Global FRP Bridge Market was valued US$ 52.2 Bn in 2019 and is expected to reach US$ 85.6 Bn by 2027, at CAGR of 6.38% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The major driver in global FRP bridge market is increasing demand for the FRP rebar’s across different end-use industries like building and construction industries to fuels, durability, resistance to chemicals, or vapors, high tensile elongation strength, and heat resistance, and others is another factor expected to fuel adoption of these products, which in turn to drive growth of the target market over the forecast period. Technological advancements have led to an increase in the use of global FRP materials in the construction industry, automobile industry and aerospace industry .
The excellent properties of global FRP material like corrosion resistance, lightweight, and high strength are some of the important factors that have led to rapid growth of the market in the recent times. FRP composition are being used in the construction of prefabricated sections. These section nave improved flexural strength, flexibility & workability. They are easy to use and are cost- effective. The stringent environmental policies & lack of technology transfer are some of factors that are inhibiting the market’s growth.
Based on application segment, the deck segment is estimated to hold largest market share during forecast period. The use of global FRP bridge market materials in decks offer them with high strength to weight ratio, high corrosion resistance, and effortless installations.
On the basis of fiber type segment, the global FRP bridge market for glass fiber composites is expected to grow at the highest CAGR during forecast period. Chemical resistance good strength, and stiffness offered by glass fibers, as well as their easy availability and cost effectiveness are key factors accelerating the demand for glass fiber composites.
The global FRP bridge market is disjointed with the presence of a large number of players across different regions. These major companies have implemented various organic as well as inorganic growth strategies like new product launches, mergers & acquisitions, expansions, partnerships, agreements, joint ventures, and others to strengthen their position in this market.
In terms of region, North America is estimated to hold the largest market share during the forecast period. One of the major factors driving the development of the FRP bridge market in this region is the growing use of FRP materials in the manufacturing of decks. In addition, the presence of key players, like Strong well Corporation, Creative Pultrusions, Inc., and Bedford Reinforced Plastics, among others, have strengthened the growth of the FRP bridge market in this region.
The FRP Bridge report serves a through estimation of the market. It does through global FRP bridge market detailed qualitative insights, past data, and verified estimations about global FRP Bridge market size. The evaluations featured in the FRP Bridge report have been derived using approve research methodologies and inference. By doing this, the FRP Bridge research report offers a reservoir of study and FRP Bridge data for every aspect of the market. Our FRP Bridge business offerings give the ongoing and the most authentic information essential for businesses to endorse a competitive edge.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global FRP bridge market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global FRP bridge market.
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Scope of the Global FRP Bridge Market
Global FRP Bridge Market, By Fiber Type
• Glass Fiber
• Carbon Fiber
Global FRP Bridge Market, By Resin Type
• Vinylester Resin
• Polyester Resin
• Other Resins
Global FRP Bridge Market, By Manufacturing Process
• Hand Lay-Up
Global FRP Bridge Market, By Bridge Type
• Vehicular Bridge
• Pedestrian Bridge
Global FRP Bridge Market, By Application
Global FRP Bridge Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global FRP Bridge Market
• Strongwell Corporation
• Cts Bridges Ltd
• Bedford Reinforced Plastics
• Fiberline Composites A/S
• Creative Pultrusions, Inc.
• Composites Advantage
• Lifespan Structures
• Zellcomp Inc.
• B&B FRP Manufacturing Inc.
• Fibercore Europe
• Guardian Bridge Rapid Construction Inc.
• Solomon Composites LLC
• Vectorply Corporation
• Axion Structural Innovations LLC
• Hardcore Composites LLC.
• Ait Bridge System
• Kansas Structural Composites
• Martin Marietta Composites, Inc.
• Diversified Structural Composites
• Hughes Bros Inc.
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