FRP Bridge Market: Global Industry Analysis and Forecast (2024-2030)

FRP Bridge Market size was valued at US$ 618.93 Mn. in 2023 and the total revenue is expected to grow at a CAGR of 5.47% from 2024 to 2030, reaching nearly US$ 898.56 Mn.

FRP Bridge Market Overview:

FRP Bridge Market is expected to reach US$ 898.56 Mn. by 2030. A composite material comprised of a polymer matrix reinforced with fibres is known as fiber-reinforced polymer (FRP), sometimes known as fiber-reinforced plastic. Although other fibres, such paper, wood, or asbestos, have occasionally been utilised, the most common fibres used are glass, carbon, or aramid. This report focuses on the different segments of the FRP Bridge market (Resin Type, Fiber Type, Manufacturing Process, Bridge Type, Application, and Region). In this report, the top industry participants and regions are in-depthly investigated (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It is an in-depth analysis of the several sectors' fast advancements in the modern era. The primary data analysis from 2018 to 2023 is highlighted through numbers, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for FRP Bridge are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the FRP Bridge market.FRP Bridge MarketTo know about the Research Methodology :- Request Free Sample Report

FRP Bridge Market Dynamics:

The major factor driving the growth of the FRP Bridge market during the forecast period is the rising demand for FRP rebars in a variety of end-use industries, including building and construction. Other factors driving the adoption of these products include durability, resistance to chemicals or vapours, high tensile elongation strength, and heat resistance. Global FRP materials are now being used more frequently in the building, automotive, and aerospace industries because to technological advancements. The initial use of FRP composites in civil engineering was possibly to restore damaged concrete structures using externally bonded reinforcement methods. Fiber reinforced polymers (FRPs) are becoming increasingly well-liked as environmentally friendly and economically advantageous rehabilitation solutions. FRP strengthening techniques can help the globe save billions of dollars every year by taking into consideration the characteristics of modern composites. Depending on the project's needs, composite materials can be employed as FRP strips or sheets for strengthening and retrofitting. Increased flexural and shear capacity of beams, girders, and slabs is the primary goal of FRP rehabilitation applications in bridge engineering. Wet lay-up and adhesive bonding are two techniques for implementing exterior FRP reinforcement. The lack of real-world data and the accessibility of design codes was the main barrier for civil engineers to using composite materials in the past. Now that there is enough information and guidance for civil engineers to draw a solid conclusion, FRP composites are a feasible option for enhancing the stiffness and strength of existing concrete elements. Existing bridges must be strengthened and modified to better withstand earthquakes and other natural disasters. Modern composites provide the strength required for a concrete structure to withstand significant shocks and large traffic loads. They are utilised to increase a structure's ability to absorb seismic shocks in the form of wrapped columns. The main issue that engineers encounter during the retrofitting procedure is traffic disturbance. The materials used for traditional retrofits are bulky and challenging to install. On the other side, FRP composites are lightweight, making it simpler for engineers to finish a project swiftly without significantly disrupting traffic. Numerous bridges in North America have structural flaws. The main factor contributing to the deterioration of concrete bridges is corrosion of the steel reinforcing. Corrosion-resistant advanced composites, including GFRP bars, have been shown to be the best materials for creating long-lasting marine constructions. Bridges must survive harsh climatic conditions that can cause the concrete cover to spall. The building sector should accelerate the usage of FRP composites rather than paying out billions of dollars on maintenance and repair. The most fragile portion of a bridge structure is the deck. Engineers of bridges can choose from eco-friendly and lightweight options provided by composite bridge decks. Composites are already being effectively used by the construction industry in industrial countries like Canada, Japan, and America to construct sustainable bridge infrastructure. The best example of how composite materials may transform civil engineering is provided by GFRP fibreglass bars. The benefits of GFRP materials over conventional building materials include their improved environmental resilience, high strength-to-weight ratio, and ability to be moulded into a variety of forms and sizes, all of which translate into minimal or no maintenance costs. These characteristics make GFRP rebar a great substitute for environmentally friendly building.

