types:

Vinyl ester

Polyester

Others

Fiber Types:

Glass fiber

Carbon fiber

Basalt fiber

Applications:

Highways, bridges, & buildings

Water treatment plants

Marine structures & waterfronts

Others

Regions:

North America

Europe

Asia-Pacific

Middle East & North Africa

Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company�s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of product portfolio of each company.

Regional Analysis

Further breakdown of the global FRP rebars market by country.

Further breakdown of the any region into countries in that respective region.

Company Information

Detailed analysis and profiling of additional market players.

The global market size of FRP rebars, in terms of value, 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 it provides superior properties such as strength, flexibility, durability, stability, lightweight, as well as resistance to heat, temperature, and moisture.

The highways, bridges, & buildings application segment is projected to be the fastest-growing in the global FRP rebars market between 2016 and 2021. This can be attributed to the use of FRP rebars for construction of new bridges and restoration of structurally deficient or functionally obsolete bridges. In addition, to develop structures that are long-lasting and have the ability to withstand harsh environmental conditions, heavy loads, insufficient maintenance, and erroneous maintenance practices such as the use of sodium chloride.

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.

The companies such as 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), among others are the dominant players in the global FRP rebars market. They have been adopting various organic and inorganic growth strategies such as agreements, expansions, and new product launches to enhance the current market scenario of the FRP rebars market.