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Global Forecast to 2021 : FRP Entered Bridge Market

Global Forecast to 2021 : FRP Entered Bridge Market
February 2, 2017 Oritec
In News-Page

Research and Markets (Dublin) has published their newest research : “FRP Bridge Market – Global Forecast to 2021”. The research conclude the utilization of various FRP products used in the manufacturing of bridges. FRP Products are to enter the bridge market reaching  USD 72.5 Million by 2021, at a CAGR of 6.40% from 2016 to 2021. FRP materials grows in demand due to its  strength and stiffness for structural parts in FRP bridges : decks, girders, and rebars. FRP bridges also anti-corrosion, becoming a long-lasting choice for the bridge market. FRP bridges are slowly changing the conventional material bridges (steel, aluminum, concrete and wood), as they also easy in processing and helping to save the environment. (Article about FRP and Saving Energy by maritimejournal.com).

The various properties in the FRP bridge market has been segmented on the basis of FRP resin type, fiber type, manufacturing process, bridge type, application, and region. Along these application, the deck segment counted as the largest share of the FRP bridge market in 2016, regarding its value. FRP products becoming more competitive in bridge decks, winning due to their ideal properties, which include resistance to corrosion and high strength-to-weight ratio.

According to research, North America is the largest and the fastest-growing region which using FRP products, and stil going to be the leader of FRP Bridge market until 2021. There is one major factor that enhance the rapid growth of the FRP Products in bridge market : the special characteristic of FRP Products that suits the bridge market so well.

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