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    Fiber Reinforced Plastic FRP Bridge Market | Covid-19 Impact Analysis

    Fiber Reinforced Plastic FRP Bridge Market | Covid-19 Impact Analysis

    Fiber Reinforced Plastic FRP Bridge Market | Covid-19 Impact Analysis
    Report code - SRAM150 Delivery - 2 Weeks
    Fiber Reinforced Plastic (FRP) Bridge Market Size, Share, Trend, Forecast, & Competiti See more...
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    Impact of COVID-19 on Fiber Reinforced Plastic FRP Bridge Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Fiber Reinforced Plastic FRP Bridge Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Fiber Reinforced Plastic (FRP) Bridge Market Insights

    The global fiber-reinforced plastic (FRP) bridge market offers attractive opportunities throughout the ecosystem of the market and is projected to grow at a healthy CAGR (Compound annual growth rate) of 6.7% during the forecast period of 2017 to 2022. The current market size of FRP bridge seems low but growing at a healthy rate with the increasing awareness about the benefits offered by this unique material. Some of the major growth drivers are lower weight, low life cycle cost, higher specific strength and stiffness, excellent corrosion and fatigue resistance, lower maintenance cost, and growing need for faster installation of bridges.

    Fiber Reinforced Plastic Bridge Market Forecast

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    Fiber Reinforced Plastic (FRP) Bridge Market Share Analysis

    Fiber Reinforced Plastic (FRP) Bridge Market Share by Resin Type

    The global FRP bridge market is segmented based on resin type as vinyl ester, polyester, and other resins. Polyester is projected to remain the most dominant resin type in the global FRP bridge market during the forecast period. Polyester resin provides good properties, such as chemical resistance, good mechanical strength, and stability at relatively lower cost. Vinyl ester resin is likely to witness the fastest growth in the same period, driven by its properties, such as high tensile strength and an excellent corrosion resistance.

    Fiber Reinforced Plastic (FRP) Bridge Market Share by Fiber Type

    The global FRP bridge market is segmented based on fiber type as glass fiber, carbon fiber, and other fibers. Glass fiber dominates the global FRP bridge market during the forecast period, driven by its cost advantage and good mechanical properties. Carbon fiber offers maximum weight saving potential but at a relatively higher cost. It currently accounts for a diminutive share in the global FRP bridge market but is anticipated to witness the fastest growth over the next five years.

    Fiber Reinforced Plastic (FRP) Bridge Market Share by Manufacturing Process Type

    The global FRP bridge market is segmented based on manufacturing process as open mold process, pultrusion, and other processes. Pultrusion is estimated to remain dominant process in the market during the forecast period as it is capable of producing all major FRP products used in the bridges, such as decks and rebar. This process is likely to witness a healthy growth in the market in the same period.

    Fiber Reinforced Plastic (FRP) Bridge Market Share by Application Type

    The global FRP bridge market is segmented based on application type as decks, girders, rebar, and others. The deck is expected to remain the largest application of FRP bridge market during the forecast period. Rebar is also estimated to account for a noteworthy share of the FRP bridge market during the same period.

    Regional Insights

    North America witnessed the highest growth in the global FRP bridge market over the past five years. Large investments in infrastructure and increasing usage of lightweight materials have favored the growth of FRP in this region. Guide specifications and standards for the design of FRP bridges by government organizations, Federal Highway Administration (FHWA) and American Association of State Highway and Transportation Officials (AASHTO) are also influencing the growth of FRP bridge decks and other structural developments.

    The Middle East and Africa is the fastest-growing FRP bridge market over the next five years. Growing developments with an increased security and regulations are likely to drive the growth of FRP bridges in the region. Asia-Pacific is also estimated to witness a healthy growth over the next five years, driven by higher investment in infrastructure in the developing economies, such as China and India.

    Key Players

    The global FRP bridge market supply chain comprises raw material manufacturers, distributors, composite molders, and customers, such as state-run infrastructure authorities. An overall supply chain seems relatively easy as compared to other composite markets. Strongwell Corporation, Creative Pultrusions, Inc., Bedford Reinforced Plastics, and Fiberline Composites A/S the major players in the global FRP Bridge market. Collaboration with customers and education to infrastructure authorities about the benefits of composite materials are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2011-2022

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Forecast

    6.7% CAGR during 2017-2022

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Russia, The UK, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Fiber Reinforced Plastic (FRP) Bridge Market Size, Share & Forecast by Resin Type:

    • Vinyl Ester Resin (Regional Analysis: NA, Europe, APAC, and RoW)
    • Polyester Resin (Regional Analysis: NA, Europe, APAC, and RoW)
    • Other Resins (Regional Analysis: NA, Europe, APAC, and RoW)

    Fiber Reinforced Plastic (FRP) Bridge Market Size, Share & Forecast by Fiber Type:

    • Glass Fiber (Regional Analysis: NA, Europe, APAC, and RoW)
    • Carbon Fiber (Regional Analysis: NA, Europe, APAC, and RoW)
    • Other Fibers (Regional Analysis: NA, Europe, APAC, and RoW)

    Fiber Reinforced Plastic (FRP) Bridge Market Size, Share & Forecast by Manufacturing Process Type:

    • Open Mold Process (Regional Analysis: NA, Europe, APAC, and RoW)
    • Pultrusion Process (Regional Analysis: NA, Europe, APAC, and RoW)
    • Other Processes (Regional Analysis: NA, Europe, APAC, and RoW)

    Fiber Reinforced Plastic (FRP) Bridge Market Size, Share & Forecast by Bridge Type:

    • Vehicular Bridge (Regional Analysis: NA, Europe, APAC, and RoW)
    • Pedestrian Bridge (Regional Analysis: NA, Europe, APAC, and RoW)

    Fiber Reinforced Plastic (FRP) Bridge Market Size, Share & Forecast by Application Type:

    • Decks (Regional Analysis: NA, Europe, APAC, and RoW)
    • Girders (Regional Analysis: NA, Europe, APAC, and RoW)
    • Rebar (Regional Analysis: NA, Europe, APAC, and RoW)
    • Others (Regional Analysis: NA, Europe, APAC, and RoW)

    Fiber Reinforced Plastic (FRP) Bridge Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, UK, Russia, and Rest of the Europe)
    • Asia-Pacific (Country Analysis: China, Japan, and Rest of Asia-Pacific)
    • Rest of the world (Country Analysis: Middle East, Latin America, and Others)

     

    Report Features

    This report, from Stratview Research, studies the FRP bridge market over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report Customization Options
    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Market Segmentation

    • Current market segmentation of any one of the application type by resin type 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]ratviewresearch.com


    Frequently Asked Questions (FAQs)

    What will be the growth of Fiber Reinforced Plastic (FRP) Bridge Market in the foreseeable years?

    Driven by the factors like higher specific strength and stiffness & excellent corrosion and fatigue resistance of FRP bridges, fiber reinforced plastic bridge market is expected to witness an impressive growth of 6.7% CAGR during the forecast period of 2017 to 2022.

    Who are the key players in the Fiber Reinforced Plastic (FRP) Bridge Market?

    Strongwell Corporation, Creative Pultrusions, Inc., Bedford Reinforced Plastics, and Fiberline Composites A/S are among the key players in the fiber reinforced plastic bridge market.

    Which country/region is expected to be the fastest growing Fiber Reinforced Plastic (FRP) Bridge Market?

    The Middle East and Africa is expected to be the fastest-growing FRP bridge market during the forecast period of 2017-22. Growing developments with an increased security and regulations are likely to drive the growth of FRP bridges in the region.

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