HOME Top Market Reports FRP Bridge Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin (Vinylester, Polyester), Manufacturing Process (Pultrusion, Hand Lay-Up), Application (Deck, Girders, Rebars), Bridge Type (Vehicular, Pedestrian), Region - Global Forecast to 2021

FRP Bridge Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin (Vinylester, Polyester), Manufacturing Process (Pultrusion, Hand Lay-Up), Application (Deck, Girders, Rebars), Bridge Type (Vehicular, Pedestrian), Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: April 2017
Report Code: CH 5155

 

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The report concentrates on the utilization of various FRP materials used in the manufacturing of bridges. In terms of value, the FRP bridge market was valued at USD 50.1 Million in 2015 and is projected to reach USD 72.5 Million by 2021, at a CAGR of 6.40% between 2016 and 2021. FRP bridges have increasingly gained acceptance from civil engineers across the globe due to the several useful properties offered by them, such as high corrosion resistance against de-icing salt, high strength to weight ratio, and increased shelf-life of the bridges. In this study, the years considered to estimate the market size of the FRP bridge market are:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016-2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the years prior to it have been considered.

Objectives of the Study

  • To define, describe, and forecast the FRP bridge market size, in terms of value
  • To identify and segment the FRP bridge market on the basis of resin type, fiber type, manufacturing process, bridge type, application, and region
  • To analyze significant region-specific market trends in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA), as well as country-specific trends in the U.S., Canada, Germany, France, the U.K., China, and Japan
  • To provide detailed information regarding major factors influencing the growth of the FRP bridge market (drivers, restraints, opportunities, industry-specific challenges, and burning issues)
  • To strategically profile and analyze key market players and their core competencies
  • To analyze recent market developments, such as agreements/partnerships, mergers & acquisitions, new product launches, and expansions in the FRP bridge market

Various secondary sources, including company websites, encyclopedias, directories, and databases such as Composite World, Factiva, and American Composites Manufacturers Association, among others, have been referred to understand and gain insights into the FRP bridge market. Experts from top FRP bridge companies have been interviewed to verify and collect critical information and to assess the trends in the FRP bridge market during the forecast period. The top-down, bottom-up, and data triangulation approaches have been implemented to calculate the exact values of the overall parent and individual market sizes.

FRP Bridge Market

To know about the assumptions considered for the study, download the pdf brochure

FRP bridge comprises two major raw materials, namely, fibers and resins. Established raw material suppliers include Hexcel Corporation (U.S.), Huntsman Corporation (U.S.), Toray Industries (Japan), Teijin Limited (Japan), and Owens Corning (U.S.), among others. Key players in the FRP bridge market include Strongwell Corporation (U.S.), Creative Pultrusions, Inc. (U.S.), and Bedford Reinforced Plastics (U.S.), among others.

This study focuses on the top investment pockets, which would help stakeholders understand and analyze the emerging trends in the FRP bridge market. These stakeholders include:

  • FRP Bridge Manufacturers
  • Raw Material Suppliers
  • Distributors and Suppliers
  • End-use Industries
  • Industry Associations
  • R&D Institutions

Scope of the Report:

This research report categorizes the FRP bridge market on the basis of resin type, fiber type, manufacturing process, bridge type, application, and region. It forecasts revenue growth and analyzes trends in each of these submarkets till 2021.

On the Basis of Resin Type

  • Vinylester
  • Polyester

On the Basis of Fiber Type

  • Glass fiber
  • Carbon fiber

On the Basis of Manufacturing Process

  • Pultrusion
  • Hand Lay-up

On the Basis of Bridge Type

  • Vehicular
  • Pedestrian

On the Basis of Application

  • Decks
  • Girders
  • Rebars
  • Others (Tendons and Truss)

On the Basis of Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the North American FRP bridge market
  • Further breakdown of the European FRP bridge market
  • Further breakdown of the Asia-Pacific FRP bridge market
  • Further breakdown of the Latin American FRP bridge market
  • Further breakdown of the Middle Eastern & African FRP bridge market

Company Information

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Growth Opportunities in FRP Bridge Market
    4.2 FRP Bridge Market, By Application
    4.3 FRP Bridge Market, By Bridge Type and Region
    4.4 FRP Bridge Market, By Country
    4.5 FRP Bridge Market, By Manufacturing Process

