FRP Rebars Market worth $222.40 Million by 2019
The report “FRP Rebars Market in the Construction Industry, By Type (GFRP & BFRP), By Construction Application (Roads, Bridges & Tunnels, Electrical Isolation, Marine Structures & Waterfronts, Water Treatment Plants, MRI Rooms & Others) & By Region - Global Trends & Forecast to 2019”, defines and segments the global FRP rebars market in the construction industry with an analysis and forecast by value.
Browse 83 market data tables and 114 figures spread through 223 slides and in-depth TOC on "FRP Rebars Market - Global Trends & Forecast to 2019".
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"North America and The Middle East are the key markets for FRP Rebars"
North America and Europe dominates the global FRP rebars market and accounts for majority of the market in 2013. The largest consumer of FRP rebars within North America and globally is Canada and this market is driven by roads, bridges & tunnels, MRI rooms, marine structures & water fronts, and electrical isolation sectors. The research & development of high performance FRP rebars products is led by North American and European countries, to be used in different applications. In Europe, Germany, the U.K., The Netherlands, Italy, and France are the key markets for FRP rebars and constitute majority of the market size. The Middle East is the fastest growing region for FRP rebars, globally. The fastest growing markets for FRP rebars, globally, are Qatar and Saudi Arabia and have enormous potential. The usage of FRP rebars have increased owing to the huge expenditure on urban development in Qatar, Saudi Arabia, and other GCC countries, thus driving the FRP rebars market in these regions.
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"Roads, bridges & tunnels, electrical isolation, and marine structures & water fronts are the topmost segment by value in the FRP rebars market in construction industry"
The largest share of 78%, by value, is occupied by the roads, bridges & tunnels segment in the FRP rebars market in 2013. Water treatment plants and electrical isolation segments are expected to grow the fastest in the near future. The growth of this market in roads, bridges & tunnels, electrical isolation, marine structures & water fronts, water treatment plants, MRI rooms, and other segments is driven by properties of FRP rebars such as high strength, lightweight, non]magnetic & non]corrosive properties, and good fatigue endurance. The factors responsible for the growing demand of FRP rebars industry are the growth in global construction spending, growing acceptance of FRP rebars, and initiatives for research & development for FRP rebar products. The enormous potential in the Asian countries, particularly China and India, is likely to foster further growth of the FRP rebars market.
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