FRP Rebar Market - Forecast(2020 - 2025)
Overview FRP Rebar market size is forecast to reach $1.1 billion by 2025, after growing at a CAGR of 12.1% during 2020-2025. Fiber reinforced polymer rebar or FRP rebar is a non-corrosive alternative for steel rebar in concrete reinforcement. It comprises of two elements namely a fiber and a matrix resin. The fiber used is usually carbon, aramid, basalt, or glass whereas matrix resin is composed of polyester, epoxy, or vinyl ester. FRP rebar is a spiral wrapped fiberglass rod which is light in weight and easy to handle as well. Also, it is electrically and thermally non-conductive, efficiently resists heat transfer and possesses greater tensile strength than steel. Globally, increase in usage of non-corrosive rebars and low cost of FRP rebars across its life cycle are the prime growth drivers of FRP rebar. Report Coverage The report: “FRP Rebar Market – Forecast (2020-2025)” , by IndustryARC, covers an in-depth analysis of the following segments of the FRP Rebar Market Industry. ...