FRP Rebar Market by Resin Type, by Fiber Type, by Application (Highways, Bridges, & Buildings, Marine Structures & Waterfronts, Water Treatment Plants, and Others) - Global Forecasts to 2021

The global FRP rebars market was worth USD 48.00 Million in 2015, registering a CAGR of 11.4% between 2016 and 2021. In this study, 2014 has been considered as the historical year, 2015 as the base year and 2016-2021 as forecast years for estimating marker size of FRP rebars. The report aims at estimating the market size and future growth potential of the FRP rebars market across different segments such as resin type, fiber type, application, and region.

The research methodology used to estimate and forecast the FRP rebars market begins with capturing data of the key company revenues and raw material costs through secondary research. The product offerings are also taken into consideration to determine the market segmentation. The bottom-up approach was employed to arrive at the overall market size of FRP rebars from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub segments, which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.

The breakdown of profiles of primary discussion participants is depicted in the below figure:

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

The FRP rebars market has a diversified and established ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as component manufacturers, vendors, end-users, and government organizations. The major raw material suppliers are Owens Corning (U.S.), Jushi Group (China), Taishan Fiberglass (China), Johns Manville (U.S.), Nippon Sheet Glass (U.K.), Reicchold Inc. (U.S.), Ashland Specialty Chemical (U.S.) that supply resins and fibers to the FRP rebar manufacturers such as Hughes Brothers (U.S.), Pultrall Inc. (Canada), Marshall Composites Technologies LLC. (U.S.), Pultron Composites (New Zealand), Armastek (Russia), BP Composites Ltd. (Canada), Dextra Group (Thailand), Firep International AG (Switzerland), A.T.P. S.r.L. (Italy), among others.

Target Audience

• Government and research organizations
• Raw material suppliers
• Distributors & suppliers
• Construction companies
• Industry associations

“The study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments.”

Scope of the Report:

The research report segments the FRP rebars market into the following submarkets:

Resin Types:

• Vinyl ester
• Polyester
• Others

Fiber Types:

• Glass fiber
• Carbon fiber
• Basalt fiber

Applications:

• Highways, bridges, & buildings
• Water treatment plants
• Marine structures & waterfronts
• Others

Regions:

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

Available Customizations

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

Product Analysis

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

Regional Analysis

• Further breakdown of the global FRP rebars market by country.
• Further breakdown of the any region into countries in that respective region.

Company Information

• Detailed analysis and profiling of additional market players.

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Market
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 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 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 FRP Rebars Market Size, in Terms of Value, 2021
    4.2 FRP Rebars Market, By Fiber Type
    4.3 FRP Rebars Market, By Key Applications in Me&A
    4.4 FRP Rebars Market Share, By Region
    4.5 FRP Rebars Market By Country
    4.6 FRP Rebars Market Size, By Application

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 FRP Rebars Market, By Resin Type
           5.2.2 FRP Rebars Market, By Fiber Type
           5.2.3 FRP Rebars Market, By Application
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increased Usage of Non-Corrosive Rebars
                    5.3.1.2 Low Life Cycle Cost of FRP Rebars
           5.3.2 Restraints
                    5.3.2.1 Low Acceptance of FRP Rebars Among Construction Professionals
                    5.3.2.2 High Initial and Production Cost of FRP Rebars
           5.3.3 Opportunities
                    5.3.3.1 Growing Demand for FRP Rebars From Structurally Deficient and Functionally Obsolete Highways and Bridges in North America
                    5.3.3.2 Growing Demand for Water Treatment Plants in Middle East
           5.3.4 Challenges
                    5.3.4.1 Availability of Low-Cost Substitutes
                    5.3.4.2 Stringent Regulations for FRP Rebars
    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 Buyers
           5.4.4 Bargaining Power of Suppliers
           5.4.5 Threat of Intense Rivalry

6 FRP Rebars Market, By Resin Type (Page No. - 46)
    6.1 Introduction
    6.2 Vinyl Ester Resin
    6.3 Polyester Resin
    6.4 Other Resins

7 FRP Rebars Market, By Fiber Type (Page No. - 55)
    7.1 Introduction
    7.2 Glass Fiber Composites
    7.3 Carbon Fiber Composites
    7.4 Basalt Fiber Composites

8 FRP Rebars Market, By Application (Page No. - 63)
    8.1 Introduction
    8.2 Highways, Bridges, & Buildings
    8.3 Marine Structures & Waterfronts
    8.4 Water Treatment Plants
    8.5 Other Applications