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Fiber Type
           5.2.2 By Resin Type
           5.2.3 By Manufacturing Process
           5.2.4 By Bridge Type
           5.2.5 By Application
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Superior Properties and Ease of Installation
                    5.3.1.2 Growing Use of FRP Materials in the Manufacturing of Decks
           5.3.2 Restraints
                    5.3.2.1 High Cost of Carbon Fiber
                    5.3.2.2 Sensitivity to UV Radiations
           5.3.3 Opportunities
                    5.3.3.1 Rising Awareness About Repairing and Retrofitting of Existing Bridge Structures
                    5.3.3.2 Growing Use of Composites in the Building of Bridges
           5.3.4 Challenges
                    5.3.4.1 Lack of Knowledge About Codes and Standards
                    5.3.4.2 Issues Pertaining to Recyclability and Disposal Costs of Composites
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrants
           5.4.2 Threat of Substitutes
           5.4.3 Bargaining Power of Suppliers
           5.4.4 Bargaining Power of Buyers
           5.4.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends (Page No. - 45)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Per Capita GDP vs Per Capita FRP Bridge Demand
    6.4 Trends of the Construction Industry

7 FRP Bridge Market, By Fiber Type (Page No. - 50)
    7.1 Introduction
    7.2 Glass Fiber
    7.3 Carbon Fiber
    7.4 Others
           7.4.1 Aramid Fiber
           7.4.2 Basalt Fiber

8 FRP Bridge Market, By Resin Type (Page No. - 55)
    8.1 Introduction
    8.2 Vinylester Resin
    8.3 Polyester Resin
    8.4 Other Resins
           8.4.1 Epoxy Resin
           8.4.2 Phenolic Resin

9 FRP Bridge Market, By Manufacturing Process (Page No. - 59)
    9.1 Introduction
    9.2 Pultrusion
    9.3 Hand Lay-Up
    9.4 Others
           9.4.1 Resin Transfer Molding

10 FRP Bridge Market, By Bridge Type (Page No. - 64)
     10.1 Introduction
     10.2 Vehicular Bridge
     10.3 Pedestrian Bridge

11 FRP Bridge Market, By Application (Page No. - 69)
     11.1 Introduction
     11.2 Deck
     11.3 Rebars
     11.4 Girders
     11.5 Others
             11.5.1 Tendons
             11.5.2 Trusses

12 Regional Analysis (Page No. - 75)
     12.1 Introduction
     12.2 North America
             12.2.1 U.S.
             12.2.2 Canada
     12.3 Europe
             12.3.1 U.K.
             12.3.2 Russia
             12.3.3 Germany
             12.3.4 France
             12.3.5 Netherlands
             12.3.6 Denmark
     12.4 Asia-Pacific
             12.4.1 Japan
             12.4.2 China
             12.4.3 Australia & New Zealand
     12.5 Latin America
             12.5.1 Mexico.
             12.5.2 Brazil
     12.6 Middle East & Africa
             12.6.1 UAE
             12.6.2 Saudi Arabia
             12.6.3 Qatar

13 Competitive Landscape (Page No. - 105)
     13.1 Overview
     13.2 Competitive Situation and Trends
     13.3 Market Share Analysis
             13.3.1 Creative Pultrusions, Inc.
             13.3.2 Strongwell Corporation
             13.3.3 Fiberline Composites A/S
     13.4 Recent Developments
             13.4.1 Agreements/Partnerships
             13.4.2 Expansions
             13.4.3 New Product Launches

14 Company Profiles (Page No. - 113)
     14.1 Strongwell Corporation
             14.1.1 Business Overview
             14.1.2 Product Offered
             14.1.3 Recent Developments
             14.1.4 MnM View
     14.2 Cts Bridges Ltd
             14.2.1 Business Overview
             14.2.2 Products Offered
             14.2.3 Recent Developments
             14.2.4 MnM View
     14.3 Bedford Reinforced Plastics
             14.3.1 Business Overview
             14.3.2 Products Offered
             14.3.3 Recent Developments
             14.3.4 MnM View
     14.4 Fiberline Composites A/S
             14.4.1 Business Overview
             14.4.2 Products Offered
             14.4.3 Recent Developments
             14.4.4 MnM View
     14.5 Creative Pultrusions, Inc.
             14.5.1 Business Overview
             14.5.2 Products Offered
             14.5.3 Recent Developments
             14.5.4 MnM View
     14.6 Composites Advantage
             14.6.1 Business Overview
             14.6.2 Recent Developments
     14.7 Lifespan Structures
             14.7.1 Business Overview
             14.7.2 Products Offered
     14.8 Kenway Corporation
             14.8.1 Business Overview
             14.8.2 Products Offered
             14.8.3 Recent Developments
     14.9 Zellcomp Inc.
             14.9.1 Business Overview
             14.9.2 Products Offered
     14.10 B&B FRP Manufacturing Inc.
             14.10.1 Business Overview
             14.10.2 Products Offered
     14.11 Fibercore Europe
             14.11.1 Business Overview
             14.11.2 Products Offered
             14.11.3 Recent Developments
     14.12 Guardian Bridge Rapid Construction Inc.
             14.12.1 Business Overview
             14.12.2 Products Offered
     14.13 Other Companies
             14.13.1 Solomon Composites LLC
             14.13.2 Vectorply Corporation
             14.13.3 Axion Structural Innovations LLC
             14.13.4 Hardcore Composites LLC.
             14.13.5 Ait Bridge System
             14.13.6 Composicon
             14.13.7 Kansas Structural Composites
             14.13.8 Martin Marietta Composites, Inc.
             14.13.9 Diversified Structural Composites
             14.13.10 Hughes Bros Inc.

