Analysis - by Resin Type (Vinyl Ester, Polyester, Epoxy, and Others), Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, and Basalt Fiber Composites), and Application (Highway Bridge and Construction, Marine Structures and Waterfronts, Water Treatment Plants, and Others)
No. of Pages:100
Report Code:
BMIRE00028961
Category:
Chemicals and Materials
South America Fiber Reinforced Polymer (FRP) Rebars Market
The South America Fiber Reinforced Polymer (FRP) rebars market was valued at US$ 16.14 million in 2022 and is expected to reach US$ 22.89 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2022 to 2028.
Strategic Development Initiatives by ManufacturersFuel the South America Fiber Reinforced Polymer (FRP) Rebars Market
Manufacturers of FRP rebars are investing in strategic development initiatives such as product innovation, mergers, and acquisitions to expand their customer base and meet emerging consumer trends. Manufacturers' acquisitions and expansion plans help companies expand their reach and gain a competitive edge in international markets.
Major manufacturers are employing creative strategies such as business expansion and production capacity scaleup to serve their customers better and satisfy their growing demands. For instance, in June 2017, Aslan FRP, Hughes Brothers Inc.’s concrete reinforcing division, was purchased by Owens Corning. Aslan FRP manufactures and sells composite rebars reinforced with glass and carbon fiber, strengthening concrete in new and restored infrastructure projects, including bridges, tunnels, and maritime constructions. With this acquisition, the company increased and widened its geographic position in the FRP rebars market. Such initiatives by manufacturers drive the demand for FRP rebars and are further expected to bring new trends to the market during the forecast period.
South America Fiber Reinforced Polymer (FRP) Rebars Market Overview
The South America Fiber Reinforced Polymer (FRP) Rebars market comprises of Brazil, Argentina, and the Rest of South America. The South and Central America segment is dominated by the highway bridge and constructions segment. The region is mainly involved in increased construction activities and water treatment plants. The region is a little unaware of the Fiber Reinforced Polymer (FRP) Rebars advantages. Because of its high cost they have not been able to adapt the technology completely. Still, in the coming years the region is slowly adapting to it and has even began using it in its construction activities. Moreover, Fiber Reinforced Polymer (FRP) Rebars is resistant to a wide range of chemicals and is corrosion and oxidation free, which creates more opportunities for Fiber Reinforced Polymer (FRP) Rebars to grow in the region.
South America Fiber Reinforced Polymer (FRP) Rebars Market Revenue and Forecast to 2028 (US$ Million)
South America Fiber Reinforced Polymer (FRP) Rebars Market Segmentation
The South America Fiber Reinforced Polymer (FRP) rebars market is segmented based on resin type, fiber type, application, and country. Based on resin type, the South America Fiber Reinforced Polymer (FRP) rebars market is segmented into vinyl ester, polyester, epoxy, and others. The vinyl ester segment held the largest market share in 2022.
Based on fiber type, the South America Fiber Reinforced Polymer (FRP) rebars market is segmented into glass fiber composites, carbon fiber composites, and basalt fiber composites. The glass fiber composites segment held the largest market share in 2022.
Based on application, the South America Fiber Reinforced Polymer (FRP) rebars market is segmented into highway bridge and construction, marine structures and waterfronts, water treatment plants, and others. The highway bridge and construction segment held the largest market share in 2022.
Based on country, the South America Fiber Reinforced Polymer (FRP) rebars market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America Fiber Reinforced Polymer (FRP) rebars market share in 2022.
Owens Corning, Dextra Group, Composite Group Chelyabinsk, and Sireg Geotech S.r.l are some of the leading companies operating in the South America Fiber Reinforced Polymer (FRP) rebars market.
South America Fiber Reinforced Polymer (FRP) Rebars Market Strategic Insights
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South America Fiber Reinforced Polymer (FRP) Rebars Market Segmentation Analysis
South America Fiber Reinforced Polymer (FRP) Rebars Market Report Highlights
South America Fiber Reinforced Polymer (FRP) Rebars Report Scope
Report Attribute
Details
Market size in 2022
US$ 16.14 Million
Market Size by 2028
US$ 22.89 Million
CAGR (2022 - 2028)
6.0%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Resin Type
Vinyl Ester
Polyester
Epoxy
By Fiber Type
Glass Fiber Composites
Carbon Fiber Composites
Basalt Fiber Composites
By Application
Highway Bridge and Construction
Marine Structures and Waterfronts
Water Treatment Plants
Regions and Countries Covered
South and Central America
Brazil
Argentina
Rest of South and Central America
Market leaders and key company profiles
Owens Corning
Dextra Group
Composite Group Chelyabinsk
Sireg Geotech S.r.l.
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South America Fiber Reinforced Polymer (FRP) Rebars Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - South America Fiber Reinforced Polymer (FRP) Rebars Market
Owens Corning
Dextra Group
Composite Group Chelyabinsk
Sireg Geotech S.r.l.
Frequently Asked Questions
How big is the South America Fiber Reinforced Polymer (FRP) Rebars Market?
The South America Fiber Reinforced Polymer (FRP) Rebars Market is valued at US$ 16.14 Million in 2022, it is projected to reach US$ 22.89 Million by 2028.
What is the CAGR for South America Fiber Reinforced Polymer (FRP) Rebars Market by (2022 - 2028)?
As per our report South America Fiber Reinforced Polymer (FRP) Rebars Market, the market size is valued at US$ 16.14 Million in 2022, projecting it to reach US$ 22.89 Million by 2028. This translates to a CAGR of approximately 6.0% during the forecast period.
What segments are covered in this report?
The South America Fiber Reinforced Polymer (FRP) Rebars Market report typically cover these key segments-
Application (Highway Bridge and Construction, Marine Structures and Waterfronts, Water Treatment Plants)
What is the historic period, base year, and forecast period taken for South America Fiber Reinforced Polymer (FRP) Rebars Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Fiber Reinforced Polymer (FRP) Rebars Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2028
Who are the major players in South America Fiber Reinforced Polymer (FRP) Rebars Market?
The South America Fiber Reinforced Polymer (FRP) Rebars Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Owens Corning
Dextra Group
Composite Group Chelyabinsk
Sireg Geotech S.r.l.
Who should buy this report?
The South America Fiber Reinforced Polymer (FRP) Rebars Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the South America Fiber Reinforced Polymer (FRP) Rebars Market value chain can benefit from the information contained in a comprehensive market report.
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