9 FRP Rebars Market, By Region (Page No. - 75)
    9.1 Introduction
    9.2 North America
           9.2.1 Canada
           9.2.2 U.S.
    9.3 Europe
           9.3.1 Germany
           9.3.2 Italy
           9.3.3 U.K.
    9.4 Asia-Pacific
           9.4.1 Japan
           9.4.2 Australia & New Zealand
           9.4.3 China
    9.5 Me&A
           9.5.1 UAE
           9.5.2 Saudi Arabia
           9.5.3 Qatar
    9.6 Latin America
           9.6.1 Brazil
           9.6.2 Mexico

10 Competitive Landscape (Page No. - 104)
     10.1 Overview
     10.2 Competitive Situation and Trends
             10.2.1 Agreements is the Most Popular Growth Strategy
             10.2.2 Agreements
             10.2.3 Expansions
             10.2.4 New Product Launches

11 Company Profiles (Page No. - 109)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 Hughes Brothers Inc.
     11.3 Schoeck International
     11.4 Dextra Group
     11.5 Pultron Composites
     11.6 Pultrall Inc.
     11.7 Sireg SPA
     11.8 Kodiac Fiberglass Rebar LLC
     11.9 Marshall Composite Technologies LLC
     11.10 A.T.P SRL
     11.11 AL-Arfaj Group
     11.12 Fibrolux GmbH
     11.13 International Grating Inc.
     11.14 BP Composites Ltd.
     11.15 Armastek
     11.16 Firep Inc.

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 130)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports

List of Tables (85 Tables)

Table 1 FRP Rebars Market Size, 2014–2021
Table 2 Resin Value Comparison Chart
Table 3 FRP Rebar Value Comparison Chart
Table 4 Comparision of Corrosion-Resistant Rebar
Table 5 FRP Rebar Market Size, By Resin Type, 2014–2021 (USD Million)
Table 6 FRP Rebar Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 7 Vinyl Ester Resin-Based FRP Rebar Market Size, By Region, 2014–2021 (USD Million)
Table 8 Vinyl Ester Resin-Based FRP Rebar Market Size, By Region, 2014–2021 (Kiloton)
Table 9 Polyester Resin-Based FRP Rebar Market Size, By Region, 2014–2021 (USD Million)
Table 10 Polyester Resin-Based FRP Rebar Market Size, By Region, 2014–2021 (Kiloton)
Table 11 Other Resin-Based FRP Rebar Market Size, By Region, 2014–2021 (USD Million)
Table 12 Other Resin-Based FRP Rebar Market Size, By Region, 2014–2021 (Kiloton)
Table 13 FRP Rebar Market Size, By Fiber Type, 2014–2021 (USD Million)
Table 14 FRP Rebar Market Size, By Fiber Type, 2014–2021 (Kiloton)
Table 15 Glass Fiber Composites Market, By Region, 2014–2021 (USD Million)
Table 16 Glass Fiber Composites Market, By Region, 2014–2021 (Kiloton)
Table 17 Carbon Fiber Composites Market, By Region, 2014–2021 (USD Million)
Table 18 Carbon Fiber Composites Market, By Region, 2014–2021 (Kiloton)
Table 19 Basalt Fiber Composites Market, By Region, 2014–2021 (USD Million)
Table 20 Basalt Fiber Composites Market, By Region, 2014–2021 (Kiloton)
Table 21 FRP Rebars Market Size, By Application, 2014–2021 (USD Million)
Table 22 FRP Rebars Market Size, By Application, 2014–2021 (Kiloton)
Table 23 Highway, Bridge, & Building Projects Using FRP Rebars
Table 24 FRP Rebar Market Size in Highways, Bridges & Buildings Application,  By Region, 2014–2021 (USD Million)
Table 25 FRP Rebar Market Size in Highways, Bridges & Buildings Application,  By Region, 2014–2021 (Kiloton)
Table 26 Some of the Marine Structure & Waterfront Projects Using FRP Rebars
Table 27 FRP Rebar Market Size in Marine Structures & Waterfronts Application,  By Region, 2014–2021 (USD Million)
Table 28 FRP Rebar Market Size in Marine Structures & Waterfronts Application,  By Region, 2014–2021 (Kiloton)
Table 29 Some of the Water Treatment Plants Using FRP Rebars
Table 30 FRP Rebar Market Size in Water Treatment Plants Application, By Region, 2014–2021 (USD Million)
