The report “FRP Rebar Market by Fiber Type (Glass, Carbon and Basalt), Resin Type (Vinyl Easter, Epoxy), Application (Highways, Bridges & Buildings; Marine Structurers & Waterfronts Water Treatment Plants) and Region – Global Forecast to 2027” is expected to grow from USD 211 million in 2022 to USD 389 million by 2027, at a CAGR of 13.0% during the forecast period. The growing demand from the construction industry is driving the demand for FRP rebars and thereby growth of the market.
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• 250 Market data Tables
• 34 Figures
• 199 Pages and in-depth TOC on “FRP Rebar Market – Global Forecast to 2027”
Some of the prominent key players are:
· Schöck Bauteile GmbH (Germany)
· Dextra Group (Thailand)
· Pultron Composites (New Zealand)
· Pultrall Inc. (Canada)
· Composite Group Chelyabinsk (Russia)
· Owens Corning (US)
· FiReP Group (Switzerland)
· Sireg Geotech S.r.l. (Italy)
Opportunity: Growing construction industry in emerging markets
The construction industry is growing rapidly in developing countries such as India, China, and Saudi Arabia due to rapid urbanization, rising population, and huge industrial and revenue growth. The construction of various megastructures and infrastructure projects in these countries have been increasingly using reinforcement solutions, and FRP rebars have been adopted for various projects due to their long-term cost benefits and useful properties like high strength and resistance to corrosion. Many big projects like King Salman Energy Park, a new industrial city project being constructed (located between Dammam and Al-Ahsa in the Eastern Province of Saudi Arabia), have used FRP rebars for structural reinforcement. Some water treatment plants like Umm-al-Hayman Wastewater Plant (Kuwait), STEP Link Sewers Project (UAE), and Main Lines Wastewater Sanitary Work (Saudi Arabia) are major projects undertaken in the MEA that have used FRP rebars significantly.