Fiber Reinforced Polymer (FRP) Bridge Market Overview, Growth, and Trends (2021-2031)

MARKET INTRODUCTION

The fiber reinforced polymer (FRP) bridge are made using fiber reinforced polymer composites wherein fiber may be glass, carbon, aramid or Kevlar. The FRP composite bridge technology provides improved durability and reduced time of in-situ construction. The strength of these bridges is due to the fiber reinforced polymers that make up the other parts of the bridge such as decks, girders, rebars, and beam. This is possible due to the simple and quick installation process of large and lightweight components which are manufactured offsite. In addition, these bridges are low maintenance and resistant to corrosion.

MARKET DYNAMICS

The FRP bridge market is anticipated to grow in the forecast period owing to superior properties and ease of installation of FRP bridges coupled with increasing adoption of composites in the construction of briges. Growing use of FRP materials in the materials for the manufacturing of decks further drives the FRP bridge market. However, high costs of carbon fibers and sensitivity towards UV-radiation negatively influence the FRP bridge market. Nonetheless, growing awareness about repairing and retrofitting of existing bridge structures offer lucrative opportunity for the growth of the FRP bridge market and the key players involved during the forecast period.

MARKET SCOPE

The "Global FRP Bridge Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of FRP bridge market with detailed market segmentation by fiber type, resin type, manufacturing process, bridge type, application, and geography. The global FRP bridge market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading FRP bridge market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global FRP bridge market is segmented on the basis of fiber type, resin type, manufacturing process, bridge type, and application. By fiber type, the market is segmented as glass fiber, carbon fiber, and others. Based on resin type, the market is segmented as vinylester, polyester, and others. On the basis of the manufacturing process, the market is segmented as pultrusion, hand lay-up, and others. The market on the basis of the bridge type is classified as vehicular bridge and pedestrian bridge. And by application, the market is segmented as deck, rebars, girders, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global FRP bridge market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The FRP bridge market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting FRP bridge market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the FRP bridge market in these regions.

MARKET PLAYERS

The reports cover key developments in the FRP bridge market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from FRP bridge market are anticipated to lucrative growth opportunities in the future with the rising demand for FRP bridge in the global market. Below mentioned is the list of few companies engaged in the FRP bridge market.

The report also includes the profiles of key FRP bridge companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• B&B FRP Manufacturing Inc.
• Bedford Reinforced Plastics
• Composite Advantage, LLC
• Creative Pultrusions, Inc.
• CTS Bridges Ltd
• FiberCore Europe
• Fiberline Composites A/S
• Guardian Bridge Rapid Construction II Inc.
• Lifespan Structures Ltd.
• Strongwell Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Fiber Reinforced Polymer (FRP) Bridge Report Scope