Table 31 FRP Rebar Market Size in Water Treatment Plants Application, By Region, 2014–2021 (Kiloton)
Table 32 Some of the Other Application Projects Using FRP Rebars
Table 33 FRP Rebar Market Size in Other Applications, By Region, 2014–2021 (USD Million)
Table 34 FRP Rebar Market Size in Other Applications, By Region, 2014–2021 (Kiloton)
Table 35 FRP Rebar Market Size, By Region, 2014–2021 (USD Million)
Table 36 FRP Rebar Market Size, By Region, 2014–2021 (Kiloton)
Table 37 North America: FRP Rebar Market Size, By Country, 2014–2021 (USD Million)
Table 38 North America: FRP Rebar Market Size, By Country, 2014-2021 (Kiloton)
Table 39 North America: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 40 North America: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 41 Canada: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 42 Canada: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 43 U.S.: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 44 U.S.: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 45 Europe: FRP Rebar Market Size, By Country, 2014–2021 (USD Million)
Table 46 Europe: FRP Rebar Market Size, By Country, 2014–2021 (Kiloton)
Table 47 Europe: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 48 Europe: FRP Rebar Market Size, By Country, 2014–2021 (Kiloton)
Table 49 Germany: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 50 Germany: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 51 Italy: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 52 Italy: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 53 U.K.: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 54 U.K.: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 55 APAC: FRP Rebar Market Size, By Country, 2014–2021 (USD Million)
Table 56 APAC: FRP Rebar Market Size, By Country, 2014–2021 (Kiloton)
Table 57 APAC: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 58 APAC: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 59 Japan:  FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 60 Japan: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 61 Australia & New Zealand: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 62 Australia & New Zealand: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 63 China: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 64 China: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 65 Me&A: FRP Rebar Market Size, By Country, 2014–2021 (USD Million)
Table 66 Me&A: FRP Rebar Market Size, By Country, 2014–2021 (Kiloton)
Table 67 Me&A: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 68 Me&A: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 69 UAE: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 70 UAE: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 71 Saudi Arabia: FRP Rebar Market Size, By Application, 2014–2021 (USD Million)
Table 72 Saudi Arabia: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 73 Qatar: Market Size, By Application, 2014–2021 (USD Million)
Table 74 Qatar: Market Size, By Application, 2014–2021 (Kiloton)
Table 75 Latin America: FRP Rebar Market Size, By Country, 2014–2021 (USD Million)
Table 76 Latin America: FRP Rebar Market Size, By Country, 2014–2021 (Kiloton)
Table 77 Latin America: FRP Rebar Market Size, By Application,  2014–2021 (USD Million)
Table 78 Latin America: FRP Rebar Market Size, By Application, 2014–2021 (Kiloton)
Table 79 Brazil: Market Size, By Application, 2014–2021 (USD Million)
Table 80 Brazil: Market Size, By Application, 2014–2021 (Kiloton)
Table 81 Mexico: Market Size, By Application, 2014–2021 (USD Million)
Table 82 Mexico: Market Size, By Application, 2014–2021 (Kiloton)
Table 83 Agreements
Table 84 Expansions
Table 85 New Product Launches