FRP Bridge Market Segment Analysis:

The FRP Bridge Market is segmented by Resin Type, Fiber Type, Manufacturing Process, Bridge Type, and Application. Based on the Resin Type, the market is segmented into Vinylester, and Polyester. Polyester Resin Type segment is expected to hold the largest market share of xx% by 2030. Fabrics for garments frequently contain polyester. Polyester threads or yarns are used to weave many sorts of clothes. Polo shirts, coats, jeans, and caps made of polyester are a few examples. Numerous home furnishings, including bed linens, curtains, blankets, and pillowcases, are made using polyester. For some types of wood products, polyesters can be used as a component of high-quality finishes. Guitars, interiors, and some pianos are common examples of products for which polyesters are utilised as finishes. Polyester is employed in the manufacture of cushioning materials for pillows because of its insulating qualities and reasonably soft texture. Upholstery cushioning also uses this material. FRP Bridge Market Based on the Fiber Type, the market is segmented into Glass fiber, and Carbon fiber. Glass fiber segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. The most popular usage for glass fibre products is glass fibre fabric. There are six different categories of glass fibre cloth: glass fibre mesh cloth, glass fibre woven fabric, glass fibre plain cloth, glass fibre axial cloth, and glass fibre electronic cloth. Glass fibre cloth is mostly utilised in the FRP industry, while it can also be applied to the construction industry. The primary function of fibreglass cloth in the FRP application is to strengthen the strength of FRP. It is employed in the construction sector to create materials for interior and exterior walls that are moisture- and fire-resistant as well as for insulating exterior walls. The fabric with three-dimensional structural properties can improve the bionics and integrity of the composite material as well as raise its damage tolerance. It has many uses in the domains of sports, medicine, transportation, aerospace, and the military. Weaved, knitted, and orthogonal and non-orthogonal three-dimensional fabrics are examples of three-dimensional fabrics. The three-dimensional fabric has a columnar, tubular, block-like, or similar shape. The beverage industry has some everyday normal examples of fibreglass; brewers utilise fibreglass grating as the lining for their bottling containers. Fiberglass is also used on docks and marinas as a barrier against rust and corrosion caused by the environment. Due to the low cost of fibreglass materials, the use of fibreglass greatly benefited the boat industry. These benefits of fibreglass are also present in the cooling tower sector. Due to their propensity for moisture, cooling towers require protection from rust and corrosion. This multifunctional item is also utilised as screening to demarcate unsafe locations.

FRP Bridge Market Regional Insights:

The North American region is expected to dominate the FRP Bridge Market during the forecast period 2024-2030. The North American region is expected to hold the largest market share of xx% by 2030. The growth of FRP in this region has been aided by significant infrastructural investments and an increase in the use of lightweight materials. The development of FRP bridge decks and other structural advancements are also being influenced by the Federal Highway Administration (FHWA) and American Association of State Highway and Transportation Officials (AASHTO) guidelines and standards for the construction of FRP bridges. The Middle East and Africa region is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. The region's use of FRP bridges is expected to increase as a result of rising developments and increased security and restrictions. Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. This is due to the increased infrastructure spending in developing nations like China and India. FRP Bridge Market The objective of the report is to present a comprehensive analysis of the Global FRP Bridge Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global FRP Bridge Market dynamic and structure by analyzing the market segments and projecting the Global FRP Bridge Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the FRP Bridge Market make the report investor’s guide.

FRP Bridge Market Scope: Inquire before buying

Global FRP Bridge Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: US $ 618.93 Mn.
Forecast Period 2024 to 2030 CAGR: 5.47% Market Size in 2030: US $ 898.56 Mn.
Segments Covered: by Resin Type 1. Vinylester 2. Polyester
by Fiber Type 1. Glass fiber 2. Carbon fiber
by Manufacturing Process 1. Pultrusion 2. Hand Lay-up
by Bridge Type 1. Vehicular 2. Pedestrian
by Application 1. Decks 2. Girders 3. Rebars 4. Others (Tendons and Truss)