15 Appendix (Page No. - 132)
     15.1 Insights From Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets Subscription Portal
     15.4 Introducing RT: Real Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports


List of Tables (82 Tables)

Table 1 FRP Bridge Market, By Fiber Type
Table 2 FRP Bridge Market, By Resin Type
Table 3 FRP Bridge Market, By Manufacturing Process
Table 4 FRP Bridge Market, By Bridge Type
Table 5 FRP Bridge Market, By Application
Table 6 Trends and Forecast of GDP, 2015–2021 (USD Billion)
Table 7 Per Capita GDP vs Per Capita FRP Bridge Demand, 2015
Table 8 Contribution of Construction Industry to GDP, By Region, USD Billion (2014–2021)
Table 9 FRP Bridge Market Size, By Fiber Type, 2014–2021 (USD Thousand)
Table 10 Glass Fiber-Based FRP Bridge Market Size, By Region, 2014–2021 (USD Thousand)
Table 11 Carbon Fiber-Based FRP Bridge Market Size, By Region, 2014–2021 (USD Thousand)
Table 12 Other Fiber-Based FRP Bridge Market Size, By Region, 2014–2021 (USD Thousand)
Table 13 FRP Bridge Market Size, By Resin Type, 2014–2021 (USD Thousand)
Table 14 Vinylester Resin-Based FRP Bridge Market Size, By Region, 2014–2021 (USD Thousand)
Table 15 Polyester Resin-Based FRP Bridge Market Size, By Region, 2014–2021 (USD Million)
Table 16 Other Resin-Based FRP Bridge Market Size, By Region, 2014–2021 (USD Thousand)
Table 17 FRP Bridge Market Size, By Manufacturing Process, 2014–2021 (USD Thousand)
Table 18 FRP Bridge Market in Pultrusion Process Size, By Region, 2014–2021 (USD Thousand)
Table 19 FRP Bridge in Hand Lay-Up Process Market Size, By Region, 2014–2021 (USD Thousand)
Table 20 FRP Bridge in Other Process Market Size, By Region, 2014–2021 (USD Thousand)
Table 21 FRP Bridge Market Size, By Bridge Type, 2014–2021 (USD Thousand)
Table 22 FRP Vehicular Bridge Market Size, By Region, 2014–2021 (USD Thousand)
Table 23 FRP Pedestrian Bridge Market Size, By Region, 2014–2021 (USD Thousand)
Table 24 FRP Bridge Market Size, By Application, 2014–2021 (USD Thousand)
Table 25 FRP Bridge Market Size in Deck Application, By Region, 2014–2021 (USD Thousand)
Table 26 FRP Bridge Market Size in Rebar Application, By Region, 2014–2021 (USD Thousand)
Table 27 FRP Bridge Market Size in Girder Application, By Region, 2014–2021 (USD Thousand)
Table 28 FRP Bridge Market Size in Other Application, By Region, 2014–2021 (USD Thousand)
Table 29 FRP Bridge Market Size, By Region, 2014–2021 (USD Thousand)
Table 30 North America: FRP Bridge Market Size, By Country, 2014–2021 (USD Thousand)
Table 31 North America: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 32 U.S.: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 33 Canada: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 34 North America: FRP Bridge Market Size, By Bridge Type, 2014–2021 (USD Thousand)
Table 35 North America: FRP Bridge Market Size, By Fiber Type, 2014–2021 (USD Thousand)
Table 36 North America: FRP Bridge Market Size, By Resin Type, 2014–2021 (USD Thousand)
Table 37 North America: FRP Bridge Market Size, By Manufacturing Process, 2014–2021 (USD Thousand)
Table 38 Europe: FRP Bridge Market Size, By Country, 2014–2021 (USD Thousand)
