The report is updated with the impact of the COVID-19 pandemic on the Fiber Reinforced Polymer Rebar market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Fiber Reinforced Polymer Rebar market has been positive or negative.
The global fiber reinforced polymer (FRP) rebar market size reached USD 171.3 Million in 2020 and is expected to register a revenue CAGR of 13.2%, during the forecast period, according to latest analysis by Emergen Research. Increased FRP rebar use in building projects, as well as increasing government expenditure on construction and maintenance in developing countries, are some of the primary factors driving global fiberreinforced polymer (FRP) rebar market revenue growth. Rising demand for FRP rebars in maritime structures and waterfronts is expected to further increase revenue growth of the market in the near future. Marine structures are very vulnerable to adverse environmental conditions, steel corrosion, abrasions, and sulphate reactions. Due to high fatigue endurance, resistance to rupture, and high reinforcing capabilities, demand for FRP rebar is increasing for maritime structures and waterfront application. High corrosion resistance, leakage control, and fracture control characteristics have facilitated research and development in seawaterapplication.
Emergen Research has recently published a detailed report on the global Fiber Reinforced Polymer Rebar market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Fiber Reinforced Polymer Rebar market through verified and validated data curated to offer accurate insights.
Market Segmentations of the Fiber Reinforced Polymer Rebar Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the forecast period. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Fiber Reinforced Polymer Rebar market on the basis of product, application, and region:
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The report further divides the Fiber Reinforced Polymer Rebar market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Fiber Reinforced Polymer Rebar market.
Fiber Reinforced Polymer Rebar Market Segmentation:
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Fiber Type Outlook (Revenue, USD Million; 2018–2028)
- Basalt Fiber
- Glass Fiber
- Carbon Fiber
- Aramid Fiber
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Resin Type Outlook (Revenue, USD Million; 2018–2028)
- Epoxy
- Polyester
- Vinyl Easter
- Others