FRP Bridge Market expected to grow at a CAGR of 6.40% with Industry Size, Share and Rising Trend till 2021

The report [138 pages] "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", published by MarketsandMarkets, the 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.

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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.

Table of Contents

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Macroeconomic Overview and Key Trends

7 FRP Bridge Market, By Fiber Type

8 FRP Bridge Market, By Resin Type

9 FRP Bridge Market, By Manufacturing Process

10 FRP Bridge Market, By Bridge Type

11 FRP Bridge Market, By Application

12 Regional Analysis 

13 Competitive Landscape

14 Company Profiles

15 Appendix

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.

Some of the major companies in the FRP Bridge Market include Strongwell Corporation (U.S.), Creative Pultrusions, Inc. (U.S.), Bedford Reinforced Plastics (U.S.), and Fiberline Composites A/S (Denmark). These players have adopted various organic and inorganic developmental strategies, such as new product development, expansion, agreement, and partnership, between the year 2011 and 2016.

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