FRP Rebar Market - Forecast(2021 - 2026)

 

Overview

FRP Rebar market size is forecast to reach $1.1 billion by 2025, after growing at a CAGR of 12.1% during 2020-2025. Fiber reinforced polymer rebar or FRP rebar is a non-corrosive alternative for steel rebar in concrete reinforcement. It comprises of two elements namely a fiber and a matrix resin. The fiber used is usually carbon, aramid, basalt, or glass whereas matrix resin is composed of polyester, epoxy, or vinyl ester. FRP rebar is a spiral wrapped fiberglass rod which is light in weight and easy to handle as well. Also, it is electrically and thermally non-conductive, efficiently resists heat transfer and possesses greater tensile strength than steel. Globally, increase in usage of non-corrosive rebars and low cost of FRP rebars across its life cycle are the prime growth drivers of FRP rebar.


Report Coverage

The report: “FRP Rebar Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the FRP Rebar Market Industry.
By Resin Type: Vinyl Ester, Polyester and Others.
By Fiber Type: Glass Fiber Composites, Aramid Fiber Composites, Basalt Fiber Composites, Carbon Fiber Composites and Others. 
By Application: Marine Structures & Waterfronts, Highways, Bridges & Buildings, Water Treatment Plants, MRI Rooms and Others. 
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • New product developments and increasing investments in research and development of FRP rebar are expected to drive the growth of this market.
  • Among application, highways, bridges & buildings segment is projected to lead the solvents market during the forecast period.
  • North America dominated the FRP Rebar market.


By Resin Type - Segment Analysis

Polyester resin segment held a significant share in FRP rebar market in 2019. Development of the polyester resin as a superior alternative over epoxy, galvanized, or stainless-steel reinforcement has fueled the industry growth. Extensive polyester usage in construction of new structures as well as fixing structural deficiency in degraded heritage buildings superior mechanical properties, ease-of-handling, chemical resistance, and dimensional stability enhanced the product demand.

Excellent corrosion resistance against fuels, vapors, or chemicals along with high durability and tensile strength are the stimulating properties enhancing the vinyl ester resin demand. Large formulations availability by varying resin, reinforcement, and additive types will create new avenues for industry growth.

By Fiber Type - Segment Analysis

Glass fiber composites segment held a significant share in FRP rebar market in 2019. Lightweight, ease in handling along with reduced chances for alkali and acid attacks are the significant properties driving the FRP rebar market growth. Production capacity limitation imposed by China on glass fiber will result in to high FRP rebar market price trend. Basalt fiber composites are expected to grow at significant growth rate during the forecast period. Less price, high penetration and substantial properties including lightweight, magnetic transparency and resistance to hostile environment are the key factors positively influencing industry growth. The composite being the latest technology will witness increased consumption in construction of earthquake resistant buildings.

By Application - Segment Analysis

Highways, bridges & buildings segment held a significant share in FRP rebar market in 2019 growing at a CAGR of XX% during the forecast period. Rising demand for restoration and strengthening of the existing deficient structures will drive the industry growth. Increasing transportation accompanied by rapid urbanization and industrialization in the emerging economies has positively influenced the product penetration in highways, bridges & buildings. Marine structures are highly prone to harsh environments, steel corrosion, abrasions and sulphate attacks. FRP rebar market will witness notable growth from marine structures & waterfronts in the forecast period, owing to high fatigue endurance, prevention from ruptures and high strengthening properties. Water treatment plants are subjected to a continuous exposure of chloride content in water causing steel corrosion. Corrosion resistant FRP rebar are broadly used in the water treatment plants including potable water tanks, refinery reservoirs, sewage treatment facilities, acid ponds, and gold & salt mines. The products, unlike corroded reinforcement, prevent harmful materials leaching into soil and groundwater.

Location: United States

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