Table 39 Europe: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 40 U.K.: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 41 Table 13 Germany: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 42 Table 14 France: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 43 Denmark: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 44 Netherlands: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 45 Russia: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 46 Rest of Europe: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 47 Europe: FRP Bridge Market Size, By Bridge Type, 2014–2021 (USD Thousand)
Table 48 Europe: FRP Bridge Market Size, By Fiber Type, 2014–2021 (USD Thousand)
Table 49 Europe: FRP Bridge Market Size, By Resin Type, 2014–2021 (USD Thousand)
Table 50 Europe: FRP Bridge Market Size, By Manufacturing Process, 2014–2021 (USD Thousand)
Table 51 Asia-Pacific: FRP Bridge Market Size, By Country, 2014–2021 (USD Thousand)
Table 52 Asia-Pacific: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 53 Japan: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 54 China: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 55 Australia & New Zealand: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 56 Rest of Asia-Pacific: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 57 Asia-Pacific: FRP Bridge Market Size, By Bridge Type, 2014–2021 (USD Thousand)
Table 58 Asia-Pacific: FRP Bridge Market Size, By Fiber Type, 2014–2021 (USD Thousand)
Table 59 Asia-Pacific: FRP Bridge Market Size, By Resin Type, 2014–2021 (USD Thousand)
Table 60 Asia-Pacific: FRP Bridge Market Size, By Manufacturing Process, 2014–2021 (USD Thousand)
Table 61 Latin America: FRP Bridge Market Size, By Country, 2014–2021 (USD Thousand)
Table 62 Latin America: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 63 Mexico: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 64 Brazil: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 65 Rest of Latin America: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 66 Latin America: FRP Bridge Market Size, By Bridge Type, 2014–2021 (USD Thousand)
Table 67 Latin America: FRP Bridge Market Size, By Fiber Type, 2014–2021 (USD Thousand)
Table 68 Latin America: FRP Bridge Market Size, By Resin Type, 2014–2021 (USD Thousand)
Table 69 Latin America: FRP Bridge Market Size, By Manufacturing Process, 2014–2021 (USD Thousand)
Table 70 Middle East & Africa: FRP Bridge Market Size, By Country, 2014–2021 (USD Thousand)
Table 71 Middle East & Africa: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 72 UAE: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 73 Saudi Arabia: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 74 Qatar: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 75 Rest of Middle East & Africa: FRP Bridge Market Size, By Bridge Application, 2014–2021 (USD Thousand)
Table 76 Rest of Middle East & Africa: FRP Bridge Market Size, By Bridge Type, 2014–2021 (USD Thousand)
Table 77 Middle East & Africa: FRP Bridge Market Size, By Fiber Type, 2014–2021 (USD Thousand)
Table 78 Middle East & Africa: FRP Bridge Market Size, By Resin Type, 2014–2021 (USD Thousand)
Table 79 Middle East & Africa: FRP Bridge Market Size, By Manufacturing Process, 2014–2021 (USD Thousand)
Table 80 Agreements/Partnerships, 2011–2016
Table 81 Expansions, 2011–2016
Table 82 New Product Launches, 2011–2016


