Amid the COVID-19 crisis, the global market for FRP Bridge estimated at US$63.1 Million in the year 2020, is projected to reach a revised size of US$90.1 Million by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027. Glass Fiber, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$43.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Carbon Fiber segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $17.1 Million, While China is Forecast to Grow at 8.1% CAGR
The FRP Bridge market in the U.S. is estimated at US$17.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.6 Million by the year 2027 trailing a CAGR of 8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Other Fiber Types Segment to Record 4.9% CAGR
In the global Other Fiber Types segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.5 Million in the year 2020 will reach a projected size of US$11.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$12.1 Million by the year 2027, while Latin America will expand at a 5.9% CAGR through the analysis period. We bring years of research experience to this 6th edition of our report. The 479-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- B&B Frp Manufacturing Inc.
- Bedford Reinforced Plastics
- Creative Pultrusions, Inc.
- Cts Bridges Ltd.
- FiberCore Europe
- Fiberline Composites A/S
- Guardian Bridge Rapid Construction Inc.
- Lifespan Structures Ltd.
- STRONGWELL Corporation
- Zellcomp Inc.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
FRP Emerges as an Ideal Replacement Material for Traditional Bridges
FRP – A Game Changing Material for Structures
FRP Bridge: Growing at a Healthy Rate
Global Competitor Market Shares
FRP Bridge Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
How Does FRP Compare to Steel Bridge
Rising Significance of FRP Composites in Construction Industry Augurs Well for Material’s Use in Bridge Constructions & Repairs
Global Fibre-Reinforced Polymers Market – Percentage Breakdown of Production by End-Use Industry
Presence of Large Base of Bridges Requiring Immediate Infrastructure Repair and Rehabilitation – Potential for FRP Bridges Market
Composite Advantage Uses FRP Panels for Bridge Renovations
Carbon Fiber Composite Bridges: Creating Stronger Bridges
Use of Glass Fiber Polymer Composites Rises in Bridges Construction and Rehabilitation
Modular FRP Bridges – An Overview
Vehicular FRP Bridge Decks – Meeting the Evolving Needs of Transport Industry
Pedestrian FRP Bridge Decks: Low Cost Manufacturing Favors Market
TRIGLASS® High Performance Profiles for Buildings and Infrastructure
Fibre-Reinforced Polymer: An Introduction
Traditional Materials Used in Construction of Bridges
Fibre Reinforced Polymer (FRP) Bridges – An Introduction
Significance of Composites in Bridge Constructions
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US FRP Bridge Market Share (in %) by Company: 2019 & 2025
Market Facts & Figures
European FRP Bridge Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 47
- B&B FRP MANUFACTURING INC.
- BEDFORD REINFORCED PLASTICS
- CREATIVE PULTRUSIONS, INC.
- CTS BRIDGES LTD.
- FIBERCORE EUROPE
- FIBERLINE COMPOSITES A/S
- GUARDIAN BRIDGE RAPID CONSTRUCTION
- LIFESPAN STRUCTURES
- STRONGWELL CORPORATION