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FRP Bridge Market Trends, Industry Growth, Top Company Profiles, Table of Contents and Forecast by 2026

Global FRP bridge market is expected to rise to an estimated value of USD 99.8 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026.This rise in market value can be attributed to the growing demand for bridges in decks and reinforcing bars.

This FRP bridge market report gives explanation about the different segments of the market analysis which is demanded by today’s businesses. The process of formulating this market report is initiated with the expert advice and the utilization of several steps. Market share analysis and key trend analysis are the major accomplishing factors of this FRP bridge market report. Evaluations of CAGR values, market drivers and market restraints aid businesses in deciding several strategies. Moreover, this market report also brings into the focus various strategies that have been used by other key players of the market or chemical industry.

Key Market Competitors:

Few of the major competitors currently working in FRP bridge market are AXION STRUCTURAL INNOVATIONS LLC, B&B FRP MANUFACTURING INC., Bedford Reinforced Plastics,  Creative Pultrusion, Inc., CTS Bridges Ltd, FiberCore Europe BV, Fiberline Composites A/S, Strongwell Corporation, Guardian Bridge Rapid Construction Inc., Hughes Brothers, Inc., Kenway Composites, Lifespan Structures Ltd, Vectorply Corporation among others.

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Key Developments in the Market:

  • In October 2018, Creative Pultrusions Inc. acquired Composite Advantage LLC, a manufacturer of FRP products used in construction industry. The acquisition will help the company to add products of the acquired company into its own portfolio of products
  • In July 2017, Owens Corning Infrastructure Solutions acquired the concrete reinforcement business of Hughes Brothers, Inc. The acquisition will help both the companies to expand their businesses globally

Market Drivers:

  • FRP material provide superior properties as compared to other alternatives, which acts as a driver in the growth of the market
  • Rising demand for FRP material in the manufacturing of decks boosts the market for FRP bridges

Market Restraints:

  • High cost of carbon fiber used in the production, act as the major restraint for the market
  • FRP material possesses sensitivity towards UV radiations, which hampers the demand for this material

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Segmentation: Global FRP Bridge Market

By Fiber Type

(Glass Fiber, Carbon Fiber),

Resin Type

(Vinylester, Polyester),

Manufacturing Process

(Pultrusion, Hand Lay-Up),

Application

(Deck, Girders, Rebars),

By Bridge Type

(Vehicular, Pedestrian)

Geography

(North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)

Competitive Analysis:

Global FRP bridge market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of FRP bridge market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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