List of Figures (38 Figures)

Figure 1 FRP Bridge Market: Segmentation
Figure 2 FRP Bridge Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 FRP Bridge Market: Data Triangulation Methodology
Figure 6 Glass Fiber to Dominate FRP Bridge Market During Forecast Period
Figure 7 Vinylester Resin to Be the Fastest-Growing Resin Type in FRP Bridge Market Between 2016 and 2021
Figure 8 Deck to Be the Largest Application in FRP Bridge Market During Forecast Period
Figure 9 Pultrusion Manufacturing Process to Drive FRP Bridge Market During Forecast Period
Figure 10 North America Dominated FRP Bridge Market, in Terms of Value, 2015
Figure 11 Excellent Corrosion Resistance and Ease of Installation to Drive FRP Bridge Market, 2016–2021
Figure 12 Deck to Be the Fastest-Growing Application of FRP Bridge Market, 2016–2021
Figure 13 North America to Be the Largest FRP Bridge Market
Figure 14 U.S. to Be the Fastest-Growing Market During Forecast Period
Figure 15 Pultrusion Process to Account for the Largest Market Share, in Terms of Value, During Forecast Period
Figure 16 Factors Governing FRP Bridge Market
Figure 17 Porter’s Five Forces Analysis
Figure 18 Relative GDP Growth Scenario of Key Economies
Figure 19 Per Capita GDP vs Per Capita FRP Bridge Demand
Figure 20 Construction Industry in Asia-Pacific to Contribute the Maximum Share to GDP, USD Billion, Between 2016 and 2021
Figure 21 Glass Fiber to Dominate FRP Bridge Market, By Fiber Type
Figure 22 Vinylester Resin to Lead FRP Bridge Market During the Forecast Period
Figure 23 Pultrusio Manufacturing Process to Drive FRP Bridge Market
Figure 24 North America to Drive Pultrusion Manufacturing Process Market
Figure 25 Vehicular Bridge Type to Witness the Highest Growth in FRP Bridge Market
Figure 26 North America to Drive the FRP Vehicular Bridge Market
Figure 27 Decks Application Dominates the Global FRP Bridge Market
Figure 28 North America to Drive FRP Bridge Market in Deck Application
Figure 29 U.K. to Drive the FRP Bridge Market in Europe
Figure 30 North America FRP Bridge Market Snapshot: U.S. to Lead the Market
Figure 31 Europe FRP Bridge Market Snapshot: U.K. to Lead the Market
Figure 32 Asia-Pacific FRP Bridge Market Snapshot: Japan to Lead the Market
Figure 33 Mexico to Be the Largest FRP Bridge Market During the Forecast Period
Figure 34 UAE to Be the Largest FRP Bridge Market During the Forecast Period
Figure 35 Agreements/ Partnerships Was the Most Preferred Growth Strategy Adopted By Major Players, 2011–2016
Figure 36 Market Development Matrix: Maximum Number of Agreements/Partnerships Were Witnessed in 2014
Figure 37 Growth Strategies Adopted By the Key Players in the FRP Bridge Market
Figure 38 Creative Pultrusions, Inc. the Largest Company in the FRP Bridge Market, 2015

The report concentrates on the utilization of various FRP materials used in the manufacturing of bridges. The FRP bridge market is projected to reach USD 72.5 Million by 2021, at a CAGR of 6.40% from 2016 to 2021. The increasing demand for FRP materials to enhance the strength and stiffness of structural parts of FRP bridges, such as decks, girders, and rebars, is driving the growth of the FRP bridge market. FRP bridges are preferred over conventional material bridges made of steel, aluminum, and concrete as they are light in weight and offer properties, such as increased strength and high resistance to corrosion.

The FRP bridge market has been segmented on the basis of resin type, fiber type, manufacturing process, bridge type, application, and region. Among all applications, the deck segment accounted for the largest share of the FRP bridge market in 2016, in terms of value. FRP materials are used in bridge decks owing to their ideal properties, which include resistance to corrosion and high strength-to-weight ratio.

By fiber type, the glass fiber segment accounted for the largest share of the FRP bridge market in 2016, in terms of value. High strength, chemical resistance, and good stiffness offered by glass fibers as well as their easy availability and cost effectiveness are key factors propelling the demand for glass fibers in the FRP bridge market.

North America is projected to be the largest and the fastest-growing region in the FRP bridge market during the forecast period. One of the major factors driving the growth of the FRP bridge market in this region is the growing use of FRP materials in the manufacturing of decks. In addition, the presence of key players, such as Strongwell Corporation (U.S.), Creative Pultrusions, Inc. (U.S.), and Bedford Reinforced Plastics (U.S.), among others, have strengthened the growth of the FRP bridge market in this region.

FRP Bridge Market

The FRP bridge market demands the moderate use of carbon fibers, as these fibers offer high strength-to-weight ratio and durability to the structural parts of bridges, such as decks, rebars, and girders, among others. Presently, the average cost of carbon fiber is approximately USD 25/kg, and the price for glass fiber is approximately USD 4/kg. Due to the relatively higher price of carbon fiber, its demand in the FRP bridge market is moderate as compared to the glass fiber. The high price of carbon fiber as compared to glass fiber is hindering the growth of the FRP bridge market globally. In order to increase the use of carbon fiber in the FRP bridge market, it is necessary to reduce its prices so as to achieve profitability in the production process of various structural parts of a bridge.

The FRP bridge market is growing on account of the increasing usage of FRP materials in bridges. FiberCore Europe (Netherlands), Fiberline Composites A/S (Denmark), Strongwell Corporation (U.S.), Creative Pultrusions, Inc. (U.S), and Bedford Reinforced Plastics (U.S.) are some of the major market players. These players have adopted several organic and inorganic growth strategies to establish themselves strongly in the global FRP bridge market.

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