List of Figures (45 Figures)

Figure 1 FRP Rebars: Market Segmentation
Figure 2 FRP Rebars Market: Research Design
Figure 3 Key Industry Insights
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Breakdown and Data Triangulation
Figure 8 Highways, Bridges, & Buildings Application is Estimated to Witness the Highest Growth in the FRP Rebars Market, 2016–2021
Figure 9 Vinyl Ester Resin Dominated the FRP Rebars Market, By Resin Type
Figure 10 U.S. is Projected to Be the Fastest-Growing FRP Rebars Market
Figure 11 North America Was the Fastest-Growing Region Followed By Me&A in FRP Rebars Market
Figure 12 Attractive Opportunities in the FRP Rebars Market, 2016–2021
Figure 13 Glass Fiber Composites is Estimated to Be the Fastest-Growing Fiber Type
Figure 14 UAE Dominated the Me&A FRP Rebars Market, 2015
Figure 15 North America Accounted for the Largest Share Followed By Europe in the FRP Rebars Market, 2015
Figure 16 U.S. is Projected to Be the Fastest-Growing Country in the FRP Rebars Market Between 2016 and 2021
Figure 17 Highways, Bridges & Buildings Application is Projected to Account for the Largest Market Size During 2016–2021
Figure 18 Drivers, Restraints, Opportunities, and Challenges in FRP Rebars Market
Figure 19 Porter’s Five Forces Analysis of the FRP Rebars Market
Figure 20 Vinyl Ester Resin-Based FRP Rebars Dominates the FRP Rebars Market
Figure 21 North America Dominates the Vinyl Ester Resin-Based FRP Rebars Market, By Value
Figure 22 Polyester Resin-Based FRP Rebars is the Largest Market in North America, By Value, 2016–2021
Figure 23 North America is the Leading Region in Other Resin FRP Rebars Market, By Value, 2016 vs 2021
Figure 24 Glass Fiber Composites Dominates the FRP Rebars Market
Figure 25 North America is Projected to Dominate the Glass Fiber Composites Market
Figure 26 North America Accounts for the Largest Share in Carbon Fiber Composites Market
Figure 27 North America is Projected to Be the Fastest-Growing Region in Basalt Fiber Composites Market
Figure 28 Highways, Bridges & Buildings to Be the Fastest-Growing Application in FRP Rebars Market, 2016–2021
Figure 29 North America is Projected to Be the Largest FRP Rebars Market in Highways, Bridges & Buildings Application
Figure 30 Me&A is Projected to Be the Fastest-Growing Region for FRP Rebars Market in Water Treatment Plants Application, By Value
Figure 31 North America to Dominate the FRP Rebars Market in Other Applications
Figure 32 U.S. is Projected to Drive the FRP Rebars Market in North America (2016–2021)
Figure 33 North America FRP Rebars Market Snapshot: Canada is the Most Lucrative Market
Figure 34 Germany is the Fastest-Growing Market in Europe (2015–2021)
Figure 35 Japan is the Key Market for FRP Rebars in Asia-Pacific (2016–2021)
Figure 36 Highways, Bridges, & Buildings is Projected to Be the Fastest-Growing Application in Me&A (2016–2021)
Figure 37 Highways, Bridges & Buildings is Projected to Be the Fastest-Growing Application in Latin America
Figure 38 Companies Adopted Agreements as the Key Growth Strategy (2011-2015)
Figure 39 Yearly Market Developments in the Global FRP Rebars Market, 2011–2015
Figure 40 Major Growth Strategies in the FRP Rebars Market, 2011–2015
Figure 41 Hughes Brothers Inc.: SWOT Analysis
Figure 42 Schoeck International.: SWOT Analysis
Figure 43 Dextra Group: SWOT Analysis
Figure 44 Pultron Composites: SWOT Analysis
Figure 45 Pultrall Inc.: SWOT Analysis

The global market size of FRP rebars, in terms of value, is projected to reach USD 91.00 Million by 2021, at a CAGR of 11.4% between 2016 and 2021. The increasing number of patents filed for FRP rebars products & applications by global players, growing projects, continuous agreements, and expansion activities undertaken by companies are key factors for the growth of the global market for FRP rebar.

The vinyl ester resin based FRP rebar is expected to the fastest-growing resin type in the FRP rebars market. This is because, it exhibit various properties, such as excellent corrosion resistance to fuels, chemicals, or vapors, durability, heat resistance, and high tensile elongation strength. Additionally, in terms of fiber type, the glass fiber rebar is expected to be the fastest-growing on the FRP rebars market. This it provides superior properties such as strength, flexibility, durability, stability, lightweight, as well as resistance to heat, temperature, and moisture.

The highways, bridges, & buildings application segment is projected to be the fastest-growing in the global FRP rebars market between 2016 and 2021. This can be attributed to the use of FRP rebars for construction of new bridges and restoration of structurally deficient or functionally obsolete bridges. In addition, to develop structures that are long-lasting and have the ability to withstand harsh environmental conditions, heavy loads, insufficient maintenance, and erroneous maintenance practices such as the use of sodium chloride.

The North American region, being the largest market for FRP rebars, is also projected to register the highest CAGR in the FRP rebars market, in terms of value, between 2016 and 2021. This growth is driven by rising demand from highways, bridges, & buildings, marine structures & waterfronts, and other applications such as parking structures, MRI rooms, salt storage facilities, and so on.

The market for FRP rebars is rapidly gaining importance; however, few factors act as a bottleneck towards its growth in the global FRP rebars market. The availability of substitutes, stringent regulations for FRP rebars, low acceptance of FRP rebars among construction professionals, and high initial & production cost of FRP rebars are the major challenges and restraints toward the growth of the FRP rebars market.

The companies such as Hughes Brothers (U.S.), Pultrall Inc. (Canada), Marshall Composites Technologies LLC (U.S.), Pultron Composites (New Zealand), Armastek (Russia), BP Composites Ltd. (Canada), Dextra Group (Thailand), among others are the dominant players in the global FRP rebars market. They have been adopting various organic and inorganic growth strategies such as agreements, expansions, and new product launches to enhance the current market scenario of the FRP rebars market.