Global FRP bridge market is expected to rise to an estimated value of USD 99.8 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026.This rise in market value can be attributed to the growing demand for bridges in decks and reinforcing bars.
The FRP bridge market insight report offers a clear understand of various purchasers and their needs to help manufactures meet the necessities and increase revenue and profitability. The report characterizes the real difficulties and issues that affect the market growth as well as act as hindrance for the clients. Issue definition shrouded in the report gives a precise way to deal with recent ventures and makes marketing both simpler and effective. The FRP bridge market is anticipated to achieve new heights of progress during the estimated time frame 2019 to 2025. And this report tracks the ongoing as well as upcoming trends in this FRP bridge market.
Few of the major competitors currently working in FRP bridge market are AXION STRUCTURAL INNOVATIONS LLC, B&B FRP MANUFACTURING INC., Bedford Reinforced Plastics, Creative Pultrusion, Inc., CTS Bridges Ltd, FiberCore Europe BV, Fiberline Composites A/S, Strongwell Corporation, Guardian Bridge Rapid Construction Inc., Hughes Brothers, Inc., Kenway Composites, Lifespan Structures Ltd, Vectorply Corporation among others.
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- FRP material provide superior properties as compared to other alternatives, which acts as a driver in the growth of the market
- Rising demand for FRP material in the manufacturing of decks boosts the market for FRP bridges
- High cost of carbon fiber used in the production, act as the major restraint for the market
- FRP material possesses sensitivity towards UV radiations, which hampers the demand for this material
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
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Segmentation: Global FRP Bridge Market
- By Fiber Type
- Glass Fiber
- Carbon Fiber
- By Resin Type
- By Manufacturing Process
- Hand Lay-Up
- By Application
- By Bridge Type
- By Geography
- North America
- South America
- Middle East and Africa
Key Developments in the Market:
- In October 2018, Creative Pultrusions Inc. acquired Composite Advantage LLC, a manufacturer of FRP products used in construction industry. The acquisition will help the company to add products of the acquired company into its own portfolio of products
- In July 2017, Owens Corning Infrastructure Solutions acquired the concrete reinforcement business of Hughes Brothers, Inc. The acquisition will help both the companies to expand their businesses globally
Global FRP bridge market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of FRP bridge market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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