FRP Bridge Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

FRP Bridge Market Key Players

1. Strongwell Corporation 2. Cts Bridges Ltd 3. Bedford Reinforced Plastics 4. Fiberline Composites A/S 5. Creative Pultrusions, Inc. 6. Composites Advantage 7. Lifespan Structures 8. Zellcomp Inc. 9. B&B FRP Manufacturing Inc. 10. Fibercore Europe 11. Guardian Bridge Rapid Construction Inc. 12. Solomon Composites LLC 13. Vectorply Corporation 14. Axion Structural Innovations LLC 15. Hardcore Composites LLC. 16. Ait Bridge System 17. Composicon 18. Kansas Structural Composites 19. Martin Marietta Composites, Inc. 20. Diversified Structural Composites 21. Hughes Bros Inc. Frequently Asked Questions: 1] Which region is expected to hold the highest share in the FRP Bridge Market? Ans. The North American region is expected to hold the highest share in the FRP Bridge Market. 2] Who are the top key players in the FRP Bridge Market? Ans. Strongwell Corporation, Cts Bridges Ltd, Bedford Reinforced Plastics, Fiberline Composites A/S, Creative Pultrusions, Inc., Composites Advantage, and Lifespan Structures are the top key players in the FRP Bridge Market. 3] Which segment is expected to hold the largest market share in the FRP Bridge Market by 2030? Ans. Polyester Resin Type segment is expected to hold the largest market share in the FRP Bridge Market by 2030. 4] What is the market size of the FRP Bridge Market by 2030? Ans. The market size of the FRP Bridge Market is expected to reach US $898.56 Mn. by 2029. 5] What was the market size of the FRP Bridge Market in 2023? Ans. The market size of the FRP Bridge Market was worth US $ 618.93 Mn. in 2023.
1. Global FRP Bridge Market: Research Methodology 2. Global FRP Bridge Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global FRP Bridge Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global FRP Bridge Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global FRP Bridge Market Segmentation 4.1 Global FRP Bridge Market, by Resin Type (2023-2030) • Vinylester • Polyester 4.2 Global FRP Bridge Market, by Fiber Type (2023-2030) • Glass fiber • Carbon fiber 4.3 Global FRP Bridge Market, by Manufacturing Process (2023-2030) • Pultrusion • Hand Lay-up 4.4 Global FRP Bridge Market, by Bridge Type (2023-2030) • Vehicular • Pedestrian 4.5 Global FRP Bridge Market, by Application (2023-2030) • Decks • Girders • Rebars • Others (Tendons and Truss) 5. North America FRP Bridge Market (2023-2030) 5.1 North America FRP Bridge Market, by Resin Type (2023-2030) • Vinylester • Polyester 5.2 North America FRP Bridge Market, by Fiber Type (2023-2030) • Glass fiber • Carbon fiber 5.3 North America FRP Bridge Market, by Manufacturing Process (2023-2030) • Pultrusion • Hand Lay-up 5.4 North America FRP Bridge Market, by Bridge Type (2023-2030) • Vehicular • Pedestrian 5.5 North America FRP Bridge Market, by Application (2023-2030) • Decks • Girders • Rebars • Others (Tendons and Truss) 5.6 North America FRP Bridge Market, by Country (2023-2030) • United States • Canada • Mexico 6. Europe FRP Bridge Market (2023-2030) 6.1. Europe FRP Bridge Market, by Resin Type (2023-2030) 6.2. Europe FRP Bridge Market, by Fiber Type (2023-2030) 6.3. Europe FRP Bridge Market, by Manufacturing Process (2023-2030) 6.4. Europe FRP Bridge Market, by Bridge Type (2023-2030) 6.5. Europe FRP Bridge Market, by Application (2023-2030) 6.6. Europe FRP Bridge Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific FRP Bridge Market (2023-2030) 7.1. Asia Pacific FRP Bridge Market, by Resin Type (2023-2030) 7.2. Asia Pacific FRP Bridge Market, by Fiber Type (2023-2030) 7.3. Asia Pacific FRP Bridge Market, by Manufacturing Process (2023-2030) 7.4. Asia Pacific FRP Bridge Market, by Bridge Type (2023-2030) 7.5. Asia Pacific FRP Bridge Market, by Application (2023-2030) 7.6. Asia Pacific FRP Bridge Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America FRP Bridge Market (2023-2030) 8.1. South America FRP Bridge Market, by Resin Type (2023-2030) 8.2. South America FRP Bridge Market, by Fiber Type (2023-2030) 8.3. South America FRP Bridge Market, by Manufacturing Process (2023-2030) 8.4. South America FRP Bridge Market, by Bridge Type (2023-2030) 8.5. South America FRP Bridge Market, by Application (2023-2030) 8.6. South America FRP Bridge Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa FRP Bridge Market (2023-2030) 9.1 Middle East and Africa FRP Bridge Market, by Resin Type (2023-2030) 9.2. Middle East and Africa FRP Bridge Market, by Fiber Type (2023-2030) 9.3. Middle East and Africa FRP Bridge Market, by Manufacturing Process (2023-2030) 9.4. Middle East and Africa FRP Bridge Market, by Bridge Type (2023-2030) 9.5. Middle East and Africa FRP Bridge Market, by Application (2023-2030) 9.6. Middle East and Africa FRP Bridge Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1 Strongwell Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Cts Bridges Ltd 10.3 Bedford Reinforced Plastics 10.4 Fiberline Composites A/S 10.5 Creative Pultrusions, Inc. 10.6 Composites Advantage 10.7 Lifespan Structures 10.8 Zellcomp Inc. 10.9 B&B FRP Manufacturing Inc. 10.10 Fibercore Europe 10.11 Guardian Bridge Rapid Construction Inc. 10.12 Solomon Composites LLC 10.13 Vectorply Corporation 10.14 Axion Structural Innovations LLC 10.15 Hardcore Composites LLC. 10.16 Ait Bridge System 10.17 Composicon 10.18 Kansas Structural Composites 10.19 Martin Marietta Composites, Inc. 10.20 Diversified Structural Composites 10.21 Hughes Bros Inc.
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