Europe FRP Bars Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.9 Billion by 2030, growing at a CAGR of 10.8% from 2024 to 2030.
The European Fiber Reinforced Polymer (FRP) bars market has been experiencing significant growth, driven by the construction industry's increasing demand for durable and corrosion-resistant materials. In 2022, the market was valued at approximately US$39.98 million and is projected to reach US$71.16 million by 2028, reflecting a compound annual growth rate (CAGR) of 10.1%. citeturn0search0 **Types of FRP Bars in the European Market** - **Resin Types:** - *Vinyl Ester:* This segment held the largest market share in 2022, accounting for 42.56% (US$17.02 million). Vinyl ester resins are favored for their excellent corrosion resistance and mechanical properties. - *Polyester:* Known for cost-effectiveness and satisfactory performance in various applications. - *Epoxy:* Offers superior adhesion and chemical resistance, suitable for specialized applications. - **Fiber Types:** - *Glass Fiber Composites:* Dominated the market with a 69.88% share in 2022 (US$27.94 million), owing to their high strength-to-weight ratio and affordability. - *Carbon Fiber Composites:* Provide exceptional strength and stiffness but at a higher cost. - *Basalt Fiber Composites:* Emerging as a sustainable alternative with good mechanical properties. **Industry Requirements Driving FRP Bar Adoption** - **Construction Industry:** - *Highway Bridges and Construction:* This application segment held 49.48% of the market share in 2022 (US$19.79 million). FRP bars are increasingly used due to their resistance to corrosion, reducing maintenance costs and extending the lifespan of structures. - *Marine Structures and Waterfronts:* The non-corrosive nature of FRP bars makes them ideal for harsh marine environments. - *Water Treatment Plants:* FRP bars' chemical resistance ensures durability in facilities exposed to various chemicals. **Market Trends and Future Outlook** The European FRP bars market is poised for substantial growth, driven by the construction sector's shift towards sustainable and durable materials. The increasing application of FRP rebars in construction projects is a critical factor attributed to market expansion. citeturn0search0 The rise in global construction spending and the acceptance of FRP rebars for reinforcement purposes are projected to drive demand in the construction industry. FRP rebars bond easily with concrete irrespective of pH, moisture, and other external factors, offering advanced thermal compatibility and zero stress while responding to temperature changes. These advantages are expected to positively influence the FRP rebar market over the forecast period. In conclusion, the European FRP bars market is set to expand rapidly, with various industries recognizing the benefits of FRP materials in enhancing structural integrity and longevity.
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Hughes Brothers
Schoeck
Armastek
Hebei Yulong
BP Composites (TUFF-Bar)
FiReP
Dextra Group
Yuxing
Shanghai KNP
Pultrall
Pultron Composites
Fusite
Marshall Composite Technologies
Composite Rebar Technologies
Sireg Geotech
Kodiac Fiberglass Rebar
Fiberline
Tribeni Fiber
Captrad
Sanskriti Composites
Owens Corning
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe FRP Bars Market
Glass Fiber Reinforced Polymer (GFRP)
Carbon Fiber Reinforced Polymer (CFRP)
Basalt Fiber Reinforced Polymer (BFRP)
Hybrid Fiber Reinforced Polymer
Construction
Aerospace
Agriculture
Automotive
Marine
Civil Engineering
Infrastructure Development
Energy and Power
Transportation
Water Resources
Pull-winding Process
Filament Winding Process
Blade Molding Process
Hand Lay-up Process
Continuous Fiber Reinforcement
Discontinuous Fiber Reinforcement
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe FRP Bars Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe FRP Bars Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe FRP Bars Market, By Type
6. Europe FRP Bars Market, By Application
7. Europe FRP Bars Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe FRP Bars Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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